Bitcoin Price Watch: BTC/USD Could Break Higher

2018-6-26 11:38

Key Points Bitcoin price traded with a positive tone and is currently below the $6,300 resistance against the US Dollar. There is a significant bearish trend line in place with resistance at $6,290 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair is likely to break the $6,290 and $6,300 resistance levels to gain traction in the near term.

Bitcoin price is about to make the next move against the US Dollar. BTC/USD may perhaps accelerate gains above the $6,300 resistance if buyers take control.

Bitcoin Price Analysis

The past three sessions were mostly positive as bitcoin price settled above the $5,800 and $6,000 supports against the US Dollar. The BTC/USD pair started a decent upward move from an intermediate swing low at $6,100. It moved above the 50% Fib retracement level of the last slide from the $6,754 high to $5,650 swing low. However, the price struggled to break the $6,290 and $6,300 resistance levels.

Moreover, a significant bearish trend line with resistance at $6,290 on the hourly chart of the BTC/USD pair acted as a hurdle. Additionally, the 61.8% Fib retracement level of the last slide from the $6,754 high to $5,650 swing low also stopped gains. On the positive note, the price is trading with a bullish bias above the $6,000 level and the 100 hourly simple moving average. If the price gains momentum above the $6,290 and $6,300 resistance levels, there could be more upsides towards $6,400 and $6,500.

Looking at the chart, the price is likely to break the $6,300 barrier for further upside. If not, there is a risk of a bearish reaction back towards $6,100. Below this, the price may perhaps resume its downside move below $6,000 in the near term.

Looking at the technical indicators:

Hourly MACD – The MACD for BTC/USD is mostly in the bearish zone.

Hourly RSI (Relative Strength Index) – The RSI is placed nicely above the 50 level.

Major Support Level – $6,100

Major Resistance Level – $6,300

The post Bitcoin Price Watch: BTC/USD Could Break Higher appeared first on NewsBTC.

Similar to Notcoin - Blum - Airdrops In 2024

origin »

Bitcoin (BTC) на Currencies.ru

$ 95673.44 (-1.31%)
Объем 24H $40.53b
Изменеия 24h: -1.52 %, 7d: -6.61 %
Cегодня L: $95673.44 - H: $97458.26
Капитализация $1898.09b Rank 1
Доступно / Всего 19.8m BTC / 21m BTC

break bitcoin usd btc price pair watch

Источник: newsbtc.com

break bitcoin → Результатов: 23


Analyzing bitcoin’s break above $4200, is it a trap?

The break of the $4,200 resistance level represented a pivot point for bitcoin. Many respected analysts believe the bottom is in for BTC, while a few others predict it could sustain more losses. Whether the former or the latter is right, it’s noticeable that optimism is growing among investors as the market continues to surge—the […] The post Analyzing bitcoin’s break above $4200, is it a trap? appeared first on CryptoSlate.

2019-4-23 03:09


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.