Bitcoin Price Passing Time, Market Direction Unknown
Bitcoin price is drawing sideways along a Fibonacci Fan line. While it would be highly beneficial to know the market's next directional move from the current juncture, it is just one of those times in the chart where even the market does not know what it will do next. 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: 07h46 UTC. Bitfinex 15-Minute Chart. From the analysis pages of xbt.social, earlier today: The 15-minute Bitfinex chart....
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The last month of winter started with an upward trend. That trend is over and it’s time for the market to decide on a new direction. Over February, Bitcoin’s price has grown by more than 16% and stopped at around $447 per bitcoin. The start of Spring marks the beginning of a new cycle on the BTC/USD graph. Bitcoin’s price has stopped at a point where one cycle is changed by another, more significant one. Change of Bitcoin price trend direction. As a rule of thumb, such points precede a change of direction and a return to previous levels. There is a good possibility of a decline towards the....
Bitcoin Chart Analysis reveals that the market is at a critical juncture with regards to trend. Weekend trade wound sideways in a narrow range, but all the time approaching the long-term rising trendline that has supported price on three occasions during the past ten weeks. With the Silk Road wallet auction passing as just another day in the Bitcoin diary, and having failed to produce the fever-pitched melodrama that market participants seem to need in order to spur them in a direction, price had dropped away from its anticipatory high near $660 (Bitstamp). Is the market seeking out that....
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....
In the last 48 hours, the XRP market has witnessed a significant amount of large-scale transactions, drawing much attention from the general crypto space. According to data from blockchain tracker Whale Alert, XRP whales conducted transactions involving over a billion XRP on Friday, September 1. Related Reading: XRP Price Prediction – Topside Bias Vulnerable Unless Bulls Clear This Hurdle Ripple Transfers 75 Million XRP To Unknown Wallet In Whale Buying Spree Through a series of posts by Whale Alert on social media platform X (formerly Twitter), it can be inferred that the XRP market....
The price of Bitcoin has hit an all-time-high once again today, surpassing the $400 mark at Mt. Gox. In fact, at the time of this writing, the price is past the $420 mark, to much fanfare. We'll be surprised if the price keeps it up, but this is certainly yet another great milestone in the story that is Bitcoin, In other news, Bitcoin's market cap has surpassed the $4.5 billion mark, just days after passing $3 billion.