Bitcoin Price Undecided Below $650

Bitcoin Price Undecided Below $650

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The bitcoin price chart remains in slumping mode and continuing decline is inevitable, yet, interspersed with crosscurrents. Best to sit out until a clear signal becomes evident in the charts.

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Bitcoin Price Analysis

Time of analysis: 13h00 UTC

Bitstamp 4-Hour Candle Chart


From the analysis pages of, earlier today:

Price is likely to oscillate within the range of the past few days before a definitive signal manifests in the chart.

Notice in the 4hr chart, above, that price remains below the 20MA (green). There is little techincal resistance to continuing decline, but we remain cautious of a bullish stampede higher, prior to such decline.

It would be plain contrary to say Brexit had

Read more ... source: TheBitcoinNews


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