Bitcoin Slightly Down as Indecisiveness Continues

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Bitcoin is trading slightly down today as yesterday’s gains fizzled out. On BTC-E we opened at $323.86, stayed flat for the first half of the session then mini-crashed to $315.58 in the span of one hour. But near the lows the general market indecisiveness came back and the bulls pushed prices back up. We closed the day at $320.83, about $3 dollars below the open. We’re now several hours in the new session and BTC/USD is trading pretty much unchanged at $320.823.


On OKCoin we had a similar session with milder swings. Here BTC/USD initially dipped from $325.43 to a daily low of $320.53, followed by a close at $324.48. We are currently quoted at $323.42 on this exchange.

OKCoin futures are trading a bit higher at $324.70 for the near contact and $329.14 for the December 25th issue. This is partially due to higher prices on Chinese exchanges. Most CNY sites are selling bitcoin for 2,707 Yuan or $326 dollars.

On the 1 Hour chart above we can see that for the past ten

Read more ... source: TheBitcoinNews