Published On: Thu, Jan 4th, 2018

Bitcoin Price Analysis: Bitcoin Poised for a Potentially Large Market Move

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Over the last month, bitcoin has seen large swings in price as the bulls scramble to call the bottom and the bears scramble to call the top of the market. The market saw a 50% retracement a few weeks ago, leading the bullish investors to “buy the dip” only to see it quickly top out and retrace again. Volatility is no stranger to bitcoin and the swings have been violent:Figure 1: BTC-USD, 2-Hour Candles, Macro Trading RangeZooming out, we can see the market has been bound within a trading range. Continuing from our previous discussions about the potential of …

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