Daily Bitcoin Price Analysis: How Far Will A Bullish Trend Go?
The Bitcoin price has overcome the level of $450 and reached a top of $460 recently. Bitcoin is growing the second day in a row. But what caused this growth? As it began yesterday the indices halted trading on the stock exchanges of Shanghai and Shenzhen. This is not the first time when a sharp decline in the value of shares has stopped trading on the stock markets in China. The reason was a substantial decline in exports, which entails a decrease in the index of Shanghai Composite, which since mid-June 2015 has lost 35%. Despite the measures taken by the Chinese authorities to influence....
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Bitcoin price surged high further as forecasted in the last weekly analysis of BTC/USD. Now can the pair trade towards the $750 level this upcoming week? Key Points. Bitcoin price gained a lot of traction this past week versus the US Dollar, and traded higher above $700. There is a monster bullish trend line formed on the daily chart (data feed from SimpleFX) of BTC/USD, which acted as a catalyst for an upside move. If the current momentum continues, there is a chance of a move towards $750. Bitcoin Price Upside Surge. In the last week analysis, I mentioned that Bitcoin price is in an....
Bitcoin price is gaining momentum as the daily chart of BTC/USD looks positive. Can BTC retain strength to break the $600 handle? Key Points. Bitcoin price enjoyed a decent upside ride against the US Dollar, and it looks poised for more gains. There is a bullish trend line formed on the daily chart (data feed from Bitstamp) of BTC/USD, which is acting as a catalyst for the upside move. If the current technical indicators are correct, there is a chance of BTC/USD breaking $600. Bitcoin Price Eyeing Gains. Bitcoin price grinded higher this past week vs the US Dollar and gained a lot of....
Kusama (KSM) looks bullish on a lower timeframe. Kusama (KSM) price eyes a reclaim of 50 Exponential Moving Average (EMA) on the daily timeframe. Kusama (KSM) price aims to break above 50 EMA in the 4H timeframe. Kusama (KSM) has had a tough time recently but has shown great strength bouncing up in higher and lower timeframe. Kusama (KSM) price has struggled to remain bullish as the price fell from an all-time high of $600 to $38, with the price maintaining a downtrend with little hope of a relief rally or bounce against tether (USDT). (Data from Binance) Related Reading: Aave (AAVE)....
Bitcoin price is showing bullish signs on the lower time frame chart, but the daily chart is pointing towards a crucial break in the near term. Intraday Support Level can be at $374. Intraday Resistance Level may be $380. Bitcoin price remained under a lot of bearish pressure this week, as there was a monster resistance on the daily chart formed. The price continuously found sellers near the 100-day simple moving average (daily chart and data feed from HitBTC). It looks like a solid bearish structure formed on the daily chart, and if sellers gain control, then the price may head lower in....
Ethereum ETH price regained its bullish trend against Tether (USDT) as it builds more strength to break above the key resistance ahead of “The Merge.” ETH price saw a rejection to a region of $1,500 recently as it could not hold its bullish trendline acting as support. (Data from Binance) Related Reading: Shiba Inu Burn Events Spark A Rally In Altcoin Over The Past Weeks Ethereum ETH Price Analysis On The Weekly Chart From the chart, the price of ETH saw its price rejected to a region of $1,540 on the weekly chart as the price was unable to hold $1,700 and the trendline acting....