Bitcoin Price Post-Halving Calm

Bitcoin Price Post-Halving Calm

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Bitcoin price holds steady and the reward halving has not seen any surprises in the mining sector. Price seems to be preparing for advance – not today – so, time to do something else than check the bitcoin price chart like a squirrel for nuts!

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Bitcoin Price Analysis

Time of analysis: 13h00 UTC

Bitstamp 4-Hour Candle Chart

Selection_20160710_006

From the analysis pages of xbt.social, earlier today:

The “halvening” caused no immediate fireworks, other than the sharp drop a few blocks prior to the event. Yet, we did not see a new low and price is holding a sideways path.

The price wave since last week’s low has a look of consolidation about it. However, we won’t base any trades on such a tea-leaf reading: there is currently no clear signal to either direction in the 4hr chart above. In fact, the Bollinger Band compression around MACD (magenta arrows) suggests ongoing consolidation.

If price is

Read more ... source: TheBitcoinNews

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