Critical Technical Signal Suggests Bitcoin Price Will Likely Reverse

Critical Technical Signal Suggests Bitcoin Price Will Likely Reverse

Bitcoin has undergone an extreme rally over the past two weeks. The coin has surged from $11,200 to $13,000 as of this article’s writing, with the rally topping on Saturday evening at $13,350. While BTC is heading into the weekly close around $13,000, which is a pivotal win for bulls, analysts are wary of a […]


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Bitcoin Technical Analysis - Price Reversal Underway

Bitcoin Technical Analysis reveals that the uptrend is about to reverse from current levels. An exuberant breakout has fizzled out and lost critical momentum. Last week's article warned of a bull trap in the making. If the ensuing downturn is merely a correction, advance may return with a vengeance, but if large market players again fail to participate, matters look different. Takeaway. Traders and investors should brace themselves for a strong price reversal. The advance is losing momentum. Indicators signal overbought conditions and declining volume speaks of a lack of wider....

Bitcoin Price Technical Analysis for 12/1/2015

The price of Bitcoin started the day by a slight rise from $268 to around $274, before falling again to $268. The price seems to be oscillating today between $268 and $274, as we estimated yesterday that the price is likely to move sideways, as it approaches the $255 support point. The Advance/Decline line is sloping downwards (look at the below chart) which means that the downtrend is rather strong and is not likely to reverse today. The chart also shows the low trading volume compared to yesterday. If the price is to continue dropping or reverse to the bullish side, a bigger trading....

Crucial Bitcoin Buy Signal Last Seen at End of July Just Appeared

Bitcoin has embarked on a strong rally over the past few days that has brought from the $9,800 lows to $11,500. This is an over 15% rally that has brought the coin above crucial technical levels. Analysis predicts that Bitcoin is set to continue its surge to the upside. The analysis shows an imminent reversal in the one-day MACD, coupled with Bitcoin moving above a critical moving average. Critical Bitcoin Buy Signal Is About to […]

Bitcoin Price: Is The Advance About To Reverse?

The Bitcoin price advance is curving upward above $300 and 1900 CNY. The advance is so persistent that the technical indicators in the intra-day charts have become somewhat meaningless due to compounding divergence. Technical analysis considers the likelihood of a surprise reversal, as opposed to non-stop 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: 18h34 UTC. Bitstamp 1-Day Chart. From the analysis pages of xbt.social,....

Bitcoin Price Technical Analysis for 8/7/2015 - More Downside Possible

The profit booking which began since Bitcoin hit a high of $278 continues. Bitcoin price has dropped 2.37% since yesterday to be trading at $264.55. With this decline, the cryptocurrency also breached a near-term support of $267 and I believe the next downside target is $260. The 240-minute BTC-USD price chart above indicates that Bitcoin may face more pressure as technical indicators as well as the chart structure have turned bearish. Bitcoin Chart Structure - A simple glance at the above chart would reveal a Head and Shoulders pattern - a bearish pattern which indicates a trend reversal.....