Bitcoin Price Watch [Christmas Eve Edition]: BTC Hits $4,200 USD but Is a Bear Market Incoming Again?

2018-12-24 18:34

As can be seen from the chart above, RSI(14) is still on its way up. As a result of this, the price of BTC has somewhat re-corrected itself.

Additionally, it can also be seen that the overhead resistance zone is currently pegged at around $4.2k. With that being said, the overall financial condition of Bitcoin looks to be stable right now (temporarily) .

BTC A Short Term Forecast

Upon having a quick look at what the immediate future of BTC looks like, we can see that the currency’s RSI(14) is currently lying in the “overbought range”. This is not a good sign for the altcoin, since twice in the past when the premier asset was in this territory, it experienced a massive economic turndown.

In terms of its current price action, it appears as though Bitcoin will surge past the $4.2k resistance mark today . However, certain indicators seem to point towards a downtrend soon— with levels all set to drop to the $3K area again.

Final Take

While certain indicators are on the side of BTC at the moment, the currency’s long term position still appears to be quite risky at the moment. It now remains to be seen how the future of the premier crypto asset plays out.

Similar to Notcoin - Blum - Airdrops In 2024

origin »

Bitcoin (BTC) на Currencies.ru

$ 95308.25 (-0.39%)
Объем 24H $66.134b
Изменеия 24h: -0.06 %, 7d: 3.22 %
Cегодня L: $93967.9 - H: $96238.42
Капитализация $1887.784b Rank 1
Цена в час новости $ 3810.13 (2401.44%)

bitcoin seen btc price overhead condition somewhat

Источник: bitcoinexchangeguide.com

bitcoin seen → Результатов: 126


Bitcoin Creates Strong Tailwind as Traders Rotate Capital into Altcoins

Bitcoin’s price has begun consolidating following its immense surge seen throughout the past 48 hours Yesterday afternoon, it rallied as high as $13,200 before it found any strong resistance that forced it lower Unlike the trend seen during fleeting upsurges, Bitcoin did not retrace that far into its recent rally following the rejection at these highs This indicates that bulls are in control of the asset at the moment and may indicate that further upside […]

2020-10-23 02:00


Фото:

Hester Peirce Tells The SEC To Back Off From Bitcoin

Hester Peirce, Head Commissioner at the SEC, now known as ‘Crypto Mom’ has again spoken out against the SEC’s aggressive stance on Bitcoin. Peirce is well known for her bullish stance on cryptocurrency and is often seen as the one remaining glint of hope within the SECs structure, an organisation that looks to be taking a very negative stance on cryptocurrencies.

2018-9-19 20:00


Фото:

Premier League Football Continues To Lend Itself To Bitcoin Adoption

There’s a big trend in Premier League football at the moment that seems to be bringing in big interest in cryptocurrency and blockchain based sponsorships in football. London based Arsenal seemed to be the first to reach such an agreement and since then, we have seen cryptocurrency related sponsorships open up within a range of other top-flight football clubs, including Tottenham Hotspur and Leicester City with their new eToro sponsorships (among other clubs).

2018-9-17 14:30


Berkeley Professor Questions Stablecoin Viability in Unflattering Op-Ed

University of Berkeley Professor Barry Eichengreen has taken a swipe at the viability of stablecoins in an op-ed published on Project Syndicate. The critique, entitled “The Stable-Coin Myth,” argues stablecoins are not automatically "viable" just because they are pegged to an asset, though Eichengreen does believe they have an advantage over "conventional cryptocurrencies" such as bitcoin which he says "is highly unstable" and "unattractive as units of account.

2018-9-13 18:07


дальше еще 77 новостей →

Партнеры Currencies.ru

Аналог Notcoin - Blum - Играй и зарабатывай Монеты



Реклама на Currencies.ru

Самое свежее на Currencies.ru

Experts Back Cardano For 500% Gains or More

Cardano's ADA token has witnessed a significant surge over the past five weeks, climbing 300% to reach near two-year highs at $1.29 - but there's plenty more where that came from top analysts say.