Bitcoin Price Analysis: BTC/USD Trends of December 3–9, 2018

2018-12-3 11:30

CoinSpeaker
Bitcoin Price Analysis: BTC/USD Trends of December 3–9, 2018

Key Highlights: Consolidation is ongoing on the Bitcoin market; break out is imminent; traders should remain flat. BTC/USD Long-term Trend: Ranging

Distribution Territories: $4,447, $5,084, $5,667
Accumulation Territories: $3,949, $3,652, $3,450Ranging movement in the Bitcoin market on the long-term outlook; on the daily chart above BTC price is consolidating between the key distribution territories of $4,447 and an accumulation territory of $3,949. After BTC price pulled back from the accumulation territory of $3,652, the bulls lost the pressure and could not break the distribution territory of $4,447.

Bitcoin price remains bearish as long as it is contained below the 21-day EMA and 50-day EMA. The Stochastic Oscillator is above 20 levels (oversold region) with the two signal lines interlocked and flat to the level without direction which indicates consolidation is ongoing. In case the accumulation territory of $3,949 is broken by the bears BTC price may have its low between the accumulation territory of $3,652 and $3,450.

Should the bulls defend the $3,949 price level, the Bitcoin price may rally to the north and have its target at $5,084 – $5,667 price level. The traders are advised to watch out for the breakout before taking the position.

BTC/USD Medium-term Trend: Ranging

BTC/USD is ranging on 4-Hour chart. On November 28, BTC price reached the high of $4,447 distribution territory and the price bounced back and then began to range between the distribution territory of $4,447 and the accumulation territory of $3,949 and the two EMAs were flat to confirm the ranging movement.

The Bitcoin price remains below the 21-day EMA and 50-day EMA and the Stochastic Oscillator period 14 is at 40 levels with the signal lines point to the south connotes sell signal in which if the bears increase their pressure and a breakout downside the accumulation territory of $3,949, BTC price may have its low at $3,652 – $3,450.

Bitcoin Price Analysis: BTC/USD Trends of December 3–9, 2018

Similar to Notcoin - Blum - Airdrops In 2024

origin »

Bitcoin (BTC) на Currencies.ru

$ 97046.13 (-0.48%)
Объем 24H $97.5b
Изменеия 24h: 2.84 %, 7d: 8.96 %
Cегодня L: $94006.77 - H: $98156.69
Капитализация $1920.102b Rank 1
Цена в час новости $ 4036.37 (2304.29%)

price bitcoin 2018 december trends btc analysis

Источник: coinspeaker.com

price bitcoin → Результатов: 126


Фото:

Bitcoin Price To See 70%+ Powerful Bull Wave To Push It Over $100,000, How High Can It Go?

The Bitcoin price is slowly breaching the $70,000 mark, showcasing steady upward momentum despite downward pressure from the bearish performance of the US equities market. Taking note of Bitcoin’s recent price movements, a crypto analyst has suggested that the pioneer cryptocurrency could be gearing up for a strong bull wave that could drive its price by over 70%, pushing it past the $100,000 milestone.

2024-10-26 04:00


Фото:

Analysts Predict Bitcoin Price Could Crash To $40,000, But There’s Good News

Despite initial expectations of a steady price increase and a robust bull run this year, Bitcoin (BTC) has suffered severe declines, pushing its price below the $60,000 threshold. Due to the cryptocurrency’s prolonged bearish performance, a crypto analyst has warned that Bitcoin could decline even further, predicting a potential crash below $40,000.

2024-9-4 22:30


дальше еще 77 новостей →

Партнеры Currencies.ru

Аналог Notcoin - Blum - Играй и зарабатывай Монеты



Реклама на Currencies.ru

Самое свежее на Currencies.ru

Bitcoin 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.