Bitcoin Price Weekly Analysis - Top Created Near ¥3100?
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....
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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....
Bitcoin price was showing signs of topping since yesterday and after a strong push to 3100 CNY and $480 (Bitstamp) price plummeted $100 in some exchanges before recovering during the day. 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: 11h30 UTC. Bitstamp 1-Day Chart. From the analysis pages of xbt.social, earlier today: The analysis below was already written by the time I post this and the price correction has begun. Price has....
Bitcoin price may have created a short-term top around the $500 level. it looks like the price may struggle to hold more losses moving ahead. Intraday Support Level for Bitcoin price can be at $350. Intraday Resistance Level may be at $380. Bitcoin price found it hard this past week to trade higher, especially above the $500 mark. There were sellers around the stated level aligned from a long time defending the upside move. Finally, they managed to push the price down. There was a contracting triangle pattern formed on the daily chart via the data feed from HitBTC, as highlighted in the....
We mentioned during this past week’s analysis that the $3.50-55 area holds the key for Litecoin price. The price settled above the stated level this past week and traded as high as $3.64. There was a bearish trend line on the hourly chart, which was cleared to take the price higher. Now, it looks like a short-term top is created near $3.64, as the price corrected higher. However, the correction phase extended more than anticipated, and if sellers remain in control, then the price may head further lower.