Bitcoin price sold off $50 in a single hourly candle during US daytime, yesterday. Trend remains up. 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: 14h00 UTC…
Bitcoin price sold off $50 in a single hourly candle during US daytime, yesterday. Trend remains up.
Time of analysis: 14h00 UTC Monday
From the analysis pages of xbt.social, earlier today:
A shock reversal knocks us out of the trade, even though trend remains up.
The violent downward correction of more than $50 ended up making a higher low and quickly regained trade above $600 (Bitstamp). We could not have anticipated the sell-off happening as price was apparently advancing through the critical $640 level before it reversed.
The target remains $680 with support at $600.
Bitcoin price is retesting $600 and should resume advance in the coming days. We continue looking to $680 for resolution.
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Last modified: January 25, 2020 11:54 PM UTC