Bitcoin Price Down; 400 or Recovery?
The bitcoin price broke support and lost strength overnight, begging the question - will we see 400 broken or are we in line for a recovery? It’s already been about 36 hours since we published our last intraday analysis, and we’ve had a lot of action across the period. Here's our take... It’s been about 36 hours since we published our last intraday analysis, and we’ve had a lot of action across the period. In yesterday’s analysis, we suggested that the bitcoin price was – for want of a better phrase – coiling up and in doing so getting ready to spring in one direction. We noted that it was....
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Ethereum classic price after trading as low as 0.00107BTC started a recovery, but remains in the bearish zone and may continue to weaken. Key Highlights. Ethereum classic price declined further against the Bitcoin, and almost tested the 0.00100BTC support. A new low was formed at 0.00107BTC before the price started a recovery. There was a bearish trend line on the hourly chart (data feed via Simplefx) of ETC/BTC, which was broken during the recent recovery. Ethereum Classic Price Failed Recovery? There were clear chances of more declines in ETC price against the Bitcoin. The price did....
Ethereum saw a strong and grave selloff overnight that drove its price down to lows of $585 This is around the price at which the cryptocurrency was able to find some strong support that gave rise to it forming what has since resulted in a “V-shaped” recovery Where it trends in the mid-term should depend largely on the follow-through of this recovery, as a strong rebound from here could confirm that these lows will mark […]
Bitcoin price started a decent recovery from the $10,139 swing low against the US Dollar. BTC gained pace above the $10,550 resistance, but it is facing a major hurdle near $10,800. Bitcoin managed to stay above the $10,000 support and started a decent recovery. The price is now trading above the $10,550 resistance and the […]
The bitcoin price is rebounding from a 56% price drawdown, post a 228% recovery. Historically what comes next is yet another massive recovery
Bitcoin price after a sharp decline towards $700 against the US dollar started a recovery. But it looks like upsides in BTC/USD are contained. Key Points. Bitcoin price moved down sharply this past week to trade close to the $700 handle against the US dollar before starting a recovery. There is a recovery underway, as there is a flag pattern formed on the 4-hours chart (data feed from SimpleFX) of BTC/USD. The price is currently facing a couple of important resistance levels, including $850 and $880. Bitcoin Price Resistances. There was a nasty decline in Bitcoin price against the US....