Bitcoin Price Testing Traders’ Patience

Bitcoin Price Testing Traders’ Patience


Advertised sites are not endorsed by us. They may be unsafe, untrustworthy, or illegal in your jurisdiction.

Bitcoin price keeps simmering below $600. Perhaps ominously so. Direction is uncertain and the advice to traders remains the same: rather than anticipate the move, let the market show the way.

This analysis is provided by xbt.social with a 3-hour delay. Read the full analysis here. Not a member? Join now and receive a $29 discount using the code CCN29.

Bitcoin Price Analysis

Time of analysis: 14h00 UTC

Bitstamp 1-Hour Candle Chart

Selection_20160609_001

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

The uptrend has steadily lost momentum and trajectory since the beginning of June.

Downside

From a bearish perspective the price action can be interpreted as a rounded top. The outlook would be for price to perhaps attempt $600 again, and then sell-off in a bout of profit taking. Although such a sell-off could draw price back below $500, a strong bounce from the

Read more ... source: TheBitcoinNews

News from Darknet

NO COMMENTS

Read previous post:
An In Depth Conversation with the Expanse Project

Bitcoin.com recently chatted with the three core members of the open blockchain platform Expanse (Expanse.tech), which has characteristics that are similar...

Close