Home The Bitcoin News Bitcoin Price Testing Critical Support

Bitcoin Price Testing Critical Support

Bitcoin Watch Shop
Advertised sites are not permitted by us. They might be unsafe, untrustworthy, or bootleg in your jurisdiction.

Bitcoin cost has shown no greeting to yesterday’s Fed rates announcement. Price binds above vicious support.

This research is supposing by xbt.social with a 3-hour delay. Read a full research here. Not a member? Join now.

Bitcoin Price Analysis

Time of analysis: 12h00 UTC Thursday

Bitstamp 1-Hour Candle Chart

selection_20160922_002

From a research pages of xbt.social, progressing today:

No manifest greeting to a approaching Fed rates check is nonetheless manifest in a chart. Gold and a USD forex pairs responded to a news immediately but, as discussed dual days ago, a bitcoin marketplace infrequently reacts early, and infrequently late, to emergent new marketplace scenarios.

What a Fed are, essentially, observant by loitering a rate boost is that they have concerns about a strength of a domestic US economy – no change from their prior stance. This can be interpreted as softly bullish for bitcoin cost given it implies ongoing tellurian mercantile slowdown, stability US dollar debility and concentration on money charge by investors. Hence, bitcoin stays appealing as a store of wealth.

Yet, we


Read more ... source:

Advertise on the Bitcoin News

Do you like The Bitcoin News ? Thank you for Support us !
BTC: 1FVCSiK2ErerjH1kBP4VLS5LqR3YzmVeXf
ETH: 0xa829E61Cc130b4f02fbfc9D7763361a550C7f824

Read previous post:
Roger Ver Is Still Determined to Increase a Bitcoin Block Size Limit around a Hard Fork

Two attempts to increase Bitcoin’s block size limit via hard forks — Bitcoin XT and Bitcoin Classic — have failed...

Close