Bitcoin cost continues trade above $600 and 4,000 CNY opposite exchanges. Price movement and marketplace movement are slowing, as bitcoin cost typically does before to a clever directional move.
Bitcoin Price Analysis
Time of analysis: 12h00 UTC Wednesday
Bitstamp 4-Hour Candle Chart
From a research pages of xbt.social, progressing today:
Price binds above $600 and 4000 CNY while a 1day and 3day charts sojourn in bullish mode.
The 1hr and 4hr timeframe charts are not emitting directional signals and we see a 4hr chart, above, holding above $600, above the 200MA and above a plane support turn (blue) nearby $590. The longer cost can