Bitcoin Price Slipping From Highs
Bitcoin price has lost most of the volatility that got it to this altitude, and trade is now cooling down into a slight decline. Today, price lost the $250 level and may need to correct still lower in order to resolve the recent surge. This analysis is provided by xbt.social with a 3 hour delay. Read the full analysis here. Not a member? Join now and receive a $29 discount using the code CCN29. Bitcoin Price Analysis. Time of analysis: 15h11 UTC. Bitfinex 15-Minute Chart. Also Read: Why The Preference For BTC-China Charts In Analysis? From the analysis pages of xbt.social, earlier today: A....
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Bitcoin price looks to be slipping from $600 and 4,000 CNY in some exchanges exchanges. Failure to hold this critical level opens the possibility of another corrective wave of decline. Price is grappling with support and resistance at $600 and 4,000 CNY across exchanges. In the 4hr chart we see that price had recently used the 200MA (red) as support. Yet, RSI had advanced too far too soon and formed reverse divergence to an RSI peak from 2 weeks ago (magenta). Price is, hence, forced into correction. The pale magenta trendlines above and below price imply a consolidation range that should....
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