Bitcoin price is sitting high and dry between two converging envelope lines near $265 and 1650 CNY. After the Greek referendum catalyst had pushed price to an intra-month high, it is now evident that Greece remains Europe's problem and negotiations have restarted (again). This lull and return to the status quo in the global economy may express itself in the Bitcoin chart as a period of sideways price action. 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 […]
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