Where Is the Bottom for Bitcoin [BTC]?

2018-11-20 17:44

Bitcoin has continued its bearish movements and broke through several important support levels. Yesterday, Bitcoin broke through the key $5000 level and continued today to break below the anticipated support at $4600.

As 2018 comes to its conclusion, Bitcoin accelerates the bearish movements that we have seen all year. Daily RSI is at a historic low. The MACD diverges steeply to the downside with strong seller momentum. This time of last year saw some huge increases as price began to increase parabolically

We are seeing the opposite side of these movements this year with the price decreasing from opening around $5500 yesterday to a low around $4200 today. The prices have been decreasing on large amounts of volume showing strength behind this move.

Bitcoin Daily Chart – Source: Tradingview.com

The hourly shows price is currently starting to move back up slightly. A return to sharp declines has followed all the recent attempts of this. The low of 2018 that formed today is around $4225, and the price is currently trading around $4400.

Bitcoin Hourly Chart – Source: Tradingview.com

In terms of support levels, $4000 would typically be considered a key support level with it being a key psychological number. After price action dropped so quickly past $5000 yesterday, it is questionable whether we can even consider this to be supported. If the price falls below $4000, $3000 should definitely be considered support being both a key area of trading in 2017 and an important psychological number. This is also the point where the weekly 200 EMA trades.

Bitcoin Weekly Chart – Source: Tradingview.com Key Takeaways: Bitcoin continues bearish movements and breaks below several key support areas. Momentum is strong on the side of sellers with large amounts of volume being behind this move and RSI trading at historic lows. $4000 is a questionable support level but $3000 should be a key support level with the 200 weekly EMA trading here, it, being a round psychological number, and a past area of important trading activity. DISCLAIMER: Investing or trading in digital assets, such as those featured here, is extremely speculative and carries substantial risk. This analysis should not be considered investment advice, use it for informational purposes only. Historical performance of the assets discussed is not indicative of future performance. Statements, analysis, and information on blokt and associated or linked sites do not necessarily match the opinion of blokt. This analysis should not be interpreted as advice to buy, sell or hold and should not be taken as an endorsement or recommendation of a particular asset.

Where Is the Bottom for Bitcoin [BTC]? was originally found on [blokt] - Blockchain, Bitcoin & Cryptocurrency News.

Similar to Notcoin - TapSwap on Solana Airdrops In 2024

origin »

Bitcoin (BTC) на Currencies.ru

$ 70961.14 (-0.13%)
Объем 24H $52.6b
Изменеия 24h: 6.04 %, 7d: 14.80 %
Cегодня L: $68995.48 - H: $71441.63
Капитализация $1398.025b Rank 1
Цена в час новости $ 4465.59 (1489.07%)

bitcoin broke through movements support bearish bottom

Источник: blokt.com

bitcoin broke → Результатов: 126


Фото:

Bitcoin Price Analysis: Yearly Support Breaks as Bitcoin Tests Underlying Demand

After months and months of consolidation, the yearly support finally broke and now bitcoin has found itself in the lower $5000s for the first time since 2017:Figure 1: BTC-USD, Daily Candles, Broken SupportBitcoin managed to drop a staggering 16% yesterday as the market sliced through the long held support like a knife through butter.

2018-11-16 01:28


Фото:

“Bitmain Is Restructuring,” But Jihan Wu Still a Board Director: Source

Bitmain has denied reports that its CEO Jihan Wu was ousted as the mining firm’s board director while confirming that the board has undergone restructuring. Setting the record straight, Nishant Sharma, international marketing manager of Bitmain Technologies Limited, told Bitcoin Magazine that, instead of losing his position, Wu will continue on as a co-director of the board amidst a wider reorganization.

2018-11-15 21:26


Фото:

Poloniex Revised Terms of Use, Shutters Services in Several Countries

With a revision to the popular exchange’s terms of use, users from a handful of jurisdictions will have their access to Poloniex shuttered. According to an October 18, 2018, update, “the websites and the services offered by Poloniex (as defined below) are NOT addressed to persons who have their registered office or place of residence in China, Germany, Pakistan, the U.

2018-10-26 22:46


Bitcoin Price Analysis: BTC is Getting Ready for Another Huge Price Hike

Resistance levels: $6,960, $7,363, $8,075, Support levels: $6,678, $6,354, $4,800 BTC/USD Medium-term Trend: Ranging BTC/USD is ranging in its medium-term outlook. The coin experienced a sporadic increase on October 15, when the bulls came into the market with high momentum and the pair broke the resistance levels of $6,960, $7,363 and headed up to $8,075 […] The post Bitcoin Price Analysis: BTC is Getting Ready for Another Huge Price Hike appeared first on ZyCrypto.

2018-10-18 11:43


дальше еще 77 новостей →

Партнеры Currencies.ru

Реклама на Currencies.ru

Самое свежее на Currencies.ru

SOL Price Breaks $150 – Why Solana Could Soon Test $180

Solana is gaining bullish momentum above $150. SOL price is showing positive signs, and it could even surpass the $162 resistance in the near term. SOL price started a fresh increase from the $138 support against the US Dollar.