Bitcoin Price Still Above Support

Bitcoin Price Still Above Support

Bitcoin cost continues hovering around $415 and 2690 CNY. The chart’s technical conditions are primed for a mangle into possibly convene or decline.

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Bitcoin Price Analysis

Time of analysis: 14h00 UTC

Bitstamp 1-Hour Chart


From a research pages of, progressing today:

The 1hr draft shows how, before to a final advancing wave, cost had traded above a 1-hour 200-period relocating normal (200MA, red). Currently, cost is next this MA. The 1hr 200MA continues sketch horizontally.

The Stochastics (top) were forward from their top limit though have bounced (without cost creation a new low) and a stochastics demeanour to be streamer adult again. Simultaneously, MACD arena looked to be pulling movement next zero, though it had also bounced off a 0 line. In a 15-minute draft (not shown) MACD application implies that a

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Bitcoin Price Finds Status Quo in $415 Range

Markets Weekly is a weekly column analyzing price movements in the global digital currency markets, and the technology's use case...