Bitcoin Price Up In A Bullish Fever

Bitcoin price rallied, today, at the start of the Asia-Pacific session. The initial push was strongest and has since waned as price approaches resistance.

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Bitcoin Price Analysis

Time of analysis: 15h31 UTC

BTC-China 4-Hour Chart

BTC-China 4-Hour Chart

From the analysis pages of, earlier today:

To the upside, we have the 4-hour 800MA (purple).

If BTC-China and Huobi can push above their 1-day 200MA then the 4-hour 800MA becomes a target at its intersection with the rising grey trendline. Since the upside exuberance is being led by BTC-China and Huobi, let’s keep an eye, specifically, on their behaviour around the 1-day 200MA.

To the downside we have an MA buy signal in the smaller timeframe charts and below that a support level around $220 that stands at the gates of a sell-off. It must be pointed out that we have been in a choppy correction since late August and it is usually our rule not to trade corrections. The price action during

Read more ... source: CryptoCoinsNews