Bitcoin Price Hammering Support
Whether already underway or still to unfold, a wave "C" to the upside may target 1500 CNY / $242 - the location of the longer-term upside resistance level previously discussed in these articles. We take a close-up look at Bitcoin price action and its interaction with the momentum indicators. 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: 12h44 UTC. Bitfinex 15-Minute Chart. Why The Preference For BTC-China Charts In Analysis? From the....
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Bitcoin trading has reverted to selling behavior, and the bears are clawing down the chart for all they're worth. Buyers have set up strong buy orders between $225 and $237 but the past 24 hours of decline have relentlessly eaten into these. Will support at $230 hold? This analysis is provided by xbt.social with a 3 hour delay. Read the full analysis here. Bitcoin Trading and Price Analysis. Time of analysis: 13h26 UTC. Bitfinex 15-Minute Chart. From xbt.social analysis earlier today: Sellers are hammering support and lower down could be on the cards. However, the present wave down lacks....
BTC bulls aim to confirm $20,000 as support as fresh on-chain data begins to signal that the bottom might be in. While Bitcoin (BTC) price support may be psychological for some traders, the statistics behind BTC remaining over $20,000 for a week are strong indicators of price support or in other words, a new bear market floor. Multiple Bitcoin data points might be able to establish a $20,000 support level. Last week Bitcoin reached a high of $20,961. However, it never sustained its upward momentum as the rally fizzled out, failing to break $21,000 support. As a result of the rally as well....
Cardano is showing some toughness in a time when its peers are just about to crack under pressure. The bear market is hammering the cryptocurrency market, with the majority of cryptocurrencies now trading at prices not seen since the middle of last year. However, this decline has created an opportunity for crypto investors to purchase […]
Ethereum (ETH) has plunged sharply in the past 24 hours, falling more than 10% and slipping below the crucial $3,000 mark for the first time in months. Related Reading: Total Crypto Open Interest Crashes To June Levels, Will Bitcoin Repeat The Same Trend? The drop mirrors the wider sell-off hammering global risk assets, from unprofitable […]
BTC price dropped below $56,000 again, leading analysts to discuss various bull and bear scenarios for Bitcoin’s short term price action. Cooler heads are calling for a collective deep breath and a step back to see the long-term outlook for the future of Bitcoin (BTC) price and the wider crypto market, but today's drop back under $56,000 is raising eyebrows among traders.Data from Cointelegraph Markets Pro and TradingView shows that after starting the week near $60,000, several days of bears hammering the price of Bitcoin resulted in a revisit to $55,600.BTC/USDT 1-day chart. Source:....