Bitcoin Price Retesting $240 analysis has been biased to a decline below $240 for the past week. Yesterday, Bitcoin price dipped below this important support level twice before retreating again this morning. Following a pullback, it is anticipated that the market will return price to this level – a break below it implying decline to at least $235.

Readers are alerted to a new analysis update schedule: starting today, daily Bitcoin price analysis will be published at the start of the day (UTC). Articles will be updated with major market events, during the course of the day, where appropriate.

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Bitcoin Price Analysis

Time of analysis: 05h42 UTC

BTC-China 4-Hour Chart

BTC-China 4-Hour Chart

From the analysis pages of, earlier today:

Price continues testing the $240 / 1488CNY level and may now retreat higher in the

Read more ... source: CryptoCoinsNews