Bitcoin Targets $25,000 Fib Level With New All-Time High Set
Today, Bitcoin price set a new all-time high record. While that statement certainly speaks for itself, it does beg the question: what comes next? Given the fact that this hurdle was the one the entire investor class was watching, and it is now out of the way, the most logical next target could be $25,000. […]
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Bitcoin Price is in search of a value floor as it gears up for the descent to $200. The chart technicals are clear about the drop but leave us wondering if it will be the final low for this market cycle. This analysis is provided by xbt.social with a 3 hour delay. Read the full analysis here. Bitcoin Value and Price Analysis. Time of analysis: 12h30 UTC. Bitfinex 1-Hour Chart. Bitcoin price attempted a move higher during the Asian session but was rejected at by the descending Fibonacci fan line and adjacent 50% Fibonacci retracement level near $240. There move down, since, has been strong....
Bitcoin price has been consolidating in an ever-tightening range between its current all-time high around $42,000 and a low of nearly $28,000. But could a new all-time high be only days away? The CEO of a capital management firm believes so, and has shared chart demonstrating a clear technical breakout in the top cryptocurrency by market cap. Here’s a closer look at the current price action and potential upside targets. Bitcoin To Reach New All-Time […]
Bitcoin reclaimed the $19,000 level, but charts suggest BTC and altcoins may consolidate for a few days before starting the next trending move. Bitcoin price hit a new all-time high above $19,892 on Dec. 1. This is a significant event because it proves that the rally in 2017 was ahead of fundamentals but not a bubble. Generally, when a bubble bursts, it takes several years for the price to cross the high made during the bubble. For example, the Japanese stock market bubble came after a high was made way back in 1989, and that level has not been conquered yet. Similarly, silver’s high close....
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