Bitcoin Price Nearing Support
Bitcoin price has been slowly declining today and made a tentative spike toward support a few hours ago. Currently, price is above support but sellers keep piling in and with US traders joining the market soon, selling may intensify. 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: 15h30 UTC. OKCoin-3Mth-Fwd 15-Minute Chart. From the analysis pages of xbt.social, earlier today: Compression of the MAs at the 15min candle timeframe was....
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We warned in our last column on Bitcoin that the correction had not yet ended. I suggested that there was likely several more days of pain coming for the bulls. The reasons were many, but one of them was that the rise had simply been too steep and too long without a meaningful correction for it to be over in just a day or two. Well, the bottom fell out yesterday. Is that the end of it, or is there more to come? Here we see that the present fall is testing the 4th arc pair for support at 766. Price is also at the same level as a recent swing high. That support could hold, but I am not....
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DeFi After a brutal past three to four weeks, DeFi coins are bouncing back. Synthetix Network Token (SNX), the native token of leading decentralized derivatives platform Synthetix, has gained 7.9% in the past 24 hours. The coin is now nearing $5 after spending some time under that pivotal price point. It seems that there are […]
Bitcoin price is starting an uptrend on its 1-hour time frame and bulls could keep this rally going after a test of support. Bitcoin Price Key Highlights. Bitcoin price is slowly starting to trend higher on the short-term time frames once more, creating an ascending channel formation on its 1-hour chart. Price just came off a test of the channel resistance and is setting its sights back on support. Technical indicators are suggesting that the channel support could hold and allow bitcoin price to resume its climb. Technical Indicators Signals. The 100 SMA just crossed above the longer-term....