Bitcoin Price Retesting the Lows

Bitcoin price has returned to $450 after retesting this week’s low. Local support is holding and the market has, so far, avoided additional lows. Price fell back to Tuesday’s lows, overnight, but snapped back to the vicinity of $450 during today’s trade. Despite the rejection from upside resistance, price remains in an upward trajectory, as illustrated by the rising channel lines annotated in grey. Since the late-April low, the price chart has printed a series of higher lows. The potential decline targets described in this week’s previous analysis posts, will only become applicable if....

The bitcoin price chart bubbles along just below $700 (Bitstamp) and mood in Bitcoin Land is positive. At the time of writing price is retesting the $680 (Bitstamp) level. The bitcoin price chart is receiving calls for a top at $700 and price is currently testing the critical $680 support and resistance level. As pointed out in yesterday’s longer-term analysis, the $680 level represents the high range of an area of contention (during late 2013 and the first half of 2014) that reaches all the way back down to $600 and 4000CNY. If price penetrates this level then a free-fall zone all the way....

Bitcoin price has fallen below the critical support level currently at $261 and 1624 CNY. Analysis looks at potential downside targets. 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: 05h54 UTC. Bitstamp 1-Hour Chart. From the analysis pages of xbt.social, earlier today: Price is retesting the $261 / 1624 CNY level from below. Analysis stands as per yesterday's last update: Price should correct higher (perhaps to above the green 20MA)....

The Litecoin price has dropped 1.04% against the USD, while tailing the Bitcoin price action which earlier broke below the downside risk level as a part of correction. Litecoin instantly got corrected towards the intraday low near 1.99, and also formed lower lows towards 1.97. The market however picked some upside momentum in last few hours, bringing Litecoin price in a position from where it could retest the channel resistance near 2.02 soon. The technical indicators on a 4H BTC-e chart are indicating a near-term consolidation scenario. As you can notice, the Litecoin price is just a....

Bitcoin Price has fallen away from $250 and 1580 CNY in five waves. There are support levels below price, but will they give way, one-by-one, or will the current rising trendline (from the January low) prevent further decline? 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: 16h59 UTC. BTC-China 1-Hour Chart. From the analysis pages of xbt.social, earlier today: Our Trade Recommendation is now status "Pending". The declining wave had....