Daily Bitcoin Price Analysis: Buyers are Confident in the Bitcoin Price Growth
By the end of the last week the BTC/USD pair has shown a steady price growth. On November 26th, 2015, the bearish trend retreated under the pressure from Bitcoin buyers, and the BTC/USD pair is currently trading at the level of $376. Given the statistics for November, the US dollar price tends to strengthen, therefore, it has the potential to roll the Bitcoin price back to $350. After that a new impetus is expected to push Bitcoin to around $380-$400. To date, the support level for Bitcoin price is at around $340, while the resistance level is $400.
Related News
Following ten months of downtrend and a decline low of $275 the price of Bitcoin is back above $400 and advancing steadily. CCN has been following the decline on a daily basis and our analysis called the bottom at $275 last Sunday. Be sure to stay tuned to CCN for blow-by-blow Bitcoin price analysis and daily target updates. The Bitcoin price's return above $400 is a sign that traders are confident in Bitcoin again. The advance from $275 looked like it would inevitably turn down - as it had on so many previous occasions during the decline. However, last night price touch the critical $400....
Filecoin (FIL) has recently shown significant strength against tether (USDT) as the price prepares for a rally to the $8 mark. Despite showing some strength occasionally, the price of Bitcoin (BTC) remains volatile as this has affected FIL. Filecoin (FIL) has struggled to break through the $5 barrier, but it may now be poised to do so. (Data from Binance) Related Reading: A Date For The Mt. Gox Repayment Is Set, How Will This Affect Bitcoin? Filecoin (FIL) Price Analysis On The Weekly Chart FIL prices have dropped from around $240 to $4, with the price struggling to stay afloat during the....
Axie Infinity (AXS) has recently shown significant strength against tether (USDT) as the price prepares for a rally to the $20 mark. Bitcoin’s (BTC) price continues to fluctuate, despite occasional surges. The price of Axie Infinity (AXS) has been difficult to break above $15, but it could be set to make the difference.(Data from Binance) Related Reading: Bitcoin (BTC) Must Make It Past This Threshold To Bounce Back Axie Infinity (AXS) Price Analysis On The Weekly Chart AXS’s price has dropped from $70 to $10, and it is even struggling to stay afloat during the bear season.....
During the Asian session, the Bitcoin price strengthened to $452. And this happens while we receive positive macroeconomic statistics from the US. Moreover, other currencies also grow against the Dollar. These facts suggest the activity of a large number of buyers, both in Bitcoin and other currencies, and that buyers are so optimistic that this overcomes the resistance of the Dollar. This suggests that in the short term, the Bitcoin price could resume growing. Today we expect the publication of the data on initial applications for unemployment benefits, but this shouldn’t affect the....
Key Highlights. There are a couple of monster bearish trend lines on the daily timeframe chart of Dogecoin price, which are preventing buyers to take the price higher (price feed from HitBTC). There were many attempts made to clear the highlighted trend line and resistance area, but sellers managed to defend the upside successfully. The breakout pattern on the 30-mins chart (price feed from CEX. IO) is still due that can cause some action moving ahead. Dogecoin price is attempting to trade higher and break all shackles, but the resistance around 40-45.0 Satoshis is preventing gains.....