Bitcoin price has reversed from a bull-trap as the reality of a hardfork with the potential to destroy coins and time locked transactions persists. Nevermind the asset damage, the fundamental consensus breach of Classic(TM) is devaluing Bitcoin and incumbent businesses every day that the threat persists.
Bitcoin Price Analysis
Time of analysis: 15h30 UTC
OKCoin 3Month Futures 4-Hour Chart
From the analysis pages of xbt.social, earlier today:
The past two days’ analysis had acknowledged the bullish activity in the chart but warned that a reversal was imminent.
Yesterday’s push to the vicinity of the corrective high of late-February caused RSI to reverse diverge to both the said high, as well as the February 21 wave top. This reverse divergence should cause a deep retracement and, eventually, a new decline low.
The OKCoin 3Month futures