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Bitcoin Price – How Low Can You Go?

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Bitcoin cost declined an additional $30 now and is now being upheld during $357.

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Bitcoin Price Analysis

Time of analysis: 15h00 UTC

Bitfinex 4-Hour Chart


From a research pages of, progressing today:

Price has found support during a Fib line imagining during a low of 1 Jun 2015.

Additionally, 4-hour RSI shows a well-defined 5 call channel to today’s low. According to Elliott call principle, a decrease should now be complete, though a Bitcoin cost draft frequently forms waves consisting of 7 subwaves, so there is no reason to call a bottom only yet.

Note that RSI (panel immediately above price) has retreat diverged to a shutting low of 11 Nov 2015 (magenta arrow) and that MACD (top panel) confirms this retreat dissimilarity with a double bottom (not annotated).

The stocahstics (second from top) have spent several days

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