Bitcoin prices are feeling the pull bitcoin 3 day charter gravity today, amid solid gains across many alternative cryptocurrencies. How Can I Buy Bitcoin?
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That said, the downside in BTC could be limited, as most major alternative currencies have clocked new lifetime highs in the last 24 hours, and it’s possible that investors may take their profits in alternative currencies and channel part of that new money back into bitcoin. Even so, the price chart analysis calls for a quick progression in prices, or bulls risk losing control. A weak close today would confirm the bearish RSI divergence. The 5-day MA and 10-day MA are curled up in favor of the bulls. 17,500 in the next 12 hours. Furthermore, a pullback in alternative currencies could take the pressure off bitcoin.