Bitcoin Price Bullish Confirmation: What Needs To Happen For Next Leg Up To $...

The Dogecoin price has been struggling in the market as bears have dominated in the last couple of months. This has seen the meme coin crash below $0.15, taking investor sentiment down with it. However, as the altcoin seems to be setting up for a recovery with multiple bullish formations. Analysts Call Breakout For Dogecoin Price In an analysis on X (formerly Twitter), Crypto School pointed out that the Dogecoin price continues to hold support above $0.15. This suggests that bulls are making their stand at this level and is now a pivotal level for the altcoin. This means that what the....

Ethereum’s price has undergone a natural fall. How long will the downward trend continue? Will the movement grow into a medium-term trend? There was not enough demand among the Bulls at the level of $11.5, which has caused a drop. The fortification at the level of $11.5 was a confirmation of that drop, which has caused a lack of demand from the buyers. The downward trend will continue, until the Bulls take the advantage once again. A fortification at the key level for the Bears, at around $11.4, will be a confirmation of that. In that case, a turn to growth towards $12 will be likely. This....

Bitcoin price has moved strongly on the first day of the new year, and the increased volatility may herald large price distances during 2016. A fifth wave of advance, from yesterday’s low, pushed higher into strong divergence. The market’s initial reaction was to sell-off from the new local high. The 1hr chart has an apparent MA buy signal but it is not yet well-formed, so confidence in the push higher requires additional confirmation. A bullish confirmation of advance will occur when the 1hr 20MA (green) crosses above the 1hr 200MA (red). Once this MA configuration occurs we also want to....

Transactions are committed to the block chain about every 10 minutes. Zero confirmation transactions do not reside in a block yet. Instead, they reside in the memory pool of miners. Until a block is mined that includes the transaction, it is said to have 'zero confirmations.' Once included in a block and written to the block chain the transaction has one confirmation. Confirmation time is a measurement of a transaction's depth or age, in the block chain; the higher the number of confirmations, the older the transaction. When transactions are first broadcast to the network, they are zero....

After ten months of decline, the only option for the Bitcoin price seems to be more downside. Analysis considers the state of the decline and defines confirmation signals for trend in the months ahead. Bitcoin Price Chart Overview. Two channels of price action imply two very different paths for price: The red channel, at first glance, seems to be the logical choice and implies a decline low around $200. If price does not break below the purple channel's lower trendline (with a caveat - see below) then, we face the prospect of an immediate advance. Fortunately, we don't have to guess....