Bitcoin Price Decline Pauses Before Drop
Bitcoin price decline takes a break. The market is struggling to buy price higher in a correction, thereby, heralding the next wave of decline. Bitcoin price declined, as expected, on an xbt.social confirmation signal, yesterday. Overnight, a correction pushed back to the upside in the chart. A clear instance of RSI divergence accompanied the reversal as shown by magenta lines at the price lower low and in the corresponding RSI higher low. Given the fact that the 4-hour chart is bearish, with its MACD below both zero and its signal line, and that the 1-day chart is about to enter a similar....
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Bitcoin price was sold off after a local wave high was made to a 4.618 Fib level just above $291. A price correction is now being traded below $290 and it could see retracement to $285. Technical analysis looks at significant levels in the chart, as well as potential paths of price during the coming weeks. 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: 05h56 UTC. Bitstamp 1-Hour Chart. From the analysis pages of xbt.social, earlier....
Welcome back to another Bitcoin News in Review, where we feature some of the biggest stories of the week here on CryptoCoins News. This week, there was a drop in the Bitcoin price, Dogecoin's price continued to decline, Ecuador banned Bitcoin in favour of its own cryptocurrency, and more. Check out this week's Bitcoin News in Review after the break. Explaining Bitcoin's Recent Price Drop. The Bitcoin price fell below $600 this week. If you've been monitoring the Bitcoin price this week, you've probably noticed that it has dropped below $600 USD (currently at $588). While it's rarely....
Bitcoin price started a fresh decline after it failed to stay above $40,000 against the US Dollar. BTC is moving lower and it could even decline towards $35,000 in the near term. Bitcoin started a fresh decline from well above the $40,000 pivot level. The price is now trading well below $39,000 and the 100 […]
The Bitcoin price is lingering just under $19,000 at the time of writing, not far from the local low of $18,300. When the Consumer Price Index (CPI) and Producer Price Index (PPI) data was released last week, the BTC price plunged to just that price level. Unexpectedly for many, a very quick rebound happened, catching shorters off guard. With November 02 – when the FED meets again – in mind, the Bitcoin price doesn’t have much room to fall below that level at the moment. Moreover, a look at the on-chain suggests another crash is possible in the short term, although there....
Bitcoin price is creeping toward the edge of a precipice, but the question is: will decline make it to below the local support floor? Price continues conforming to our expectation of decline. Potentially, decline could target $320 and 2100 CNY, as per the pending abt.social trade recommendation. Since we do not, at this stage, know if price will sell through the support floor, we have to strategise and control trading risk. The circular trendlines (visible to xbt.social members) are not accurately “fitted” at this time, but a sharp drop will certainly confirm their influence, since price....