Bitcoin (BTC) Price Analysis: Currency Could Recover Above $6,400

2018-11-1 15:32

Resistance levels: $6,356, $6,439, $6,744

Support levels: $6,286, $6,236, $6,204

BTC/USD Medium-term Trend: Ranging

BTC/USD is in its ranging trend on the 4-Hour chart.  The coin has been consolidating for more than two weeks within the bound range of resistance level of $6,439 and the support level of $6,356. On October 29, the bears gathered enough momentum and broke the support levels of $6,356 and $6,286 and exposed the lower support level of $6,236.

Yesterday, the bulls pushed up the BTC price, broke the resistance level of $6,286 up towards the resistance level of $6,356 where it was rejected by the formation of bearish inside bar candle that brought it back to the support level of $6,286.

For the BTC price to rally to the north, the bulls have to gather enough momentum to break the resistance level of $6,356 which will expose the coin to $6,439. In the same vein, the bears have to get more pressure and maintain it before the BTC price can be pushed to the south.

The 21-day EMA has fully crossed 50-day EMA and the two EMAs are fanned apart with the coin below the two EMAs which indicate the downtrend signal. The break out either to the south or north is imminent, traders should be patience.

BTCUSD Short-term Trend: Ranging

BTCUSD is ranging in its short-term outlook. Yesterday, there was a formation of bullish engulfing candle that propelled the BTC price to the north and broke the former resistance of $286 upside. Further BTC price increase was terminated by the Bears’ pressure at the resistance level of$6,356 and consolidation commenced at the $6,286 price level.

The two EMAs are closed and crossed with the coins directly on top indicates consolidation is ongoing. Meanwhile, the Relative Strength Index period 14 is below 50 levels and its signal line parallel without direction confirm consolidation in the BTC market.

The post Bitcoin (BTC) Price Analysis: Currency Could Recover Above $6,400 appeared first on ZyCrypto.

Similar to Notcoin - Blum - Airdrops In 2024

origin »

Bitcoin (BTC) на Currencies.ru

$ 69278.23 (+0.02%)
Объем 24H $13.51b
Изменеия 24h: -0.04 %, 7d: 2.23 %
Cегодня L: $69187.9 - H: $69415.31
Капитализация $1365.515b Rank 1
Цена в час новости $ 6445.44 (974.84%)

btc support 439 usd trend 356 ranging

Источник: zycrypto.com

btc support → Результатов: 126


Bitcoin (BTC) Price Analysis: Can Sellers Stay in Control?

Bitcoin has formed lower highs and higher lows on its 1-hour time frame to create a descending channel pattern. Price is bouncing off support and might be due for a test of the resistance soon. Applying the Fibonacci retracement tool on the latest swing high and low shows that the 50% level lines up with […] The post Bitcoin (BTC) Price Analysis: Can Sellers Stay in Control? appeared first on Ethereum World News.

2018-10-29 05:16


Analysis: BTC Price is Consolidating in Preparation for Higher Ground

Resistance levels: $6,439, $6,609, $6,744 Support levels: $6,286, $6,145, $6,028 BTC/USD Medium-term Trend: Ranging On October 18, the cryptocurrency made an attempt to rally to the north by the formation of a bullish engulfing bar but the bears rejected the bullish movement by the formation of bearish inside bar that returned the BTC price below […] The post Analysis: BTC Price is Consolidating in Preparation for Higher Ground appeared first on ZyCrypto.

2018-10-25 18:16


Ether Price Analysis: Historic Support Tested Amid Signs of Distribution

It’s been weeks since ether has seen a new high or a new low and the market has found itself range-bound. At the moment, we are seeing signs of distribution as large rounds of selling have remained present during key support tests:Figure 1: ETHUSD, 4 Hour Candles, Trading RangeSo far, for the last few weeks, ether has seen a trend of higher lows and low highs (the converging red trendlines).

2018-10-20 01:31


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

Аналог Notcoin - Blum - Играй и зарабатывай Монеты



Реклама на Currencies.ru

Самое свежее на Currencies.ru

Bitcoin Price Analysis: Market Is Set for Deeper Tests

If the market breaks support, the next logical level for the bitcoin price to test is at the $8,700s — the range that led to last week's massive breakout. The post Bitcoin Price Analysis: Market Is Set for Deeper Tests appeared first on Bitcoin Magazine.

Bitcoin Price Analysis: Bulls Reverse Entire Bearish Drop

A $1,500 candle proved bullish resolve for the bitcoin price as the entire bearish drop that occurred this week was engulfed. The post Bitcoin Price Analysis: Bulls Reverse Entire Bearish Drop appeared first on Bitcoin Magazine.