Topic: [2016-02-05] Bitcoin Price Hovering After Mini-Surge (Read 251 times)
Bitcoin price is constantly moving between $370 and $390 over the last couple of weeks. It shows it's stability even there is a new amount of around 3200 BTC comming to the market. Good sign in my opinion.
Watch the bitcoin chart in the coming hours to see whether or not price finds support and bounces higher. A surge into an advancing trend was expected – and all the indications were confirmatory – but the irregular base wave formation leaves such an outlook in doubt. The price pattern of the current push higher does not differ from previous corrective waves to the upside. Accordingly, if price is not currently in a wave of advance, then the push higher is merely a correction prior to a full retracement, at least, and a larger wave of decline at worst.
https://www.cryptocoinsnews.com/bitcoin-price-hovering-after-mini-surge/
https://www.cryptocoinsnews.com/bitcoin-price-hovering-after-mini-surge/
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