Bitcoin Price May Fall Through The Line

Bitcoin Price May Fall Through The Line

The bitcoin price chart is becoming ambiguous as it approaches its first large move for the new year. Traders have been actively accumulating bitcoin, yet, regardless a potential sell signal is developing at the larger 4-hour timeframe.

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Bitcoin Price Analysis

Time of analysis: 14h30 UTC

BTCC 4-Hour Chart


From the analysis pages of, earlier today:

Today’s 15min chart (not shown) had seen price fall below its 200-period moving average (200MA). If the 20MA were to also cross below the 200MA we’d have a potential sell signal in the 15min chart.

The 4hr chart (above) is a timeframe we have not looked at for over a week and it has a few interesting features:

1) the 4hr 200MA has been supporting price since the late-December low.

2) the 20MA and 200MA are in close proximity.

3) If price pulls below

Read more ... source: TheBitcoinNews

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