Bitcoin Price Turns Down
A weak MA buy signal formed in the 15-minute and 1-hour Bitcoin price charts earlier today but traders did not take the bait. The market evidently lacked the motivation to trade price higher and tipped into an inevitable decline instead. 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: 16h53 UTC. Bitfinex 15-Minute Chart. Why The Preference For BTC-China Charts In Analysis? From the analysis pages of xbt.social, earlier today: Elliott....
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Bitcoin price is down nearly 10% from recent highs set earlier this month, but the underlying strength of the price action is beginning to fade ever so slightly. The weekly MACD is also turning , potentially ready to cross over for the first time in months. Here’s how such a bearish crossover could result in […]
It goes without saying this debacle has been spurring a new debate among Ethereum enthusiasts. Many people feel the developers should send a cease and desist letter to the ETC developers for violating the Ethereum trademark. Although things have been relatively quiet around the DAO for some time now, a new development has occurred. A large amount of Ethereum Classic funds was still eligible for withdrawal by the hacker. As it turns out, the funds have been moved several hours ago. However, the ETC price across exchanges is not dipping, and the coins are not being dumped. Ever since The DAO....
Bitcoin price has been declining all day. The failure to continue higher turns our attention back down in the chart. Bitcoin price failed to achieve terminal velocity for a rally, and is now returning to support at $365 and 2450 CNY. According to the smaller timeframe indicators an upward correction should unfold before price reaches support. So, for now, all bets are off until we see the sell signals start compounding.
Bitcoin price extended its decline below $31,500 before recovering higher against the US Dollar. BTC is likely to face resistance near $32,200 and it might continue to move down. Bitcoin remains in a bearish zone and it recently traded towards the $31,000 level. The price is now trading well below $33,000 and the 100 hourly […]
Can you believe Bitcoin technically turns five-years-old today? Five years ago, on Saturday, November 1st, 2008, Satoshi Nakamoto sent out the famed email message explaining the very premise of Bitcoin. "A purely peer-to-peer version of electronic cash would allow online payments to be sent directly from one party to another without the burdens of going through a financial institution," Nakamoto explains. You can read the full email here. This is not to be confused with the actual release of Bitcoin, which was several months later in January 2009. An important milestone, indeed. Where do....