{"id":12459,"date":"2015-02-12T18:32:31","date_gmt":"2015-02-12T23:32:31","guid":{"rendered":"https:\/\/wncen.com\/?p=12459"},"modified":"2024-06-11T12:55:27","modified_gmt":"2024-06-11T12:55:27","slug":"bitcoin-price-technical-analysis-1222015-crossroads-ahead","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/bitcoin-price-technical-analysis-1222015-crossroads-ahead\/","title":{"rendered":"Bitcoin Price Technical Analysis for 12\/2\/2015 \u2013 Crossroads Ahead"},"content":{"rendered":"

During most of today’s trading session, bitcoin price has been rising. Bitcoin price is trading over $222 at the time of the writing of this analysis, and is expected to rise even more.<\/p>\n

By studying the 1 hour Bitfinex (BTC\/USD) charts from tradingview.com<\/a>, we can notice that bitcoin price started the day by trading around $219, igniting another overshoot below the $220 support level which was later on corrected, as we predicted yesterday<\/a>., The price rose up to score a high of $23.06 later on. As the price has just risen above $220, the probability of a further rise remains high, especially since the price has been moving above the 10 day EMA during many of today’s trading sessions. In my opinion, if bitcoin price rises above $225 during the next few hours, we can see it reach the $256 resistance level during another 2-4 hours.<\/p>\n

\"bitcoin<\/a><\/p>\n

By studying the 4 hour Bitfinex (BTC\/USD) chart from tradingview.com and plotting the William’s Alligator indicator and the Vortex Indicator (VI), we can notice the following:<\/p>\n