Bitcoin Monthly Price Analysis
April was a good month for Bitcoin’s growth. But now its price has reached a point, where that situation may change. The last month of Spring can turn out beneficial to the bears. When is the trend most likely to change? After breaking through all key medium-term levels, Bitcoin’s price has reached the long-term resistance line. As we have said many times before, usually a rebound follows after such patterns. The price becomes “expensive” for medium-term buyers which causes them to close their positions to secure profits and the long-term sellers in turn buy those positions out. Whether....
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The price of Bitcoin (BTC) in recent weeks has had a remarkable bounce and run from its low of $19,000, with many calling for a bull run. BTC’s price soon faced resistance and was rejected from the $25,200 mark as it formed a bearish rising wedge. The price of BTC broke out from the rising wedge, and BTC has struggled to hold off sell-off ahead of its daily (1D), weekly (1W), and monthly (1M) trilemma close. (Data from Binance) Related Reading: Flow Monitoring: Why This Price FLOW May Not Attract Short-Term Traders BTC Price Analysis On The Monthly Chart From the chart, the price of....
In this episode of NewsBTC’s daily technical analysis videos, we review a variety of technical and fundamental signals on the Bitcoin price monthly chart to see if we are getting closer to a bottom in crypto. Take a look at the video below: VIDEO: Bitcoin Price Analysis (BTCUSD): October 3, 2022 The monthly closed with a doji candle, which typically forms at a point of indecision before either a reversal, or strong continuation. Past monthly dojis have commonly preceded short- and long-term turning points in crypto. The September monthly candle was the first ever monthly close below....
BTC price trades below 50 and 200 EMA on the daily timeframe despite showing some relief strength. BTC rally caught short as price continued to range. The price of BTC must close above $21,500 ahead of the monthly close as bulls sweat over price movement. The price of Bitcoin showed strength as Bitcoin (BTC) bounced from its weekly low of $18,500 after the increase in interest rate affected its price negatively. The price of Bitcoin has since struggled to regain its bullish run. It has to a region of $25,000 with the monthly candle just a few hours away from closing. Many traders and....
The Bitcoin charts have price above a monthly pivot near $237 and 1460 CNY. Trade maintained a sideways price path since a late session drop of $10, yesterday, but as today's session progressed traders are trying an advance. 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: 15h16 UTC. Bitfinex 1-Hour Chart. Why The Preference For BTC-China Charts In Analysis? From the analysis pages of xbt.social, earlier today: If price advances above....
In this episode of NewsBTC’s daily technical analysis videos, we are looking again at the Bitcoin BTCUSD monthly chart now that the August monthly candle has closed and we finally have new data to analyze. Take a look at the video below for the good, the bad, and the ugly. VIDEO: Bitcoin Price Analysis (BTCUSD): September 1, 2022 In yesterday’s video, we focused on the nail-biter of a monthly close we had last night, where bulls were just barely able to hold onto support. With a new monthly candle open, today’s video attempts to see where the crypto market is headed, if....