Technical Analysis: Bitcoin Price to Hit $1500 By Year-End?
The bitcoin price has recently launched into an upward rally, with technical indicators showing the rise slowing down at $820 while bullish consensus builds to send it further to $1500 by 2017. After bullish signs flooded the markets, the bitcoin price has shifted into an upward rally. According to technical indicators, this rally should last until we hit $820, after which a sideways market will prevail. If this scenario gets confirmed, quotes would be able to double again to the year-end objective beyond $1800. The current Elliott Wave Theory 5th phase could be evaluated at the same size....
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Bitcoin trading took price for another plunge below BTC-China's critical 1500 CNY level today. Buying support pulled price back above 1500 CNY and $242 on two occasions before an upward correction set in. 1500 CNY looks set to be tested again. 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 Trading and Price Analysis. Time of analysis: 10h51 UTC. BTC-China 1-Hour Chart. From the analysis pages of xbt.social, earlier today: Price has broken below the 1500 CNY support....
Bitcoin rises more than 2 percent to $430.21, nearing our year-end target of $440. In the previous price technical analysis A No Trade Market, we mentioned that an increasing MFI often causes price appreciation, and we are witnessing just that. The question now is: Would bitcoin be able to extend the gains or will it retrace its steps? Let us try to predict this with the help of technical analysis conducted on the 240-minute BTC-USD price chart. Bitcoin is well poised to increase its duration inside the $400-440 range, at least for the next couple of sessions. There is a high probability....
Bitcoin price teetered on the edge of moving average support near $250 before finally rolling over the edge during the cross-over US/Asia-Pacific hours. Exchange charts show that price had sold off to their support floors near $220 and 1400 CNY before stabilizing near $230 and 1500 CNY. Bitfinex saw the January 2015 low of $160 on a downward spike. 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: 05h11 UTC. Bitstamp 1-Day Chart. From the....
Bitcoin price declined to $240 (Bitfinex) and 1500 CNY (BTC-China) where it found support at its reliable 200-period moving average. A bounce higher is underway and analysis looks for its target and outcome. 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: 05h00 UTC. Bitfinex 1-Hour Chart. From the analysis pages of xbt.social, written 05h00 UTC, prior to the current advancing wave: In the 1-hour Bitstamp chart, above, price has declined....
Bitcoin value (price) has made an intra-day high at $254 (Bitfinex) and 1580 CNY (BTC-China). 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 Value and Price Analysis. Time of analysis: 16h44 UTC. BTC-China 15-Minute Chart. From the analysis pages of xbt.social, earlier today: We are still holding out for higher targets at $260 and 1600 CNY but the corrective action since the high has shown greater energy than the wave up. This leads to the conclusion that the wave....