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Bitcoin cost is trade into a squeezing operation and a marketplace will shortly be forced to select a direction. Upside options are singular while a long-term indicators lapse to neutral, and if a outcome is decline, it will hopefully be contained above $500.
Bitcoin Price Analysis
Time of analysis: 15h00 UTC
Bitstamp 1-Hour Candle Chart
From a research pages of xbt.social, progressing today:
1-Hour MACD (panel above price) is consolidating to 0 with a Bollinger Bands contracting, indicating a low sensitivity still that customarily precedes a directional cost move.
Price has hold next a 1-hour candle chart’s 200MA (red) given entrance down from a convene top. During a past day a marketplace has