Bitcoin Price Analysis: BTC/USD Trends of March 04–10, 2019

2019-3-4 10:17

CoinSpeaker
Bitcoin Price Analysis: BTC/USD Trends of March 04–10, 2019

Key Highlights: The breakdown of $3,679 support level will decrease Bitcoin price towards $3,679; in case the bears do not defend the resistance level of $4,337, BTC will find its high at $4,692; the break out is imminent. BTC/USD Long-term Trend: Ranging

Resistance levels: $4,237, $4,692, $5,209
Support levels: $3,679, $3,241, $2,765BTC/USD is on the sideways movement on the long-term outlook. On February 23, the bullish momentum aided the BTC price to find its high at $4,237. Continuation of Bitcoin price increment was opposed by the bears with the formation of the bearish engulfing candle.

The coin was pushed towards the support level of $3,679 but unable to reach the target before it was rejected at the dynamic support level of 21-day EMA and 50-day EMA. At this spot, both the Bears and the Bulls lost momentum and the BTC price commenced consolidation.

The 21-day EMA has crossed the 50-day EMA up but the two EMAs are flat showing no direction and Bitcoin price ranging directly on the two EMAs indicating that consolidation is ongoing. However, the Relative strength Index period 14 is at 50 levels pointing to the south connotes that the bearish momentum is gradually increasing.

Only radical fundamental events can make Bitcoin price to break out of the consolidation phase. Increase in the Bears’ momentum will make the coin to rally towards $3,241 in case the Bears’ momentum breaks down the support level of $3,679.

BTC/USD Medium-term Trend: Ranging

The Cryptocurrency is ranging on the medium-term outlook. As it can be seen clearly on the 4-Hour chart in the BTC/USD market that the bulls have lost the momentum to drive the coin upward, likewise the Bears have lost the pressure to propel the BTC price downward. The consolidation started on February 24, shortly after the strong bearish candle was opposed by the bulls to prevent further declination of Bitcoin price.

The BTC price is trading below the two EMAs in which the 50-day EMA is above the 21-day EMA. Meanwhile, the Relative Strength Index period 14 is above 20 levels with the signal lines bending down indicate sell signal.

Bitcoin Price Analysis: BTC/USD Trends of March 04–10, 2019

origin »

Bitcoin (BTC) на Currencies.ru

$ 83265.49 (+0.35%)
Объем 24H $55.012b
Изменеия 24h: 5.01 %, 7d: -4.88 %
Cегодня L: $82789.04 - H: $83265.49
Капитализация $1651.614b Rank 1
Цена в час новости $ 3746.42 (2122.53%)

bitcoin price 2019 march trends analysis btc

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


Extremely Bullish 88-Day Structure Appears On Bitcoin Price Chart After Hitting $105,000 ATH

The Bitcoin price has continued its foray above the $100,000 threshold and is currently trading around new all-time highs. Following its recent surge to an all-time high (ATH) above $106,000, the Bitcoin price has played out an interesting pattern on the 1-day candlestick timeframe, which points to an extremely bullish outlook for the leading cryptocurrency.

2024-12-16 11:30


Are Bitcoin Whales Still Holding For Higher Profit? This On-Chain Signal Suggests So

The Bitcoin price performance in 2024 is one for the history books, with the premier cryptocurrency crossing the $100,000 mark for the first time ever. However, hitting this milestone opened the door to another conversation — when will the market top be in? As a result, several predictions of the Bitcoin price top have emerged […]

2024-12-15 12:30


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.