Bitcoin Trading Pushing the Price Higher
Bitcoin Trading has been pushing price higher in jittery trade today. Small buying spurts are interjected with frequent bouts of selling. It is as if the market is not sure about advance, or fears a return to decline. A look at a larger timeframe chart sheds some light on which way trend is pointing. 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: 13h45 UTC. Bitfinex 4-Hour Chart. From the analysis pages of xbt.social: The 200MA (red) is a critical moving average of the Bitcoin chart. Its role....
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Ethereum has witnessed some intense selling pressure following its latest push higher, with bulls trying to defend $600 as bears aim at pushing it below this level The selling pressure here has proven to be quite intense throughout the past few days, but bulls have been able to absorb all of it and continue pushing it higher Where the rest of the market trends in the near-term will depend largely on the $600 level and […]
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 price surged higher, Saturday, on the surprise announcement of a Greek referendum that will decide the fate of the stand-off between Greece and her big bank creditors. Sunday saw a pullback but by early Monday morning advance was, once again, underway. Can the Bitcoin price push higher? What stands in its way? 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 Price Analysis. Time of analysis: 04h54 UTC. Bitstamp 15-Minute Chart. From the analysis pages of....
Bitcoin price broke above its narrow 4-day trading range. A strong resistance zone waits a few dollars above price. The corrective wave continued higher in a upside breakout during early Sunday in the US. The move is causing 4-hour RSI to reverse diverge to the February price high. This may cause a temporary pullback as the market re-attempts the resistance ceiling near $440 (Bitstamp). Low liquidity during weekend trade may see price reach the resistance ceiling (bright blue annotation) but the push would be too-far-too-soon and the resulting price spike may be retraced completely by....
Chainlink has recovered from its recent lows and is in the process of pushing higher despite seeing a strong selloff earlier today. The cryptocurrency’s current strength is coming about due to that seen by Bitcoin, with the benchmark cryptocurrency also pushing higher as bulls try to reverse the recent weakness it has seen as a […]