Bitcoin Price Still Looking Lower
Bitcoin price has wound sideways during today's Asian and European trading sessions. At least one more wave of decline is due, as evident from technical analysis of the price chart. 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: 10h49 UTC. Bitfinex 1-Hour Chart. Why The Preference For BTC-China Charts In Analysis? From the analysis pages of xbt.social, earlier today: As we approach the $215 / 1350 CNY support level, we'll be looking....
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Dogecoin Price Key Highlights. Dogecoin price traded lower and tested 42.0 Satoshis which can be seen as a short term support area. The hourly RSI is below the 50 level, i.e. a negative sign and might push the price further lower. There is a lot of bearish pressure noted on the Dogecoin price, which might increase with time. Dogecoin price struggling to gain momentum, which increases the risk of it moving lower in the near term. What's next? There was a downslide in the Dogecoin price recently, which took it below the all-important 50.0 Satoshis. The price traded as low as 42.0 Satoshis,....
Top decentralized finance (DeFi) coins are sliding lower despite strength in the Ethereum price. Data from Uniswap indicates that against the U.S. dollar, coins such as UNI, Compound’s COMP, and Yearn.finance’s YFI, have slid lower by 1-5% in the past 24 hours. This slight move lower in the price action of these coins adds to […]
Key Highlights. Dogecoin price moved lower and tested the last swing low of 36.5 Satoshis as forecasted in yesterday's post. The price even traded below the mentioned level as sellers succeeded in breaking it to form a new low of 34.7 Satoshis. The price is still under the bearish pressure, and the idea to sell rallies look like a good deal. Dogecoin price formed a new low below 35.0 Satohis, as the bearish pressure overwhelmed buyers who failed to take the price higher. Selling Rallies a Good Idea? The Dogecoin price continued to move lower as there was a lot of bearish pressure as....
Dogecoin Price Key Highlights. Dogecoin price traded higher recently, but the upside move was not convincing, which leaves it at a risk of declines. The broken trend line (as highlighted in yesterday's post) was tested again. There is a chance that the price might head lower one more time and retest 60.0 Satoshis in the near term. Dogecoin price failing to hold gains is a worrying sign, and might call for a move lower if buyers did not manage to push it higher. Retest of 60 Satoshis? The Dogecoin price showed a lot of bearish signs on the hourly chart, which leaves it at a risk of a move....
Dogecoin Price Key Highlights. Dogecoin price stayed in a range, but it looks like the price might head lower in the near term. Sellers are making an attempt to break the range low, if it is cleared more losses are likely. 0 Satoshis is a major support area, which must hold if buyers have to prevent the downside. Dogecoin price is at risk of a break lower, as buyers seem to be struggling to prevent the downside. Downside Break. The Dogecoin price stayed in a range throughout this past week, which prevented moves in one particular direction. However, it looks like sellers might be able to....