Bitcoin Trading Retesting The Lows Near $200
Bitcoin Price dropped over the edge during yesterday's session, and the slide continued for most of today. Price made the usual stops along the way: 38%, then 50% and then made its way to 62% where the bulls are attempting to stage a comeback. This analysis is provided by xbt.social with a 3 hour delay. Read the full analysis here. Bitcoin Trading and Price Analysis. Time of analysis: 15h00 UTC. Bitfinex 15-Minute Chart. Analysis quoted from xbt.social: The full candle history has been restored at the 15-minute timeframe in Tradingview's chart. Here we can see, for the first time today,....
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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 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 […]
With the odds of a squeeze still high and ample liquidity below recent lows, traders are betting on volatility as 2021 ends. Bitcoin (BTC) recovered from fresh lows on Dec. 30 as markets remained undecided on their end-of-year trajectory.BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView$46,000 may not mark floorData from Cointelegraph Markets Pro and TradingView showed BTC/USD bouncing to $47,731 on Bitstamp, reversing almost all of the previous day's losses.Prior to the Wall St. open, the pair was still above the $47,000 mark, as traders nonetheless warned that choppy BTC price....
On-chain data shows Bitcoin is currently retesting a historically significant level that has often decided the course of the cryptocurrency’s price. Bitcoin Is Retesting The 0.85 Supply Quantile In a new post on X, on-chain analytics firm Glassnode has talked about how Bitcoin is retesting a level that has historically been a “make-or-break” one for the asset. Related Reading: Dogecoin Plunges To $0.18 As Whales Sell 440 Million DOGE The level in question is part of Glassnode’s “Supply Quantiles Cost Basis Model.” The model reflects price levels....