Home BREAKING NEWS Bitcoin Price – How Low Can You Go?

Bitcoin Price – How Low Can You Go?

Bitcoin Watch Shop

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

This research is supposing by xbt.social with a 3-hour delay. Read a full research here. Not a member? Join now and accept a $29 bonus regulating a formula CCN29.

Bitcoin Price Analysis

Time of analysis: 15h00 UTC

Bitfinex 4-Hour Chart

Selection_20160116_002

From a research pages of xbt.social, 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


Read more ... source:

Advertise on the Bitcoin News

Do you like The Bitcoin News ? Thank you for Support us !
BTC: 1FVCSiK2ErerjH1kBP4VLS5LqR3YzmVeXf
ETH: 0xa829E61Cc130b4f02fbfc9D7763361a550C7f824

Read previous post:
2016 Could Be Bitcoin’s Year If We Help It

The announcement made by Mike Hearn on January 14th, 2016 has shaken the community by calling Bitcoin a failure. The...

Close