Bitcoin Value Sky-High But Price Trading Near The Lows
Bitcoin Price is again dabbling near the lows. A strong wave to the upside, earlier in the week, was soon retraced. The Bitcoin price chart's technicals imply advance is possible, but market uncertainty is holding back the buyers. This analysis is provided by xbt.social with a 3 hour delay. Read the full analysis here. Bitcoin Value and Price Analysis. Time of analysis: 13h30 UTC. Bitfinex 15-Minute Chart. From the pages of xbt.social, earlier today: Price retraced from yesterday's target high and is now back at the familiar consolidation level around $225 / 1,410 CNY. If our wave count is....
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Bitcoin trading is holding to a straight and narrow price path. There have been no significant new highs or lows, and we wait for a more confident mood to set traders in a direction. The most obvious feature of the current chart is that trade is swinging price around the ascending red Fib line. Buyers have quickly pushed price above the Fib line on each occasion that it had fallen below. If the bulls capitulate and buy price higher from its current position at the Fib line, then they will strengthen the chart for continuing advance. If price returns below the Fib line then we may be in for....
Bitcoin, the world’s most valuable cryptocurrency, is free-falling, looking at price action on September 11. From the daily chart, BTC is trading at $25,135, a marginal improvement after dropping to H2 2023 lows of $24,951 minutes earlier following an unexpected dump in the early trading hours of the New York trading session. The Bitcoin Sell-Off Takes Form The crash on September 11 saw the coin drop below the consolidation of the past few trading days with the bearish breakdown, looking at price action, canceling bulls of August 31, and setting an increased selling pressure on....
For the first time in weeks, Bitcoin saw a massive selloff yesterday evening that caused its price to reel to lows of $17,400 These lows came just over an hour after the cryptocurrency hit highs of $18,600, with this marking a fresh post-2017 high Where the entire market trends in the near-term will depend largely on how Bitcoin continues trading in the time following this selloff Bulls were able to push BTC back above $18,000 […]
Bitcoin price declines reluctantly and has not achieved a new high since Sunday. Successive lows are printing in the chart and the bulls seem to be using each as an enthusiastic buying opportunity, making for a jagged decline. Since Sunday’s high price has been making lower highs and lower lows, but the decline is proceeding with difficulty. At the smaller timeframes price can be seen to swiftly retrace each wave to a new low by almost 90% of its length. Either the decline is in its early stages and the bulls are still reluctant to concede, or this downward move is corrective and will be....
Bitcoin has continued its decline since starting the week with a bearish breakout from the weekend consolidation range seen in the 1H chart. During the April 14th session, price fell to about 216 before the global April 15th session began. As we can see in the 1H chart, there is a bullish divergence between price and the RSI (A bullish divergence occurs when price makes lower lows but the RSI makes higher lows). This suggests a shift in momentum, or at least a deceleration, which can be a sign of upcoming consolidation or bullish correction. Bitcoin (BTCUSD) 1H Chart April 15. The 1H chart....