Price Despite that the last week turned out to be bullish, bitcoin did not manage to close September above 7000, which leaves the monthly candle in a bearish state. Worth noting, that the last-week rally could be a manipulation in an attempt to close the monthly candle in a bullish state, which could be a good be a bullish signal for big players. Nonetheless,...
Price BTCUSD managed to find a support at the 6450 level yesterday and took-off breaking above 6600 on the way. Now bitcoin is testing 6800 level, which was the turning point for the last bullish movement, overcoming this level will lead the main currency to the highly resistive area 6800 – 7000, which also contains the 100-days EMA. Breakthrough of this area...
Price Correctional movement proceeds, yesterday growth did not manage to reach 6600 resistance, turned around on the 6550 mark and fell to the 6450. The volatility decreases, which talks about uncertainty in the market. Near-term boundaries are 6550 and 6450 levels, without any significant events today the price will probably proceed inside this channel. 6600 –...
Price Yesterday's drop reacted on the Bearish Trend Line and now fluctuates around it. The turnaround of the bearish trend at the 6350 level, talks in favor of bullish moods, the price holding above the Bearish Trend Line will also add to the bullish picture. Still, the main factor to consider any bullish predictions is a comeback above 6800. The nearest support...
Price And we are back in the 6250 – 6600 zone. Not managing to hold on to the 6600 level BTCUSD breaks it and falls back to the Bearish Trend Line at the end of the Monday. There was a short reaction on the Trend Line, but selling pressure took over again and the fall continues at the time of writing. The next support on the way down is 6250 level. Obviously,...
Price Bitcoin spent weekends in a lateral manner, after peaking at the 6800 high on Friday. The Friday rally ended the two-weeks long correctional movement, which was going near the year minimum at 5750, and brought the price one step closer to the establishment of the turnaround pattern. Resistance at 7000, which also coincides with the 100-days EMA, is the...
XBTUSD Technical Overview: Day Trading Range: $6630 - $6945 Pivot: $6712 Key Resistance: $6757 - $6832 - $6885 - $6945 Key Support: $6664 - $6630 - $6582 - $6532 Technical Indicator: Moving Average: SMA 20($6695) resistance & SMA 50($6508) strong support for Bitcoin today. RSI: The indicator shows upside divergence & moving above level 50. Technical Trade...
Price Yesterday, despite the new statement from SEC about delaying the SolidX Van Eck Bitcoin ETF decision again, after short fluctuations at the 6400 level bitcoin found a support and went upwards accompanied by a rise in volumes. At the end of the yesterday, BTCUSD reached 6600 level, and today already broke above Bearish Trend Line. On the way up the price...
Price Wednesday was rich in events. To the closure of the CBOE futures contracts news about the hack of the Japanese exchange Zaif($60 million in digital assets, including Bitcoins, Bitcoin Cash, and MonaCoin was stolen) was added causing a flash sell-off, which, nonetheless, did not cause any change in the overall tendency. The sell-off happened at 17:00 UTC on...
XBTUSD Technical Overview: Pivot: $6342 Day Trading Range: $6250 - $6630 Key Resistance: $6410 - $6450 - $6520 - $6585 - $6620 Key Support: $6364 - $6338 - $6281 - $6230 - $6150 Technical Indicator: Moving Average: Price is above SMA 55($6390) strong support & below SMA 100($6492) strong resistance for the day. RSI: Indicator show upside bias, moving above...
Price The price gradually climbs to the another-one Bearish Trend Line, drawn through the overall peak (20000) and recent turnaround point on September 18. Meeting with this line could add volatility to the market and possibly bring the price to new levels. The price still reacts on the support zone below 6250, so proceeds lateral movement in 6250 – 6100 channel....
XBTUSD Technical Overview: Pivot: $6311.4 Key Resistance: $6354.5 - $6397.17 - $6431.5 - $6465.83 - $6542.43 Key Support: $6277.5 - $6243.17 - $6200.5 - $6157.83 - $6080.3 Technical Indicator: Moving Average: SMA200 ($6392.43) & SMA100 ($6452.78) Strong Resistance for Bitcoin today. RSI: RSI lacks downward momentum (above 50 level), forming a symmetric...
Price Yesterday 6400 level was squashed by massive sell orders which brought the price to the lower bottom of the channel. The downward movement did not manage to renew last-week lows at 6100, the fall stopped at the 6200 level and now the price hangs above 6250. The overall picture has not changed, the bitcoin still moving in the lateral channel, inside the...
Price Weekends did not bring any volatility and pass in the narrow lateral movement. The main levels for the current week will be last week’s bounds, the low at 6100 and high at 6600. Local near-term support was established during the latest days at 6400. From the weekly perspective, the last few weeks have the potential to form a turnaround pattern if BTCUSD...
Price Friday is the third day of grows, which brings the price to the upper bound of the 6250 – 6600 channel. Despite that this grows did not have any noticeable volumes or momentum, the fact that the price holds above psychological 6500 and leans to technical level 6600 opens a possibility for a breakthrough and further bullish developments, especially if...
Bitcoin Technical Analysis Day Trading Range: $6400 - $6755 Key Resistance: $6574 - $6653 - $6755 Key Support: $6488 - $6430 - $6372 Technical Indicators: MACD: MacD showing heavy volume in upside bias. Moving Avg: SMA50 ($6352.20) Strong Support & SMA100 ($6735.50) Strong Resistance for the day. Technical Most Likely Scenario: Long Above $6400 with target...
Price Yesterday BTCUSD found a support around 6200 and to the end of the day showed 2.5% growth, breaking above the weekly trend line and closing the day around 6400. It is already seven days, the price moving in a narrow channel after a massive fall (almost 16%) which has whipped out almost all August gains. Overall picture stays the same, the price is low...
Bitcoin Technical Overview: Day Trading Range: $6200 - $6500 Key Resistance: $6430 - $6455 - $6500 - $6545 Key Support: $6343 - $6300 - $6280 - $6220 Technical Indicators: RSI: Indicators shows upside strength, moving above 50 level. MACD: MacD having volume between 0-25 level which indicate short term upside bias. Moving Avg: SMA20 ($6291.5) support &...