Bitcoin Price On A High Tension Wire

Bitcoin Price On A High Tension Wire

Bitcoin price is pushing higher once again but the market is struggling to make a new high since last week. Could this be the final push to resistance?

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Bitcoin Price Analysis

Time of analysis: 15h00 UTC

Bitfinex 1-Hour Candle Chart


From the analysis pages of, earlier today:

The exchanges saw a bout of increased buying between 12h00 and 15h00 UTC when the bulls pulled price out of its ongoing two-day slump. At the time of writing the push has not produced a new high (since last week) in any of the exchange charts – with the exception of a nominal new high in the BTCC chart.

The upside level to conquer is at $470 (Bitstamp) and 3000 CNY, shown in red in the 1-hour chart.

Establishing trade above this long-term resistance layer remains the market’s

Read more ... source: TheBitcoinNews


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