Bitcoin Price Direction Uncertain
Bitcoin price is midway between this week's earlier high and yesterday corrective low. Currently hovering around $267 and 1672 CNY for most of the Asia-Pacific session, the European and US sessions may generate more movement. Yesterday, we outlined a few scenarios for the coming weeks and today's analysis tries to find the immediate direction from a 4-hour chart assessment. 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: 05h33 UTC.....
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Bitcoin has experienced lackluster price action over the past few days, trading in a narrow range between $94,700 and $98,600 since last Friday. This stagnant movement has added to the speculative environment, leaving the market uncertain about short-term direction. Neither bulls nor bears have been able to take control, creating a sense of indecision among […]
Bitcoin’s short-term price direction remains uncertain, with divided opinions among analysts and investors. Some expect a breakout into all-time highs (ATH) above $109K, while others fear increased selling pressure that could send BTC into lower demand zones. The price has been trading in a narrow range for the past twelve days, holding above $94K and […]
Bitcoin’s short-term price direction remains uncertain, as analysts and investors are divided on whether BTC will break into a new all-time high (ATH) or face selling pressure into lower prices. The price has been trapped in a narrow range for the past twelve days, holding above $94K and below the $100K mark, with neither bulls […]
The uncertain growth of Ethereum’s price is quite likely to result in a sharp fall. When does it become risky to buy? Will there be a turn to decline? If, given all favorable conditions, the price still can’t move in a certain direction, the psychological factor may kick in and hand the advantage to the bears. ETH/BTC price chart 1 But that is only the initial assumption. To make informed trading decisions, one has to look for a more founded confirmation. The level of $11.7 is the most profitable price for purchase deals within the rebound trend. Thus, if Ethereum’s price starts to fortify....
Ethereum has been struggling to reclaim the $2,800 mark as support, leaving investors uncertain about the short-term direction of its price. The second-largest cryptocurrency has been unable to start a recovery rally, with analysts increasingly calling for a bearish continuation. The negative sentiment has been fueled by Ethereum’s underwhelming performance compared to market expectations, keeping […]