Bitcoin Trading Struggling To Sustain Upside Momentum
Bitcoin trading got a reminder, yesterday, of the volatility that can take flame, within minutes, in this market. Today's price action confirms the view that price is in a downtrend and that the spike was merely an upward correction. 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 Trading and Price Analysis. Time of analysis: 15h46 UTC. Bitstamp 15-Minute Chart. From the analysis pages of xbt.social, earlier today: A sell signal formed in the 15-minute chart [identified....
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Bitcoin’s price action has been rather lackluster ever since it saw its sharp decline to lows of nearly $28,000 just a few days ago The selling pressure that sent it down to these lows has since subsided, but bulls have been struggling to extend the momentum that first sparked this movement Where the entire market trends in the mid-term may depend largely, if not entirely, on whether Bitcoin can sustain the rebound seen in the […]
Bitcoin price is showing early signs of a bullish break above $10,800 against the US Dollar. BTC could continue higher as long as it is above the 100 hourly SMA. Bitcoin is struggling to gain bullish momentum, but it slowly moved above the $10,800 resistance. The price is now above the 100 hourly simple moving […]
Bitcoin has seen a quiet weekend of trading, with the cryptocurrency struggling to gain any immense momentum as bulls and bears reach an impasse This has led to a prolonged bout of sideways trading around $16,000, with bulls and bears both struggling to gain control of its near-term Its recent price action has done little to provide any insights into where it might trend over a mid-term time frame That being said, one analyst is […]
Trading with a slightly negative bias, Bitcoin has slipped to $244.28, down 0.94 percent yesterday. Even though the uptrend is intact, Bitcoin has failed to sustain above a key technical level which has led to severe deteriorations in the technical indicators. Let us discuss each of the factors in the technical analysis of the daily BTC-USD price chart below. Bitcoin Chart Structure - As has been marked in the chart above, the upward channel in which Bitcoin has been trading since the last week of September clearly holds. However, as discussed earlier, Bitcoin has failed to sustain above....
Ethereum is facing resistance near the $1,350 level against the US Dollar. ETH price could continue to move lower towards $1,200 or $1,180 unless it settles above $1,350. Ethereum is struggling to gain momentum above $1,350 and $1,375. The price is now trading well below $1,350 and the 100 hourly simple moving average. There is […]