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Bitcoin Price Cynicism Pulling Us Down 比特币价格玩世不恭让我们失望

 

Bitcoin price is under the control of the bears. Cynical sellers are pulling us lower according to their sense of Bitcoin’s value. Bitcoin Core is 100% censorship resistant and will never go away.

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Bitcoin Price Analysis

Time of analysis: 15h00 UTC

OKCoin 3Month Chart

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From the analysis pages of xbt.social, earlier today:

A drop lower closes the 1/4 size position Buy trade at $380 (Bitstamp)

The drop is interesting because it did not achieve a new low – well, that may still follow later – and price has halted at a longterm supporting Fib trendline.

If price can maintain position here, we may see a surprise reversal to the upside, as happened in September last year. In this scenario we need to wait for price to maintain altitude before we think about trading again.

If price continues lower, that will be both disappointing and grim, since the next Fib line down is near $300 and may spell a period of consolidation down at previous support. Let’s hope this is not the case.

Now for the wait.

Summary

Even now, Silicon Valley echoes to an empty reverberation as Coinbase and other US companies seek to propagandise themselves as indispensable in the Bitcoin universe. For them to change a bitcoin or convert a dollar, they have to sock it to the fiat bank, so who tells them what to do?

Bitfinex Depth Chart and Buy/Sell Volume

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Click here for the CCN.LA interactive bitcoin price chart.

from:https://www.cryptocoinsnews.com/bitcoin-price-cynicism-pulling-us-down/

固定链接: Bitcoin Price Cynicism Pulling Us Down 比特币价格玩世不恭让我们失望 | 三个硬币

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该日志由 goldcoin 于2016年01月29日发表在 行情 分类下, 你可以发表评论,并在保留原文地址及作者的情况下引用到你的网站或博客。
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