Bitcoin Price Regains Consciousness
Bitcoin price picked itself up from the dusty valley floor today. Although it’s looked more healthy, it appears nothing is broken. Since yesterday’s low we’ve had 5 waves up. The advance has stopped at 15-minute 200MA (not shown) and is currently trailing the hour 20MA (green). At label 5 the advance is accompanied by reverse divergence in RSI. In other words, RSI is indicating a high exceeding previous highs that price is nowhere near reaching. Hence, the current downward correction. Bitcoin price advanced strongly from yesterday’s low, but the market now seems indecisive. It is....
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Bitcoin price formed a strong support base above $26,000 and started a fresh increase against the US Dollar. BTC is gaining momentum and it is likely to break $28,000 and $28,400. Bitcoin is showing a lot of positive signs above the $27,000 and $27,300 resistance levels. The price is currently trading above the $27,500 support […]
Bitcoin’s price is rebounding from a sell-off Tuesday while large ether holders are making moves.
Bitcoin price started a downside correction from the $28,360 high against the US Dollar. BTC remained well bid above $26K, and it is likely to resume higher towards $28K. Bitcoin is showing a lot of positive signs above the $26,000 support zone. The price is currently trading above the $26,500 support and the 100 hourly […]
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