Bitcoin Value Could Break Either Way
Bitcoin price could go either way during the coming hours. Price has been trading sideways around $260 and 1600 CNY and a break-out to either side seems likely. 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 Value and Price Analysis. Time of analysis: 14h25 UTC. BTC-China 1-Hour Chart. From the analysis pages of xbt.social, earlier today: Today's initial update outlined two possible wavecounts along with targets - $277 (1650 CNY) to the upside and $240 (1480 CNY)....
Related News
Key Highlights. Dogecoin price declined recently and cleared a major support trend line, but it turned out to be a false break. A contracting triangle pattern is formed, which is likely to pave the way for a break in the near term. 100 hourly simple moving average is towards the upside, and acting as a hurdle for buyers. Dogecoin price declined, but the break was not real, which forced buyers to push the price back higher. Break Near? We have been following a couple of patterns this week, and were looking for a break in the Dogecoin price. There was a break yesterday, but sellers failed to....
Bitcoin and the rest of crypto have been experiencing a strong uptrend since Black Thursday when markets nuked globally and no assets were safe from the carnage. And while a flip into a downtrend isn’t yet confirmed, a break in market structure at the very least puts the uptrend on thin ice. BTCUSD Break In […]
Startup capital in Africa still favors foreign founders at the expense of homegrown projects. A proposal to break the cycle.
Bitcoin price is currently facing a monster resistance at $800-05 against the US Dollar. Let’s see if the BTC/USD pair can break it or not. Key Points. Bitcoin price remained below a major resistance area of $800-05 against the US dollar and facing sellers. There are a couple of bullish trend lines formed on the 4-hours chart (data feed from SimpleFX) of BTC/USD, acting as a support on the downside. A break and close above the $805 level could trigger more gains in the near term. Bitcoin Price Upside Hurdle. There were mostly ranging moves in Bitcoin price against the US Dollar during the....
First off, lets say that today's session did not go to plan. In this morning's article, we highlighted what we were looking at as far as key levels was concerned, and suggested how would get into the markets according to these levels. We put in term support at 281.55, and in term resistance at 285.86. At time of publication, both these levels represented the daily low and daily highs respectively. We were trading around mid range when we said that we would look for a break above or below is a level to put us long or short respectively, and we did get a break to the downside, but it did not....