Bitcoin Trading Chooses The Upside

As we expected, yesterday Bitcoin price was near the level of $430. But sellers could not lower the price below $426 and buyers failed to raise the price above $432. We decided to ask experts: How long will this correction proceed? To what level should we expect Bitcoin to decrease? And got the following answers: Vishal Gupta is the Founder of Bitcoin Alliance India, CEO at SearchTrade, and Director at Moving Trumpet: “Not a decline market has picked up a range wherein there is resistance at 420 on downside and 460 on upside. This is unusal spread by common standards but I guess in Bitcoin....

Bitcoin price is making a gradual advance as the market chooses to forgo opportunities to resume decline. A strained upside push may accelerate, but for now it seems doomed to end abruptly. 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: 15h11 UTC. Bitfinex 1-Hour Chart. From the analysis pages of xbt.social, earlier today: Price is pushing higher in a gradual upward curve, as opportune moments for decline are passed over in favor of....

Bitcoin price decline is on hold as the market chooses the upside. Is this the start of a new advance, or merely advance in a correction? Bitcoin price spent the past 24 hours in a sideways holding pattern. At the time of writing a surge higher began from the day’s hourly candle closing low. The Elliott wave count from the recent top is labeled and the present upside wave remains consistent with an ABC correction. If this wave count is correct, then we’d expect wave C to target the 1.618 Fib extension of wave A at $664. This will also be the approximate level of the 1hr 200MA, as well as a....

The Ministry of Digital Transformation of Ukraine has picked the Stellar Development Foundation (SDF) to develop its central bank digital currency project (CBDC). Ukraine Picks Stellar Foundation to Develop Its Central Bank Digital Currency and National Virtual Asset Strategy According to the official announcement, both parties signed a “Memorandum of Understanding” to deploy Ukraine’s crypto strategy. The National Bank of Ukraine has been exploring CBDC’s for some time, there are reports on the matter since 2016. The agreement will also strengthen the....

Bitcoin price continues trading into a narrowing range and the market seems to have foregone decline in favor of consolidation. The consolidation floor and expectations going forward are discussed below. Yesterday’s analysis stated that, barring a bullish resurgence, the 1-hour chart stochastics imply bearish bias. The hope was expressed that, if decline sets in, it will be contained above $500. Well, today’s chart saw price decline according to the stochastic indication and, additionally, it appears that the correction since the June high has reached a consolidation floor at Bitstamp $600....