Bitcoin Trading Sideways Before Pushing Higher

XRP has surprisingly been one of the best performing altcoins throughout the past few days, far surpassing the gains seen by Ethereum over the past month and even outperforming Bitcoin’s gains seen over the past week or two. This comes following a prolonged bout of sideways trading that persisted for over a multi-year period. The […]

Bitcoin price pushed higher from the horizontal support zone near $660. The outlook remains that the market is engaged in a sideways base formation prior to advance. A push higher, today, from the horizontal support in the low $560s. The 4hr chart indicates ongoing consolidation, with MACD compressing and the stochastics (top) very quickly pushing back toward their maximum. We expect price to continue drawing sideways as the 4hr 200MA descends into the area of price – then the surge higher toward $600 and a larger advance – hopefully in the coming days. Price remains above its 1day 200MA....

Bitcoin price has been trading sideways for almost two days and a move appears imminent. At the time of writing a move has begun, but is it real or is it a fake-out? Bitcoin price seems to be gearing up for a move. It is uncertain which way price is going to break. For now it appears to be pushing higher, but this has (recently) been the prequel to a strong decline. If the move higher is real then the next target should be the 1hour 200MA. The initial concern is that the current rise is only corrective and that price may still reverse into another wave of decline. There is no clear....

Bitcoin bulls have taken over the crypto market after weeks of consolidation. The leading cryptocurrency broke past $20,000 a number of hours ago, pushing past this key technical level for the first time. The cryptocurrency now trades for $21,200 after pushing even higher. Bitcoin is up $1,800 during this trading session (since the daily candle […]

Bitcoin trading launched price into a fast-paced corrective advance over the weekend only to lose momentum half-way to its destination. Trade spent its second day in sideways consolidation, today, reflecting uneasy and directionless global market conditions. 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 Trading and Price Analysis. Time of analysis: 15h56 UTC. Bitstamp 1-Day Chart. From the analysis pages of xbt.social, earlier today: Since yesterday morning's (UTC)....