Bitcoin is not exactly a poster child for stability. Since our last analysis posted on Friday, bitcoin price has stayed relatively stable over a period of 48 hours. However, the Bitcoin price exhibited a short term downside to go down from the previous day’s $290(s) mark. It fell q few dollars below the predicted $286 mark to close at $283 by the end of Friday.
Technical details (for the past 36 hours)
Over a period of 36 hours that followed the downside, bitcoin has maintained a median price of $284.1. The Bollinger bands for this period has maintained a uniform proximity to the average values showing no signs of increase in volatility. Data from both Bollinger bands and Donchian channel doesn’t indicate any trends of dramatic fluctuation in the future that might cause a drastic drop in the price.
Graph: Bitcoincharts.com