Bitcoin Price Decline Gradual
Bitcoin price decline accelerated overnight. Downside progress has seen price dip below $420 earlier today, and a correction currently has price retesting this level. Price looks to be embarking on the next wave down after a correction from the most recent low, and the target remains $400 (Bitstamp). The 1hr 20-period moving average (MA) has crossed below the 1hr 200MA (red). This is a bearish indication but, unfortunately, there is no confirmation signal in any other timeframe to justify increasing position size. If price does make the plunge to $400 soon, we will only get the benefit of....
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Bitcoin price is making a gradual advance as the market chooses to forgo opportunities to resume decline. A strained upside push may accelerate, but for now it seems doomed to end abruptly. 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: 15h11 UTC. Bitfinex 1-Hour Chart. From the analysis pages of xbt.social, earlier today: Price is pushing higher in a gradual upward curve, as opportune moments for decline are passed over in favor of....
Bitcoin price is rearing to go and the community is optimistic for greater things for the conquering Bitcoin. Today’s post revisits the potential scenarios for price (explored yesterday) as we brace for interesting developments at the moment of block reward halving. The “halvening” is mere blocks away and the Bitcoin community is in a celebratory mood. This is a very good indication of positive social mood and we know what positive social mood leads to: buying. Although the expectation is for advance, it is not certain that price will surge at the moment of truth. As explored in....
Ethereum appears to have entered a bear market with price falling by more than seven percent today. The catalyst seems to be last week’s accidental hardfork where ethereum’s blockchain was split into two due to a bug that caused eth’s two main clients, Parity and Geth, to lack consensus. It was the fourth hardfork of the network in just as many months, beginning with the DAO fork on the 20th of July 2016. Although price quickly began to gain appreciation after the DAO fork, the surprise listing of ETC by Poloniex returned chaos to the market, with the tense period of two weeks giving way....
Bitcoin Price is apparently charting a leveling decline as the bears struggle against persistent buying. Perhaps sellers just won't get that $200 low, or perhaps the lull is just calm before the storm. This analysis is provided by xbt.social with a 3 hour delay. Read the full analysis here. Bitcoin Value and Price Analysis. Time of analysis: 12h10 UTC. Bitfinex 15-Minute Chart. Analysis excerpt quoted from the pages of xbt.social earlier today: The wave up formed regular divergence (red) in RSI to signal its conclusion. The reverse divergence (magenta) identified earlier has now resulted....
Polygon’s MATIC token experienced fleeting 24-hour gains that offered a momentary glimmer of hope for its investors. However, this uptick was juxtaposed against lingering weaknesses in the bullish sentiment, prompting questions about the potential for further downside. In the last five days, MATIC embarked on a trajectory marked by a relatively narrow price range, predominantly oscillating between $0.537 and $0.56. This phase of consolidation led to a visible reduction in market volatility, consequentially resulting in a discernible drop in the open interest metric throughout the....