Is Bitcoin Building a 2015-Style Price Bottom?

2018-9-12 11:10

Bitcoin's price decline this year looks eerily similar to a long-term bottom seen in 2015, chart analysis reveals.

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Bitcoin (BTC) на Currencies.ru

$ 69361.67 (+0.02%)
Объем 24H $11.835b
Изменеия 24h: 0.08 %, 7d: 1.93 %
Cегодня L: $69187.9 - H: $69415.31
Капитализация $1367.153b Rank 1
Цена в час новости $ 6509.73 (965.51%)

price bottom bitcoin seen 2015 long-term chart

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Bitcoin Price Analysis: High Shorts Count Could Signal Price Hike

Once again, bitcoin finds itself precariously perched on the bottom of its macro trading range (TR). After a strong round of selling over the course of two weeks plunged the price back to the $6,000s, bitcoin began consolidating for several weeks at the bottom of the TR:Figure 1: BTC-USD, 1-Day Candles, Macro TRAs shown in the figure above, the market has interacted several times at the current price range and it has been a source of three major bullish rallies.

2018-8-25 00:42