Bitcoin Price Regains Consciousness

Bitcoin Price Regains Consciousness

Bitcoin cost picked itself adult from a dry hollow building today. Although it’s looked some-more healthy, it appears zero is broken.

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Bitcoin Price Analysis

Time of analysis: 15h00 UTC

Bitfinex 1-Hour Chart

Selection_20160117_008

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

Since yesterday’s low we’ve had 5 waves up. The allege has stopped during 15-minute 200MA (not shown) and is now trailing a hour 20MA (green). At tag 5 a allege is accompanied by retreat dissimilarity in RSI. In other words, RSI is indicating a high surpassing prior highs that cost is nowhere nearby reaching. Hence, a stream downward correction.

It seems that during slightest a proxy low has been struck during $350 and 2350 CNY, and we now sojourn on a surveillance for one of 3 outcomes:

1) Price is upheld during yesterday’s low and consolidates laterally before



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