Bitcoin price is within reach of the $470 resistance level. Although the possibility of a downward correction remains, a concerted push by the bulls may be able to secure advance.
Bitcoin Price Analysis
Time of analysis: 14h00 UTC
Bitstamp 1-Day Candle Chart
From the analysis pages of xbt.social, earlier today:
Its been a turbulent week for the Bitcoin ecosystem, and that the market managed to hold price under control is a feat.
Craig Wright’s re-appearance on the scene was a news highlight in both the Bitcoin and mainstream media. The Satoshi candidate arrived with a bang on Monday, and by Friday his blog had been cleared of puzzling technical content, and with only a farewell message and apology. The market reacted with a muted relief rally that reached toward the resistance zone near