TA: Bitcoin Settles Above $19K, Why BTC Could Break $19.5K This Time

Bitcoin price traded below 100 SMA (H4 chart) recently, which is acting as a resistance now. A break above it is needed for BTC/USD to gain momentum. Bitcoin price traded a few points higher this past week, but it struggled once again to break the $425-30 resistance area and started to move down. During the downside drift BTC/USD broke the 100 simple moving average (H4 chart), which can be considered as a crucial break. However, the price found support near a bullish trend line on the 4-hours chart (data feed from Bitstamp) of BTC to USD. There was a sharp reaction noted around the trend....

On December 28, the publicly listed firm Marathon Patent Group announced the purchase of 70,000 Antminer S19 bitcoin miners from Bitmain for $170 million. Marathon expects the shipments to complete in 2021, giving the mining operation over a hundred thousand ASIC miners or more than ten exahash of hashpower. Marathon Patent Group, Inc. (NASDAQ:MARA) revealed the company is dedicating a lot of capital toward the bitcoin mining industry. On Monday, Marathon announced one of the largest mining rig purchases to-date, as the firm has purchased 70,000 Antminer S19 bitcoin miners from Bitmain.....

Bitcoin price spent Saturday day-time in persistent advance. At the time of writing this analysis price has fallen back to support. Which side of support the arket settles price today will determine if next week falls into decline or sees renewed advance. 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: 14h30 UTC. OKCoin 3Mth 15-Minute Chart. From the analysis pages of xbt.social, earlier today: The 15-minute OKCoin 3month chart, above,....

Bitcoin price is correcting losses from the $67,500 zone. BTC is recovering and might soon aim for a move above the $70,000 resistance zone. Bitcoin started a fresh decline from the $72,500 zone. The price is trading below $70,500 and the 100 hourly Simple moving average. There was a break above a connecting bearish trend line with resistance at $68,300 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could gain bullish pace if it settles above the $70,000 resistance zone. Bitcoin Price Aims Recovery Bitcoin price failed to trade to a new all-time and started a....

Key Highlights. Dogecoin's price showed no signs of a move higher intraday, and is currently forming a contracting triangle pattern on the hourly chart (data feed from HitBTC). A break above 34-35 satoshis is needed for buyers to take control and push the price higher. The chances of a move higher may increase if the price settles above the 100-hour simple moving average on the 2-hour chart (data feed from CEX. IO). The Dogecoin price's H2 chart shows clear signs of the 100MA providing good cover for the bulls, as it has remained a reliable resistance thus far. Contracting Triangle....