Connect with us

#Bitcoin Price Analysis

Bitcoin Price Analysis, BTC/USD Bulls may arrive soon, 23 July.

Published

on

Bitcoin price bombed by and by close to the $6,600-6,620 resistance. BTC/USD is rectifying lower and it could test the $6,275 and $6,188 supports.

Bitcoin Price Key Features

  • Bitcoin price has been on a tear of late however presently can’t seem to break past another key resistance on its turn higher.
  • Bitcoin Price has been exchanging inside a slipping triangle on the day by day chart and is simply trying the best.
  • A move past this level could experience one more powerful resistance before setting its more drawn out term climb.

Bitcoin price has broken one upside boundary after another and is trying another real one on its turn higher.

Specialized Markers Signs

The 100 SMA is still underneath the more extended term 200 SMA to recommend that the easiest course of action is to the drawback. As it were, there’s as yet a possibility for the selloff to continue from here. The shorter-term moving normally likewise lines up with the triangle top at $7,600 to add to its quality as a roof.

A break past this level could take bitcoin price up to the following unique resistance at the 200 SMA close $9,000. Note that the triangle design traverses $6,500 to $12,500 so the subsequent rally could be of a similar stature.

RSI is now demonstrating overbought conditions and turning lower could bring dealers back in. On the off chance that that happens, the bitcoin price could make another plunge to close-by support zones or the distance down to the triangle support. Thus stochastic is likewise demonstrating overbought conditions.

BTCUSD Price Chart 23 July

BTCUSD Price Chart 23 July

Market Components

Bitcoin Price and its associates have had a solid run a week ago and bulls trust this could be maintained this time. Note, in any case, that the prior positive execution in the primary seven day stretch of the month prompted picks up being returned on negative talk the next week.

In any case, some dollar shortcoming on exchange pressures and Trump’s comments have turned out positive for bitcoin price. All things considered, conventional markets like stocks and products are more delicate to these advancements contrasted with digital forms of money that are as of now being floated by expanded institutional premium.

#Bitcoin Price Analysis

BTC Daily Trading Signals: October 19

Published

on

BTC Price remains in a range-bound market. The strong bearish pressure within the range was dominant as BTC witness drawdown.

Dominant bias for Bitcoin (BTC) –Ranging

Resistance Levels- $6800, $6900, $7000

Support Level-$6000, $5900. $5800

 

BTC remains in a range-bound market. The strong bearish pressure within the range was dominant as BTC witness drawdown. Despite a bullish 4-hour opening at $6735.6 on 18th October that led to the high of the day at $6779.9, the bear takeover was confirmed by the next bearish candle. BTCUSD was down to $6609.3 in the support area.

Though $6607 was the low BTCUSD made on 17th October with the current strong bearish pressure, a lower low may be attained at the end of trading session.

 

BTC 4-hourchart

BTC 4-hour chart

 

BTC Price is below the 10 EMA but sits on the 200 EMA. A break below the 200-EMA may see the bear taking BTCUSD to the 6300 area. The stochastic oscillator is in the oversold region but its signal points down which implies further downward price movement within the range.

BTCUSD is in consolidation and trading between $6800 in the upper resistance area and at $6300 in the lower support area of the range. A breakout at the upper area will be good for a long while a breakdown at the lower area suggests shorting the cryptocurrency.

Continue Reading

#Bitcoin Price Analysis

BTC Daily Trading Signals: October 18

Published

on

BTC remains in consolidation. Upward movement of the cryptocurrency towards the upper resistance level was made possible by the bullish hammer at $6717.60.

Dominant bias for Bitcoin (BTC) –Ranging

Resistance Levels- $6800, $6900, $7000

Support Level-$6000, $5900. $5800

 

BTC remains in consolidation. Upward movement of the cryptocurrency towards the upper resistance level was made possible by the bullish hammer at $6717.60. BTCUSD high of the day was $6794.00 in the resistance area.  Exhaustion to bullish momentum was clearly seen as candles at the area had upper wicks. The bearish pressure was increased with inverted hammer formation. BTCUSD was down to $6674.30 in the support area as the cryptocurrency ranges

 

BTC 4-hourchart

BTC 4-hour chart

 

BTC Price remains below the 10 EMA but above the 200 EMA. The stochastic oscillator is at 23% and its signal points down which implies further downward price movement within the range. A new low at the support area may be attained with the bears’ pressure becoming much stronger

BTCUSD is in consolidation and trading between $6800 in the upper resistance area and at $6300 in the lower support area of the range. A breakout at the upper area will be good for a long while a breakdown at the lower area suggests shorting the cryptocurrency.

Continue Reading

#Bitcoin

Bitcoin surges more than 4% on Bitfinex after a Tether Panic

Published

on

The price of Bitcoin experienced a massive surge in minutes on Bitfinex Exchange as the price rose from $6443 to $6732 in just a couple of minutes.

After the major dumping of Tether which happened on 15th October 2018, more and more people are joining the USDT dumping trend by exchanging their stablecoins into cryptocurrencies especially Bitcoin. The traders and investors are doubting that the Tether or USDT token is not backed by US Dollar and the company is being blamed for misleading the investors.

USDT Dumping

Tether which had a market capitalization of over $2.8 Billion came down to just $2 Billion in a couple of days. So in just a couple of days investors and traders removed more than $800 Million from Tether into Bitcoin and other cryptocurrencies.

 

Bitcoin Surges on Bitfinex

The price of Bitcoin experienced a massive surge in minutes on Bitfinex Exchange as the price rose from $6443 to $6732 in just a couple of minutes as more people started to dump USDT for Bitcoin on Bitfinex.

 

Tether is being blamed for scamming investors this year by a lot of people as the people believe that Tether never had the exact amount of USD backed in 1:1 ratio in accordance to the tether supply.

 

What do you think about Tether? Let us know in the comments section below.

Continue Reading
Advertisement blockonix.com

Live Crypto Prices

  • BTC
  • USD
  • AUD
  • CAD
  • EUR
  • BTC
    Bitcoin(BTC) 6464.78263026
  • ETH
    Ethereum(ETH) 203.885526348
  • BCH
    Bitcoin Cash(BCH) 440.124187857
  • EOS
    EOS(EOS) 5.3573799899
  • LTC
    Litecoin(LTC) 52.9384254961
  • ADA
    Cardano(ADA) 0.0760089044
  • TRX
    TRON(TRX) 0.0240361367
  • DASH
    Dash(DASH) 154.502131606
  • XEM
    NEM(XEM) 0.0939590366

Trending