Bitcoin price technical analysis

Bitcoin (BTC) price analysis

Aiming to provide accurate and actionable information to its broad reader base, NewsBTC delivers regular bitcoin analysis made by seasoned experts in the field. The benefits of bitcoin technical analysis are plentiful. Perhaps one of the biggest benefits of timely technical analysis is the fact that it helps investors, as well as traders, predict the market trend. Sideways moves, uptrends, downtrends — all of them can potentially be predicted by a thorough, well-researched latest bitcoin analysis.

Additionally, bitcoin price analysis could essentially help the investor or the trader determine the best and most profitable entry and exit points. When it comes to trading, timing is critical. With the help of well-made bitcoin technical analysis, one can potentially determine the best time to enter and to exit a trade, thereby allowing for better returns. All of the above aside, a BTC price analysis provides a lot of precious information, helpful for both short term trading and long term investing. Technical charts give a lot of insights which can help traders and investors enter the right positions at the right time.

TA: Bitcoin Signals Fresh Decline, Why Dips Could Be Limited In BTC

How Extreme Fear In Crypto Correlates With Bitcoin Bottoms

TA: Bitcoin Recovers Sharply, Why BTC Could Rally Further Above $38K

Bitcoin price started a strong increase above the $35,000 resistance against the US Dollar. BTC is currently showing a lot of positive signs and it could even surge above $38,000.

Bitcoin Daily Dragonfly Doji Gives Bulls Hope Of Sharp Reversal

Bitcoin price is now up $6,000 from yesterday’s low in a flash. A long wick below support is now left behind, forming a Japanese candlestick formation called a dragonfly doji.

TA: Bitcoin Extends Losses, Why $30K Holds The Key For Next Wave

Bitcoin price extended its decline below the $33,000 support zone against the US Dollar. BTC is currently recovering and it must stay above $30,000 to avoid a larger decline. Bitcoin.

Time To Pay Attention: Bitcoin Indicator Behavior Mimics Historic Rally

Bitcoin price keeps sinking, but has kept mostly sideways leaving bears unable to break support to new lows. With the trading range at a pivotal point, as one trading legend.

TA: Bitcoin Resumes Slide, Why BTC Could Extend Losses In Short-Term

Bitcoin price failed to stay above the $35,000 support against the US Dollar. BTC is declining and it is likely to extend losses below $33,000 in the short-term. Bitcoin started.

Bitcoin Bulls And Bears Alike Beware Of Potential Pump And Dump Fractal

Bitcoin price has been stuck trading within a small symmetrical triangle. These continuation patterns tend to suggest another equal sized move down is coming. However, a sweep of lows would.

TA: Bitcoin Signals Fresh Increase, Here’s Why $37K Is The Key

Bitcoin price retested the $35,000 support level against the US Dollar. BTC is now rising, but it must clear $37,000 and the 100 hourly SMA for a steady increase. Bitcoin.

TA: Bitcoin Faces Another Rejection, Here’s What Could Trigger Nasty Decline

Bitcoin price climbed above the $38,000 resistance against the US Dollar, but it failed near $39,500. BTC is correcting lower and it might dive if it breaks the $37,000 support.

Why Bitcoin Price Could Be Destined To Retrace To $14K

Bitcoin price just saw the worst high timeframe correction in years, falling sharping by 50% and instilling fear across the market. The turn in sentiment has everyone guessing where the.

TA: Bitcoin Still Struggling Near $38K, Here’s Why 100 SMA Is The Key

Bitcoin price made another attempt to clear the $38,000 resistance against the US Dollar, but it failed. BTC is correcting lower, but it might find bids near the 100 hourly.

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Биткоин — Bitcoin

Все последующие выпуски Только предстоящий выпуск Получить напоминание за 1 торговый день

Позиция успешно добавлена:

Продолжается среднесрочная коррекция долгосрочного тренда. Как отмечалось ранее, цели этой корреции на уровне 40026 реализованы, причем с превышением. Более того, рынок также протестировал нижние.

Не знаю, друзья, о чем вы думаете. А я думаю о Сальвадоре. Только не спрашивайте, пожалуйста, где эта страна находится. Кажется, совсем недалеко от Гондураса. Ну да… того самого. С другой.

Аналитика и прогноз форекс на 10 — 11 июня 2021: eurusd, gbpusd, audusd, nzdusd, usdcad, usdchf, usdjpy, usdrub, eurrub, биткоин, эфириум, лайткоин, золото, серебро, нефть, индекс доллара, природный.

Биткоин восстановил часть позиций, утраченных в понедельник и вторник после входа из зоны консолидации, очерченной треугольником.Конгресс Сальвадора одобрил закон, регулирующий использование биткоина.

Аналитика по волнам Эллиотта по инструментам: Биткоин, Рубль, Евро, Фунт, Индекс доллара, Йена, Золото , Канадский доллар Таймкоды: 00:34 – Евро, 02:16 – Индекс доллара, 02:39– Фунт, 03:16 — Йена.

Опытные трейдеры знают, что стратегия усреднения опасна. Однако аналитики Microstrategy полагают, что снижение рынка – отличный повод для наращивания позиций. Насколько это рискованная игра?Усреднение.

Полагаю, мы не очень слукавим, если скажем, что на фондовом рынке США сейчас происходит буквально ничего. Нет, конечно же, какие-то события и новости, о которых мы расскажем ниже, имеют место быть, но.

Обзор рынка с 30 мая по 7 июня. После нескольких недель высокой волатильности криптовалютный рынок успокоился, при этом объемы торгов упали до четырехнедельного минимума. Большинство криптовалют все.

Биткоин падает вот уже четвертый из пяти последних дней, в процессе обновив минимум четырех с половиной месяцев. Можно выделить сразу несколько драйверов распродажи:Возможность корректировки.

Российский фондовый рынок умеренно снижается в первой половине торгов во вторник. Основный негатив связан с небольшим снижением цен на нефть — котировки падают на полпроцента. Кроме того, с.

По итогам дня индекс РТС вырос на 0,36%, правда на вечерней сессии котировки фьючерсов несколько «подсели». В четверг, 10 июня, состоится очередной этап переговоров между США и Ираном по ядерной.

Аналитика и прогноз форекс на 8 — 9 июня 2021: eurusd, gbpusd, audusd, nzdusd, usdcad, usdchf, usdjpy, usdrub, eurrub, биткоин, эфириум, лайткоин, золото, серебро, нефть, индекс доллара, природный.

Крипторынок начинает неделю с практически нулевой ценовой динамики. Суммарная капитализация цифровых валют составляет $1.6 трлн. Индекс доминирования биткоина приближается к 40%. Ведущие альткоины.

Технический анализ основных валютных пар: EUR/USD, GBP/USD, AUD/USD, NZD/USD, USD/CAD, USD/CHF, USD/JPY, USD/RUB.Товарный рынок: pолото, cеребро и нефть Brent.Индекс доллара и криптовалюта: Bitcoin и.

В мае рынок критовалют значительно просел, однако MATIC (Polygon) показал рост (+118%) наперекор общей тенденции. Это событие говорит не только о сильной позиции монеты, но и способности отдельных.

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• Допускаются комментарии только на русском языке.

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Bitcoin (BTC) Price Analysis – Daily Updates

Chart Analysis

Bitcoin Price Analysis: Following $6K Rebound, BTC Facing Critical Decision Point

How to read Bitcoin charts?

Bitcoin charts usually present the progress of the price using Japanese candlesticks. Each candle represents a specific time-frame (depends on the chart) and is showing the open, close, and price range during that time-frame.

On top of that, the chart usually contains a variety of technical analysis indicators . The most popular are support and resistance levels, trend-lines, Relative Strength Index (RSI), Fibonacci retracement levels.

What affects the price of Bitcoin?

Just like any other traded asset, the Bitcoin price is affected by supply and demand, as simple as that. However, the occurrence of certain global fundamental events could have a relation to the value of Bitcoin: During the year of 2016, for example, India’s banknote demonetization had a positive effect on Bitcoin. In India, the price of the cryptocurrency was trading 20% higher than the rest of the world.

If we go to recent years, the 2019 bull-run could be related to Facebook announcing on the Libra project. The bull-run started losing momentum as news regarding Libra’s regulation’s hardness started popping on the news.

Besides the major global events, there are some Bitcoin heavy-bag holders, which are also known as Bitcoin Whales. They are holding thousands of BTC’s, and that is enough to create large enough daily price maneuvers.

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Bitcoin Price Analysis: BTC vigorously surges to settle above $37,500 amid Thursday correction warnings

TL;DR Breakdown

• Bitcoin price analysis highlights BTC bull’s unanimous action to defend $33,000.
• Failure to break down past $33,000 ensured Bitcoin surges close to $38,000.
• Critical technical indicators gradually improve, validating Bitcoin’s bull run.

During today’s early morning trading session, Bitcoin soared to hit an intraday high of $38,250. The milestone comes when the global banking supervisor, Basel Committee, proposed new measures for financial institutions, indicating it is ready to take Bitcoin seriously.

Bitcoin Price Analysis: General price overview

Earlier this week, the number one crypto asset, Bitcoin, was trading slightly above the $33,000 support level. Due to the price plunge witnessed during the weekend, more sidelined buyers were allowed to invest in the crypto coin, supporting its upsurge campaign that eyes the $40,000 mark. Bitcoin’s latest surge has seen the crypto asset appreciate by about 14 percent in the last 24-hours, collectively sending the entire market to the green zone.

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As aforementioned above, the Swiss-based Basel Committee recently issued new proposals to regulate banks globally. According to the proposal, banks that offer Bitcoin investment programs to their customers will be required to set aside insurance money to cover them from losses in full. Due to Bitcoin’s high volatility, the Basel Committee proposes the coverage should be kept at around 1,250 percent. Although the proposal appears extreme, the move shows the banking industry is now ready for Bitcoin and other cryptocurrencies.

Bitcoin price movement in the past 24 hours

The last few days have seen Bitcoin register significant price rebounds. Going by the recent price surge, crypto pundits argue that the short-term down surge from $64,800 might be complete. This is due to the failure of the king crypto to break down past the $31,000 support level. At the time of writing, Bitcoin is exchanging hands at around $37,400 but trading with an immediate focus of $39,500. Interestingly, the immediate focus happens to be Bitcoin’s immediate resistance level.

If the crypto coin breaks above this level, Bitcoin would be free to rally towards the 38.2 percent Fibo retracement region that ranges between $43,970 to $64,830. If all things remain constant, there is a high likelihood that Bitcoin could surge towards the 61.8 percent Fibo retracement level at around $51,930.

Bitcoin 4-hour chart

According to Bitcoin’s 4-hour chart, critical technical indicators validate the ongoing bullish momentum. For instance, the Moving Average Convergence Divergence recently turned bullish, authenticating Bitcoin’s recent surge from $33,000 to $38,000. At present, the MACD line is teetering above the signal line, indicating Bitcoin is in for further upward price movements. It is worth noting that the more Bitcoin remains in the positive zone, the more investors will be encouraged to buy the coin, thereby extending the coin’s bullish outlook.

As for the SuperTrend, the technical indicator has also turned bullish by flashing buy signals. This signals a remarkable turnaround after a season of unfavorable price movements. On the other hand, the Relative Strength Index is yet to enter the positive price region. Currently hovering at level 46, the technical indicator shows the presence of bears is still evident.

Conclusion

At present, Bitcoin bulls have to ensure the 50 and 100 Simple Moving Average are protected to avert another breakdown towards $33,000 and $31,000. The recent El Salvador adoption news also appears to be favoring Bitcoin. Although it is still early, the number one crypto asset is scheduled to gain from this milestone.

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