Bitcoin Price Range Tapering Above Support
Uneventful Bitcoin price action was livened up, today, by a spiking low to just above support. Price quickly returned to the vicinity of its 15-min 200MA and has been zigzagging in a slight upward trajectory ever since. 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: 17h00 UTC. Bitfinex 15-Minute Chart. Also Read: Why The Preference For BTC-China Charts In Analysis? From the analysis pages of xbt.social, earlier today: The chart remains....
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With the S&P 500 continuing to reach all-time highs almost daily, the talk of tapering by the Federal Reserve is rampant.
Following a Federal Reserve announcement on tapering acceleration, the bitcoin price and equities rallied in tandem.
The contraction in Dogecoin channel has limited the price movement from 46.6 satoshis to 48.3 satoshis - much narrower than the previous range of 46.6-50 satoshis. I had discussed the possibility of the consolidation extending earlier because neither of the parties is willing to exert force. The current value of each Dogecoin is 47.9 satoshis. Analysis of the 240-minute Dogecoin/Bitcoin price chart supports my earlier view that the consolidation may prolong. Bollinger Bands - The latest price contraction has witnessed Bollinger Bands playing a crucial technical role. As is evident from the....
Ethereum failed to clear the $1,850 resistance and corrected lower against the US Dollar. ETH price is still holding the key $1,710 support and it seems to be trading in a range. Ethereum is moving in a range below the $1,850 resistance and above the $1,710 support. The price is now above the $1,710 support, […]
The U.S. central bank’s vice chairman Richard Clarida explained on Wednesday that the Federal Reserve could begin tapering large asset purchases this year. Also, that the first interest rate hike since the onset of Covid-19 could happen in 2023. Meanwhile, despite members of the Fed saying inflation will be transitory, corporate bosses from some of the largest institutions are complaining about rising inflation. Looming Jobs Report, Richard Clarida Say Taper Could Happen This Year At the end of 2019, the Federal Reserve and numerous central banks all around the world started....