Bitcoin Price Downtrend Far From Over, Why BTC Could Test $15K
Bitcoin price failed to clear $18,000 and started a fresh decline. BTC is showing bearish signs and it might soon decline towards the $15,000 level. Bitcoin started a fresh decline from the $18,000 and $18,150 resistance levels. The price is trading below $18,000 and the 100 hourly simple moving average. There is a key bearish trend line forming with resistance near $16,600 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could resume its decline below the $15,500 support zone in the near term. Bitcoin Price Resumes Drop Bitcoin price attempted a recovery wave....
Related News
Litecoin Price Key Highlights. Litcoin price has been in a strong downtrend against bitcoin, as price has been trading below a falling trend line and has just broken below a short-term consolidation pattern. Price is currently testing the previous lows, gearing up for a bounce or perhaps another downside break. Litecoin price could be in for a correction from its recent selloff, as a bullish divergence can be seen from stochastic. Another Trend Line Test? Stochastic has been making higher lows while price recently made lower lows, creating a bullish divergence visible on the 4-hour chart.....
Bitcoin price could test the top of the triangle, which might hold as resistance since it coincides with the 100 SMA and is coming off a strong downtrend. The 100 SMA is below the longer-term 200 SMA so the path of least resistance is to the downside. This suggests that the $390-400 area might keep gains in check, pushing bitcoin price back to the bottom of the triangle at $370-375. Stochastic is on its way up, after just making it out of the oversold region. This indicates that bullish pressure is present and that buyers could attempt to push past the triangle resistance. If so, price....
Bitcoin price could continue to drop after completing a correction to the area of interest at $580. Bitcoin Price Key Highlights. Bitcoin price is still trending lower on its short-term charts, following a break below consolidation and reversal formations. Price could pull up to the descending trend line on the 1-hour chart before resuming its slide, giving sellers an opportunity to catch the downtrend at a better price. Technical indicators are confirming that a downtrend could be in the works. Technical Indicators Signals. The 100 SMA is making a downward crossover from the 200 SMA to....
The Bitcoin price continues its long steady decline, but has been range bound within a larger decline. This has been a tricky place as the price has whipsawed around. This happens when price heads in one direction, but then is followed quickly by a movement in the opposite direction. The price started the week at US$224 and while we expected the price to go down and test the US$210 and then US$200 levels, it instead went up to US$240, breaking through some minor resistance levels before heading back down and hitting near our $210 level, where it has bounced off support and is, at the time....
After a slight pickup in volatility last week, the dogecoin price settled back in its current range between 47 to 50 satoshis. The 100 exponential moving average (green) has held as resistance, indicating that the consolidation or longer-term downtrend might stay intact. Price hit resistance around 51 satoshis last week and proceeded to test the range support near 48 satoshis. Stochastic (8,3,3) on the dogecoin price chart from Hitbtc is between 60 and 80 and is moving down, indicating that selling pressure is building up. Further declines in the stochastic indicator could mean more losses....