Bitcoin Price Analysis: Bullish The Only Option?
Bitcoin price continues higher after Craig Wright has excused himself from the ecosystem. Bullish sentiment is riding high toward the advance pivot at $470. Bitcoin price is pushing higher. It seems that the bullish sentiment is pervasive and that there is no other option but to be long in this market. Now that Craig Wright has abandoned his media-forced claims of being Satoshi Nakamoto, of course, the market should feel some relief and express it in the chart. We know that $550 is an upside target, but some concerns remain: 1) Volume remains low 2) $470 is an upside barrier that has....
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Whether already underway or still to unfold, a wave "C" to the upside may target 1500 CNY / $242 - the location of the longer-term upside resistance level previously discussed in these articles. We take a close-up look at Bitcoin price action and its interaction with the momentum indicators. 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: 12h44 UTC. Bitfinex 15-Minute Chart. Why The Preference For BTC-China Charts In Analysis? From the....
Bitcoin value is holding price above support near $275 and attempts to sell price down have been foiled by strong buying support. Analysis considers market psychology at the current juncture in the chart, as well as potential outcomes. 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: 06h43 UTC. Bitstamp 1-Hour Chart. From the analysis pages of xbt.social, earlier today: The 1-day 20MA is currently located at $274.80 in the Bitstamp chart....
Bitcoin price pushed above $420 today and continues higher in a narrow channel of advance. Regardless of indicators at any timeframe and despite large sell orders above price nearly every step of the way, the persistent advance continues pushing higher. It is as if nothing can stop it. If a trader takes profit based on overbought indicators, they will soon regret their prudence since their only option will be to rejoin the trend – into overbought MACD, RSI and stochastics. While price holds within the advancing channel, the only option is to be bullish. Don’t read the chart indicators,....
Bitcoin price has spent several weeks near a chart support floor without making progress to the downside. Over the weekend, a change in price action has price approaching the 200MA in the 1-hour chart. A bullish sign and potentially a change in direction in the chart. 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: 18h34 UTC. Bitfinex 1-Hour Chart. Also Read: Why The Preference For BTC-China Charts In Analysis? From the analysis pages....
Bitcoin price crossed two important overhead resistance levels earlier today and the last 24 hours' advance has biased the charts to a bullish outlook at most timeframes. 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: 14h30 UTC. BTCC 4-Hour Chart. From the analysis pages of xbt.social, earlier today: All of the timeframes are bullish after the past day's rapid advance. The trendline (purple) that has capped several attempts at advance....