Bitcoin Price Near The End Of Downtrend
Bitcoin price has been steadily declining ever since the last week's unexpected rally high. Depending on what the market does in the coming weeks, we may soon see an end to the tedious consolidation, described by xbt.social since February, and a return to the Bitcoin price action we've been waiting for. However, for now, there is still some decline on the cards. 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 $29 discount using the code CCN29. Bitcoin Price Analysis. Time of analysis: 05h17 UTC. Bitfinex 1-Hour....
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2015 started with a decline in the price of BTC/USD, which was bad news to all BTC traders and speculators. The New Year's downtrend continued until it reached 265.24$ which is a point of support. "Bullish engulfing" could be noted on the BTC/USD 4 hour chart (The arrow points to the sign in the chart), which signaled a reversal in the downtrend and BTC/USD exceeded 300$ on the 7th of January, which can represent a 50% correction of the downtrend starting earlier this month. The price of BTC/USD is likely to fall again before we can see a reversal of the current downtrend. A "bearish....
Ether price finished its price correction. Ether course continued its growth at $10.2 without any down reversal. At the moment the price is at its highest peak. At this point, the long-term direction will be defined. 3 possible course of events with $11.5 level. Breakout and downtrend reversal. Beneficial for:the sellers. They will be gaining profit from it in the long-term because this is the crossing point for the most technical indicators. We saw how influential $11.5 price was earlier this January. The first scenario is that there will be a breakout from the $11.5 price. At the same....
AVAX price ranges below 50 and 200 EMA on the daily timeframe. Price continues to maintain a downtrend as it aims to break out to the $20 range. AVAX price closes attempting to break out of its downtrend on low timeframe. Avalanche (AVAX) price has failed to sustain its head high above the blood bath of the bear market against tether (USDT). With what proved to be a major run for the price of Avalanche (AVAX) from a low of $10 to a high of $145, many predicted the AVAX project causing a major upset for many crypto projects. The statistics from the coupled Consumer Price Index (CPI) and....
Bitcoin price this morning touched $50,000 – a feat that might have have made a bear market look a lot less likely. But bulls could be celebrating too early, and a max pain scenario of a symmetrical triangle few currently see could end up shaking up both bears and bulls in the days ahead. Here is a much closer look at the symmetrical triangle, what the corrective pattern suggests, and why bulls certainly aren’t out of the woods just yet. Downtrend Remains Unbroken, Symmetrical Triangle Possible Downtrends can be deceiving. They don’t always necessarily mean a bear market, and....
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