Bitcoin Price Wows The Crowd

After a shaky start in choppy trade around $230 and $240, bitcoin price is covering increasingly larger distances as the upstrend accelerates. Will it go to the moon. Chart technicals suggest not yet.

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Bitcoin Price Analysis

Time of analysis: 15h09 UTC

BTC-China 1-Hour Chart

BTC-China 1-Hour Chart

From the analysis pages of, earlier today:

RSI made a regular divergence to the new price high, and hence today’s price correction. Larger RSI reverse divergences have formed in the 4-hour chart as well as the 1-day chart. The 4-hour reverse divergence is to the mid-July high and the 1-day reverse divergence is to a high made in June last year. However, today’s daily candle has not yet closed so the 1-day timeframe indications remain tentative.

What seems missing in the current wave is a final

Read more ... source: TheBitcoinNews