Bitcoin Analysis for 2020-01-28 [Premium Analysis]

Bitcoin Analysis for 2020-01-28 [Premium Analysis]
фото показано с : beincrypto.com

2020-1-28 12:30

The Bitcoin price increased significantly on Jan 27 after reaching a 2020 high of $9,169. It moved above its 200-day moving average (MA) and looks ready to move towards the $9,600 target.

Bitcoin Price Highlights The Bitcoin price is following a curved ascending support line. It has moved above its 200-day moving average. It is possibly in the fifth and final wave of an Elliott formation. There is resistance at $9,600. Bitcoin Moving Averages

The Bitcoin price increased significantly yesterday, creating a bullish engulfing candlestick in the process.

In addition, it has moved above its 200-day MA (black), a very significant bullish development. This MA rejected the price on Jan 19 and initiated the downward move that led to $8,200.

The closest resistance area is found at $9,600, while the closest support area is found near $8,000, strengthened by the 100-day MA.

Wave Count

The BTC price has been following a curved ascending support line, on which it bounced yesterday near $8,200. If the price continues following this line, it could soon reach $9,600.

In addition, it looks as if the price is in the process of completing a five-wave Elliott formation. Currently, the price is in its fifth wave. A likely place for the wave to end would be at the resistance area previously outlined at $9,600.

The price has yet to show any weakness. While the RSI is oversold, it has not generated any bearish divergence, not even in lower time-frames.

Therefore, the price is expected to continue moving towards $9,600. A more bearish scenario would have the price validating the ascending support line near $8,800 once more before continuing its upward movement.

To conclude, the Bitcoin price increased above its 200-day MA. This increase will likely continue at the rate provided by the support line until the price reaches $9,600.

For those interested in BeInCrypto’s previous Bitcoin analysis, click here.

The post Bitcoin Analysis for 2020-01-28 [Premium Analysis] appeared first on BeInCrypto.

Similar to Notcoin - Blum - Airdrops In 2024

origin »

Bitcoin (BTC) на Currencies.ru

$ 98291.72 (+0.40%)
Объем 24H $103.613b
Изменеия 24h: 4.18 %, 7d: 12.13 %
Cегодня L: $98163.99 - H: $98291.72
Капитализация $1944.756b Rank 1
Цена в час новости $ 9033.37 (988.1%)

bitcoin price analysis ready move looks towards

Источник: beincrypto.com

bitcoin price → Результатов: 126


Фото:

Post-halving 2024 market is pushing Bitcoin’s price, not just Trump, says Onramp Bitcoin co-founder

The last Bitcoin halving took place in April when the block reward dropped from 6.25 Bitcoin to 3.125 Bitcoin Jesse Myers said Bitcoin’s price needs to go higher for a “supply-demand price” balance to happen When that occurs, the market will “flywheel into mania and a bubble,” which happened in the 2012, 2016, and 2020 […] The post Post-halving 2024 market is pushing Bitcoin’s price, not just Trump, says Onramp Bitcoin co-founder appeared first on CoinJournal.

2024-11-13 17:39


Here’s What To Expect From The Bitcoin Price In November After Breaking Above $70,000

The Bitcoin price is back above $70,000 for the first time in four months, with the ‘Uptober’ rally eventually happening as the month ends. This looks to be the start of significant price rallies for the flagship crypto as the market heads into November, which is also historically bullish. What To Expect From The Bitcoin […]

2024-10-30 19:30


Фото:

Bitcoin’s bullish momentum seeking ‘euphoric’ market shift – Glassnode

Bitcoin (BTC) is showing the first signs of positive price momentum since June, as it attempts to convincingly break the $69,000 price zone and shift to a “euphoric bull market.” According to Glassnode’s latest “Week Onchain Newsletter,” the recent rally has seen Bitcoin’s spot price break through key technical and on-chain price levels, pushing many […] The post Bitcoin’s bullish momentum seeking ‘euphoric’ market shift – Glassnode appeared first on CryptoSlate.

2024-10-24 00:38


Bitcoin Cup And Handle Cascade: Analyst Says BTC Price Could Reach $230,000 If It Follows This Structural Path

A crypto analyst has projected a significant break to the upside for Bitcoin, drawing parallels to similar breakouts in traditional assets in the tune of the Gold and the S&P500. According to a technical analysis of the current price action, Bitcoin is playing out a cup and handle pattern, which could send it surging to bullish price targets above $230,000.

2024-10-22 22:30


Bitcoin Price To $95,000? Here’s What Needs To Happen First

The Bitcoin price has now broken above the $68,000 mark amid a run of a 12% price increase in the past seven days. However, analysis says the Bitcoin price will not stop this surge anytime soon. According to a detailed analysis posted on TradingView, a well-known crypto analyst has shared insights suggesting that Bitcoin is on track to climb even higher to reach an ambitious target of $95,000, but USDT.

2024-10-18 13:00


Bitcoin Poised For Minimum 60% Rally As 3 Critical Signs Align

Henrik Zeberg, a macroeconomist known for his expertise in business cycles, has pinpointed an upcoming rally of at least 60% for the Bitcoin price in his latest technical analysis. The seasoned analyst has identified a pattern across three critical technical indicators that have historically signaled major upward price movements when all aligned.

2024-10-18 11:30


дальше еще 77 новостей →

Партнеры Currencies.ru

Аналог Notcoin - Blum - Играй и зарабатывай Монеты



Реклама на Currencies.ru

Самое свежее на Currencies.ru

Bitcoin (BTC) Wallets Cross 48 Million for the First Time

Bitcoin has hit another milestone in its rocky journey towards global mainstream adoption. Surpassing 2022 figures in the process. The post Bitcoin (BTC) Wallets Cross 48 Million for the First Time appeared first on BeInCrypto.