30 Sep '15, 6pm

Bitcoin Price Errant, Comes Back Home

Bitcoin Price Errant, Comes Back Home

Bitcoin price has returned to its 1-hour timeframe "home" at the 200-period moving average. From here it can either consolidate into another wave of advance to near $250 or continue decline to the support floor near $220 and lower. During the past month price has switched direction - seemingly randomly - and has failed to hit technical targets. We don't know how long this will continue and await confirmation of direction as follows: to signal decline, price must break below the 1-hour 200MA and then $220 . Advance should be preceded by a consolidation above the 200MA and/or impulsive five-wave pushes higher

Full article: https://www.cryptocoinsnews.com/bitcoin-price-errant-come...

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