The bitcoin cost draft is apropos obscure as it approaches a initial vast pierce for a new year. Traders have been actively accumulating bitcoin, yet, regardless a intensity sell vigilance is building during a incomparable 4-hour timeframe.
Bitcoin Price Analysis
Time of analysis: 14h30 UTC
BTCC 4-Hour Chart
From a research pages of xbt.social, progressing today:
Today’s 15min draft (not shown) had seen cost tumble next a 200-period relocating normal (200MA). If a 20MA were to also cranky next a 200MA we’d have a intensity sell vigilance in a 15min chart.
The 4hr draft (above) is a timeframe we have not looked during for over a week and it has a few engaging features:
1) a 4hr 200MA has been ancillary cost given a late-December low.
2) a 20MA and 200MA are in tighten proximity.
3) If cost pulls below