Bitcoin Price Analysis: Deep Shakeout Rallies Off Strong Support

2019-9-21 00:46

Summary: A deep test of support pushed the bitcoin market down $600 over the course of an hour. Ultimately, after testing weekly support, the market managed to retrace the entire drop and push a new high.At the moment, we are retesting macro support/resistance at $10,300 and if we can manage to close our weekly candle back above the support, it will be a strong bullish signal that we are likely in for a  continuation of our uptrend.

Trading and investing in digital assets like bitcoin is highly speculative and comes with many risks. This price analysis is for informational purposes and should not be considered investment advice. Statements and financial information on Bitcoin Magazine and BTC Inc sites do not necessarily reflect the opinion of BTC Inc. They should not be construed as an endorsement or recommendation to buy, sell or hold. Past performance is not necessarily indicative of future results.

The post Bitcoin Price Analysis: Deep Shakeout Rallies Off Strong Support appeared first on Bitcoin Magazine.

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bitcoin support rallies off price shakeout analysis

Источник: bitcoinmagazine.com

bitcoin support → Результатов: 126


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Support Turns Resistance: Bitcoin Retests $64,515 After Break – Will It Hold?

Bitcoin’s price dynamics have taken a significant turn as the $64,515 support level, once a crucial foundation, has now transformed into a formidable resistance after being breached. This pivotal change underscores a shift in market sentiment, with traders now watching closely to see if Bitcoin can reclaim this level or face further downward pressure.  The […]

2024-6-23 23:00


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Bitcoin Slips Under $64,000: Here’s Where The Next Support Is

Bitcoin has continued its recent bearish trajectory during the past day as the asset’s price has now slipped under $64,000. Here’s what the next support looks like for BTC. Bitcoin Has Strong On-Chain Support Between $61,900 & $63,800 According to data from the market intelligence platform IntoTheBlock, BTC is floating just above a critical on-chain demand zone.

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