Bitcoin Price Analysis: BTC/USD Price May Rally Towards $8,233 Level

2019-6-10 14:13

Coinspeaker
Bitcoin Price Analysis: BTC/USD Price May Rally Towards $8,233 Level

Key Highlights:Bitcoin price is ranging at $7,812 level;the coin may rally towards $8,233 levelthe Bears may push the price to reach $7,085.BTC/USD Medium-term Trend: Ranging

Resistance levels: $7,812, $8,233, $8,608
Support levels: $7,476, $7,085, $6,612Bitcoin price is moving sideways on the medium-term outlook. The sideways movement continues in the Bitcoin market due to the weakness in the momentum of the Bulls and the weakness in the Bears’ pressure. The ranging movement started on June 04 after the Bears pushed the coin to the low of $7,476 level.

On June 06, the Bulls pushed the price to break up the $7,812 level and the price moved towards $8,233, unable to reach the mark before it was resisted by the dynamic resistance levels (21 and 50 periods EMAs). Bitcoin needs a radical momentum from the Bears or the Bulls so as to make the Bitcoin rally to the south or to the north respectively.

Bitcoin price is trading below the 21-period EMA and the 50 periods at a slow rate. The Moving Average Convergence Divergence period 12 is faintly below zero levels and the signal lines bending down to indicate sell signal.

Should the Bears gain enough pressure to penetrate the demand level of $7,476 level and the bearish candle closes below the level, then, the Bitcoin price may reach $7,085 level. On the other hand, in case the Bulls push the price above $8,233, the coin may eventually touch a previous high of $8,608.

BTC/USD Short-term Trend: Ranging

BTC/USD is ranging in the short-term outlook. Both the Bulls and the Bears’ momentum are at equilibrium for more than five days. Bitcoin price has been consolidating at $7,812 level since June 04. Yesterday, the price was able to reach a low of $7,476 level. Currently, the Bulls are pushing the coin towards 47,812 levels.

Bitcoin price is below the two EMAs. The Moving Average Convergence Divergence period 12 and its histogram are above zero level and the signal line pointing up to indicate a buy signal.

Bitcoin Price Analysis: BTC/USD Price May Rally Towards $8,233 Level

origin »

Bitcoin (BTC) на Currencies.ru

$ 94431.13 (+0.36%)
Объем 24H $58.342b
Изменеия 24h: 0.86 %, 7d: 0.40 %
Cегодня L: $91951.2 - H: $94582.23
Капитализация $1870.09b Rank 1
Цена в час новости $ 8014.16 (1078.3%)

price may 233 bitcoin btc level towards

Источник: coinspeaker.com

price may → Результатов: 126


Chainlink (LINK) Price Down Today As Bears Take Control – Here’s Why

Chainlink has dropped slightly in the market today as bears seized control of its price. LINK’s current price depicts a loss of 87. 7% from its all-time high of $52. 88 on May 10, 2021. Related Reading: Decentraland (MANA) Leads Crypto Market Gains, Here’s Why The asset has been fluctuating between the $6 and $7 price levels since the beginning of May and is currently at the $6 price level.

2023-5-20 14:14


Analyst: Ethereum Now Entering a Macro Correction as Selling Pressure Mounts

Ethereum has been hit hard by the latest selloff, with the cryptocurrency’s price plunging to its critical $400 support before posting a slight rebound This price action has done little to offer insight into ETH’s mid-term trend, but it did strike a blow to the bull case that has been mounting over the past few weeks Analysts are now conflicted as to where it may trend in the near-term, which may depend largely on its […]

2020-9-4 23:00


Фото:

Crypto Price Analysis May 6: BTC, ETH, XRP, BCH, BSV, LTC, BNB, EOS, XTZ, LINK

On May 6, the Bitcoin price finally broke out from the resistance line it had been following over the past week. This could be a sign that the BTC price is ready to move towards new highs. In this article, we will take a look at the Bitcoin price movement, along with nine other cryptocurrencies, […] The post Crypto Price Analysis May 6: BTC, ETH, XRP, BCH, BSV, LTC, BNB, EOS, XTZ, LINK appeared first on BeInCrypto.

2020-5-7 01:37


Фото:

Crypto Price Analysis May 5: BTC, ETH, XRP, BCH, BSV, LTC, BNB, EOS, XTZ, LINK

The Bitcoin price has been decreasing inside a bearish pattern since April 30. At the time of writing, the price was trading near $8,900. With the third BTC halving projected to occur on May 12, Google search interest for the event is at an all-time high, a value more than four times the previous all-time […] The post Crypto Price Analysis May 5: BTC, ETH, XRP, BCH, BSV, LTC, BNB, EOS, XTZ, LINK appeared first on BeInCrypto.

2020-5-6 19:15


BITCOIN SV Price Prediction Today: Daily (BSV) Value Forecast – May 16

The short and medium-term outlook is in the uptrend. Traders may consider buying at pullback area with bullish reversal candlesticks formation as entry confirmation. BSV/USD Medium-term Trend: Bullish Supply zones: $90, $100, $120 Demand zones: $50, $40, $30 BSVUSD continues in a bullish trend in its medium-term outlook. The bulls sustained the upward momentum as […]

2019-5-16 08:33


Фото:

Ethereum technical analysis against Bitcoin and USD suggest a strong uptrend may come next week

As the market continues to climb on its rally from December lows, several of the high cap coins have been noticeably quiet—including Ethereum. However, Bitcoin’s recent price surge saw its price increase nearly 50 percent in two days, giving Ethereum and other high-caps the boost they needed to start their climb upwards.

2019-5-16 01:36


Dogecoin Price Prediction 2019: Much Wow Is Heading North (May 16th Update)

Mid May Update: Technicals Dogecoin still has some of its bite strength left! Let’s look at what DOGE has been up to in the recent couple of days: 4H DOGEBTC The 4h timeframe portrays a nascent bullish reversal – DOGE clearly bottomed out at 34 sats after forming a quadruple bottom before shifting gears and […] The post Dogecoin Price Prediction 2019: Much Wow Is Heading North (May 16th Update) appeared first on CaptainAltcoin.

2019-5-16 01:32


Chainlink Mainnet Plans to Launch May 30th On Ethereum Network as LINK Price Skys to $0.84

Chainlink CEO Sergey Nazarov has announced that they are planning to launch the Chainlink Mainnet on Ethereum on May 30th. The announcement took place at Consensus 2019, in New York City. Thrilled to announce that Chainlink Mainnet on Ethereum is going live on May 30th! #chainlink #smartcontract #Consensus2019 #mainnet pic.

2019-5-15 17:02


дальше еще 77 новостей →

Партнеры Currencies.ru



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.