Bitcoin Price Bears Battling For A New Low
Bitcoin price is progressively creeping lower into compounding reverse divergence. Market sellers have been attempting to pull price below $221 and 1375 CNY all day without success. 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: 17h41 UTC. BTC-China 1-Hour Chart. Also Read: Why The Preference For BTC-China Charts In Analysis? From the analysis pages of xbt.social, earlier today: Similar cases of reverse divergence have been highlighted....
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Bitcoin has seen some rocky price action as of late, with bulls and bears battling for control over the cryptocurrency’s mid-term outlook. So far, this has resulted in the cryptocurrency seeing some bearish momentum, with sellers taking general control over its trend. This may soon change, however, as buyers are in the process of pushing […]
Bitcoin has seen some immense volatility over the past couple of days, with bulls and bears ardently battling for control over the lower-$30,000 region The key support here has been tested on a few occasions, but bulls have been able to guard against any intense selloff If BTC can continue building a strong base of support down below its current price, there’s a possibility that it could be poised to see immense strength in the […]
Bitcoin’s price action has been rather lackluster as of late, with bulls and bears reaching an impasse following its surge up to the mid-$11,000 region. Each dip is met with significant buying pressure, while each push towards $11,600 is rapidly rejected by bears. This has created a consolidation channel between $11,300 and $11,600. Although neither […]
Bitcoin price might be ready to resume its climb if more bulls come into action at this latest test of the rising channel support. The 100 SMA is still above the 200 SMA so the path of least resistance is to the upside, confirming that the channel support would hold. In addition, both RSI and stochastic are pointing up to show that bullish pressure is present. Apart from that, the recent test of support led to the formation of a long-wicked candle, which means that buyers put up a strong fight to prevent the pair from falling further. A bit of consolidation took place soon after, which....
Bears betting on a fresh Bitcoin price capitulation may get definitively burned this time, argues Rekt Capital. Bitcoin (BTC) may be battling for $50,000, but its latest move could prove to be the “ultimate” tool to make bears pay.In a tweet on Oct. 5, popular trader and analyst Rekt Capital described the most recent BTC price action as the “ultimate bear trap.”Analyst predicts more suffering for Bitcoin bearsAfter reaching $50,000 for the first time in a month and going on to hit highs of $50,400, Bitcoin is once again the source of intense debate among market participants.Whether BTC/USD....