Bitcoin Price Up On Rates Hike Fear

Yesterday’s final analysis post identified a set-up for another wave of advance. Bitcoin price action, since, has confirmed the potential move – and it is, apparently, now underway.

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Bitcoin Price Analysis

Time of analysis: 14h54 UTC

BTC-China 4-Hour Chart

BTC-China 4-Hour Chart

From the analysis pages of, earlier today:

The chart, above, is a 4hr BTC-China chart, but the price pattern is consistent across eight of the most popular exchange charts, and the upside targeting involves the 1.618 and 2.618 fib extensions [of the last wave to the upside] in all of them.

A price spike may occur in some charts, and where it does, there is no consistent target. In some charts the spike extends to the 1-day 800MA and in others it falls short, but the 3rd wave up (in all charts)

Read more ... source: TheBitcoinNews