Bitcoin Price Finds Intermediate Support

Bitcoin price volatility has increased, building building intermediate price levels as support references for the next rally. So, get ready for another ride to the moon, because the bulls are preparing for another stampede. After confirming a strong bullish consensus, prices are building intermediate levels as support references for when the next rise to $820 takes place. This further upward movement, if confirmed should increase volatility and create confusion, leading to a lot of profit taking action and false signals that could produce a lateral sideways market. Using last June’s....

Bitcoin Price continues making higher highs in cautious trade above rising support. Confirmation of a larger degree uptrend is not yet in evidence, but we do have sufficient signals for an intermediate price advance. The Bitcoin Price has been surprisingly active given the service hiatus of one of the largest Bitcoin exchanges. Said Bitcoin exchange, Bitstamp, has also suffered a confirmed loss of ~$5 million USD worth of bitcoin. Update. Time of update: 11h30 UTC. Divergence has forced price down and it is correcting before moving toward the target discussed in the trade setup in the....

Bitcoin price is drawing close to its 4hr candle chart 200-period moving average (200MA). Crossing above it will signal an intermediate period of advance. Consolidation is drawing to an inevitable close as the 4hr 200MA descends into the area of price action. To the upside we have Fib extension targets all the way up to long-term resistance at $680. Likely pitstops for reaction wait at $600, $610 and $630 (Bitstamp). For the advancing scenario to open we need to see price advance above the 4hr 200MA (red). The 200MA is critical at every timeframe, and intermediate trend is signaled by....

Dogecoin Price Key Highlights. Dogecoin price fell and cleared an important support area as anticipated in yesterday's analysis. The downside was stalled around 76.0 Satoshis, which can be seen as an intermediate support. 100 hourly MA might continue to act as a barrier for more gains moving ahead. There was a clear break noted in Dogecoin price, which has increased the chance of a move lower in the near term. 71.0 Satoshis as a Support. Yesterday, we highlighted that the possibility of a break lower is increasing, as the price struggled to move higher. The price did move lower Intraday,....

A Chinese intermediate court based in Beijing recently upheld a lower court’s ruling which determined that cryptocurrency is a virtual property protected by the law. The court clarified that regulations issued by the Bank of China and others only prohibit the circulation of virtual currency. ‘Financing Behaviour Prohibited by the Law’ An intermediate court in China recently upheld a lower court’s ruling that designated litecoin a virtual property protected by the country’s laws, a report has said. The court clarified that the country’s relevant....