Bitcoin Analysis, New Moon and China Deploys Destroyer
Yesterday's in-depth analysis identified a Bitcoin price channel that forecasts a potential decline low near $200. This low is not a foregone conclusion but remains a potential target as long as price remains below the critical trendline that has provided long-term support and resistance since early 2012. Weekly Bitcoin Price Channel. Here is the weekly BTC-China chart that was presented in yesterday's longer-term analysis: The red dot indicates where price had initially bounced upwards from the critical line of support (red dotted trendline). During last week's sell-off the trendline was....
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Today is a rare full moon called the Super Flower Moon that also happens to coincide with a total lunar eclipse that gives the moon a crimson color. For the most part, this should have no impact on Bitcoin, however, after seeing a moon phase chart its impossible not to notice at least some correlation […]
Bitcoin price crossed above resistance this week and is now straining to make a new high. Upside may continue but the indicators say the bulls may only have resources for one or two more highs. 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: 14h06 UTC. BTC-China 1-Hour Chart. From the analysis pages of xbt.social, earlier today: The current upside wave is running out of time. It may still push to $260 and 1700 CNY but, eventually, it....
The fear and uncertainty being generated by the Fed's inability to put its head on a block about how much and when, is sending the gold and bitcoin price rallies to the super full moon. 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: 15h20 UTC. BTC-China 15-Minute Chart. From the analysis pages of xbt.social, earlier today: So far so good on our entry into this wave. The 1-hour chart did not give a clear entry signal, but the 15min....
After a short stint below $50,000, Bitcoin price is back on its way higher, already reclaiming as high as $53,000 and then some. Also tonight, there is a rare full “pink” moon in Scorpio – signaling powerful change in process currently and possibly ahead. Whether you believe in the impact of astrology or not, the moon […]
Bitcoin’s breakout – if it can manage to break through the $25,000 resistance – could send several new altcoins to the moon given their low market cap. Let’s examine them in detail to find out their potential. 3 New Cryptos set to go to the Moon 1. Battle Infinity Battle Infinity is a hot new […]