Bitcoin price has lost most of the volatility that got it to this altitude, and trade is now cooling down into a slight decline. Today, price lost the $250 level and may need to correct still lower in order to resolve the recent surge.
Bitcoin Price Analysis
Bitfinex 15-Minute Chart
From the analysis pages of xbt.social, earlier today:
A brief update this morning because nothing in the price chart has changed since yesterday’s analysis.
Just prior to 12h00 UTC, MACD is at its center line (zero) after making a reverse divergence to the downside. The RSI and stochastic indicators [not shown] are in neutral territory, as is price – midway between the level of the