Bitcoin Price Drop Stays Above Chart Support

Bitcoin Price Drop Stays Above Chart Support

Bitcoin price dropped sharply today as apparent nervous profit taking took hold. Price remained above critical 4-hour chart support in the form of the 200-period moving average. 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: 16h59 UTC. Bitfinex 15-Minute Chart. Why The Preference For BTC-China Charts In Analysis? From the analysis pages of xbt.social, earlier today: The sell-off was unexpected, but then, it is an ABC correction that....


Related News

Bitcoin Price to Rocket Past $500 by End of December?

Key Highlights. Bitcoin's price is forming an interesting bullish structure, which is pointing towards more gains in the near term. There is a support trend line formed on the 4-hour chart (data feed from HitBTC), which may act as a catalyst for an upside move. A short-term breakout pattern (triangle) is forming on the hourly chart (data feed from Bitstamp). Bitcoin's price looks set for an upside move, maybe above $500 if buyers remain in control, and if the price stays above a support trend line on H4. Buy Dips? Bitcoin's price-after trading towards $300-started a new bullish trend, and....

Bitcoin Price Technical Analysis for 15/2/2015 - Out of the Blue!

Bitcoin price dropped today to a low of $228.45. It seems that the buying power of the market didn't succeed in maintaining the price above the $256 support level for a long time. By looking at the 1 hour Bitfinex (BTC/USD) chart from tradingview.com and plotting the 20 day EMA on top of the chart, we can see how bitcoin price exhibited a rather steep drop from $268.34 to around $228.45 today. The bearish wave seems to be gaining strength as shown by the 7 successive red bearish candlesticks on the 1 hour chart. Also, the price has been trading below the 20 day EMA during most of today's....

Bitcoin Value Capitulates - Bitcoin Price Back Above $200

The sky did not fall on Bitcoin price and during early trade the price was trading above $200 after a ferocious drop to near-$150 in the first half of the week. This analysis is provided by xbt.social with a 3 hour delay. Read the full analysis here. Bitcoin Value and Bitcoin Price Analysis. Time of analysis: 15h00 UTC. Bitstamp Daily Chart. Yesterday's Bitstamp chart shows the cataclysmic drop to a support shelf at $160. Price spiked below, but the final declining candle closed and reopened right on the Fib fan line drawn from the all-time high. That price is honoring this line means that....

Bitcoin Price Technical Analysis for 10/2/2015 - Code: $220

Bitcoin price fell slightly below the $220 support level to score a low of $214 before rising up again to $221.71 at the time of my writing of this article. Bitcoin price overshot below the $220 support level; yet, it rapidly corrected itself to rise above $220 during later trading sessions. By looking through the 1 hour (BTC/USD) Bitfinex charts fromtradingview.com (look at the below chart), we can notice how the price dropped to $214 yet the downtrend was reversed a few hours later and pushed the price above the $220 support level. As shown on the below chart, we can see how bitcoin....

Ethereum Price Technical Analysis – Next Leg Higher Underway?

Ethereum price after completing a correction phase started to gain bids once again, which may push ETH/USD towards $15.00 in the short term. Key Highlights. Ethereum price after correcting a few points vs the US Dollar found support and moved higher once again. There is a bullish trend line formed on the hourly chart (data feed via Kraken) of ETH/USD, which is acting as a support for the price. It looks like the price may test the last swing high of $14.88 one more time if the current trend stays intact. Ethereum Price Support. Ethereum price ETH traded as high as $14.88 this....

Quotes

Bitcoin is an implementation of Wei Dai’s b-money proposal on Cypherpunks in 1998 and Nick Szabo’s Bitgold proposal.

Satoshi Nakamoto, Bitcoin Developer