Bitcoin Price Analysis: Bullish Days

Bitcoin price appears to be slipping from yesterday's high as the market starts taking profit. If trade can hold price above $260 and 1620 CNY for only a few more days, a bullish cross-over in the daily chart will shift the bias in favor of the bulls. 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: 05h15 UTC. Bitstamp 1-Hour Chart. From the analysis pages of xbt.social, earlier today: Price has returned to test the critical $261 / 1620....

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....

Bitcoin price increased today, just as our analysis from yesterday predicted, reaching a high of $242.54; so, we are expecting a continuation of this bullish wave to take the price up to $300 during the next few days. By looking at the 1 day Bitfinex (BTC/USD) charts from tradingview.com and drawing a trend line between the high reached on the 13th of November, 2014 ($472.49) and the low reached on the 14th of January, 2015 ($167.05) and plotting the Fibonacci retracement fan accordingly, we can notice how today's trading pulled the price up to $242.54. The new bullish wave will likely....

Last week, bitcoin price rose from around $260 all the way upwards to print a high of around $294. We predicted during last week's analysis a bullish run, yet we expected the bullish wave to be strong enough to push the price up to $300. The bullish wave that controlled the market last week led to a new rising support level. By studying the 1 hour Bitfinex (BTC/USD) charts from tradingview.com and plotting the 20, 50 and 100 period EMAs accordingly (look at the below chart), we can notice the following: Since the bullish wave started on the 27th of February, we have been witnessing a....

Bitcoin price continued rising, emphasizing the bullish wave that started earlier this week. Yesterday, the price pushed upwards until it touched the $256 resistance line. The price reached a high of around $259 yesterday, before falling to $249 at the time of writing of this article. Basic and technical analyses are in favor of continuation of the bullish trend to push the price even higher. By studying the 1 day Bitfinex (BTC/USD) charts from tradingview.com, we can notice a reversal of the bearish trend on the 14th of January. By plotting the Relative Strength Index (RSI) on the same....