Bitcoin Price Approaching November Closing Highs
Bitcoin price is pushing closer to its November closing highs and technical analysis suggests a price correction to the downside is due. 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: 14h30 UTC. BTCC 1-Hour Chart. From the analysis pages of xbt.social, earlier today: So far, so good for our trade from $315 and 2730 CNY that now seems to be reaching a ceiling. The price wave may not reverse here, but draw sideways before another wave of....
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The recent highs struck by the Bitcoin price goes hand-in-hand with the largest ever amounts of the cryptocurrency traded. The price of Bitcoin has been on a wild surge lately and recently struck a year-high of $502 on November 4th before the unpredictability saw prices take a dip this past week to a price of $363.88 at the time of publishing. While Bitcoin pricing remains indecisive, it's significant to note that Bitcoin trading volume reached record highs in a period that saw the largest volume of bitcoins traded. Ever. The Numbers. As Bitcoin price surged to reach a then-year-high and a....
Correction: Article has been updated to reflect that one-year high is based on BPI closing prices. 36% gain was achieved in last two weeks, not last four days. The price of bitcoin has hit its highest closing price in the last year, trading at $436 and climbing at press time, according to the CoinDesk Bitcoin Price Index. Bitcoin has gained an astonishing $115 or 36% over the last two weeks. It was changing hands for $320 a coin on 25th November. The price briefly touched $500 on some exchanges on 4th November before dropping under $400 in the following days. The strong rally is....
A recent Glassnode report says some long-term holders (LTHs) of bitcoin offloaded part of their holdings and cashed out their profits during a bull-run. Still, the report explains that the sell-off, which has been noticeable since late November, is not necessarily a sign of an approaching bear market. Instead, as the data shows, BTC is poised for another rally. Since Nov. 26, when the price of BTC dropped by more than 17% in 24 hours, the digital asset has recovered and currently trades above $19,000. Some analysts believe that it is only a matter of time before the leading crypto....
The upward movement of Ethereum’s price can be a correction. The graph is approaching a key technical, where volatility is highly likely to increase. ETH/USD. Low volatility, together with a decline in volume, indicates the fact that Ethereum’s price is currently in an area which isn’t really profitable for both bulls and bears. With regards to the movement of the past two weeks, the ETHUSD price is still too low to sell and too high to buy for short-term traders. However, the full-scale rebound towards the $14.5 - $9.5 downward trend is not over yet. In order to form a movement of a....
KnCMiner sold a whopping $3m worth of bitcoin mining equipment over the course of just four days last week. The Sweden-based mining machine manufacturer has now sold out of Saturn and Jupiter rigs and has taken its maximum number of pre-orders following the frenetic period of sales from 7th November to 10th November. Andreas Kennemar, CEO at KnCMiner, said: "While we have seen a significant increase in demand for our line of machines from the last quarter to this one, what happened in [that period] has been unprecedented for us, maybe unprecedented anywhere in the bitcoin mining industry."....