Bitcoin Price Analysis: BTC/USD Trends of December 24–30, 2018

2018-12-24 13:03

CoinSpeaker
Bitcoin Price Analysis: BTC/USD Trends of December 24–30, 2018

Key Highlights: There was a bullish break out; bears lost control over Bitcoin market; the bulls were in charge of the BTC market. BTC/USD Long-term Trend: Bullish

Resistance levels: $4,716 $5,447, $6,281
Support levels: $4,224, $3,649, $3,209BTC/USD experienced a bullish rally as it was predicted last week. There was a bullish candle that broke and closed above the former resistance level of $3,649. The cryptocurrency was ranging within the former resistance level of $3,649 and support level of $3,209 started on December 7 before the bullish breakout on December 17. The coin broke up the 21-day EMA (dynamic resistance) and also the resistance level of $4,224, currently opposed by the 50-day EMA (second dynamic resistance). This is an indication that the bulls were taking over the Bitcoin market gradually.

The coin is trading in-between 21-day EMA and 50-day EMA as at the time of writing while 50-day EMA is above the coin. The MACD period 12 with its histogram is above the zero levels and its signal lines point up, which connote that the uptrend is ongoing and buy signal, may continue.

Should the bullish pressure break up the 50-day EMA and the resistance level of $4,716, then, it may have its target at $5,447 – $6,281 price level.

BTCUSD Medium-term Trend: Bullish

BTC/USD is bullish on the medium-term outlook. The bears lost the momentum and were unable to break the last week low of $3,209 price level. The strong bullish candle formed after the Doji candle on December 17 triggers the bullish momentum on the 4-Hour chart. The coin broke out the resistance level of $3,649 rallied to the $4,224 price level where it was rejected for further increase and there was a price retracement before it continued the bullish trend and the resistance level of $4,224 was a broken upside.

Bitcoin is trading above 21-day EMA and 50-day EMA with the former above the later distance from each other connotes that the bulls were taking over the BTC market. The MACD period 12 with its histogram is above zero levels and the signal lines pointing upside is an indication that the bullish trend may continue for the next few trading sessions. Traders should not forget that pullback is inevitable periodically.

Bitcoin Price Analysis: BTC/USD Trends of December 24–30, 2018

origin »

Bitcoin (BTC) на Currencies.ru

$ 84507.67 (-0.12%)
Объем 24H $28.547b
Изменеия 24h: 1.61 %, 7d: -3.25 %
Cегодня L: $84507.67 - H: $85349.52
Капитализация $1677.077b Rank 1
Цена в час новости $ 4079.74 (1971.4%)

bitcoin price december 2018 btc trends usd

Источник: coinspeaker.com

bitcoin price → Результатов: 126


The Fed is expected to cut interest rates twice in 2025, what might this mean for the Bitcoin price?

The cryptocurrency market has gone mainstream. It is no longer retail investors’ assets as institutions globally are investing in Bitcoin and other major cryptocurrencies.   As a risk-based asset, Bitcoin’s price is affected by central bank policies, especially those from the United States Federal Reserve.

2025-2-18 15:05


Bitcoin Price Remains Bullish As Monthly Stochastic Sits Above 80, Here’s Why

The Bitcoin price has struggled to break above the $100,000 threshold decisively over the past four weeks, largely fluctuating within the $90,000 to $100,000 range. This correction and lackluster price action have caused a degree of bearish sentiment among traders, with some speculating that Bitcoin might have already reached its peak for the current cycle. […]

2025-1-15 18:30


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.