Bitcoin Price Analysis: Advance To Proceed Slowly
The Bitcoin price is consolidating below $400. Trend has achieved a several confirmations of advance and some others are yet to be printed in the chart. We consider the outlook for the week and also look at other key indicators. Global Economy. Bitcoin Price Analysis. Summary. Comments. Global Economy. An important week ahead in the economic calendar. Inflation figures for Australia, New Zealand and the US will be released, as well as, GDP data for China and the UK. Several manufacturing measures (China, Germany and the US) will weigh on the general view that a global slowdown has begun.....
Related News
Bitcoin Price advance has held above $300 and is currently trading around the levels discussed in yesterday's analysis. To strengthen the case for advance price must now proceed to $360. The details of the 30,000 BTC sell order placed below market value have some interesting implications that are considered in today's analysis. Bitcoin Price Holding Steady. Time of analysis: 13h00 UTC. The following Bitstamp 4-hour chart shows Bitcoin price action around the $333 level that is currently the location of the 20-period moving average. The pre-condition for advance has not changed: price needs....
Bitcoin price is slowly drawing sideways as the market adjusts to the prospect of advance. The mood is cautious but here and there a price spike to the upside reveals that the bulls are rearing to go in the weeks to come. 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: 14h40 UTC. BTC-China 15-Minute Chart. The wave up since $210 has been retraced to 38% and although 62% (or up to 99%) retracement is still possible for this wave to constitute an advance, even a drop to $200 would keep the prospect....
The Bitcoin price correction from the recent high continues and may not yield the quick return to advance we've seen during the past three days. The larger degree correction seems to require more time (as opposed to greater retracement depth) before another leg of advance can begin. This analysis is provided by xbt.social with a 3 hour delay. Read the full analysis here. Bitcoin Price Analysis. Time of analysis: 16h12 UTC. Bitfinex 1-Hour Chart. From the analysis pages of xbt.social, earlier today: The move down from the high appears to be an ABC correction that is looking for support....
Bitcoin price was sold down strongly in the last wave of correction prior to the advance on $300. Bitcoin value received a boost from unexpected quarters when it was revealed that the Fed and IBM want to "copy" the Bitcoin concept. 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 Value and Price Analysis. Time of analysis: 14h47 UTC. Bitfinex 15-Minute Chart. From the analysis pages of xbt.social, earlier today: Price is advancing from today's low and has made a higher....
Bitcoin price made a full retracement of the week’s advance and seems to be finding support at the base of the prior advance. By late yesterday, price had returned to the level from which this week’s advance had launched. Just prior to this report, the market again again tested this level at 2500 CNY and $380 ($375 in some exchange charts). Without acting on such anticipation, we might see a reversal here – back to a temporary advance and later returning to this very same level being established as a new support floor near $380 and 2500 CNY. The price pattern is reminiscent of a similar....