Bitcoin price declined to the vicinity of its 1-hour 200MA, today, without making a direct challenge on it. Price revisits the 200MA periodically but, during September, has crisscrossed it several times. Combined with the choppy wave patterns evident in the chart we conclude that price is in a corrective phase and prefer to stay out of the market. 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: 15h03 UTC Bitfinex 1-Hour Chart From […]
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