Bitcoin Price Analysis: Weeks of Consolidation Are Coming to a Head

2019-9-6 00:34

Summary: The bitcoin market has been consolidating for several weeks and the volume and price volatilities are coming to a head. The price is beginning to narrow between heavy resistance and macro support and soon either the bulls or the bears will give way.As we draw near the monthly candle close, we can see that there is a heavy level of resistance we are failing to break at the $10,300s. The bulls want to see a strong push above, reclaiming that level as support. However, the lower time frames are finding this level as resistance and the demand seems to be absent.If we fail to maintain demand to push above the $10,300 level, bitcoin will likely see a retest of the $10,000s and, if that doesn’t hold, we will surely see a visit to the $9,500 range.

Trading and investing in digital assets like bitcoin is highly speculative and comes with many risks. This price analysis is for informational purposes and should not be considered investment advice. Statements and financial information on Bitcoin Magazine and BTC Inc sites do not necessarily reflect the opinion of BTC Inc. They should not be construed as an endorsement or recommendation to buy, sell or hold. Past performance is not necessarily indicative of future results.

The post Bitcoin Price Analysis: Weeks of Consolidation Are Coming to a Head appeared first on Bitcoin Magazine.

Similar to Notcoin - Blum - Airdrops In 2024

origin »

Bitcoin (BTC) на Currencies.ru

$ 76452.71 (+0.69%)
Объем 24H $65.98b
Изменеия 24h: 1.36 %, 7d: 8.41 %
Cегодня L: $74544.69 - H: $76661.52
Капитализация $1512.167b Rank 1
Цена в час новости $ 10400.93 (635.06%)

price bitcoin coming head weeks analysis consolidation

price bitcoin → Результатов: 126


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


Фото:

Analysts Predict Bitcoin Price Could Crash To $40,000, But There’s Good News

Despite initial expectations of a steady price increase and a robust bull run this year, Bitcoin (BTC) has suffered severe declines, pushing its price below the $60,000 threshold. Due to the cryptocurrency’s prolonged bearish performance, a crypto analyst has warned that Bitcoin could decline even further, predicting a potential crash below $40,000.

2024-9-4 22:30


Фото:

Michael Saylor Sets Audacious $49 Million Bitcoin Price Target – Details

The price of Bitcoin has recently returned below $68,000, as it attempts to stage a recovery following a significant price dip in the last week. While the crypto market leader attempts to find a support, popular American billionaire and Bitcoin maxi Michael Saylor has released a daring 21-year price prediction for the premier cryptocurrency.

2024-7-29 14:00