Advertised sites are not endorsed by us. They may be unsafe, untrustworthy, or illegal in your jurisdiction.
The bitcoin price chart took a bearish turn earlier today and analysis looks at the most likely support levels where the bulls might be entrenched.
Bitcoin Price Analysis
Time of analysis: 15h00 UTC
Bitstamp 1-Hour Candle Chart
From the analysis pages of xbt.social, earlier today:
A down-draft during the UTC evening, and an apparently mild sell-off is approaching the 1-hour 200-period moving average.
As can be seen in the 1-hour candle Bitstamp chart, above, a few large sellers had pulled down a couple of long candle wicks earlier in the day.
The 1hr 200MA (red, red arrow) should offer minor support, but it is more likely that the market gives more credence to the