Daily Bitcoin Price Analysis: Price Correction Before Rising
As we warned, Bitcoin’s price against the US Dollar fell, breaking both levels of support $440 and $430. A long-overdue correction and the hesitancy of buyers lowered Bitcoin. Moreover, yesterday the Dollar strengthened its positions against other major currencies. The dramatic collapse of the price to the levels of $445 and $427 occurred during the American session and the beginning of the Asian session. The price of Bitcoin follows the path of least resistance – sellers will try to bring the situation under control and to lower the price to $420. If they succeed, the Bears will open the....
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Bitcoin price continued soaring yesterday to print a high of around $299. The price has been increasing along the new rising trend line we spotted during Sunday's analysis. It seems that we will see bitcoin price exceed $300 within the next 24 hours, especially if the trading volume remains as high as it has been during the past 24 hours. By examining the 1 hour bitfinex (BTC/USD) chart from tradingview.com and plotting the 20, 50 and 100 period EMAs accordingly (look at the below chart), we can conclude the following: Since the beginning of March, bitcoin price has been rising along a new....
Bitcoin price is still pulling back from its recent strong rallies, moving closer to the rising trend line on the daily chart. Bitcoin Price Key Highlights. Bitcoin price is still in correction mode, moving on to the lowest Fib on it daily time frame. Price appears to be finding support at the 61.8% Fibonacci retracement as a long spike formed. If bulls get back in the game, bitcoin price could resume its climb to the swing high at $775. Technical Indicators Signals. The 100 SMA is still above the 200 SMA for now, confirming that the uptrend is likely to carry on. However, RSI and....
Bitcoin Price traded in a narrow range around $260 and 1,600 CNY today. Price has settled on the trendline that has supported advance to date, and the market seems to be anticipating a big move. Update: The price has touched $230 as anticipated as a current low in the trendline. 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: 09h00 UTC. Bitfinex 15-Minute Chart. Analysis quoted from xbt.social: The state of the 15-minute chart has moved closer to our expected Buy trade signal condition. The rising....
Bitcoin price headed higher earlier today, in what looked like a return to advance. However, there is a technical reason to believe that the current price correction is incomplete. This analysis is provided by xbt.social with a 3-hour delay. Read the full analysis here. Not a member? Join now and receive a $29 discount using the code CCN29. Bitcoin Price Analysis. Time of analysis: 14h30 UTC. BTCC 1-Hour Chart. From the analysis pages of xbt.social, earlier today: Price has found support at a long-term support and resistance level (dashed grey). Consolidation may now happen above this....
Ongoing Bitcoin price correction after an advancing wave from $220 to $240. The 15-minute chart's 200MA will soon arrive in the area of price action and catalyze the next price wave. This analysis is provided by xbt.social with a 3 hour delay. Read the full analysis here. Not a member? Join now and receive a $29 discount using the code CCN29. Bitcoin Price Analysis. Time of analysis: 15h00 UTC. BTC-China 15-Minute Chart. Also Read: Why The Preference For BTC-China Charts In Analysis? From the analysis pages of xbt.social, earlier today: A look at the wave count proposed in yesterday's last....