Bitcoin Price Sell-Off To $650

Bitcoin Price Sell-Off To $650

Advertised sites are not endorsed by us. They may be unsafe, untrustworthy, or illegal in your jurisdiction.

Bitcoin price made a corrective high at $705 (Bitstamp) and was then sold off to $650 for the duration of the day. What the market does next will determine trend for the next week.

This analysis is provided by with a 3-hour delay. Read the full analysis here. Not a member? Join now and receive a $29 discount using the code CCN29.

Bitcoin Price Analysis

Time of analysis: 15h00 UTC

Bitstamp 1-Hour Candle Chart


From the analysis pages of, earlier today:

The deep retracement that was anticipated in analysis, last week, has set in and we see the charts currently holding support at $650 (popular USD exchanges) and 4350 CNY. The level also corresponds to a trendline (magenta) drawn from the level from which the corrective advance started.

There is no telling what the market will do next. One scenario

Read more ... source: TheBitcoinNews


Read previous post:
Bitcoin Plunges In Value As Hackers Spook Market

July 3, 2016 By Steven WilsonThe unpredictable progress of Bitcoin hit another downward spiral as more crooked dealings were revealed....