Bitcoin Value Nearing A Turning Point
Bitcoin value (price) is back above $240 (Bitfinex) / 1525 CNY (BTC-China) and completing what looks to be an ending diagonal in the 5-minute chart. Our expectation for a resumption of decline is now stretched to its outer limit and xbt.social analyzes the chart for options. 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: 17h13 UTC. Bitstamp 4-Hour Chart. From the analysis pages of xbt.social, earlier today: The 4-hour....
Related News
DeFi After a brutal past three to four weeks, DeFi coins are bouncing back. Synthetix Network Token (SNX), the native token of leading decentralized derivatives platform Synthetix, has gained 7.9% in the past 24 hours. The coin is now nearing $5 after spending some time under that pivotal price point. It seems that there are […]
Shark Tank star Kevin O’Leary, aka Mr. Wonderful, has investments in FTX. Following the collapse of the crypto exchange, he said it’s a turning point for the industry, emphasizing that the “crypto bottom is in.” He is now pushing for crypto regulation. “What I’m going to be doing is I’m going to fly to Washington and I want regulation. I want it now,” O’Leary stressed. Kevin O’Leary on Crypto’s Bottom, Relationship With FTX Shark Tank star Kevin O’Leary has spoken up about his investments in FTX after the firm filed....
Dogecoin has just celebrated its 12th anniversary, a milestone that arrives during a period of shaky price action. The meme coin has spent the majority of recent days trading with a bearish tone, but its anniversary places into perspective how much the crypto environment has changed since the token’s joke-related launch in 2013. The celebration comes as analysts continue to debate whether Dogecoin’s long accumulation structure is nearing a turning point, and its next breakout might define its 13th year. Related Reading: Bitcoin Adoption Is Just Getting Started — 200x Growth Possible, Tom....
Bitcoin price traded below 100 SMA (H4 chart) recently, which is acting as a resistance now. A break above it is needed for BTC/USD to gain momentum. Bitcoin price traded a few points higher this past week, but it struggled once again to break the $425-30 resistance area and started to move down. During the downside drift BTC/USD broke the 100 simple moving average (H4 chart), which can be considered as a crucial break. However, the price found support near a bullish trend line on the 4-hours chart (data feed from Bitstamp) of BTC to USD. There was a sharp reaction noted around the trend....
This year was a turning point for Bitcoin as many doubters watched the world embrace the technology.