Impending Bitcoin’s Price Correction May Be Brief If This Key Trend Persist

Impending Bitcoin’s Price Correction May Be Brief If This Key Trend Persist

Bitcoin‘s recent upward momentum appears to be losing steam as the digital asset has shifted toward bearish territory, sparking speculations about upcoming price corrections. However, considering several factors and trends, these much-anticipated price pullbacks for BTC might be short-lived. Bitcoin Likely To Recover Swiftly From Any Correction Delving into Bitcoin’s price dynamics and developments, Santiment, […]


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Bitcoin’s price is undergoing a correction toward the long-term upward trend. For how long will this correction last, and at which point is the long-term upward trend most likely to continue? What has caused the start of this correction? One of the key long-term levels was near $760-80. A long-term downward trend has been forming along that price as far back as 2014. The price of $760-80 has become a key level. The placing of the correction level of the Fibonacci grid 38% has given more significance to that range. That’s why it could be called a historical maximum, which was later....

Bitcoin Price Analysis: 5/12/2016

Bitcoin’s price is still undergoing a medium-term downward correction. A turn to growth didn’t happen, which means that there is a possibility of the price dropping to the next level. Where might the current correction end? Bitcoin’s price has not reached its top key level. After forming a micro-flat, it has continued its fall. Thus, a new resistance line has formed at $454. The length of the current correction depends on the moment when the advantage will go from the bears to the bulls. Bitcoin’s price has reached a key level at $445, and now there will be either a turn or a downward....

Bitcoin Price Analysis: 4/14/2016

Bitcoin is still undergoing a correction towards the upward trend. Will that trend continue or should we expect a turn to decline followed by a sharp fall? At which point is the upward trend most likely to continue? Bitcoin’s current rebound may likely grow into a turnaround. The current price is profitable for the bulls. Thus, the reaction of the price at the current level will indicate with whom the advantage lies on the market. In order to break the structure of the correction and continue the upward trend, Bitcoin’s price has to enter a zone, which is profitable for the bears. $426 is....

Bitcoin Price Analysis: 6/02/2016

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