Bitcoin Price Technical Analysis - Gearing Up for More Gains!
Bitcoin Price Key Highlights. Bitcoin price came close to the $300 mark in its stellar rally towards the end of the previous week. Price made a large correction after the strong climb, as buyers are garnering more energy for sustained gains past the recent highs. Bitcoin price is on a steady uptrend on its 1-hour time frame and is pulling back to a rising trend line support area. 100 SMA Support. Aside from finding support at the ascending trend line, bitcoin price is also propped up by the 100 SMA. This short-term moving average is above the longer-term 200 SMA, indicating that the....
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Bitcoin price is still stuck inside the triangle consolidation pattern but might be gearing up for a breakout soon. Bitcoin Price Key Highlights. Bitcoin price has formed lower highs and found support around $730, creating a descending triangle pattern. Price just bounced off support and might be ready for a test of resistance at $750-755. Technical indicators seem to be hinting that the resistance would hold, although a breakout is possible with this week’s event risks. Technical Indicators Signals. The 100 SMA is below the longer-term 200 SMA so the path of least resistance is still to....
Bitcoin rises more than 2 percent to $430.21, nearing our year-end target of $440. In the previous price technical analysis A No Trade Market, we mentioned that an increasing MFI often causes price appreciation, and we are witnessing just that. The question now is: Would bitcoin be able to extend the gains or will it retrace its steps? Let us try to predict this with the help of technical analysis conducted on the 240-minute BTC-USD price chart. Bitcoin is well poised to increase its duration inside the $400-440 range, at least for the next couple of sessions. There is a high probability....
Looking at the darkcoin price chart from Cryptsy reveals that the cryptocurrency might be in for more upside, after recently bouncing off support at 0.0100. On its 1-hour time frame, price is continuing to climb higher, with technical indicators suggesting further gains: Shorter-term moving average is treading above the longer-term moving average, confirming that an uptrend is in play. The moving averages are edging further apart, which suggests that the trend is getting stronger. Price just recently broke past an area of interest and pulled back for a quick retest of....
Bitcoin price is stuck in a tighter consolidation pattern, which could set the tone for an even more explosive breakout. Bitcoin Price Technical Analysis. Bitcoin price is starting to form a new ascending channel after its previous breakdown. The consolidation is noticeably tighter these days, which suggests that price could be gearing up for a strong breakout. The US elections would likely have a strong impact on financial market sentiment and dollar price action. Technical Indicators Signals. The 100 SMA just crossed below the longer-term 200 SMA so the path of least resistance is now to....
Bitcoin price is gearing up for a strong break of the $600 level, determining if longer-term gains are in the cards. Bitcoin Price Key Highlights Bitcoin price staged such a strong rally on Friday that it’s ready to attempt a break past the latest highs at $600. If this area holds as resistance, bitcoin price could retreat towards support at $550. On the other hand, a move past $600 could put it on track to test the record highs at $1,200. Technical Indicators Signals The 100 SMA is still above the 200 SMA somewhat after nearly making a downward crossover late last week. This signals that....