Bitcoin Price Retesting the March Lows
Bitcoin Price has fallen away from $250 and 1580 CNY in five waves. There are support levels below price, but will they give way, one-by-one, or will the current rising trendline (from the January low) prevent further decline? 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: 16h59 UTC. BTC-China 1-Hour Chart. From the analysis pages of xbt.social, earlier today: Our Trade Recommendation is now status "Pending". The declining wave had....
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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....
Dogecoin price action in the last 24 hours is enough to send shivers down the spines of even the best of traders. I had discussed in my earlie analysis that the price structure has turned in favor of the sellers and that volatility will rock the market participants again. Both the things seemed to have played out convincingly as the price stooped to a low of 39.8 satoshis - almost retesting the March lows of 38.9 satoshis - before rising sharply back up to threaten 50 satoshis. Each Dogecoin is currently worth 49.8 satoshis. Amid this volatility, let us find out if Dogecoin has undergone a....
Bitcoin has been in a strong rally since the March lows. The coin moved from $3,500 at those lows to around $12,500 at the local highs. Unfortunately for bulls, a crucial sell signal is on the verge of appearing that may mark a medium-term top for Bitcoin. The indicator last formed just prior to the March capitulation crash. Bitcoin Could Soon Undergo Retracement: Trend Indicator Shows Bitcoin has undergone a strong rally since the March […]
Bitcoin Price has been making a slight advance for the past few hours after falling to near its recent lows during muted Sunday trade. CCN seeks to examine this trend and provide you with actionable Bitcoin Price analysis. Bitcoin Price Analysis. Time of analysis: 14h00 UTC. Christmas Season. Bitstamp Daily Chart. Yesterday's daily chart is augmented here with an additional Fib fan drawn from the June 2014 high. Fib fan lines often exert their influence for as long as price action remains in their path. The November high touched the .382 fan line before falling away, and it may be that we....
In March, few expected Bitcoin to be in the place that it currently is in. The coin is up over 200% since the lows of March, showing that the crypto market is far from dead. Back at the lows, there were some that feared that cryptocurrencies wouldn’t be around for much longer. Bitcoin’s ongoing rally was predicted by some analysts, though. One such analyst predicted the cryptocurrency would retest $10,000 by May, just months after […]