Bitcoin (BTC) Price Analysis: Aiming for Longer-Term Floor
January 30, 2019
Bitcoin continues to trend lower inside a short-term descending channel, possibly attempting to break below the current support. This is around the mid-channel area of interest of an even larger descending channel.
A break below the…
Bitcoin (BTC) Price Analysis: Channel Support Bounce, Next Targets
January 29, 2019
Bitcoin found support at the bottom of its descending channel on the 1-hour time frame and looks due for a pullback to the top. Applying the Fibonacci retracement tool shows the next potential resistance levels.
The 50% level is close…
Bitcoin (BTC), Top Cryptos Fall to Lowest Point in 2019
January 29, 2019
Bitcoin (BTC), Cryptocurrency–While the start of 2019 has brought about a wave of development for the interest and adoption of cryptocurrency, coin prices took a hit amidst market-wide selling.
Bitcoin, which had managed to…
Bitcoin Price Analysis: Candlesticks Arrangement Favor BTC Bulls
January 28, 2019
Latest Bitcoin News
It has been described as the future of money. Bitcoin remains tamper proof, inflation and censorship resistant. But, how will things pan out going ahead? Are Bitcoin related products needed? First, Bitcoin is a…
Bitcoin (BTC) Price Lift-Off Coming Into View As Capitulation Nears?
January 27, 2019
Bitcoin has been treading water again and the last time that happened, in November at the $6,000 level, it was the prelude to a sharp fall.
If that were true it would probably be good news for bitcoin as it would indicate that the…
Bitcoin (BTC) Price Analysis: Broadening Wedge Formation
January 25, 2019
Bitcoin is forming lower lows and higher highs to create a broadening wedge formation on the 1-hour time frame. Price recently bounce off support and may carry on to climb to the top.
The 100 SMA is below the longer-term 200 SMA…
Bitcoin (BTC) Price Analysis: More Downside Targets?
January 24, 2019
Bitcoin recently broke below a short-term rising trend line to signal that bearish pressure was very much in play. Price bounced off support around the $3,500 area but this seems to be a mere pullback from the breakdown.
Bitcoin hit…
Bitcoin (BTC) Price Analysis: Potential Reversal Formation?
January 23, 2019
Bitcoin might be done with its slide as it failed in its recent attempt to break below the $3,550 lows. This could lead to the formation of a double bottom on its 1-hour time frame.
Price has a lot of room to climb before testing the…
