Bitcoin Price Analysis: BTC/USD Broke Out at $8,233 Level, Uptrend May Continue

2019-5-27 11:45

Coinspeaker
Bitcoin Price Analysis: BTC/USD Broke Out at $8,233 Level, Uptrend May Continue

Key Highlights:Bitcoin price broke out of the consolidating zone at $8,233 level;BTC is under bullish control;the Bears may pull back the price to reach $8,608 level.BTC/USD Medium-term Trend: Bullish

Resistance levels: $9,007, $9,480, $10,014
Support levels: $8,608 $8,233, $7,812BTC/USD is Bullish on the medium-term outlook. Within the period of May 19 and May 26 the crypto was range–bound at $7,812 to $8,233 levels. The momentum of the Bears and the Bulls were at equilibrium. On May 26, the Bulls gained more momentum; this is noticed on the 4-hour chart with the formation of a strong bullish candle that broke up $8,233 level and the price reached $8,608.

Followed the scenario is emerging of another bullish candle that penetrated $8,608 and Bitcoin price was pushed to the level of $9,007. The Bears defended the $9,007 level, the price pushed back and currently facing $8,608 level.

Bitcoin price is trading at a distance above the 21 periods EMA and 50 periods EMA; which indicates the strong bullish momentum in the BTC market. The Relative Strength index period 14 is above 70 levels with the signal line bending down to connotes sell signal.

Should the $8,608 level hold, the bulls will continue to put Bitcoin price on the uptrend track. In case the Bulls lose their momentum with increase in the Bears’ pressure, $8,608 level may be penetrated and the price may find support at $8,233 level.

BTC/USD Short-term Trend: Bullish

On the short-term outlook, BTC/USD is Bullish. The Bulls gathered enough momentum on May 26 to break out of the ranging zone which Bitcoin price has been operating for more than four days. The price soared to the north side and the price reached $9,007 level. An inverted pin bar candle emerged; which is a bearish reversal signal. Bitcoin price is currently descending towards $8,608 level.

Meanwhile, the Relative Strength Index period 14 is above 70 levels with the signal line bending down to indicates a sell signal.

Bitcoin Price Analysis: BTC/USD Broke Out at $8,233 Level, Uptrend May Continue

Similar to Notcoin - Blum - Airdrops In 2024

origin »

Level Up Coin (LUC) на Currencies.ru

$ 0 (+0.68%)
Объем 24H $0
Изменеия 24h: 1.94 %, 7d: 12.29 %
Cегодня L: $0 - H: $0
Капитализация $0 Rank 99999
Цена в час новости $ 8.72E-5 (-100%)

level price may uptrend bitcoin 233 btc

Источник: coinspeaker.com

level price → Результатов: 126


Фото:

Bitcoin Struggles to Hold $17,000 After Wiping Out $1b in Open Interest

Bitcoin has been struggling to hold above $17,000, despite this being an important price level for the cryptocurrency Where it trends next will depend largely on whether or not bulls can continue building support at this level So far, each dip below it has been met with intense buy-side support that has allowed it to ascend Where it trends next will likely depend largely on its imminent price action It is important to note that […]

2020-11-27 21:00


Stellar (XLM) Price Analysis: Retesting the Broken Price level of $0.25 to Continue its Uptrend Movement

XLM/USD Medium-term Trend: Bullish Supply levels: $0. 26, $0. 27, $0. 29 Demand level: $0. 25, $0. 24, $0. 23 Stellar continues its bullish trend on the 4-Hour chart. The cryptocurrency started making ‘Higher Lows’ (HL), “Higher Highs” (HH) on the 4-Hour chart since November 1st after the formation of bullish pin bar on the demand level of $0.

2018-11-7 18:23


Bitcoin Market Update

At the time of writing, the price of Bitcoin (BTC) was sitting at around the $6,510 mark and had jumped approximately 14% after finding support at the six-monthly low level of $5,790. While we did expect a bounce from this support zone, buyers should beware the bull trap. In our view, this is not the […]

2018-7-5 06:00


Фото:

Bitcoin Price Analysis: New Low on Low Volume Breeds Potential Bullish Set-up

Bitcoin sits precariously perched at the bottom of the annual market low and many bitcoin investors aren’t sure what to make of it. Although the market seems to be continuing its drift to new lows with greater and greater ease, there are a couple of bullish signals worth considering while the market continues to consolidate: Figure 1: BTC-USD, Daily Candles, New Market LowOn Friday, June 29, 2018, for the first time this year, the daily candles closed below the annual low of $6,000s.

2018-7-1 19:35


дальше еще 77 новостей →

Партнеры Currencies.ru

Аналог Notcoin - Blum - Играй и зарабатывай Монеты



Реклама на Currencies.ru

Самое свежее на Currencies.ru

Bitcoin Mining Costs Spike To Nearly $50K As Miners Look To AI For Survival

Bitcoin mining is now a highly competitive industry that’s not just expensive but technology-intensive as well. Individuals interested in joining the growing mining industry must invest in a specialized computer system, steady internet, reliable energy supply, and a good amount of skill to manage the process.

Bitcoin Diamond Hands Still Unbroken: 30.7% Of Supply Dormant For 5+ Years

Data shows the Bitcoin diamond hands have continued to sit tight recently as almost a third of the supply hasn’t been moved in five years. Bitcoin Has A Notable Part Of Its Supply Dormant Since Over Five Years In a new post on X, the market intelligence platform IntoTheBlock has discussed about how the most […]

Bitcoin Open Interest Is Shooting Up: Will Shorts Be Rekt This Time?

Data shows the Bitcoin Open Interest on exchanges has been heading up while the Funding Rate has turned negative recently. Bitcoin Open Interest Trend Suggests Speculators Are Back As pointed out by CryptoQuant community manager Maartunn in a new post on X, things appear to be heating up on the derivatives side of the market.

Bitcoin Difficulty Jumps 3% As Hashrate Slowly Recovers

On-chain data shows the Bitcoin mining difficulty has seen an increase in the latest adjustment, a consequence of the hashrate’s recovery. Bitcoin Mining Difficulty Has Seen A Positive 3% Adjustment Recently The “mining difficulty” refers to a feature built into the Bitcoin blockchain that controls how hard the miners would find it to mine on […]

Bitcoin Investors Have Turned Greedy Again: What Could Be Next For BTC?

Data shows that Bitcoin investors have again assumed a sentiment of greed after BTC’s surge of $64,000. Here’s what this could mean. Bitcoin Fear & Greed Index Is Now Pointing At ‘Greed’ The “Fear & Greed Index” is an indicator created by Alternative that tells us about the sentiment currently present among the investors of […]

These Are The Biggest Bitcoin Support & Resistance Zones, Analyst Reveals

An analyst has revealed the Bitcoin price zones that could act as major support and resistance centers for the cryptocurrency. A Large Number Of Investors Bought Bitcoin Inside These Zones In a new post on X, CryptoQuant author IT Tech has discussed the Bitcoin price levels that could act as support and resistance for BTC.