Bitcoin (BTC) Price Watch: Are Bears Back in the Game?

2018-10-19 07:35

Bitcoin Price Key Highlights

Bitcoin price appears to be turning from the resistance at the top of its descending triangle on the 4-hour chart. Price could be making its way back to the bottom of the triangle again from here. Technical indicators are also reflecting the presence of selling pressure that could keep gains in check.

Bitcoin price seems to be having trouble sustaining its earlier climb as the top of the descending triangle is holding as resistance.

Technical Indicators Signals

The 100 SMA is below the longer-term 200 SMA on this time frame, confirming that the path of least resistance is to the downside. In other words, resistance is more likely to hold than to break. These moving averages also coincide with the triangle top to add to its strength as a ceiling.

Stochastic is on the move down so bitcoin price could follow suit while selling pressure is present. This oscillator has some room to go before reaching oversold levels, which means that sellers could stay in control for a bit longer. RSI is also heading south and has plenty of room to cover before reaching oversold territory as well.

BTCUSD Chart from TradingView

The spike higher in bitcoin is seen to be a result of the selloff in Tether as doubts are emerging on its stability and the financial health of Bitfinex. However, traders quickly booked profits as most of the move was also spurred by FOMO or fear of missing out.

Still, there’s enough reason to expect a longer-term rally to materialize as institutional funds could flow in by early next year. Fidelity Investments has unveiled its institutional platform for bitcoin and ethereum, making it available to more hedge funds and financial institutions. Goldman Sachs has also reportedly invested in BitGo in order to make cryptocurrencies more accessible to its clients.

The post Bitcoin (BTC) Price Watch: Are Bears Back in the Game? appeared first on NewsBTC.

origin »

Bitcoin (BTC) на Currencies.ru

$ 97112.21 (-1.14%)
Объем 24H $49.213b
Изменеия 24h: -5.02 %, 7d: -7.46 %
Cегодня L: $96982.68 - H: $101508.43
Капитализация $1924.642b Rank 1
Цена в час новости $ 6473.89 (1400.06%)

price bitcoin back could triangle game btc

Источник: newsbtc.com

price bitcoin → Результатов: 126


Bitcoin Price Struggles With Liquidity Blocks From $86,000 To $104,000, Analyst Reveals The Logical Thing To Do

The Bitcoin price has spent the majority of the past seven days consolidating around the $94,000 mark with signs of a break to either side. According to a crypto analyst, Bitcoin’s recent price movements have led to the creation of liquidity blocks observed between the $86,000 to $104,000 range, which raises an equal likelihood of a bounce towards $104,000 or a downside break to $86,000 from the current price.

2025-1-13 14:00


Bitcoin price analysis: economic headwinds push price lower

Bitcoin tested the $92,000 level yesterday after falling from a weekly high of $102,000 as sell pressures mounted Macroeconomic factors cause doubts about the market strength as sticky inflation becomes a concern Spot crypto ETFs logged large outflows on Wednesday following the release of the Fed meeting notes Bitcoin’s price has fallen from a high […] The post Bitcoin price analysis: economic headwinds push price lower appeared first on CoinJournal.

2025-1-11 17:48


Фото:

Bitcoin Price To See 70%+ Powerful Bull Wave To Push It Over $100,000, How High Can It Go?

The Bitcoin price is slowly breaching the $70,000 mark, showcasing steady upward momentum despite downward pressure from the bearish performance of the US equities market. Taking note of Bitcoin’s recent price movements, a crypto analyst has suggested that the pioneer cryptocurrency could be gearing up for a strong bull wave that could drive its price by over 70%, pushing it past the $100,000 milestone.

2024-10-26 04:00


дальше еще 77 новостей →

Партнеры Currencies.ru



Реклама на Currencies.ru

Самое свежее на Currencies.ru

Bitcoin (BTC) Price Watch: Aiming for $7,000 Next?

Bitcoin Price Key Highlights Bitcoin price is gaining traction on it bounce off the channel support on its 4-hour time frame. A move to the next upside targets might be in the works and the Fibonacci extension tool marks these.

Bitcoin (BTC) Price Watch: Eyes on This Support Zone!

Bitcoin Price Key Highlights Bitcoin price is still moving inside a range visible on its 1-hour time frame and looks prime for a test of support. Price has made it halfway down through the range and could have enough momentum for a move to the bottom.

Bitcoin (BTC) Price Watch: Bears Refusing to Let Up

Bitcoin Price Key Highlights Bitcoin price recently tumbled below a short-term rising trend line but might be due for a pullback. Applying the Fib retracement tool on the latest swing high and low shows the levels where more sellers might be waiting.