Bitcoin Price Analysis: Rally Opportunity Slipping Away
Bitcoin price quietly turned lower after failing to take advantage of a weak spot through resistance this weekend. At the time of writing price is declining from the recent high under a multiple timeframe sell signal. Bitcoin price formed a lower high overnight. The inability of the market to commit to action at the critical juncture may see the opportunity pass and result in price returning to decline. Yesterday’s analysis described two important trendlines (grey and blue) that are currently intersecting above price in the Bitstamp chart. It was proposed that if price can break above this....
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Bitcoin price appears to be slipping from yesterday's high as the market starts taking profit. If trade can hold price above $260 and 1620 CNY for only a few more days, a bullish cross-over in the daily chart will shift the bias in favor of the bulls. 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: 05h15 UTC. Bitstamp 1-Hour Chart. From the analysis pages of xbt.social, earlier today: Price has returned to test the critical $261 / 1620....
Bitcoin price has lost most of the volatility that got it to this altitude, and trade is now cooling down into a slight decline. Today, price lost the $250 level and may need to correct still lower in order to resolve the recent surge. 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 15-Minute Chart. Also Read: Why The Preference For BTC-China Charts In Analysis? From the analysis pages of xbt.social, earlier today: A....
Bulls have utterly failed in capitalizing on the exuberance in the digital currency. As the price surged and sustained above the previous resistance zone of $280-285, the market was optimistic of the value crossing the $300-mark. However, even though $285 has not been breached on the lower end, considerable damage has already been done. Aggressive profit booking has led to price slipping from a high of $297 to a low of $286. Bitcoin is currently trading at $288.82, and bulls are fast losing steam which may become a cause of worry. https://www.tradingview.com/x/1Ipl74jQ/. As can be seen....
Bitcoin price looks to be slipping from $600 and 4,000 CNY in some exchanges exchanges. Failure to hold this critical level opens the possibility of another corrective wave of decline. Price is grappling with support and resistance at $600 and 4,000 CNY across exchanges. In the 4hr chart we see that price had recently used the 200MA (red) as support. Yet, RSI had advanced too far too soon and formed reverse divergence to an RSI peak from 2 weeks ago (magenta). Price is, hence, forced into correction. The pale magenta trendlines above and below price imply a consolidation range that should....
Bitcoin is slipping lower despite the rally earlier today. BTC is down another 2% since the trading session began an hour ago, pushing under $18,000 yet again. The price of the leading cryptocurrency currently is $17,925, with Ethereum and altcoins also dropping rapidly. According to ByBt, the funding rates of leading Bitcoin futures markets are […]