Bitcoin Price Retracement Pulls Lower
Bitcoin price was traded to a new recovery high on Tuesday and has since retraced just under 50% of the price move. The current chart shows that the downside may be incomplete but with indecision at the current juncture. 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: 16h16 UTC. OKCoin-3Mth 15-Minute Chart. From the analysis pages of xbt.social, earlier today: Today's update was delayed for as long as possible, firstly, to see if price....
Related News
Bitcoin price has fallen below long-term support during a cynical trading session today. Hopes of this downturn being a second wave prior to a rally are still alive but ailing fast as price approaches $270 (BitFinex) and 1660 CNY (BTC-China). Bitcoin Trading Pulls Price Down... Again. Time of analysis: 16h00 UTC. Bitstamp, although back online, does not have a functional ticker in its Tradingview chart, so the BTC-China chart will be analysed. BTC-China 1-Hour Chart. Price has, once again, dropped below the long-term support that held so much promise for halting the decline. A proverbial....
Bitcoin price is caught in a negative social mood. Trading below the critical $400 level, and descending, what can we say? Price is drawing lower beneath its 200-period moving average. It is not clear if we’ll see $300 eventually, but negative mood pulls the king of commodities lower. The amount of money invested in Bitcoin Core is large. Silicon Valley seems to think that they can disrupt that investment with a nilly-willy fork. That’s not clear thinking. Censorship-resistance means that Bitcoin Core remains a permanent feature and Classic(TM) and Unlimited will never succeed, like the....
Bitcoin Price Key Highlights. Bitcoin price climbed higher sharply and traded above 250.00 before finding sellers. The price is currently correcting lower and heading towards an important support area. There was a nice bullish ride during this past week, as the Bitcoin price traded as high as 257.00 where sellers stepped in to prevent further gains. There is a critical bullish trend line formed on the 4-hours chart, which is likely to act as a barrier for sellers if the price moves lower from the current levels. The price closed around the 38.2% Fib retracement level of the last wave from....
Rubycoin Price Key Highlights. Rubycoin price after a decent bullish run looks like started a short-term correction lower. There is a bullish trend line formed on the hourly chart, which is likely to act as a support area if the price moves lower from the current levels. A major support area around 0.000205BTC is formed where there is a chance of buyers appearing. Rubycoin price is correcting lower after a solid bullish run, and might be heading towards a major support area. Buying Dips? The Rubycoin price as highlighted recently managed to trade higher after breaking a major bearish trend....
The Asian trading session has pulled price up from last night's lows near $470. There are still few clues as to where price is heading, but at least one more low is expected as the analysis below explains. Descending Channel. As identified in yesterday's analysis a descending channel has contained price action for 11 days running. Price has respected the lower channel trendline since first hitting it during trade on Sunday 31 August. This trendline is currently overlapping with the 0.618 Fibonacci retracement level of the entire advance from April to June, and that implies strong support....