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Bitcoin Price Pushes Higher from Support

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Bitcoin cost pushed aloft from a plane support section nearby $660. The opinion stays that a marketplace is intent in a laterally bottom arrangement before to advance.

This research is supposing by xbt.social with a 3-hour delay. Read a full research here. Not a member? Join now.

Bitcoin Price Analysis

Time of analysis: 15h00 UTC Monday

Bitstamp 4-Hour Candle Chart

Selection_20160829_004

From a research pages of xbt.social, progressing today:

A pull higher, today, from a plane support in a low $560s.

The 4hr draft indicates ongoing consolidation, with MACD compressing and a stochastics (top) really fast pulling behind toward their maximum.

We design cost to continue sketch laterally as a 4hr 200MA descends into a area of cost – afterwards a swell aloft toward $600 and a incomparable allege – hopefully in a entrance days.

Price stays above a 1day 200MA and a 1day MACD has pulled out of a high dive.

Notice a advancing stochastics, tip right. xbt.social’s Buy recommendation stays current and we wait to see allege above $600 (Bitstamp) – or another confirmed


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