Bitcoin price made reentry last night and bounced at $300 and 1800 CNY after trading at almost double those prices less than a week ago. How low could it go?
Bitcoin Price Analysis
Time of analysis: 15h27 UTC
BTC-China 4-Hour Chart
From the analysis pages of xbt.social, earlier today:
A massive move lower came as a shock – not because it declined – but because it did so without clear signaling in the chart – preventing us from taking advantage of the bulk of the decline.
1) A corrective instance on the left (magenta annotation on price and RSI, just above price) had made a higher low while RSI was reverse diverging. The present correction did the same, but just pushed lower regardless – most probably because it is a larger