In the current week, we saw major cryptocurrency giving out a relief rally with BTC almost gaining a well over 17% compared to last week closing. One of the anticipated major factors for the relative run is the end of tax season being over on 17th April and so, investors are entering again to reap benefits from these lower levels. Furthermore, the announcement...
BTC is trading at $8,180 representing a gain of about 1% in last 24-hours.
Bitcoin Weekly Price Analysis
BTC post the climb above the long-ranged line of resistance has been consolidating between the range of $7,700 – $8,400.
Bitcoin Weekly Technical Price Analysis
If we look into the shorter time-frame of 4-hour, a small bullish pattern (cup & handle) can be...
resistance is located in the aforementioned 50-EMA, located now at $8540, followed above there by the 100-SMA at $9685. Price resistance is at $9550 and the last one, the most important one, is the 200-SMA at $9892.
MACD in the Bitcoin 4-hour chart is moving around the neutral line, showing a certain pause in the rebound from lows from last Sunday. BTC price will...
The total market capitalization of cryptocurrencies has plunged by as much as 23% from the highs of $89.9bn on Monday. The declines happened amid news that Google (NASDAQ:GOOGL) will follow Facebook (NASDAQ:FB) and ban cryptocurrency and ICO advertisements on its applications. The Google ban will come into effect in June of this year. It is also understood that...
It can't get better than this, the chart was published a few weeks back and you can see that the predictions worked extremely well.
Bitcoin Just following the triangle and the movement predicted.
If you look at the trend of the BTC/USD on BITFINEX, Bitcoin looks extremely week and is struck in a triangular pattern.
10,000 looks like a great support level for bitcoin unless it breaks and goes below previous low , we might see levels of 5000-6000
If you look at the volumes of global market for bitcoin, it has drastically gone down in comparison to other...
