Bitcoin Price Technical Analysis for 30/6/2015 - At June's High
Bitcoin has extended its rally, hitting a new high for June as the month comes to a close. Also, the fate of Greece will be sealed today. Bitcoin has hit a new monthly high of $258.89 and is currently trading up 3.36% at $258.55. With this, Bitcoin is up for the second consecutive day. Technical analysis of the 240-minute BTC-USD price chart confirms that speculation has pulled the cryptocurrency into the overbought region, but that is not to say that the price cannot rise higher. Bitcoin Chart Structure - As can be seen from the chart above, Bitcoin is retesting the previous peaks before....
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Litecoin bears have been smoked by the massive 27% rally in the past 24 hours following a high volume breakout from the range I discussed in my previous analysis, New Range. The surreal rise in Litecoin price has also pushed it to the highest level of 2015. Litecoin is currently trading at $3.871, a strong advance from yesterday's $3.047. Litecoin's jump to a fresh 2015-high closely follows Bitcoin's leap to a new June high, as the Greece crisis comes to its D-day. A technical look at the 240-minute LTC-USD price chart above tells that Litecoin has entered the "no-buy" zone due to its....
Bitcoin rises more than 2 percent to $430.21, nearing our year-end target of $440. In the previous price technical analysis A No Trade Market, we mentioned that an increasing MFI often causes price appreciation, and we are witnessing just that. The question now is: Would bitcoin be able to extend the gains or will it retrace its steps? Let us try to predict this with the help of technical analysis conducted on the 240-minute BTC-USD price chart. Bitcoin is well poised to increase its duration inside the $400-440 range, at least for the next couple of sessions. There is a high probability....
In my previous analysis titled Awaiting the Showdown!, I had expressed that a big move would rock the market during the weekend and there is a high probability that it may be on the upside. As we can see, Bitcoin has jumped a huge 14% to cross the $300 barrier and is comfortably trading at $307.87. Intraday, the cryptocurrency hit a fresh 7-month high of $317.99 but stopped short of registering a new high for 2015. However, today's Bitcoin price analysis would focus on whether to stay long or book some profits in the positions. Technical analysis of the Daily BTC-USD price chart indicates....
Litecoin's steady advance has brought the price up to the highest level of June i.e. at $1.800, and it may go even higher as bulls tighten the noose on the bears. In my previous analysis titled, Buy, But Don't Forget This!, I mentioned that Litecoin is a buy on dips candidate; that statement holds for today as well! Litecoin is currently trading up 2.10% at $1.797. Litecoin's chart structure is strongly bullish, however, the technical indicators reflect a mixed outlook. A 240-minute LTC-USD price chart has been analyzed here. Litecoin Chart Structure - Litecoin's higher top, higher bottom....
Bitcoin starts July on an extremely positive note, hitting a fresh 3-month high of $268 thereby extending its rally into the third day. The gains come amid speculations that Greek people are converting their savings into Bitcoin as Grexit looms large. So does it mean that Bitcoin will face a dramatic fall if Greece is able to stay in the Eurozone post the July 5 referendum? Bitcoin has added 2.11% since yesterday to trade at $264. Technically, Bitcoin looks overvalued from a near-term perspective and after further appreciation in the market cap, it may become a shorting candidate. Bitcoin....