#Bitcoin Price Analysis BTC Daily Trading Signals: 31 October Published 3 months ago on October 31, 2018 By Azeez Mustapha Share Tweet Dominant bias for Bitcoin (BTC)- Bearish Resistance Levels- $6800, $6900, $7000 Support Levels- $6000, $5900. $5800 BTC continues in a bearish trend. The bears are having a great day as they held control of the market pushing the cryptocurrency to a new low yesterday. Rejection of the bulls attempt for upward price movement occurred at $6383.6 in the resistance area. With the formation of an inverted hammer and confirmed by the bearish marubozu candle at 6354.40 the bears made a return. BTCUSD dropped to $6302 in the support area before the end of yesterday session due to the Bears’ pressure. BTC 4-hour chart The bulls showed sign of gradual returned with the bullish hammer formed at the close of the session. The opening 4-hour candle was a doji hence the current candle forming may give a direction as either the bulls or the bears will control the market. It is obvious that after each flag formation the bears do return and drop the cryptocurrency to a new low. Hence the current bullish momentum is creating a good flag that may set the stage for the bears’ ultimate return for a new low before the end of the day. Related Topics:Bitcoinbitcoin blockchainbitcoin chartbitcoin forecastbitcoin futurebitcoin predictionbitcoin pricebitcoin price 2018bitcoin price todaybitcoin to usdbitcoin tradebitcoin tradingBlockchainbtcbtc analysisBTC exchangeBTC exchange rateBTC forecastBTC futureBTC predictionbtc pricebtc price analysisBTC TO USDBTC TRADINGBTC USD Chartbtc/usdbtcusddaytrading Up Next XRP Daily Trading Signals: 31 October Don't Miss Series E funds from big venture companies arrive at Coinbase for Crypto Adoption Continue Reading You may like Satoshi Nakamoto’s Dream: The History of Bitcoin: Part 1 Bitcoin Maximalists: Leading towards a hazardous path. Why Ethereum has no future Kevin Connolly’s Cryptos TV show: The Good and the Bad Wyoming: The Bitcoin Capital of USA Bitcoin Still Stays Strong: Gamblers Prove 1 Comment 1 Comment Pingback: BTC Daily Trading Signals: 31 October – The Coinage Times Leave a Reply Cancel reply Your email address will not be published. Required fields are marked *Comment Name * Email * Website #Bitcoin Price Analysis Bitcoin Price Analysis: Will BTC rise or fall? Published 3 weeks ago on January 1, 2019 By Nadja Eriksson Technical Indicators: Support Level: $3600, $3700 Resistance Levels: $3900, $4200 Key Points: Bitcoin price has found major support above $3600 which is not letting the sellers push the price downwards. Bitcoin price is gaining momentum and a lot of buyers bought bitcoin during dips in the past few days. Bitcoin might move above $4000 in short-term to test the major resistance around $4200. Bitcoin price broke the bearish trend line with resistance close to $3700 and moved above. Bitcoin will most likely break above $4000 level and test the resistance around $4200. Bitcoin Price Analysis: Bitcoin price showed bearish momentum in the past few days falling down from above $4000 to around $3600 before starting the correction. The momentum right now is however quite bullish as the robust support above $3600 pushed the price upwards with a lot of buying. The price will likely experience some dips before actually rising above $4000 to test the major resistance. BTCUSD 24 hour chart Looking at the 24-hour chart, the support above $3600 is quite strong. However, the bitcoin needs to break the short-term resistance around $3900 in order to move above $4000 to test the major resistance point. Bitcoin is currently trading around $3774.75 according to Bittrex Chart (at the time of writing). The following article showcases the viewpoints of the writer and not Coinnounce.com. The readers are advised to do their own research and analysis before investing or trading in any digital assets such as bitcoin which is quite volatile in nature. Continue Reading #Bitcoin Price Analysis Bitcoin and Gold correlation: BTC to $5500 with head and shoulders pattern? Published 4 weeks ago on December 29, 2018 By Layla Harding According to an article published by the Wall Street Journal, the price of bitcoin and gold is trading in a correlation with each other. The price of gold has mostly been trading opposite to the stock markets as gold is considered a hedge to the stock markets. From the last 5 days, gold and bitcoin have been trading in a similar pattern. According to the report, bitcoin and other top cryptocurrencies have been trading at around 0.84 correlation with the price of gold where -1 represents a complete inversion and +1 represents a correlation. Why is bitcoin rising? The article explains that large institutional investors are entering into the cryptocurrency space with Bitcoin being the primary investment. According to the publication, assets under management worth $55 million were seen by the trust in 2013. In the end of last year when the price of bitcoin was at the highest point, the assets under management also saw a rise to around $3.5 billion. For now, as the market is in a downtrend, only around $900 million are retained by the assets under management. The publication also explains that the venture capital investment in bitcoin was around $96 million in 2013 whereas it saw rise up to $500 million in 2016 and again a surge last year when the venture capital investment into cryptocurrency space was around $2 billion. With the regulation of bitcoin and other cryptocurrencies rising around the world especially the United States of America, more and more institutional investors are entering into the cryptocurrency space. Another great news for the crypto environment is the launch of Bakkt Exchange early next year which will allow the physical delivery of bitcoin futures. Other great events such as the launch of Fidelity’s digital asset business is also proving to be quite beneficial for cryptocurrencies especially bitcoin. Bitcoin Price Analysis: BTCUSD 2 month chart Bitcoin saw a whopping surge in price yesterday when the price of bitcoin increase by more than $250 in just a matter of minutes. The chart of bitcoin shows a formation of ‘head and shoulders’ which explains the high possibilities of a massive bullish run in the near future. Bitcoin might rise straightaway up to $5500 if the pattern proves to be correct. The next major resistance for bitcoin lies between $5300 and $5500. The following article is not financial advice. The readers are advised to do their own research and analysis before investing in the cryptocurrency market which is quite risky. Continue Reading #Bitcoin Price Analysis Bitcoin, Dow Jones Price Analysis: BTC heading to $4200? Published 4 weeks ago on December 28, 2018 By Nadja Eriksson Bitcoin price has started a bull run shaking off yesterday’s bear attack. The price of bitcoin has increased by more than $250 in just a matter of minutes and also the volumes are massive which indicate that this may not be a dead cat bounce. Bitcoin Price going for $4200? BTCUSD 24 hour chart After dropping to a low of around $3550 yesterday, bitcoin price has started to show bullish momentum rising more than $250 in a couple of minutes from around %3600 to $3850. Along with bitcoin, other major cryptocurrencies such as Ethereum, XRP and Bitcoin Cash are also in bullish momentum. BCH was trading around $146 just before the bull run and is currently trading around $173 (at the time of writing). ETH started the bull run around $115 and went up to $135, currently trading around $132. XRP went up from $0.3416 up to $0.3780 in a matter of minutes. The reason behind the sudden rise is not clear yet although the CME bitcoin futures expired earlier today around 5 hours back from now (from the time of writing). Dow Jones Industrial Average in a downfall: Dow Jones Industrial Average, as well as the S&P 500, have dropped significantly. At the time of writing, Dow Jones Industrial Average is currently down by around 0.38% while S&P 500 is down by around 0.27%. Though the cryptocurrency market is not directly related to the equity markets, somehow the current moves of bitcoin are opposite to the equity market charts. Continue Reading Advertisement Advertisement Advertisement Latest Crypto News #Bitcoin9 hours ago Satoshi Nakamoto’s Dream: The History of Bitcoin: Part 1 #Blockonix18 hours ago How to use Blockonix DEX: A step by step guide #Bitcoin19 hours ago Bitcoin Maximalists: Leading towards a hazardous path. #Ethereum22 hours ago Why Ethereum has no future #Bitcoin2 days ago Kevin Connolly’s Cryptos TV show: The Good and the Bad #Centralization2 days ago How Proof of Stake is Devastating for the Crypto Space? #Bitcoin2 days ago Wyoming: The Bitcoin Capital of USA #Gambling3 days ago Bitcoin Still Stays Strong: Gamblers Prove #Scam3 days ago ICOs Keep Failing: How Not to Fall for a Scam #Blockchain4 days ago Top 10 Friendly Countries for Blockchain Startups #Exchange4 days ago Stock Exchange of Thailand moving towards Cryptocurrency #Bitcoin4 days ago Bitcoin and Dark web: Transactions increasing, Values decreasing #Bitcoin5 days ago Trump Government Shutdown: Impact on Bitcoin ETF, Bakkt and Cryptos. #Bitcoin6 days ago Bitcoin Lightning Network Updates 2019: Advancements and Forecast #Bitcoin6 days ago France Yellow Vests Bank Run: Fractional Reserve Banking Fraud, Is Bitcoin The Real Solution? Trending #Bitcoin4 months ago Bitcoin BTC ETF 101, October 2018 #Bitcoin4 months ago Bitcoin ETF: Latest updates and all you need to know Adoption4 months ago SWIFT will use XRapid to process payments using XRP. Here is the proof #Blockchain5 months ago What is DigixDAO coin? Trade DigixDAO on Blockonix Exchange. #Blockchain6 months ago What is Aeternity Token and its future? Fully Explained. #Blockchain5 months ago What is Mithril coin? Trade MITH on Blockonix exchange. #Blockchain6 months ago What is Maker Token? Fully Explained. Is MKR overpriced? #Blockchain6 months ago Ethereum vs EOS: Which one is the Vanquisher?