Bitcoin Price Analysis: Is the Bitcoin Price Still Going Down?
Bitcoin price has been consolidating in a range between $525 and $485 during the past week. Daily updates have highlighted the ambiguity of trend. Are we at the start of a new uptrend or is the decline still in force - just pausing before the dive? An infrequent technical event has manifested in the form of a moving average cross-over and, as discussed below, it provides us with a timely canary in the coal mine. New CCN Bitcoin Price Analysis Format. A new schedule for technical analysis reports has been adopted. A weekly in-depth report will be published every Sunday, and provide an....
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xbt.social analysis has been biased to a decline below $240 for the past week. Yesterday, Bitcoin price dipped below this important support level twice before retreating again this morning. Following a pullback, it is anticipated that the market will return price to this level - a break below it implying decline to at least $235. Readers are alerted to a new analysis update schedule: starting today, daily Bitcoin price analysis will be published at the start of the day (UTC). Articles will be updated with major market events, during the course of the day, where appropriate. This analysis....
Bitcoin price was showing signs of topping since yesterday and after a strong push to 3100 CNY and $480 (Bitstamp) price plummeted $100 in some exchanges before recovering during the day. 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: 11h30 UTC. Bitstamp 1-Day Chart. From the analysis pages of xbt.social, earlier today: The analysis below was already written by the time I post this and the price correction has begun. Price has....
Bitcoin price has surged to $250 and 1600 CNY in what can only be described as magnificent price action. No other market instrument can do this and it is a unexpected reminder of the speculative potential in Bitcoin! 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: 16h50 UTC. Bitfinex 1-Day Chart. From the analysis pages of xbt.social, earlier today: Price could achieve the red daily 200MA that has eluded it for months within the coming....
Several days of correction have the Bitcoin price drawing a flatline around $225 and 1400 CNY. Whereas the chart used to give us $20 and $100 moves a month ago, we now see traders pour into $1.50 moves with everything they have. Price may continue consolidation for a while longer. 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: 14h45 UTC. Bitstamp 15-Minute Chart. Why The Preference For BTC-China Charts In Analysis? From the analysis....
The Bitcoin charts have price above a monthly pivot near $237 and 1460 CNY. Trade maintained a sideways price path since a late session drop of $10, yesterday, but as today's session progressed traders are trying an advance. 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: 15h16 UTC. Bitfinex 1-Hour Chart. Why The Preference For BTC-China Charts In Analysis? From the analysis pages of xbt.social, earlier today: If price advances above....