Topic: [2016-01-01] Bitcoin Price Holding Ground (Read 235 times)
Summary
During price corrections the market tends to reverse price direction regularly, since the psychology of correction is irrational. An exuberant new year buying frenzy fizzled out earlier today, but the market is clearly in a bullish mood, with participants buying even as price made lower lows during the past few hours. To escape the pull of $400 and 2600 CNY, we want to see the bullish energy express itself as a series of higher highs in the chart.
After the directionless energy has expended itself a clear signal should form.
Read the full article : https://www.cryptocoinsnews.com/79063-2/
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