Bitcoin Price Prediction: Rainbow Chart Points to an Incredible $626,000

2022-10-11 04:02

Bitcoin Price Prediction: The Bitcoin Rainbow Chart indicates that the Bitcoin (BTC) price may have bottomed out. Also, the chart shows that a new rally toward $600,000 could begin.

The leading cryptocurrency Bitcoin continues its hovering in the range of $19,000 to $21,000. The consolidation and the lessening volatility of the Bitcoin price indicates that the price is stabilizing. Also, the Bitcoin rainbow chart shows that the BTC price may have bottomed out.

The Rainbow Chart

The BTC rainbow chart is one of the oldest tools used to look at the long-term price of Bitcoin. It is known for its fun chart image. The chart is called a rainbow because it shows market sentiment with colored bands. These can indicate when traders will buy or sell in different price ranges. According to the cryptocurrency chart, BTC is currently in the blue zone at the bottom of the rainbow and has reached the bottom.

Although the blue zone is known as the point where the fire goes out, it should be remembered that market expectations are not yet in the direction of the bottom price. The fear and greed index is in the extreme fear zone with 28 points. This means that confidence in BTC is not yet established.

BTC Rainbow chart. Source: Blockchaincenter

Bitcoin Price Prediction: BTC Could Have a New ATH

The Bitcoin Rainbow Chart indicates that if BTC follows the long-term ongoing pattern, it could reach the ‘Maximum Bubble Zone’ represented by dark red. According to the chart, the Bitcoin price could reach $626,383 by October 9, 2024.

The last time the blue band (which coincides with the current price level) was reached, Bitcoin started a rally from $5,000 (March 2020) to $69,000 (November 2021). The chart shows that the possible new rally to $600,000 will start at $84,000 at the end of the year. On the other hand, it should be noted that the rainbow chart lacks macro and micro developments and is only price oriented.

The creators of the chart point out that this is a fun way to look at Bitcoin’s potential future performance.

Got something to say about this Bitcoin price prediction or anything else? Write to us or join the discussion in our Telegram channel. You can also catch us on Tik Tok, Facebook, or Twitter.

Opinions seen on this website should not drive any financial decisions from readers.

The post Bitcoin Price Prediction: Rainbow Chart Points to an Incredible $626,000 appeared first on BeInCrypto.

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Источник: beincrypto.com

bitcoin chart → Результатов: 126

Is Now The Time To Buy Bitcoin? Latest Chart Analysis Says Yes – Here’s Why

Bitcoin has recently been spotlighted due to an intriguing buy signal identified on its hourly chart. This indication emerges amidst a notable fluctuation in Bitcoin’s price, setting the stage for potential short-term gains.

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Bitcoin Rainbow Chart tells you that NOW is the time to buy BTC - Is it?

The Bitcoin Rainbow chart entered the “buy” zone after 2020 and 2024 halvings. Market indicators hinted at a price decline in the coming days. Investors’ confidence in Bitcoin [BTCThe post Bitcoin Rainbow Chart tells you that NOW is the time to buy BTC - Is it? appeared first on AMBCrypto.

2024-5-28 03:00	BTC Trading View
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Bitcoin rainbow chart predicts the next cycle top, here's how

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2023-12-29 02:30	BTC Trading View
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Expert Reveals the ‘Only Bitcoin Chart You Will Ever Need’, Explains the 5 Phases of BTC Halving

The One Chart for Bitcoin, According to Rekt Capital “This is the one chart you’ll ever need for crypto and Bitcoin in general,” declares popular YouTube channel Rekt Capital in their November 21st video presentation.

2023-11-26 12:30	Latest News
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An Indicator Signals “Buy” On the Bitcoin Weekly Chart, But BTC Needs to Get to This Level

According to Ali, a well-known crypto trader, this week is significant for Bitcoin due to key financial events. Ali points out that the TD Sequential indicator, a tool commonly used for identifying market reversals, has signaled a ‘buy’ on Bitcoin’s weekly chart.

2023-9-13 11:00	Latest News
bitcoin chart ali weekly indicator buy sequential

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Bitcoin Rainbow Chart updated with new lower band after second breach

The infamous Bitcoin Rainbow Chart has been updated to include a new lower band called “1BTC = 1BTC. ” The chart echoes PlanB’s stock-to-flow model in terms of sentiment, with bands indicating when to buy and sell Bitcoin.

2022-9-20 02:30
bitcoin chart band 1btc lower new updated

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Bitcoin reaches this key milestone for the first time since March

Bitcoin [BTC] has made major moves on the price chart after breaking through the $22,000 resistance on the daily chart. As of 12 September, the crypto king breached this zone and has been holding it sThe post Bitcoin reaches this key milestone for the first time since March appeared first on AMBCrypto.

2022-9-14 22:30	BTC Trading View
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Bitcoin Holding Support Above $27K; Resistance at $35K-$40K

Bitcoin (BTC) could see a short-term relief bounce as countertrend exhaustion signals appeared on the daily chart. Still, negative long-term momentum means upside is limited from here.

2022-5-12 21:36	Markets
bitcoin chart still daily negative long-term limited

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Top Analyst's Bitcoin (BTC) Chart Pattern Explains Why It Trades Below $50,000

Here's what Bitcoin's chart movements tell us

2022-3-14 12:49
bitcoin chart movements tell below btc analyst

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Funding Rates Low After 10K Rally, What This Means For Bitcoin’s Price

Bitcoin has been sitting above a critical support zone during the weekend. At the time of writing, BTC trades at $56. 662 with sideways movement in the daily chart. In the weekly chart, the first cryptocurrency by market cap has a 12.

2021-5-3 22:00	btcusd
bitcoin chart trades 662 btc cap writing

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Bitcoin HODLing Holds During Dip, Says Glassnode

Glassnode published a chart showing the Bitcoin 60-day Spent Output Profit Ratio (SOPR). The chart shows that despite the Bitcoin dip in February, the SOPR did not fall below 1. This indicates that those who bought Bitcoin in 2021 held onto it despite the correction.

2021-3-6 13:11	glassnode
bitcoin chart sopr glassnode dip despite below

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Most Important Chart Ever? Bitcoin S2F Combined With Reddit Rainbow Chart Emerges

With Bitcoin’s halving less than one month away, investors are losing faith in the stock-to-flow model they’ve long subscribed to that suggests that the asset’s price should be pacing closer to $55,000.

2020-4-22 18:21	stock to flow
bitcoin chart subscribed stock-to-flow model long price

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Bitcoin Chart is “Bullish as it Gets,” Rally to $10,600 Possible

Bitcoin (BTC) bulls have managed to retake control over Sunday’s trading session. As of the time of writing this article, the leading cryptocurrency is trading at $9,750 — around $800 higher than Saturday’s local low of $8,900, which itself represents a 10% swing upward.

2019-10-28 21:00	price
bitcoin chart trading possible gets rally bullish

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Bitcoin Resistance Turns Support at $8,000 as H&S Pattern Forming

Following the close of a big red candle on the weekly chart, many expected the pullback to accelerate and Bitcoin price to fall even further today. Such is the nature of crypto markets that BTC did the opposite and moved back up above $8,000 once again.

2019-6-11 08:30	price
bitcoin chart price pattern support turns forming

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Could Bitcoin (BTC) Follow Gold’s Long-Term Chart?

Bitcoin Could Very Well Have Bottomed A Twitter user going by “CabSav” recently drew attention to something he noticed in regards to gold’s long-term chart and Bitcoin (BTC)’s ongoing market cycle.

2019-3-18 04:50	Market
bitcoin chart btc could long-term gold follow

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Ethereum [ETH] Price Prediction: Will We Break Out Above the Recent $170 High?

Long-Term Outlook A look at the Weekly chart in logarithmic form for Ethereum shows that the price hit the major resistance area near $170, coinciding with the 21-period moving average and got pushed back It created a bearish inverted hammer, followed by two small bearish candles.

2019-3-5 13:29	Technical Analysis
170 price ethereum high area recent bearish

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Bitcoin Price Watch: BTC Trend Overwhelmingly Bearish Below $3,760

Bitcoin price extended losses and traded below the $3,720 and $3,700 supports against the US Dollar. The price traded as low as $3,671 and it is currently consolidating above the $3,700 level. There is a crucial bearish trend line formed with resistance at $3,775 on the hourly chart of the BTC/USD pair (data feed from.

2019-3-5 09:38	BTC
price below bearish bitcoin btc trend traded

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Top Bitcoin News of Today: Best Cryptocurrency Price Reports, Coin Updates and Investor Insights

MagicPoopCannon’s Bitcoin Price Prediction: What The “Most Interesting” BTC Chart Analysis Tells Us The future of Bitcoin is a hotly debated topic, which seems to become even more important to discuss during the bear markets.

2019-3-5 09:25	News
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Bitcoin Could Hit $20,000 Soon According to One Chart, Two Analysts Believe

Bitcoin is trading at $3,758 at press time, down 2.4 percent in the past 24 hours. The currency is now down ten percent since hitting its yearly high at $4,200. And despite losing the momentum that had brought back hope in the midst of a brutal bear market, the currency could be heading back to […] The post Bitcoin Could Hit $20,000 Soon According to One Chart, Two Analysts Believe appeared first on NullTX.

2019-3-5 01:28
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Bitcoin Price Analysis – A Grizzly Start to the Week

Bitcoin price closed the week up 1. 5% at $3789, despite the green candle close, the bears have taken control in the early hours of Monday morning, pushing Bitcoin price back into the $3600 range.

2019-3-4 18:00	Technical Analysis
bitcoin price week analysis weekly chart range

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Market Update and Ripple XRP Price Analysis: March 4, 2019

The total crypto market cap fell by $4 billion on March 3, 2019, and now stands at $126. 5. At the time of writing, bitcoin (BTC) is trading at $3,817, ether (ETH) is holding $130, and Ripple’s XRP stands at $0.

2019-3-4 12:00	XRP
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Litecoin Price Prediction: LTC Is Creating a Head and Shoulders Pattern, Will the Neckline Provide Support?

Long-Term Outlook A look at the Weekly chart for LTC/USD shows that price made a temporary bottom at $28, inside the support area formed by the highs of 2014. It is currently trading at $48, slightly above the 21-period moving average but below the 50-period MA and the Ichimoku cloud.

2019-3-4 11:59	Technical Analysis
support ltc price neckline litecoin provide prediction

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Bitcoin Price Watch: BTC Could Retest $3,600 Before Buyers Reappear

Bitcoin price failed on many occasions to break the key $3,860 resistance level against the US Dollar. The price started a downward move and broke the $3,800 and $3,760 support levels. There was a break below a declining channel with resistance at $3,800 on the hourly chart of the BTC/USD pair (data feed from Kraken).

2019-3-4 09:30	BTC
price bitcoin btc watch resistance break could

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Crypto Chart Analyst: Bitcoin’s Value Has Skyrocketed 4 Times Already, Another BTC Rally Seems Inevitable

Bitcoin could eventually reach $336,000 if it keeps the trend that it’s currently following. Bitcoin (BTC) reached $20,000 back in December 2017, but it dropped since that moment more than 80%. This is something that has affected the whole cryptocurrency market in 2018.

2019-3-4 01:55	Trading & Investing
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Dogecoin Price Analysis: DOGE Is Trading Inside a Symmetrical Triangle, When Will the Breakout Occur?

Long-Term Outlook A look at the Weekly chart for Dogecoin shows that price is trading inside the major support area near $0. 0019 formed by previous lows and has found support right above the 200-period MA.

2019-3-4 19:59	Technical Analysis
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Bitcoin Price Weekly Analysis: Cautiously Bullish BTC, $3,900 Presents Resistance

Bitcoin price corrected lower sharply after trading towards the $4,200 resistance against the US Dollar. The price declined below the $3,860 support area and tested the $3,620 support zone. There is a short term ascending channel or bear flag formed with resistance at $3,900 on the 4-hours chart of the BTC/USD pair (data feed from.

2019-3-3 09:00	BTC
resistance price bitcoin btc 900 support weekly

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XRP Price Prediction: XRP Is Trading Inside a Symmetrical Triangle, When Will the Breakdown/Out Occur?

Long-Term Outlook A look at the Weekly chart for XRP shows that price is trading at $0. 32, slightly above the major support area near $0. 27. The previous week’s candle had a large upper wick, indicating that sellers have the upper hand.

2019-3-3 21:19	Technical Analysis
xrp trading price prediction symmetrical week candle

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Crypto Chart Analyzes Bitcoin’s Delta Price to See It Accelerate to New Lows

This week, the market saw several fundamental developments that further signals cryptocurrency adoption by the institutional investors. Russia made headline this week as the Russian President Vladimir Putin gave the order to adopt the pending legislation by the first half of this year i.

2019-3-2 20:36	Price Analysis Charts
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Bitcoin Trades Flat Below $3,900 After BTC Forms First Green Monthly Candle Since July of 2018

Following many months of consistent downturn, Bitcoin has finally been able to form its first green candle on its monthly chart. Despite this, BTC is continuing to trade sideways today, and has continued to struggle to break above $3,900 after experiencing increased levels of volatility last weekend.

2019-3-2 03:00	BTC
monthly candle green btc bitcoin 900 2018

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Stellar Price Prediction: XLM Has Bounced on the Support Line, Where Is It Heading Now?

Long-Term Outlook A look at the Weekly chart for XLM in logarithmic form shows that price is trading above the major support area is $0. 06-$0. 07, currently trading at $0. 086. Furthermore, the price is facing very close resistance from the 200-period moving average and trading below the 21 and 50 MAs and the Ichimoku Cloud.

2019-3-1 14:59	Technical Analysis
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Bitcoin Price Watch: BTC Confined In Tiny Ranges Below Key Resistance

Bitcoin price spiked above the key $3,860 resistance level, but it failed to gain pace against the US Dollar. The price is trading in a range below the $3,860 and $3,900 resistance levels. There is a short-term ascending channel in place with support at $3,800 on the hourly chart of the BTC/USD pair (data feed.

2019-3-1 09:30	BTC
price resistance key below bitcoin btc 860

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Bitcoin Versus Binance Coin – BTC Consolidates As BNB Continues to Outperform

Bitcoin briefly dropped during yesterdays trading to around $3650 but quickly recovered to close and form a Doji on the daily chart. A Doji candle is a candle where the open and the close are around the same point and typically reflects uncertainty from traders.

2019-2-28 19:35	Technical Analysis
bitcoin candle doji trading around versus binance

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Bitcoin Price Analysis: Bulls Look to Retest $4200 Into the Monthly Close

Bitcoin price is set to end a 6-month red candle losing streak today if the bulls can maintain a price above $3420. After a sharp $150 (4%) decline and subsequent sharp reversal, we take a look at the charts to try and get the lay of the land before the close.

2019-2-28 18:00
price bitcoin look monthly close bulls 4200

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Tron Price Prediction: TRX Is Trading Inside a Descending Triangle, When Will the Breakdown/Out Occurr?

Long-Term Outlook A look at the weekly chart for TRX/USD shows that price is currently trading between the 21 and 50-period moving averages at $0. 0245. It has failed twice to break out above the resistance area near $0.

2019-2-28 12:39	Technical Analysis
trading out trx price tron descending occurr

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Bitcoin Price Watch: BTC Could Rally Above $4,000 If It Breaks $3,900

Bitcoin price declined sharply below the $3,750 support and tested $3,650 against the US Dollar. The price bounced back from the $3,653 low and broke the key $3,750 resistance. There was a break above a major bearish trend line with resistance at $3,785 on the hourly chart of the BTC/USD pair (data feed from Kraken).

2019-2-28 09:30	BTC
price bitcoin above btc 750 resistance 900

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Ethereum Price Prediction: ETH Failed to Break Above the 21-week Moving Average, Will the Next Attempt Be Successful?

Long-Term Outlook A look at the Ethereum Weekly logarithmic chart shows that the price made a temporary bottom at $80 inside the minor support area, before starting an upward move. However, once reaching the minor resistance is at $160, it was rejected and formed a hammer candle (yellow arrow), which when found on uptrends usually indicates […] Ethereum Price Prediction: ETH Failed to Break Above the 21-week Moving Average, Will the Next Attempt Be Successful? was originally found on Cryptocurrency News | Blockchain News | Bitcoin News | blokt.com.

2019-2-27 12:04	Technical Analysis
ethereum price attempt successful minor next found

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Bitcoin Price Watch: BTC Remains Sell Until It Breaks 100 SMA

Bitcoin price is slowly recovering and it is currently trading above the $3,750 support against the US Dollar. There was a break above a short term contracting triangle with resistance at $3,795 on the hourly chart of the BTC/USD pair (data feed from Kraken).

2019-2-27 09:30	BTC
bitcoin btc price pair resistance above remains

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Bitcoin Whales Quietly Stockpiled 150K BTC in Last Two Months

The 100 largest wallets (holding 10,000-100,000 BTC) excluding exchanges accumulated over 150,000 bitcoin in the past two months. Do the Bart In all the woe and misery of the crypto-winter, we can often find some meagre warmth from a positive story.

2019-2-26 15:00
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Litecoin Price Prediction: LTC Got Rejected at $50, Will the Next Attempt Be Successful?

Long-Term Outlook A look at the Weekly chart for Litecoin in logarithmic form shows that price has seemingly found support above the 200-period MA and is trading at $45. Price is trading slightly below the resistance area near $50 and the 50-period MA/Ichimoku cloud.

2019-2-26 12:59	Technical Analysis
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Bitcoin Price Watch: BTC Recovery Won’t Be Easy Above $3,900

Bitcoin price declined heavily and later found support near the $3,630 level against the US Dollar. The price recovered recently and traded above the $3,700 and $3,750 resistance levels. There is a short term ascending channel in place with resistance at $3,880 on the hourly chart of the BTC/USD pair (data feed from Kraken).

2019-2-26 09:30	BTC
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Despite Red Crypto Market, Popular Trading Analyst Says “Bitcoin Still Bullish” in Long Term Cycle

Bitcoin is down more than 7 percent in the past 24-hours while managing the daily trading volume of $10.8 billion. The leading cryptocurrency is currently trading at $3,783 on Bitstamp. Bitcoin price chart, Source: TradingView Just yesterday, crypto analyst MagicPoopCanon, who calls himself a “master of charts” shared that the flagship cryptocurrency will move sideways […]

2019-2-25 20:18	News
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XRP Price Prediction: Price Is Back at the Major Support Area, Where Is It Going Next?

Long-Term Outlook: A look at the Weekly chart for XRP shows that price is trading at $0. 3, slightly above the support area near $0. 28. Last week’s candle was an inverted hammer with a very long upper wick, indicating that the bears are trying to gain control.

2019-2-25 12:54	Technical Analysis
price support area xrp next indicating going

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Bitcoin Price Watch: BTC Breakdown Might Be The Real Deal

Bitcoin price found a strong resistance near the $4,190 level and later declined against the US Dollar. The price declined sharply and broke the $4,000 and $3,900 support levels. There was a break below a major bullish trend line with support at $3,940 on the hourly chart of the BTC/USD pair (data feed from Kraken).

2019-2-25 09:00	BTC
price bitcoin btc deal declined support might

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Bitcoin (BTC) Price Analysis: Sometimes, It’s Best to Do Nothing

The price of Bitcoin (BTC) fell off a cliff early Sunday morning — but don’t say we didn’t warn you. (Twice. ) Now, is the best play to do nothing? Daily Chart Bitcoin tanked almost instantly from above $4100 to the 50-day exponential moving average (EMA), where it immediately found support.

2019-2-25 04:00
bitcoin best nothing btc price long position

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Bitcoin Price

Live Bitcoin Price Today Bitcoin Buying & Trading Guides Bitcoin Price Chart BTC / USD Bitcoin Price Candlesticks Bitcoin Price Converter 24 Hour Bitcoin Value All About Bitcoin Latest Bitcoin News & Price Updates Bitcoin Price Prediction The post Bitcoin Price appeared first on CaptainAltcoin.

2019-2-25 02:54	Crypto Journal
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Litecoin Price Drops Below $47 as Violent Bearish Momentum Materializes

Even though nearly all crypto markets had seemingly engaged the pups this morning, the current hourly chart looks incredibly bleak. Some altcoins lost over 10% in value in the span of a few minutes.

2019-2-24 18:00	LTC
litecoin price materializes looks chart momentum below

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Bitcoin Price Analysis – Bulls Blast Through $4K But is a Correction Imminent?

Bitcoin price continued surging through the early hours of Sunday morning, making new highs for 2019, up 1. 9% at $4190. As we head into the weekly close we look at the price action and what may lie ahead.

2019-2-24 15:00
price weekly bitcoin through close chart imminent

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Dogecoin Price Prediction: DOGE Has Broken Out of the Downward Channel, Where Is It Heading Next?

Long-Term Outlook A look at the Weekly chart for Dogecoin shows that price is currently trading at $0. 0021, on the edge of the support area formed by previous lows. Furthermore, we can see that price has found support right above the 200-period MA.

2019-2-24 13:44	Technical Analysis
price dogecoin support found heading next out

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Bitcoin Price Weekly Analysis: BTC’s Bullish Break Looks Real Towards $4,500

Bitcoin price extended gains and broke the $3,950 and $4,000 resistance levels against the US Dollar. The price traded to a new 2019 high above $4,100 and it could continue to rise in the near term.

2019-2-24 09:00	BTC
price break bitcoin near resistance above 950

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