Bitcoin Price Reattempts The Highs
Bitcoin price had declined according to expectations yesterday, only to fling back to near its price highs today. The verdict is out whether the bulls can achieve another high or if the present failure will prompt a sell-off. 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: 13h44 UTC. BTC-China 4-Hour Chart. From the analysis pages of xbt.social, earlier today: A cruel and unrelenting market pushes to a new high in B wave price action -....
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Bitcoin price found support at the base of the previous advance and surged to the upside during Sunday trade. Bitcoin price formed a typical base for advance above the support layer near $380 and 2500 CNY. By 08h00 UTC the range of price movement had compressed and MACD (top) had consolidated to its zero line as it usually does prior to a surge. The break to the upside quickly caused 1-hour RSI to reverse diverge to the previous wave top (magenta annotation) and this has forced a correction at the 1.618 Fib extension (not shown) of the base wave. Once the correction has played out, we’d....
Here's what we are looking at tonight in the bitcoin price. So we are coming to the end of what has been a pretty eventful day in the bitcoin price. In this morning’s analysis, we noted that price over the weekend had gained to fresh highs, and that today, we would likely see a correction of these highs, or a continuation if price could break through the 700 mark. We set up so that we could enter according to our breakout strategy in either scenario, and as it turns out, the latter of these two situations proved to be the correct one. Price broke through 700, we entered along toward 710,....
Bitcoin has begun to slide lower over the past few days as selling pressure has tapered off at the $16,500 highs. The leading cryptocurrency currently trades for $15,900, a few percent below those highs but still situated above key support levels. Analysts remain optimistic despite the downward-sloping price action. One trader says that if the […]
Bitcoin is in the process of consolidating after the cryptocurrency saw a push to all-time highs last night, which led it as high as $36,000 This movement came about suddenly and was quite surprising, but it didn’t last for long The rejection at these highs was not too grave, as BTC has been able to find some strong support within the lower-$34,000 region ever since There’s a strong possibility that it will consolidate here, as […]
Bitcoin has seen unprecedented volatility throughout the past few days, with its ascent reaching a boiling point last night when bulls stepped up and sent it flying to highs of $18,600 The selling pressure here was quite intense and rapidly caused it to see a selloff Within a mere matter of minutes, its price declined from highs of $18,600 to lows of $17,400, with the support here sparking a sharp rebound It has since stabilized […]