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Bitcoin analysis: What is next for the price of Bitcoin?

Bitcoin analysis for today is carried out on a 4 hour timeframe, showing price action from June 18 to current date.

Btcusd chart, Bitcoin chart prediction, Bitcoin price prediction today

The spike in the price of Bitcoin from ~$6,251.90 to $7,788.00 has been followed by a retracement in price action with a new low of $6,242.10 registered on October 31, 2018.

Lack of bullish momentum resulting in the resumption of an uptrend implies that price action is back to a ranging environment or market. The sideways price action from August 14, 2018 to date is captured in this Bitcoin analysis using a price channel.

The width of the channel is therefore highly valuable in determining a minimum projection for the price of Bitcoin on an eventual breakout….bullish or bearish.

Interested in Zcash analysis (ZECUSD)? Check out our previous work here. Moreover,  GBP CHF analysis can be found here.

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6 thoughts on “Bitcoin analysis: What is next for the price of Bitcoin?

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  2. […] in Bitcoin analysis (BTCUSD)? Check out our previous work here. Moreover,  XRP analysis (Ripple) can be […]

  3. […] in Bitcoin analysis (BTCUSD)? Check out our previous work here. Moreover,  XRP analysis (Ripple) can be […]

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  6. […] Previous post concerning what was next for Bitcoin can be found here. […]

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