Bitcoin price is drawing sideways above $240. This is the level of the 1-hour chart's 200-period moving average as well as an annual price pivot - a level of support and resistance derived from 2014. Repeated attempts on this level implies that the market wants to trade price into decline. 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: 18h23 UTC Bitfinex 1-Hour Chart From the analysis pages of xbt.social, earlier today: As […]
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