Bitcoin price is picking up the pace and has covered almost $20 in some exchange charts. Fibonacci ratio targeting shows there is at least another $20 of upside in the tank.
Bitcoin Price Analysis
Time of analysis: 15h00 UTC
Bitstamp 1-Hour and 5-Minute Charts
From the analysis pages of xbt.social, earlier today:
A 1-hour timeframe chart, on the left, and a view of the most recent advancing wave in the 5-minute timeframe chart, on the right.
The 5-minute chart shows price currently correcting before making the next wave to the upside.
The trajectory of the advance, as seen in the 1-hour chart seems to be a straight line, and it is usual for bitcoin price to accelerate into the final fifth wave of advance. We could, therefore, expect to see price go vertical which