#Bitcoin Price Analysis Bitcoin Price Analysis: BTC/USD may break resistance at $8300. Published 3 months ago on July 30, 2018 By Coinnounce - Coin Announcements Share Tweet Bitcoin Price Key Focuses Bitcoin price is holding a vital support at $8,000 against the US Dollar. There is a critical bearish pattern line set up with resistance at $8,300 on the hourly chart of the BTC/USD match (information feed from Kraken). The match should clear the $8,300 obstruction to continue its upward move over the $8,500 level. Bitcoin price is merging increases above $8,000 against the US Dollar. BTC/USD could exchange to new a month to month high in the event that it prevails with regards to settling above $8,300. Bitcoin Price Analysis Subsequent to declining beneath the $8,000 level, bitcoin price discovered support close $7,800 against the US Dollar. The BTC/USD combine trimmed most its misfortunes and exchanged back over the $8,000 level. There was even a break over the half Lie retracement level of the last drop from the $8,503 high to $7,800 low. The price settled over the $8,100 level and the 100 hourly basic moving normal. In any case, the upside move was topped by the $8,300 resistance. All the more critically, there is a vital bearish pattern line set up with resistance at $8,300 on the hourly chart of the BTC/USD match. A similar pattern line is near the 61.8% Lie retracement level of the last drop from the $8,503 high to $7,800 low. Along these lines, an effective close over the pattern line and $8,300 resistance may maybe open the entryways for more picks up. BTC price could bounce towards the $8,500 high. Over this, the price will in all likelihood quicken increases above $8,550 and frame another month to a month high. BTCUSD Price Chart 30 July Taking a gander at the chart, the bitcoin price is attempting to clear the $8,300 boundary. Ought to there be a drawback response, the $8,100 and $8,000 supports levels could be tried. Beneath $8,000, bitcoin may perhaps confront an expanded offering weight. Taking a gander at the specialized markers: Hourly MACD – The MACD for BTC/USD is gradually moving back in the bearish zone. Hourly RSI (Relative Strength Index) – The RSI is as of now moving lower towards the 40 level. Significant Support Level – $8,000 Significant Resistance Level – $8,300 Related Topics:Bitcoinbitcoin pricebitcoin price 2018bitcoin price 30 julyBitcoin price analysisBitcoin price chartbitcoin price forecastbitcoin price future analysisbitcoin price opinionbitcoin price predictionBITCOIN PRICE TECHNICAL ANALYSISbitcoin price watchbtc pricebtc price analysisbtc price chartBTC price forecastBTC price predictionBTC price technical analysisBTC price usdBTC TRADEBTC TRADINGbtc/usdbtcusd Up Next Cardano Price Analysis: ADA/USD Experiencing Strain, 30 July Don't Miss Should you invest in ethereum classic in 2018? Continue Reading You may like Mt Gox: Final chance to claim, last 4 days Latest: Bitcoin Mining Complete Analysis Fortnite using Cryptocurrency: ERC20, ERC721 and more, good or bad? BTC Daily Trading Signals: October 19 BitGo receives $59 Million funding from Goldman Sachs BTC Daily Trading Signals: October 18 3 Comments 3 Comments Pingback: Bitcoin Price Analysis: BTC/USD may break resistance at $8300. – Btc News Magazine Pingback: Bitcoin Price Analysis: BTC/USD may break resistance at $8300. – The Coinage Times Pingback: Crypto Update: Bitcoin Bull Flag Holding the Bid 7-30-18 Leave a Reply Cancel reply Your email address will not be published. Required fields are marked *Comment Name * Email * Website #Bitcoin Price Analysis BTC Daily Trading Signals: October 19 Published 23 hours ago on October 18, 2018 By Azeez Mustapha 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-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 2 days ago on October 18, 2018 By Azeez Mustapha 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-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 2 days ago on October 17, 2018 By Janet F. Sanchez 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. 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