Bitcoin Price Analysis - $590 Support Under Attack
Bitcoin price decline is on the cards again and, with it, the question: "Where will it end?" A week ago, the market-wide sense had been that a consolidation similar to late-May's pre-launch contraction was developing - only to shatter at the last moment. The analysis below (Bitstamp charts throughout) outlines target levels to the downside and considers a wave pattern analysis as pointer to where the market might be heading. Update - Wednesday 30 July. Price has made a new low at $560 by throwing under the purple channel and immediately jumping back inside it. A new channel (blue) has....
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Bitcoin trading saw the bulls make a second unsuccessful attempt on the $380 and 2480 CNY level today. Frustrated, the market sold off to support at $355 and 2300 CNY. 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 Trading and Price Analysis. Time of analysis: 14h30 UTC. Bitstamp 1-Hour Chart. From the analysis pages of xbt.social, earlier today: Price was sold off and found support at the level of the previous consolidation that acted as spring-board for the attack on....
Bitcoin value is holding price above support near $275 and attempts to sell price down have been foiled by strong buying support. Analysis considers market psychology at the current juncture in the chart, as well as potential outcomes. 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: 06h43 UTC. Bitstamp 1-Hour Chart. From the analysis pages of xbt.social, earlier today: The 1-day 20MA is currently located at $274.80 in the Bitstamp chart....
Ethereum price after nosediving towards the $11.80 level found support and currently attempting to recover in the near term. Key Highlights. ETH price collapsed yesterday against the US Dollar due to a reported EXP attack. There was a crucial bullish trend line on the hourly chart (data feed via SimpleFX) of ETH/USD, which managed to protect the downside move. The price is now recovering, and may attempt to settle above the 100 hourly simple moving average. Ethereum Price Support. Yesterday, there was a reported attack, which ignited a sharp downside move in Ethereum price. The ETH/USD....
BTC price at press time: US$288. Last week’s price alert began with: “Price has retreated in the wake of a Greek Deal, a DDOS attack on OKcoin, and a PBOC that is attempting to stabilize the Chinese markets. Over the last few days, price has traded in a tight range below US$280, unable to remain above. The price fell below a few levels identified as support, i.e. US$300, US$289, and US$280. Price continues to consolidate in the wake of the big June run-up. The big test that must hold is ~US$272, which is the 200 day Exponential Moving Average (EMA).” Price went right down to US$272, the....
Bitcoin price has decreased in range and volatility as the XT cult and bitcoin sceptics continue selling hopelessly into the support floor. Without institutional support, the move cannot pull to lower lows. We have to wait for the doldrums to subside on their own. 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: 15h08 UTC. Bitstamp 1-Hour Chart. From the analysis pages of xbt.social, earlier today: Little change in price action and our....