Bitcoin cost continues trade above support as 4,000 CNY and $600 holds. Slowing cost movement implies an approaching ramp-up in volatility, nonetheless technical research suggests traders wait for additional consolidation.
Bitcoin Price Analysis
Time of analysis: 12h00 UTC Thursday
Bitstamp 1-Day Candle Chart
From a research pages of xbt.social, progressing today:
A bullish cost settlement in a 1hr draft might be environment adult a surge, however, a demeanour during a 1day draft (above) shows that a indicators are not typically aligned for a clever call of advance.
Horizontal bars uncover a indicator pattern typically seen during a start of vast waves of advance: cost is above a 1day 200MA (red). Notice a position of MACD above a 0 line in any case, as good as the