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Bitcoin cost continues solemnly losing altitude next $580 (Bitstamp). The odds of decrease remains, nonetheless we contingency acknowledge a probability of a low-liquidity weekend spike to a upside.
Bitcoin Price Analysis
Time of analysis: 14h00 UTC
BTCC 1-Hour Candle Chart
From a research pages of xbt.social, progressing today:
Keep an eye on cost movement in propinquity to a 1-hour 200MA (red), as good as a beyond trendline (blue). If trade establishes next a 200-period relocating normal it will endorse a short-term bearish phase, generally if a immature 20MA follows cost reduce and crosses next a 200MA.
Downside targets embody $540 and $500.
The blue trendline above cost represents a turn above that a market