Bitcoin Sees New Price Support From 7-Year-Long Rising Trendline

2018-11-3 14:00

A trendline rising from 2011 lows has become the level to beat for the bitcoin bears.

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Bitcoin (BTC) на Currencies.ru

$ 98375.33 (+0.08%)
Объем 24H $105.727b
Изменеия 24h: 4.01 %, 7d: 11.75 %
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trendline bitcoin rising bears beat level 2011

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Bitcoin Price Analysis: Potential Reaccumulation Could Test Bear Trend

Last week, after a devastating move that shook the market violently up and down for a 7% move in just a few short minutes, bitcoin saw a major sign of strength as it proceeded to have a slow, but steady markup where it managed to establish a local high in the $6,800s:Figure 1: BTC-USD, Hourly Candles, Shakeout Prior to MarkupThis shakeout forced the market to temporarily establish a new monthly low in what could be argued to be a stop-hunt prior to the move to the $6,800s.

2018-9-24 21:29


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Markets Update: BTC Tests Major Descending Trendline

The BTC markets are testing a key resistance area, with price action appearing to be making a third point of contact with a major descending trendline dating back to December 2017. Also Read: Japan Roundup: No Excessive Crypto Regulation, Quoine Launches New Platform  BTC On Cusp of Testing Major Trendline The BTC markets appear on the […] The post Markets Update: BTC Tests Major Descending Trendline appeared first on Bitcoin News.

2018-8-27 03:45