BITCOIN VALUE IN A CORRECTION BELOW $220

Bitcoin value per coin has entered yet another correction as the market shows hesitation to push the price higher.
This analysis is provided by xbt.social with a 3 hour delay. Read the full analysis here.
Bitcoin Value and Price Analysis
Time of analysis: 15h30 UTC
Bitfinex 15-Minute Chart
During the past three days, we have been highlighting the upside resistance in the Bitcoin price chart – shown here in the Bitfinex chart. The level slopes downward through $220 and is acting as a supply level with sellers jumping in as soon as price touches the level.

This post was published at Crypto Coins News on January 19, 2015.