Bitcoin Price Movement Due

Bitcoin Price Movement Due

Advertised sites are not endorsed by us. They may be unsafe, untrustworthy, or illegal in your jurisdiction.

Bitcoin price trend remains up but a downward correction prior to the next wave of advance remains likely.

This analysis is provided by with a 3-hour delay. Read the full analysis here. Not a member? Join now.

Bitcoin Price Analysis

Time of analysis: 14h00 UTC Thursday

Bitstamp 1-Hour Candle Chart


From the analysis pages of, earlier today:

We’re waiting for price to either surge higher or make a surprise downward correction but the market’s uncertainty to choose a direction keeps price action on a tightrope.

Overhead is the 1hr 200MA and below a support zone near $600.

We have MACD ready to pop above zero and its signal line (magenta circle) – a bullish indication.

The stochastics (blue circle, top) are rising from their minimum which is also bullish.

Of course, we’d like to see an explosive upward price move here, but the downside risk remains: and potential corrective targets are at $600 and as far down as $587, as per yesterday’s update.


Bitcoin price trades sideways below its 1hr 200MA and the market

Read more ... source: TheBitcoinNews


Read previous post:
Gavin Smith: BitFinex Hack has Strengthened Bitcoin Industry

The last month’s security breach at BitFinex had lost traders more than $60 million worth of Bitcoin. It sparked confusion...