A Geopolitical Picture Of The Bitcoin Price Breakout
Bitcoin broke out of a range to reach almost $21,000. What’s happening with currencies around the world that may be influencing this price action?“Fed Watch” is a macro podcast, true to bitcoin’s rebel nature. In each episode, we question mainstream and Bitcoin narratives by examining current events in macro from across the globe, with an emphasis on central banks and currencies.Watch This Episode On YouTube Or RumbleListen To The Episode Here:AppleSpotifyGoogleLibsynIn this episode, CK and I cover extremely important updates for the future of the global economy.....
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Upside Breakout. Hourly Bitcoin Price on Bistamp with Fibs, Support/Resistance/Trend Lines and MACD. The trading range Bitcoin found itself mired in for the last few days has finally broken to the upside. After the fall from $1000 (Bitstamp rate), the Bitcoin price found strong support and bottomed around $800, as suggested in my last trading update. Bitcoin price then struggled to rise above the 38.2% Fib or $850 level. Now broken to the upside, this level will likely act as support as Bitcoin price currently falls to retest the breakout. The next immediate challenge is the 50% Fib, which....
Ethereum has finally crossed over the downward sloping resistance line, albeit on a low volume, which fails to induce any confidence in the breakout. As can be seen from the 2-hour ETH-XBT price chart taken from Kraken exchange, there is no visible surge in volume reading even after the resistance has been taken out. A major contribution in ETH/XBT price rise is the sudden collapse in Bitcoin price. A free falling Bitcoin will aid this pair. Ethereum is currently trading at 0.00240BTC. The technical picture suggests that Ethereum will face significant selling pressure 0.00283BTC even if....
Bitcoin has faced a strong correction in the past 24 hours, dropping to $10,400. This comes after the coin hit $11,200 last week in a breakout that some thought would take the coin to $12,000. Bitcoin’s weakness comes as legacy markets like the S&P 500 have bled lower due to a number of geopolitical and macro trends. Analysts are still optimistic about BTC’s price action despite the recent weakness. One fund manager in the space […]
Bitcoin price breakout to the upside after completing a corrective decline over the past few days. This analysis is provided by xbt.social with a 3 hour delay. Read the full analysis here. Bitcoin Price Analysis. Time of analysis: 14h30 UTC. Bitfinex 1-Hour Chart. A price surge from $192 happened following a few days of corrective consolidation to below $200 and $1,200CNY. A narrowing MACD indicator was the clue to an imminent breakout and today, around 09h00 UTC buyers started piling into the uptrend. The first obstacle was $222, the level of a Fib fan level displayed in the charts here....
Bitcoin price is still stuck in consolidation but might be ready to make a strong breakout in either direction sooner or later. Bitcoin Price Key Highlights. Bitcoin price formed higher lows and lower highs, creating a symmetrical triangle pattern on its 4-hour time frame. Price is still stuck inside that triangle pattern for now but a breakout might be due since it is approaching its peak. A breakout in either direction could set the longer-term trend for bitcoin. Technical Indicators Signals. The 100 SMA is currently below the 200 SMA, signaling that the path of least resistance is to....