Bitcoin Price Moving
Bitcoin price has been trading sideways for almost two days and a move appears imminent. At the time of writing a move has begun, but is it real or is it a fake-out? Bitcoin price seems to be gearing up for a move. It is uncertain which way price is going to break. For now it appears to be pushing higher, but this has (recently) been the prequel to a strong decline. If the move higher is real then the next target should be the 1hour 200MA. The initial concern is that the current rise is only corrective and that price may still reverse into another wave of decline. There is no clear....
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The 20-Day moving average strategy provided good returns in 2018 and 2019, while the 50-Day MA strategy did better in 2021 and 2022. One of the simplest strategies for trading cryptocurrencies involves the application of moving averages (MA). The basic premise is that if the price of an asset is above its moving average for a certain number of days, this is considered a buy signal. Once it falls below its moving average, the asset is sold, and a cash position is maintained until the price crosses the moving average again in the upper direction.Cointelegraph Consulting’s latest bi-weekly....
Bitcoin Price Key Highlights. Bitcoin price has slowly been gaining ground against the U. S. dollar, thanks to weaker expectations of a Fed interest rate hike before the end of the year. Price is moving inside an ascending channel forming on the longer-term time frames, suggesting that bullish momentum is just getting started. Bitcoin price is stalling at an area of interest near the moving averages but might be able to sustain its upside momentum after bouncing off the channel support. Resistance at $280. Price is currently testing resistance near $280, as this lines up with the dynamic....
BTC price at press time: US$243.25. The midweek price alert began with: “Bitcoin has finally broken above the noted 50-day Exponential Moving Average (EMA) at US$232 and done so with force. It now also sits above the 100 day EMA (~US$242) as well. It’s possible a change of trend could be underway, but it is still too early to tell. This move has been made on very small volume and On Balance Volume confirms this. If the trend is truly going to change, volume should ideally come in.” The price reached a high of ~$256 and has now come down to ~US$243 and thus far the price has been....