Bitcoin Price Retesting the Lows
Bitcoin Price has been making a slight advance for the past few hours after falling to near its recent lows during muted Sunday trade. CCN seeks to examine this trend and provide you with actionable Bitcoin Price analysis. Bitcoin Price Analysis. Time of analysis: 14h00 UTC. Christmas Season. Bitstamp Daily Chart. Yesterday's daily chart is augmented here with an additional Fib fan drawn from the June 2014 high. Fib fan lines often exert their influence for as long as price action remains in their path. The November high touched the .382 fan line before falling away, and it may be that we....
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Bitcoin (BTC) is retesting a crucial support area after its price slid 5% from the recent highs and fell below the $90,000 barrier. Some analysts have suggested that the cryptocurrency’s structure remains intact, but warned that it must bounce quickly or risk retesting the November lows. Related Reading: XRP ETFs Record 13-Day Streak As SOL Funds See Largest Outflows Since Launch Bitcoin Retests $88,000 After Rejection On Friday, Bitcoin lost the recently reclaimed $90,000 level, falling to a key support area before stabilizing. The flagship crypto has been attempting to recover from the....
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....
Bitcoin (BTC) began the week dropping nearly 10% from the recent highs and retesting the $84,000 area before bouncing. As price risks more downside with early bear market signals, a market observer suggested that the upcoming weeks will be crucial for BTC’s future path. Related Reading: Zcash (ZEC) Leads Market Pullback With 24% Drop, Analysts Warn Of Another Crash Ahead Bitcoin Holds Key Weekly Range Last week, Bitcoin led the brief market recovery, surging from its seven-month low of $80,600 toward the $93,000 area, retesting a key weekly re-accumulation range between these two levels.....
Bitcoin is once again facing critical conditions, with the price retesting the range lows near $110,000 following a volatile and uncertain weekend. After Friday’s massive crash, which wiped out billions in leveraged positions, bulls are struggling to regain control and establish a stable recovery. The broader market remains cautious, as traders weigh whether the current […]
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....