What Happened To The Bitcoin Price Decline?
The Bitcoin price hit $397.75 during the US trading session yesterday and has since retraced to $380. Trade has slipped back below the 20-period moving average on the 4-hour chart and downside looms... but where is it? Bitcoin Price Decline Doesn't Want to Play. The 15-minute Bitstamp chart shows the upward curve of price action as it advanced toward $400. The wave high was $397.75 which is slightly below the $398 target defined by the 1.618 Fib extension of the initial wave of advance. However, drawing Fibonacci extensions from the first subwave of the advancing wave yields wave divisions....
Related News
NFT sales decline significantly in the first half of 2022. Most of the decline had actually happened in about three months, causing about a 95% decline from all-time highs that were recorded at the beginning of the year. Even now, the NFT sales remain low in comparison to the recorded numbers for last year. However, […]
Bitcoin price made another low to near $280 (Bitfinex) and 1750 CNY (BTC-China) during the late Friday US session. Questions about the direction of trend abound and xbt.social makes the case that advance above $300 will soon resume. 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: 14h42 UTC. BTC-China 1-Day Chart. From the analysis pages of xbt.social, earlier today: Prudent traders will have been stopped out at a profit during the last....
2014 has not proven to be a good year for the Bitcoin price and the people who started the year looking to increase their capital gains by holding Bitcoin. Before the Mt. Gox meltdown, prices were above $1000 and still looking to rise. The morale was high, and Bitcoin holders were happier than ever; all the way to the bank. Then the infamous crash happened, and the price saw an immediate tumble downwards. It recovered slightly into the $600 range, although the hearts of those that lost may not have fully healed, but has been in a steady, disparaging decline. The price dipped below $400....
Bitcoin Price has dropped to a new decline low in a fierce sell-off across exchanges. During the overlap of the late US and early Asian trading session price began falling from levels in the high $260s (1,670 CNY) to the low $250s (1,508 CNY) within an hour. At the time of writing the average USD price is $230 and BTC-China is at 1,420 CNY. This analysis is provided by xbt.social with a 3 hour delay. Read the full analysis here. Bitcoin Price Analysis. Time of analysis: 12h00 UTC. BitFinex 4-Hourly Chart. By 12h00 UTC, the BitFinex chart had made its way to the bottom the Fib channel and....
Bitcoin price slipped over the edge during weekend trade. Analysis looks at the basic chart indications and potential decline targets. The 4-hour Bistamp chart shows that the market sold price straight through $640 support, from where price has been slowly selling-off toward $600 and 4000 CNY. Although 4hr MACD signals Sunday morning’s decline (magenta circle), the stochastics (top panel) are grouping at their minimum, while RSI has achieved a previous lower low (horizontal blue annotation). The stochastic and RSI indications imply that price may need to correct when decline to $600 has....