Bitcoin Price Technical Analysis for 10/25/2016 – Bulls Back in Action!
Bitcoin price seems to be regaining bullish momentum after breaking above this short-term consolidation pattern. Bitcoin Price Key Highlights. Bitcoin price recently made a strong rally but fell back in consolidation as bulls struggled to keep the momentum going. Buying pressure seems to be returning since price broke to the upside of the consolidation pattern and appears to have completed a quick pullback. Price could head back to the previous highs from here or carry on with a larger retracement. Technical Indicators Signals. The 100 SMA is still safely above the longer-term 200 SMA....
Related News
Bitcoin price could be ready to resume its climb now that this area of interest held as support. Bitcoin Price Technical Analysis. Bitcoin price recently made an upside breakout from a near-term resistance around $660. Price has found resistance at the $670 area and has since pulled back to the broken resistance, which appears to have held as support. This signals that bitcoin bulls could be ready to charge once more, although technical indicators are suggesting otherwise. Technical Indicators Signals. The 100 SMA is still below the longer-term 200 SMA so the path of least resistance is to....
Bitcoin price is stuck in a tighter consolidation pattern, which could set the tone for an even more explosive breakout. Bitcoin Price Technical Analysis. Bitcoin price is starting to form a new ascending channel after its previous breakdown. The consolidation is noticeably tighter these days, which suggests that price could be gearing up for a strong breakout. The US elections would likely have a strong impact on financial market sentiment and dollar price action. Technical Indicators Signals. The 100 SMA just crossed below the longer-term 200 SMA so the path of least resistance is now to....
Continuing with its upward price action, Bitcoin has hit the near-term ceiling and now awaits a positive trigger to breach through. Bitcoin has advanced from yesterday's $234.39 to the current $236.10. As the cryptocurrency hits a roadblock, it is only helpful to know a proper course of action in the highly volatile Bitcoin market. Technical analysis of the 240-minute BTC/USD price chart indicates that booking out of long positions would be the wise thing to do. Bitcoin Chart Structure - The chart structure above reveals that Bitcoin is kissing the resistance zone, and a breakout on the....
Bitcoin price is still pushing higher, but these gains could hinge on this week’s top-tier market catalysts. Bitcoin Price Key Highlights. Bitcoin price recently made an upside breakout from a short-term consolidation pattern, signaling that bulls are putting up a fight. Price is back in consolidation for now, possibly waiting for more catalysts to fuel it higher. Technical indicators are suggesting that further gains are in the cards. Market Events. The 100 SMA seems to be attempting an upward crossover from the longer-term 200 SMA, signaling that the path of least resistance is to the....
Bitcoin price is bracing itself for a strong finish for the year, as it raked in more gains above $900. Bitcoin Price Key Highlights. Bitcoin price carried on with its climb as expected, after breaking past the $800 barrier a few days back. Price topped near $950 before making a pullback on Christmas Day, which then offered bulls a chance to add to their long positions or draw more buyers in. Price could be on its way to breaking past the recent highs from here. Technical Indicators Signals. The 100 SMA is above the longer-term 200 SMA on the 4-hour time frame of bitcoin, confirming that....