Daily Bitcoin Price Analysis: Bitcoin Is Temporarily Stable Waiting For Active Players
Yesterday the pair BTC:USD was trading in a sideways trend of $428 - $433. The price has reached a top of $433, thus forming an ascending triangle. But there was not enough effort to move up. The market froze in uncertainty. Both the bullish trend and bearish trend are now possible. A breakthrough by one of the parties would mean a shift in the price of at least $20, up to $455 or down to $410. The reason for this is the strengthened position of the US Dollar in recent days, which today is in high demand among players. Yesterday, the Dollar again showed a strong position on foreign....
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Bitcoin daily active addresses are on the rise. This has followed the uptick in price after the market crash. As time has gone on and the price has been down for a while, investors are taking this to be a time where they can stock up on the digital asset for cheap. This has led to a high number of daily addresses, and this has continued, indicating that there are bigger things to come. 1 Million Active Addresses In Three Days On-chain analysis firm Santiment recently published a report detailing the number of bitcoin daily active addresses. This number had seen a significant uptick this....
Many times, our readers ask why we use technical analysis for a volatile asset such as Bitcoin. There have been several instances when my price predictions based on technical analysis have gone horribly wrong. But I must admit that it is not exactly a cakewalk to anticipate the future price movements of a security which is yet to be tagged as ‘stable.’ In this article, I will discuss all the factors that deeply affect the action in Bitcoin markets, and why trading with technicals is a tough job for price analysts. China Drives the Bitcoin Market – In March 2015, Goldman Sachs revealed in a....
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....
As we suggested yesterday, the Bitcoin price made an attempt to test the level of $400. However, at that point the sellers have taken a desperate resistance, the cost has decreased by ten points and fixed at $390. The psychological goal to take the $400 mark was managed, but it has no foothold. The players have a desire to take profits and exchange their wealth from Bitcoin to Dollar. However, the upward trend for the Bitcoin remains active, while the corridor of confrontation rises higher. December 8th, today, the level of support is allocated at $380 and $370, while the resistance level....