Bitcoin Price Regains $8K Support Zone, is the Bottom in?

2020-3-10 15:23

Bitcoin price held support levels predicted by technical analysis, but the question remains whether the recent price drop has reached its bottom. Price Slide Abated, but Calling Bottom Still Not Certain The recent price drop below $9,100 brought bitcoin briefly under $7,700.

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Bitcoin (BTC) на Currencies.ru

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Bitcoin Price Analysis: High Shorts Count Could Signal Price Hike

Once again, bitcoin finds itself precariously perched on the bottom of its macro trading range (TR). After a strong round of selling over the course of two weeks plunged the price back to the $6,000s, bitcoin began consolidating for several weeks at the bottom of the TR:Figure 1: BTC-USD, 1-Day Candles, Macro TRAs shown in the figure above, the market has interacted several times at the current price range and it has been a source of three major bullish rallies.

2018-8-25 00:42