Bitcoin cost binds solid and a prerogative halving has not seen any surprises in a mining sector. Price seems to be scheming for allege – not now – so, time to do something else than check a bitcoin cost draft like a squirrel for nuts!
Bitcoin Price Analysis
Time of analysis: 13h00 UTC
Bitstamp 4-Hour Candle Chart
From a research pages of xbt.social, progressing today:
The “halvening” caused no evident fireworks, other than a pointy dump a few blocks before to a event. Yet, we did not see a new low and cost is holding a laterally path.
The cost call given final week’s low has a demeanour of converging about it. However, we won’t bottom any trades on such a tea-leaf reading: there is now no transparent vigilance to possibly instruction in a 4hr draft above. In fact, a Bollinger Band application around MACD (magenta arrows) suggests ongoing consolidation.
If cost is