Daily Bitcoin Price Analysis: Bitcoin Is Waiting For A New Impetus
Monday, January 25 2016, Bitcoin price began at the level of $397. Last Friday, due to higher raw material prices, we saw an uptrend in the stock and commodity markets that reversed the downtrend after the collapse of 20 January 2016. Moreover, on Friday the trend went up on profitable currency cross-rates. For this reason, today, January 25 2016, we should expect a continuation of the uptrend in global markets. By the end of last week, Bitcoin price moved to $380, but later it strengthened to $400 on the weekend. We see no fundamental reasons for a further reduction of Bitcoin. However,....
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Today's article features a Bitcoin trading advisory published at xbt.social. The currency pair you trade (BTC/USD, BTC/CNY, etc) does not need to be a habit or a consequence of nationality, but a decision you review at least once a year. Bitcoin makes it easy to change your instruments and broker/exchange. 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: 14h00 UTC. Bitfinex 15-Minute Chart. From the analysis pages of xbt.social, earlier....
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.
Bitcoin price made a new corrective low today of $239 in the Bitfinex chart although the BTC-China low of 1489 CNY made on the weekend remains intact. Price is currently pushing higher - away from the day's low. 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: 16h58 UTC. From the analysis pages of xbt.social, earlier today: Massive orders are building up just below $240, so it is possible that price could bounce at this level to return....
Bitcoin price has bounced from yesterday's low and exuberant buying is trading price higher. For now the indications are that price is advancing in a correction - a bull trap. 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: 15h00 UTC. Bitfinex 1-Hour Chart. From the analysis pages of xbt.social, earlier today: The wave up has reached our expected target but we now face a dilemma: The last hour's candle closed above our designated....
Bitcoin Price is still trading sideways without making a new intraday high or low. We consider some longer term chart analysis while waiting for the Bitcoin price to take direction. Bitcoin Price Analysis. Time of analysis: 13h00 UTC. Christmas Season. Bitstamp 4-Hour Chart. A look at the 4-hour chart shows few signs of what price action may be up to. The lack of a higher high or lower low on the intraday chart requires us to wait for more clarity. Interesting, on this chart, is that the Bitcoin price shows little regard for the Fib fan lines once it embarks on an advance (left of chart).....