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Bitcoin cost retraced all of a allege given yesterday’s post, though a 1-hour draft RSI dissimilarity multiple implies another call to $600 (Bitstamp).
Bitcoin Price Analysis
Time of analysis: 14h00 UTC
Bitfinex 1-Hour Candle Chart
From a research pages of xbt.social, progressing today:
As expected yesterday, cost had corrected somewhat downwards from a cost peak, combined toward a 1hr 20MA (green) and afterwards modernized toward $600 (Bitstamp).
However, during a march of a day – and before to achieving a $600 aim – a sell-off pulled cost behind to a 20MA where it is now consolidating.
The multiple of dual RSI indications implies that cost is expected to finish a allege to $600.