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!
Bitcoin Price Analysis
Time of analysis: 13h00 UTC
Bitstamp 4-Hour Candle Chart
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