Bitcoin price corrected over-night. At the time of writing decline has resumed and Gavin Andresen better call a truce in his personal stand-off with the Core developers or risk splitting off a Classic(TM) altcoin.
Time of analysis: 15h00 UTC
From the analysis pages of xbt.social, earlier today:
No too much to comment on: a new low and progress toward the 4hr 200MA target.
Still buying seems relentless – large buy orders are being placed (and executed) in the orderbook. Is it profit taking or are there really buyers in a market?
Terse analysis for a clear fundamental breach: mess with Bitcoin’s fundamentals, and behold the holders sell.
Bitcoin price decline continues. $400 is the primary target. As long as populists and detractors continue threatening a contentious hardfork the price chart will continue its long-term decline.
What do readers think? Please comment below.
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Last modified (UTC): March 5, 2016 02:12