Bitcoin Price Analysis: BTC/USD Broke Out at $8,233 Level, Uptrend May Continue

2019-5-27 11:45

Coinspeaker
Bitcoin Price Analysis: BTC/USD Broke Out at $8,233 Level, Uptrend May Continue

Key Highlights:Bitcoin price broke out of the consolidating zone at $8,233 level;BTC is under bullish control;the Bears may pull back the price to reach $8,608 level.BTC/USD Medium-term Trend: Bullish

Resistance levels: $9,007, $9,480, $10,014
Support levels: $8,608 $8,233, $7,812BTC/USD is Bullish on the medium-term outlook. Within the period of May 19 and May 26 the crypto was range–bound at $7,812 to $8,233 levels. The momentum of the Bears and the Bulls were at equilibrium. On May 26, the Bulls gained more momentum; this is noticed on the 4-hour chart with the formation of a strong bullish candle that broke up $8,233 level and the price reached $8,608.

Followed the scenario is emerging of another bullish candle that penetrated $8,608 and Bitcoin price was pushed to the level of $9,007. The Bears defended the $9,007 level, the price pushed back and currently facing $8,608 level.

Bitcoin price is trading at a distance above the 21 periods EMA and 50 periods EMA; which indicates the strong bullish momentum in the BTC market. The Relative Strength index period 14 is above 70 levels with the signal line bending down to connotes sell signal.

Should the $8,608 level hold, the bulls will continue to put Bitcoin price on the uptrend track. In case the Bulls lose their momentum with increase in the Bears’ pressure, $8,608 level may be penetrated and the price may find support at $8,233 level.

BTC/USD Short-term Trend: Bullish

On the short-term outlook, BTC/USD is Bullish. The Bulls gathered enough momentum on May 26 to break out of the ranging zone which Bitcoin price has been operating for more than four days. The price soared to the north side and the price reached $9,007 level. An inverted pin bar candle emerged; which is a bearish reversal signal. Bitcoin price is currently descending towards $8,608 level.

Meanwhile, the Relative Strength Index period 14 is above 70 levels with the signal line bending down to indicates a sell signal.

Bitcoin Price Analysis: BTC/USD Broke Out at $8,233 Level, Uptrend May Continue

Similar to Notcoin - Blum - Airdrops In 2024

origin »

Level Up Coin (LUC) на Currencies.ru

$ 0 (+0.68%)
Объем 24H $0
Изменеия 24h: 1.94 %, 7d: 12.29 %
Cегодня L: $0 - H: $0
Капитализация $0 Rank 99999
Цена в час новости $ 8.72E-5 (-100%)

level price may uptrend bitcoin 233 btc

Источник: coinspeaker.com

level price → Результатов: 126


Фото:

Bitcoin Struggles to Hold $17,000 After Wiping Out $1b in Open Interest

Bitcoin has been struggling to hold above $17,000, despite this being an important price level for the cryptocurrency Where it trends next will depend largely on whether or not bulls can continue building support at this level So far, each dip below it has been met with intense buy-side support that has allowed it to ascend Where it trends next will likely depend largely on its imminent price action It is important to note that […]

2020-11-27 21:00


Stellar (XLM) Price Analysis: Retesting the Broken Price level of $0.25 to Continue its Uptrend Movement

XLM/USD Medium-term Trend: Bullish Supply levels: $0. 26, $0. 27, $0. 29 Demand level: $0. 25, $0. 24, $0. 23 Stellar continues its bullish trend on the 4-Hour chart. The cryptocurrency started making ‘Higher Lows’ (HL), “Higher Highs” (HH) on the 4-Hour chart since November 1st after the formation of bullish pin bar on the demand level of $0.

2018-11-7 18:23


Bitcoin Market Update

At the time of writing, the price of Bitcoin (BTC) was sitting at around the $6,510 mark and had jumped approximately 14% after finding support at the six-monthly low level of $5,790. While we did expect a bounce from this support zone, buyers should beware the bull trap. In our view, this is not the […]

2018-7-5 06:00


Фото:

Bitcoin Price Analysis: New Low on Low Volume Breeds Potential Bullish Set-up

Bitcoin sits precariously perched at the bottom of the annual market low and many bitcoin investors aren’t sure what to make of it. Although the market seems to be continuing its drift to new lows with greater and greater ease, there are a couple of bullish signals worth considering while the market continues to consolidate: Figure 1: BTC-USD, Daily Candles, New Market LowOn Friday, June 29, 2018, for the first time this year, the daily candles closed below the annual low of $6,000s.

2018-7-1 19:35


дальше еще 77 новостей →

Партнеры Currencies.ru

Аналог Notcoin - Blum - Играй и зарабатывай Монеты



Реклама на Currencies.ru

Самое свежее на Currencies.ru

Bitcoin Open Interest Sets New All-Time High: Is Price Next?

Data shows the Bitcoin derivatives Open Interest has shot up to a new all-time high (ATH) recently. Here’s what this could mean for the asset’s price. Bitcoin Open Interest Has Registered A Steep Rise Recently In a post on X, CryptoQuant Netherlands community manager Maartunn has discussed about the latest trend in the Open Interest […]

Bitcoin Has Solid On-Chain Cushion Below $68,900: Stage Set For Fresh Rally?

On-chain data shows Bitcoin could have significant support between $66,900 and $68,900, which may help provide solid ground for a fresh surge to higher levels. A Large Amount Of Investors Bought Their Bitcoin Between $66,900 & $68,900 According to data from the market intelligence platform IntoTheBlock, BTC is currently floating above a major demand zone.

Bitcoin Volume Plummets To Historical Lows: Market Boredom Setting In?

Data shows that Bitcoin trading volume has plummeted to extreme lows recently, a sign that investor interest in trading the asset is low. Bitcoin Trading Volume Plunges As Price Continues To Move Sideways According to data shared by CryptoQuant author IT Tech in an X post, the BTC trading volume has been quite low recently. […]

Is This The Biggest Bitcoin Bull Run Ever? Analyst Says Yes!

Crypto analyst TechDev (@TechDev_52) recently shared a detailed chart analysis suggesting that Bitcoin might be on the cusp of its most significant breakout to date. This analysis, backed by historical patterns and technical indicators, points to a potential shift in the market that could lead to unprecedented price levels for Bitcoin.

Bitcoin ‘Realized Volatility’ Showing Very Rare Trend: What Could Be Next

Data shows that the Bitcoin Realized Volatility metric has fallen to historically low levels. What generally happens after this pattern forms? Bitcoin Realized Volatility Has Decline To Extreme Lows Recently In a post on X, CryptoQuant author Axel Adler Jr has discussed about the latest trend taking place in the Realized Volatility of Bitcoin.

How High Can Bitcoin Go Before A Top? Analyst Chimes In

An analyst has explained how the Bitcoin rally could still have room to run before hitting a top based on the data of this indicator. Bitcoin Macro Oscillator Isn’t At Historical Top Zone Yet In a new post on X, analyst Willy Woo has discussed the recent trend developing in the Bitcoin Macro Oscillator (BMO).

Halving Woes Already Over? Bitcoin Hashrate Smashes All-Time High

On-chain data shows the Bitcoin mining hashrate has sharply rebounded from its post-Halving lows and has achieved a new all-time high (ATH). 7-Day Average Bitcoin Mining Hashrate Has Just Set A New ATH The Bitcoin network runs on a consensus mechanism known as the “proof-of-work” (PoW).