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....
Dogecoin’s price is entering a new bullish phase after months of decline. Technical analysis of the daily candlestick timeframe chart shows that the popular meme cryptocurrency is flashing a trend reversal, hinting at a significant shift from bearish to bullish momentum. Analyst Flags Daily Trend Reversal On Dogecoin Chart A prominent crypto analyst known as Trader Tardigrade has highlighted a confirmed trend reversal for Dogecoin. In a post on X (formerly Twitter) this week, he pointed out that DOGE’s daily chart has flipped from a downtrend to an uptrend. This claim is reinforced....
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....
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)....