Bitcoin Price Weekly Analysis – BTC/USD To Correct Lower?
Bitcoin price recently corrected once against the US Dollar, but it looks like the BTC/USD pair may correct further towards the $680 level. Key Points. Bitcoin price after trading as high as $758 started correcting lower against the US Dollar. Recently, there was a break below a bullish trend line formed on the 4-hours chart (data feed from SimpleFX) of BTC/USD. The price is also below the 100 simple moving average, calling for further correction waves. Bitcoin Price Resistance. BTC price gained recently to trade as high as $758 against the US Dollar where it found sellers and moved down.....
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Bitcoin Weekly Analysis: Key Highlights. Bitcoin after trading close to the 250.00 resistance area failed to maintain gains, and is currently heading lower. It remains at a risk of a downside break, which might take it towards 230.00. In one of the previous analyses we forecasted that Bitcoin might struggle to clear the 247.50-250.00 resistance area and could correct lower. It started a short-term correction, and also formed a descending channel on the 4-hours chart. Recently, the price dropped to the 76.4% fib retracement level of the last leg from the 227.50 low to 247.50 high. It also....
Bitcoin price is facing a strong resistance near the $27,300 area against the US Dollar. BTC could correct lower towards $26,000 or $25,500 in the near term. Bitcoin seems to be struggling to gain bullish momentum above the $27,300 barrier. The price is currently trading above the $26,500 support and the 100 hourly simple moving […]
Ethereum price traded with a bullish bias this past week, and it looks like ETH may continue to trade higher in the near term. Ethereum price broke a resistance area this past week vs the US Dollar and traded higher. There was a contracting triangle pattern formed on the 4-hours chart (data feed via Kraken) of ETH/USD, which was broke to clear the way for more gains. The price may correct a few points higher, and might find buyers near the $9.50 support area. Ethereum price ETH was in an uptrend this past week vs the US Dollar, and it broke $10.0 to trade towards $11.00 where it found....
Bitcoin price lurched to a nominal new high in some exchange charts and a lower high in most others. By the time of today's xbt.social morning analysis the signs were in the charts: the bulls had given it all they could but had depleted their resources and energy. Will they, after a price correction, regroup and stampede again, or can the bears come out of their six-week hibernation? 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: 14h08....
Ethereum price traded positively this past week to post gains above $10.00, but it looks like it may correct lower in the near term. Ethereum price after trading from the $7.20 low to $10.40 high found sellers and started to move down. This past week I mostly suggested to buy and it worked. This upcoming I see ranging moves, so we may get opportunity to enter into both sides of the market. Looking at the charts at present, there is a slight increase in the bearish sentiment, which means, it can trade lower. There was a bullish trend line formed on the hourly chart (data feed via Kraken) of....