29 May '15, 4pm

Why Has Bitcoin Price Not Been Moving?

Following significant price corrections the Bitcoin chart, typically, surges and then consolidates before launching into a larger price rally. During the consolidation phase, the volatile activity of the preceding surge ebbs away, as the market quietens down to a price lull and takes stock of what just happened. This phase is characterized by a narrowing of the range of momentum indicators, such as MACD, to almost zero. Then, as if out of nowhere, price begins moving and, in an apparent positive feedback cycle, traders all pile into the direction of trend, thereby, causing a

Full article: https://www.cryptocoinsnews.com/bitcoin-price-not-moving/

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