Bitcoin Price Reclaims $600

Bitcoin Price Reclaims $600

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Bitcoin price continues trading above $600 and 4,000 CNY across exchanges. Price action and market momentum are slowing, as bitcoin price typically does prior to a strong directional move.

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

Bitcoin Price Analysis

Time of analysis: 12h00 UTC Wednesday

Bitstamp 4-Hour Candle Chart

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From the analysis pages of xbt.social, earlier today:

Price holds above $600 and 4000 CNY while the 1day and 3day charts remain in bullish mode.

The 1hr and 4hr timeframe charts are not emitting directional signals and we see the 4hr chart, above, holding above $600, above its 200MA and above a horizontal support level (blue) near $590. The longer price

Read more ... source: TheBitcoinNews

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