Bitcoin Price Bumps Up Against Resistance
Bitcoin price lurched to a nominal new high in some exchange charts and a lower high in most others. By the time of today's xbt.social morning analysis the signs were in the charts: the bulls had given it all they could but had depleted their resources and energy. Will they, after a price correction, regroup and stampede again, or can the bears come out of their six-week hibernation? 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: 14h08....
Related News
Crypto spot volumes rose to the second-highest level in over a month.
Over the past 48 hours, bitcoin’s fiat value has risen exponentially with the price on a ramp towards US$800 per BTC. Currently, at press time the price is averaging $745. If it reaches $790, it will peak past this summer’s high before the Bitfinex hack. Bitcoin Price Value Bumps Push Upwards. On November 17 bitcoin touched $750, making the total bitcoin....
Bitcoin price jumped after a sleepy weekend while ether options interest has been weaker than the past month.
Bitcoin price looked to be advancing only to bump against the resistance ceiling. How to trade in the coming days (or weeks) is dependent on how the market negotiates $680. The decision not to open position – based on the unclear signaling and failure to establish above $680 (Bitstamp) – was prudent. Remember that, in trading-speak, when we say “establish above $680”, that means the trader wants to see the market open a price candle (1hr in this case) above $680 and also close the candle above $680. This did, in fact, happen at 04h00 UTC today 18 July, but the candle was a Doji (magenta....
The crypto space is developing at an accelerated rate as projects such as Cardano continue to ship out impressive code. This fast-paced innovation has no doubt hit a few bumps in the road in terms of what is being shipped out to the community and how safe it is for investors. Recently, a video from […]