Bitcoin Value Capitulates - Bitcoin Price Back Above $200
The sky did not fall on Bitcoin price and during early trade the price was trading above $200 after a ferocious drop to near-$150 in the first half of the week. This analysis is provided by xbt.social with a 3 hour delay. Read the full analysis here. Bitcoin Value and Bitcoin Price Analysis. Time of analysis: 15h00 UTC. Bitstamp Daily Chart. Yesterday's Bitstamp chart shows the cataclysmic drop to a support shelf at $160. Price spiked below, but the final declining candle closed and reopened right on the Fib fan line drawn from the all-time high. That price is honoring this line means that....
Related News
In this morning's Bitcoin price watch piece, we highlighted the levels we were looking at in the Bitcoin price for today's session, and suggested we would look to get in on any breakout volatility-dependent upon whether the action allowed us to maintain a positive risk/reward profile. Action has now matured, and as we head into tonight's Asian session, what are the levels we are looking at this evening, and how can we look to get in and out of the markets according to our intraday strategy? As ever, take a glance at the below chart to kick things off, and to gain a little insight into how....
Bitcoin price is down, trading at a new yearly low, but what are the primary reasons behind the most recent decline? After topping the $21,500 mark on Nov. 4, Bitcoin (BTC) price is down by 14% on Nov. 8, reaching a new yearly low at $17,166 — and most altcoins are following suit. While the Binance and FTX news initially caused an uptick in the market, the day turned south as various unconfirmed sources speculated that FTX’s losses could show a $6 billion deficit. This price decline breaks Bitcoin’s short-term correlation to the stock market, with the tech-heavy Nasdaq down only 0.32%,....
In Tesla CEO Elon Musk’s latest on Bitcoin, he said the company will resume bitcoin payments once the mining industry gets greener.
The creator of Ruby on Rails says the situation in Canada is “terrifying” and “a real wakeup call.” He admits that he was wrong about bitcoin and cryptocurrency. “A few months ago, I would not have found it credible if you said a three-week peaceful protest in Canada could have led to martial law, frozen bank accounts, and terrorist-financing laws being used to hunt protest donors,” he stressed.
‘I Was Wrong, We Need Crypto’
The creator of Ruby on Rails, David Heinemeier Hansson (DHH), has admitted that he was wrong....
Bitcoin price action has been slow during quiet Sunday trade. The bears continue preferring to place orders below price, rather than pro-actively trading the market. Upside is becoming strained but may continue grinding higher until more participation, on Monday, capitulates the bearish chart technicals. The different exchange charts are starting to diverge in their alignments and indications. The Bitstamp chart is not as bearish as the CNY charts and others, so let’s read it: The 1hr chart shows that the stochastics have now grouped at their upper extreme. MACD has not yet touched its....