Bitcoin Price Analysis: A Big Move Looks Imminent (Week of May 17)
Price at the time this article was written is: US$235.69. Last week the article began with: “The indicators continue to remain in neutral territory. This move still appears to have limited upside and appears to be topping out as volume and momentum have not followed the price higher and many of the indicators have flattened out. This continues to be the case. The price had a move to break nicely above the 50 day EMA but could not hold and has since retracted. The trading range continues to get tighter and a move should be expected very soon one way or the other.
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Both Bitcoin's technicals and analysis of on-chain indicators are "wildly bullish," says Vailshire Capital Management, with BTC/USD reaching three-day highs. A fresh Bitcoin (BTC) breakout is "imminent" and most likely to the upside, hedge fund Vailshire Capital Management says.In a tweet on Jan. 19, Jeff Ross, the firm's founder and CEO, described the outlook for BTC performance as "wildly bullish."Vailshire Capital 'steadfastly long' BTCUsing a combination of on-chain metrics and macro insight, Ross highlighted an upcoming end to the ranging and conolidation seen in the Bitcoin price....
Bitcoin Trading has price moving sideways as both bulls and bears consolidate for the inevitable move into strong overhead chart resistance. This analysis is provided by xbt.social with a 3 hour delay. Read the full analysis here. Bitcoin Trading and Price Analysis. Time of analysis: 16h46 UTC. BTC-China 15-Minute Chart. From the analysis pages of xbt.social, earlier today: In the absence of significant developments in the chart, a review of price action over the past months confirms that our outlook is on track. A zoomed out view of the 15-minute BTC-China chart shows the interaction of....