Bitcoin Price Reaching for $600

Bitcoin Price Reaching for $600

Advertised sites are not endorsed by us. They may be unsafe, untrustworthy, or illegal in your jurisdiction.

Bitcoin price has held support and advanced on $600 and 4,000 CNY earlier today. However, the bear is not yet out of the woods.

This analysis is provided by with a 3-hour delay. Read the full analysis here. Not a member? Join now.

Bitcoin Price Analysis

Time of analysis: 12h00 UTC Friday

Bitstamp 1-Hour Candle Chart


From the analysis pages of, earlier today:

The USD exchanges are attempting $600 while the CNY exchanges try to retake 4,000 CNY. This is encouraging since we’ve seen price hold above its critical 1day 50MA and now trying to reestablish above psychological support.

A bullish 1hr 20/50MA cross-over (chart right) was confirmed by a simultaneous full valid 15min MA signal a few hours ago – another encouraging sign that the market is trying to return to advance.

However, the journey to the upside is not going to be plain sailing and traders should wait for additional confirmation in the 1hr and 4hr timeframes: notice that the 1hr stochastics (magenta circle, top) are flashing red divergence

Read more ... source: TheBitcoinNews

News from Darknet


Read previous post:
How Bitcoin Is Creating Financial Stability Where There Is None

In April 2013, under intense pressure from the EU, Cyprus suddenly decided to ‘bail in’ its banks, whereby 37.5 percent...