Bitcoin Price Looking To Greece This Weekend

The current Bitcoin price correction, since the 30 June high around $265 and 1665 CNY, has been tracing a path similar to the previous 17-25 June correction. Should the market take this pattern to its logical conclusion, we can expect another advancing wave and for trade to take price to a new high. However, alternate scenarios may be introduced by developments in Greece, this weekend, and technical analysis looks for the pivotal price levels traders should look out for.

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Bitcoin Price Analysis

Time of analysis: 06h15 UTC

BTC-China 1-Hour Chart

BTC-China 1-Hour Chart

From the analysis pages of, earlier today:

Bitcoin price is holding above the 1-hour chart’s 200MA.

The market has been trading price in a similar price pattern to the previous correction, and consequently, another advancing wave to a new high

Read more ... source: CryptoCoinsNews