Bitcoin Price Analysis - Hints of a New Uptrend Still Dubious
Bitcoin price analysis provides some evidence that a new uptrend may be in effect. However, recent price action does not show the impulsive surge that normally follows a trend change. The analysis below lays out the evidence on the chart and forecasts the likely paths price may take. Brief. Since reversing from its low at $442 (Bitstamp) price has climbed above, and maintained, a mean price above $500. Even so, price action to the upside has been limp, and volume of trade has been lower than similar junctures in the past. Overall it would appear that downside is incomplete with the decline....
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A mix of on-chain, fundamental and technical indicators hints at a big XRP price rally in the works. XRP XRP has made considerable gains over the past month as traders continue to shower confidence on Ripple's legal win against the U.S. Securities and Exchange Commission (SEC).For instance, XRP price has gained 25% thirty days after Ripple and the SEC filed for an immediate ruling on whether or not XRP sales violated U.S. securities laws. In comparison, Bitcoin BTC and Ether ETH are down 4% and 11% over the same period, respectively.XRP/USD versus BTC/USD and ETH/USD daily price chart.....
Bitcoin price had fallen away from a resistance level near $250 and 1600 CNY yesterday, and earlier today overshot to the downside by breaching two support levels near $245 and 1573 CNY. At the time of writing, price has returned to the upside and the market must now decide which way. 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: 07h27 UTC. BTC-China 1-Hour Chart. From the analysis pages of xbt.social, earlier today: An hourly candle....
Bitcoin price achieved a new high for this year, last week. The correction over the weekend looked to be a potential reversal of the uptrend, but after a relatively shallow retracement the uptrend appears to have resumed. 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: 16h22 UTC. BTC-China 1-Hour Chart. From the analysis pages of xbt.social, earlier today: Judging by previous corrections during this advance, once price climbs to the....
Solana (SOL) price has locked its sights on the goal from day one. Solana’s price is extremely bullish Price spiked aggressively to $47 SOL/USD pair key resistance spotted at $49.5 Evidence to that, SOL price has behaved extremely bullish as the price surged to $47. The bulls have been consistent with orchestrating an uptrend for a couple of days now. Related Reading: Monero (XMR) Climbs Over 7% Before Weekend Hard Fork Solana Showing Uptrend Signals Despite Correction In fact, due to stubborn resistance, the price of SOL spiked to $48.4 early yesterday. It was apparently a....