The good news of late is that bitcoin is working toward positive price action, so that is a step in the right direction.
Bitcoin's Higher Low
So with the bounce over the past few days bitcoin has technically formed a higher low on the daily chart.
That is the first real item of positive price action we have seen in some time, barring the break of the descending channel which is more of a neutral action anyway.
I discuss this and the potential upside and downside targets in the video below..
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Disclaimer: All info in this post is my opinion and for informational purposes only
Free e-book: ScaredyCatGuide to Knowing What the Heck Bitcoin Is
Disclaimer: All info in this post is my opinion and for informational purposes only
Nice analysis...until we range the range from $5800 to $6800, Bitcoin price action is like watching paint dry on the wall.
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Yup, freaking range bound. UGH
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@scaredycatguide i have read an article it shows most of the countries banned the Bitcoin because 80 percent bitcoin handled by chinese hanckers. Please suggest is this news correct or not?
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I've also seen articles touting this data. Whether it is factual or not I am not sure. Technically someone could dig through the blockchain to find out, but that's out of my realm. I'm an investor/chartist as opposed to a developer.
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