Bitcoin Price Weekly Analysis - Buy Near ¥2600?
Key Highlights. Bitcoin prices surged higher this past week and briefly traded close to the ¥3000-3100 resistance area. The price is currently correcting lower and approaching towards a major support trend line on the 4-hour chart (data feed from BTCChina). Buying dips may be a good idea if the price trades near the ¥2600 support area. Bitcoin's price is following a nice bullish trend, and it looks like there are chances of more gains in the near term as long as the price is above the 100 MA. Buy Dips? Bitcoin prices rocketed higher this past week, and spiked above the ¥3000 resistance....
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Ripple is struggling to stay above the key $0.2600 support against the US Dollar. XRP price could nosedive if there is a close below $0.2600 and $0.2550. Ripple is showing a few bearish signs below the $0.2750 and $0.2800 resistance levels against the US dollar. The price is testing the $0.2600 support and it is […]
Ripple started a strong decline after it failed near $0.3700 against the US Dollar. XRP price is currently testing a major support near $0.2600 and the 100 SMA (H4). Ripple is down over 20% and it broke a couple of major supports at $0.3000 against the US dollar. The price tested the $0.2600 support zone […]
Since yesterday's update, bitcoin price advanced strongly and is now past the $400 psych level. The CNY exchanges continue leading the market higher and the upside potential looks promising - even including inevitable corrections. 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: 15h53 UTC. BTC-China 1-Hour Chart. From the analysis pages of xbt.social, earlier today: OKCoin 3Mth is approaching $440 and BTCC is approaching 2600 CNY, and....
Bitcoin trading achieved a decent rally during the past month and the overdue correction is still playing out. The large range of price movement has created a technical condition in the chart whereby price could drop to new lows, but just as easily resume advance without any technical hindrance. 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 Trading and Price Analysis. Time of analysis: 14h23 UTC. BTCC 15-Minute Chart. From the analysis pages of xbt.social, earlier....
Key Highlights. In one of the previous week's analysis, I suggested that buying favored in Bitcoin price near ¥2600. The idea played well, as the price bounced and traded higher. However, as stated earlier, the ¥3100 resistance area holds the key, and is currently stalling more gains. Buyers need to be very careful moving ahead, as a break below a major support trend line on the 4-hour chart (data feed from BTCChina) may call for a correction. Bitcoin's price gained heavily this past week, but it looks like a short-term top is created near ¥3100, and there is a chance of a down move during....