Bitcoin Price Technical Analysis for 15/10/2015 - Fresh Highs Achieved!
Bitcoin price leaps 2.35 percent to $254.66, successfully meeting our price target discussed in Target Met. The cryptocurrency hit a fresh 7-week high of $255.90 on the back of strong momentum. But now that Bitcoin has found its ceiling, it may struggle to accumulate more gains easily. On the contrary, we might witness fresh selling pressure at the current level. Today, we are analyzing the 4h BTC-USD price chart to look for the latest trading clues. Bitcoin Chart Structure - In accordance with the upward trading channel, Bitcoin hit the resistance near $256. If the Bitcoin market....
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Litecoin has gone berserk after breaking out of the trading channel post a brief period of sideways consolidation. The price has jumped an earth shattering 59% since yesterday to hit a fresh 2015-high of $3.194. As the cryptocurrency loses some steam, the price has come down to $2.850. Litecoin's latest price action would have killed the bears, or at least made them broke. But now, even with the unprecedented rise in bullish strength, it isn't worth to buy Litecoin when it has attained stratospheric valuation. Technical analysis of the 240-minute LTC-USD price chart conveys that the....
The Christmas isn’t turning out to be merry for Bitcoin. The cryptocurrency is struggling near the overhead resistance of $465. It is now trading 1.28% lower at $450.89, raising concerns that the market participants might pull out their funds in the holiday season. As a result, several technical indicators are also showing declines. We advised in the previous Bitcoin price technical analysis Target Achieved that traders should book at least partial profits in their long positions. And for today’s analysis, we will again be using the 4-h BTC-USD price chart from BITSTAMP.
Bitcoin briefly topped $250 for the first time since August 19, 2015, hitting a fresh monthly high of $250.09. We concluded the previous Bitcoin price technical analysis Retreats From Monthly Highs on a positive note saying that market participants should not be concerned about the drop and instead go long in Bitcoin near $242 for a target of $250. As can be seen, Bitcoin hit an intraday low of $242.82 before meeting the said target. Bitcoin is currently trading at $248.81, up 1.92 percent. And yes, we stand by our long call! bitcoin price chart. Below are the latest technical....
Bitcoin has hit a fresh 1-month low of $220.65 amid an intense selloff and looks set to head even lower in the coming sessions. It was earlier analyzed that bears will aim for $220 and, as can be seen, the target has been achieved. I am expecting a 4% decline in the current Bitcoin price. Bitcoin has witnessed a cut of 3% since yesterday, trading now at $223.04. This is in no way a buyers' market, and the same is being confirmed from the technical analysis of the 240-minute BTC/USD price chart above. Bitcoin Chart Structure - As the crash intensified, volume activity picked up....
Bitcoin price is continuing to make higher highs which confirm the bullish momentum of the market throughout the past few days. We have been adding up the bullish signals via our daily analysis articles this week. Bitcoin Price Technical Analysis. By observing the 1 day Bitfinex BTC/USD charts from tradingview.com (look at the below chart), we can see that bitcoin price closed at increasing highs on 2 successive days. At the time of the writing of this article, the price exceeded $233 and is expected to increase even more to surpass yesterday's closing price. By plotting the MACD on the....