Daily Bitcoin Price Analysis: Has The Bullish Trend Resumed?
As we expected yesterday the pair of BTC:USD was trading in a narrow corridor of $428 - $433. However, during today's Asian session Bitcoin has risen sharply to $447. At the end of year 2015 a lot of market players have chosen to take profits, which led a decrease in Bitcoin price to $425. Now by the beginning of the year the players are increasing their investment assets and Bitcoin is slowly returning to its previous position. This suggests, first, the confidence of investors in Bitcoin, and secondly, that investors consider Bitcoin to be a real and full financial instrument. Today,....
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Bitcoin price resumed rising yesterday to score a high of around $280. March's bullish trend is gaining strength and it is becoming more evident that bitcoin price is heading towards the $300 mark. The charts are conveying clues that signal that we can see the price increase to $290 within the next 24 hours. By examining the 4 hour Bitfinex (BTC/USD) chart from tradingview.com and plotting the William's Alligator indicator (look at the below chart), we can notice the following: Since the bullish wave started on the 27th of February, we have been witnessing a repetitive pattern that....
Bitcoin price surged high further as forecasted in the last weekly analysis of BTC/USD. Now can the pair trade towards the $750 level this upcoming week? Key Points. Bitcoin price gained a lot of traction this past week versus the US Dollar, and traded higher above $700. There is a monster bullish trend line formed on the daily chart (data feed from SimpleFX) of BTC/USD, which acted as a catalyst for an upside move. If the current momentum continues, there is a chance of a move towards $750. Bitcoin Price Upside Surge. In the last week analysis, I mentioned that Bitcoin price is in an....
Bitcoin price achieved a new high for this year, last week. The correction over the weekend looked to be a potential reversal of the uptrend, but after a relatively shallow retracement the uptrend appears to have resumed. This analysis is provided by xbt.social with a 3-hour delay. Read the full analysis here. Not a member? Join now and receive a $29 discount using the code CCN29. Bitcoin Price Analysis. Time of analysis: 16h22 UTC. BTC-China 1-Hour Chart. From the analysis pages of xbt.social, earlier today: Judging by previous corrections during this advance, once price climbs to the....
Bitcoin price is gaining momentum as the daily chart of BTC/USD looks positive. Can BTC retain strength to break the $600 handle? Key Points. Bitcoin price enjoyed a decent upside ride against the US Dollar, and it looks poised for more gains. There is a bullish trend line formed on the daily chart (data feed from Bitstamp) of BTC/USD, which is acting as a catalyst for the upside move. If the current technical indicators are correct, there is a chance of BTC/USD breaking $600. Bitcoin Price Eyeing Gains. Bitcoin price grinded higher this past week vs the US Dollar and gained a lot of....