Bitcoin price has advanced above the Fib line that has served as the pivot for consolidation during the past week. During the Asian session, price tagged the 4-hour 200-period moving average and looks set to continue the journey north after a corrective price wave has completed.
Read full analysis: https://www.cryptocoinsnews.com/bitcoin-price-avoids-drop-zone-bullish-moves/
Read full analysis: https://www.cryptocoinsnews.com/bitcoin-price-avoids-drop-zone-bullish-moves/
looks mostly likely more sideways action to come, traders rely on big moves in either direction, but remember bitcoin price can stay calm for around a year as we've seen at $10.
For the last 6 months or so the general pattern has been - sideways, creep up, crash down, repeat.
You can do all the technical anylsis you want, the sporadic crashes that knock the price $20+ in a few minutes aren't predictable and could stop or occur at anytime.
Until they stop happening, the price will remain low. As soon as they stop, the creep up in price that happens between flash crashes can continue unabated.
