Daily Bitcoin Price Analysis: Bitcoin In A Trend
As we expected, on Christmas Eve the Bitcoin price got in a narrow corridor of $449 - $455. Today is a holiday and there will be limited trading. Also no news that could affect the price of the Dollar is expected. Therefore, today December 25, we expect that the price of Bitcoin will remain in the corridor of $445 - $465. The resistance level is $465 and the support level is $440. As we can see, the latest positive macroeconomic statistics from the US gave the Dollar a support only for a limited time. Then again, the Dollar came under pressure and decreased against other currencies,....
Related News
Key Highlights. The Dogecoin price daily chart clearly suggests that the price is under heavy bearish pressure and it is likely continue moving lower. There is a monster bearish trend line on the daily timeframe chart with resistance around 40.0. The daily MACD is under a minor divergence, which means there is a possibility of a short-term correction. Dogecoin price may correct higher moving ahead, but if we look at the big picture, then it is quite clear that the price is in a downtrend. 40.0 Satoshis as Sell Zone? We highlighted many times during the past couple of weeks that the....
Bitcoin Price has been making a slight advance for the past few hours after falling to near its recent lows during muted Sunday trade. CCN seeks to examine this trend and provide you with actionable Bitcoin Price analysis. Bitcoin Price Analysis. Time of analysis: 14h00 UTC. Christmas Season. Bitstamp Daily Chart. Yesterday's daily chart is augmented here with an additional Fib fan drawn from the June 2014 high. Fib fan lines often exert their influence for as long as price action remains in their path. The November high touched the .382 fan line before falling away, and it may be that we....
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....
The Bitcoin price has recently shown signs of recovery, climbing back to the $58,000 level after hitting a five-month low of $53,500. However, technical analysis suggests that the digital asset may struggle to surpass crucial indicators, potentially revisiting lower price levels. In a recent post on social media platform X (formerly Twitter), market expert Jackis highlights the bearish D1 trend indicator on the 12-hour chart, indicating the need for Bitcoin to reclaim the $64,000 zone to reverse the prevailing bearish daily trend. Despite this cautionary outlook, there are encouraging....
Ethereum price is showing a lot of bullish signs versus the US dollar on the daily chart, but there is a warning as well. Read in detail to know more. Key Highlights. Ethereum price moved higher recently against the US Dollar and traded above the $12.00 resistance area If we look at the daily chart of the ETH/USD, then there was a break above a bearish trend line (data feed via Kraken) of ETH/USD. The best part is the fact that the price is above the 100-day simple moving average, which is a positive sign for the long term traders. Ethereum Price – Double Top or Upside Move? Ethereum price....