Bitcoin Price "No" Rally Underwhelming
During yesterday's rally in reaction to the Greek "No" vote, Bitcoin price pushed to the upper 10% envelope of the 1-day 200MA and paused. This little known chart feature, strangely, has halted advance and the question is now whether trade will push higher or turn down from the current levels. xbt.social analysis looks to global markets for clues, as well as technical indications in the Bitcoin 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.....
Related News
Bitcoin is at a pivotal moment after enduring weeks of aggressive corrections and underwhelming price action. Currently testing the crucial psychological level at $60,000, the cryptocurrency faces a critical phase where investor sentiment is shifting from fear to cautious optimism. Related Reading: Ethereum Remains Top DEX Chain With 35% Dominance: Can Others Challenge This? This […]
With the controversial debut of Zcash, decline of Ethereum and the stumbling value of Monero, the Altcoin market has had a relatively underwhelming week in terms of trading volume, price volatility and development. Meanwhile, Bitcoin has shown consistency over the past week, hovering at $736 in most major markets. Underwhelming performance of Altcoins. A few of the most highly anticipated and supported cryptocurrencies or assets are Ethereum, Zcash and Monero. Similarly, the three digital currencies or assets have strong development communities and cryptography that supports their....
Enterprise blockchain technology has been underwhelming but financial institutions are investing heavily in digital assets, a new analysis shows.
The big players in enterprise blockchain face a decision: stay with underwhelming consortia projects, or invest in public networks like Ethereum.
Bitcoin price eeks it out in a narrow range. Some lows, some highs but none of them to a new extreme. The eventual direction of trend remains unclear. The more this sideways price action unfolds, the less I understand its eventual outcome. Well, it will go either up or down, we know, but due to the fact that price is consolidating, our ability to spot a signal and trade it becomes increasingly unreliable. The 4hr MAs are compressing to an extent that has not been seen since May 2015, when the resulting sell signal saw price decline from $235 to $220 support, followed by a jagged advance of....