28 Aug '16, 3pm

Bitcoin Price Finding Support?

Bitcoin Price Finding Support?

Advertised sites are not endorsed by us. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Bitcoin price dropped back toward $660, overnight, but now seems to be engaged in a sideways base formation. This analysis is provided by xbt.social with a 3-hour delay. Read the full analysis here . Not a member? Join now. Bitcoin Price Analysis Time of analysis: 13h00 UTC Sunday Bitstamp 1-Day Candle Chart From the analysis pages of xbt.social, earlier today: Price action is looking encouraging and now we wait for technical confirmation of an advance. Despite a recent bearish 4hr MACD cross below its zero line we see price maintaining support above $550 (magenta annotation). Price remains above its 1day 200MA and the 1day MACD has pulled out of its steep dive, now leveling out regardless of the overnight drop back to support. We cannot, yet, with confidence, rule ...

Full article: https://www.cryptocoinsnews.com/bitcoin-price-finding-sup...

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