Bitcoin Price Falters: Just a Correction?
We have seen quite a lot of bullish action in the bitcoin price throughout the end of the weekend and during Monday's session, and - in our twice-daily bitcoin price watch piece that we published yesterday evening - we suggested that if a fundamentally driven market sentiment (based on what is happening in Greece) can continue to keep hold of asset prices, there could be further bullish momentum to come. As it happens, having reached highs yesterday just shy of 280 flat, with seen something of a medium-term correction in the bitcoin price, and lost about $10 throughout the Asian session.....
Related News
The cryptocurrency dropped as low as $15,750, having hit highs over $16,300 in the Asian trading hours.
Uniswap's week-old governance token is outperforming more established cryptocurrencies Wednesday.
Ethereum has been closely tracking the price action seen by Bitcoin and other major altcoins, but it has been able to dodge seeing any intense decline overnight Although it did plunge as low as $530, the cryptocurrency’s support at this level sparked a “V-shaped” recovery that allowed it to surge up towards the upper-$500 region […]
Bitcoin price correction started yesterday after we spotted a "Bearish engulfing" candlestick pattern on the 4 hour (BTC/USD) charts throughout yesterday's analysis. Price correction pulled the price all the way down to $390, but thereafter we started spotting signs that signaled cessation of the downside price correction attempt. Price Correction Slowing Down on 4 Hour Charts: By analyzing the 4 hour (BTC/USD) charts from Bitstamp; executing Bollinger Bands and keeping the 38.2%, 50% and 61.8% Fibonacci retracement levels we plotted during our analysis on the 2nd of November, we can....
Ethereum price is back in the bullish zone after a mild correction against the US Dollar, and it looks like ETH/USD may break $10.65 soon. Key Highlights. ETH price gained pace after a correction towards the $10.35 support against the US Dollar. This week’s highlighted connecting resistance trend line on the hourly chart of ETH/USD (data feed via SimpleFX) is still acting as a resistance near $10.65. The price may once again correct a few points down before making an attempt to break $10.65. Ethereum Price Resistance. There was a minor correction initiated in ETH price against the US....