Bitcoin Price Analysis – Holding Steady
The bitcoin price chart has been whip-sawing as buyers eagerly anticipate the next advance, while profit-takers capitulate on each approach of $780 (Bitstamp). Technical analysis finds a repeating pattern and its potential outcome. The 1hr candle Bitfinex chart illustrates the dynamic of price consolidation and MACD compression. MACD compression is evident from its Bollinger Bands. As annotated in the chart, the Bollinger Bands contract around MACD as price consolidates into a narrowing range. Although MACD tends towards its zero line during price consolidation (decreasing volatility), we....
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Bitcoin Price advance has held above $300 and is currently trading around the levels discussed in yesterday's analysis. To strengthen the case for advance price must now proceed to $360. The details of the 30,000 BTC sell order placed below market value have some interesting implications that are considered in today's analysis. Bitcoin Price Holding Steady. Time of analysis: 13h00 UTC. The following Bitstamp 4-hour chart shows Bitcoin price action around the $333 level that is currently the location of the 20-period moving average. The pre-condition for advance has not changed: price needs....
Bitcoin price is maintaining the same level trajectory it held at the time of yesterday's analysis. The market has entered a consolidative phase, and there are two potential paths for price: one is up, and the other is, well... CoinCompetition invited participants in the upcoming trading competition to test drive the new CoinArch demo platform - the competition's chosen trading interface. 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:....
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 held above support despite the potential for a large sell-off earlier today. Price was sold down to a supporting level in the BTC/CNY charts but vigorous buying prevented further decline. 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: 12h15 UTC. Bitfinex 1-Hour Chart. From the analysis pages of xbt.social, earlier today: In what would have been the juncture from where bitcoin price usually sells off, price maintained....
Bitcoin price continues making controlled price wave around $360 as wider markets are swinging from this week's price extremes. 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 1-Hour Chart. From the analysis pages of xbt.social, earlier today: The 1-hour chart has no specific signals - as has often been the case during the past few weeks. The implication is that the present price move is not a major price wave. The....