BITCOIN PRICE SUCCESSFULLY TESTS SUPPORT

cryptocoinsnews.com / BY VENZEN KHAOSAN via xbt.social / 20/07/2015

Bitcoin price, over the weekend, unfolded five declining subwaves and should now advance. The prevailing pattern of price shows similarities to a pattern at the end of January (prior to consolidation) and another in mid-February (prior to advance).

Bitcoin Price Analysis

Time of analysis: 04h45 UTC

From the analysis pages of xbt.social, earlier today:

Bitcoin price has made five declining subwaves and should now advance.

Advancing in 5 waves to the purple 800MA near $286 will be a sign that a new advance has begun.

Three waves of advance that fall short of the 800MA will warn us that the current sideways structure is incomplete or that decline may resume.

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