Bitcoin Price Returns From Altitude
Bitcoin price made reentry last night and bounced at $300 and 1800 CNY after trading at almost double those prices less than a week ago. How low could it go? 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: 15h27 UTC. BTC-China 4-Hour Chart. From the analysis pages of xbt.social, earlier today: A massive move lower came as a shock - not because it declined - but because it did so without clear signaling in the chart - preventing us from....
Related News
Average year-to-date returns for the top-four North American bitcoin miners are up to 140%, versus bitcoin price returns of 49%.
Bitcoin price is under the control of the bears. Cynical sellers are pulling us lower according to their sense of Bitcoin’s value. Bitcoin Core is 100% censorship resistant and will never go away. A drop lower closes the 1/4 size position Buy trade at $380 (Bitstamp). The drop is interesting because it did not achieve a new low – well, that may still follow later – and price has halted at a longterm supporting Fib trendline. If price can maintain position here, we may see a surprise reversal to the upside, as happened in September last year. In this scenario we need to wait for price to....
Ethereum prices dropped on Wednesday as traders decided to secure their short-term profits at the cryptocurrency’s sessional high. The second-largest blockchain asset plunged by up to 4.92 percent to its mid-March support level of $1,771. Its move downhill appeared mostly due to its strong positive correlation with Bitcoin, the world’s leading cryptocurrency by market cap. […]
Bitcoin price has begun to slowly lose altitude below $580 (Bitstamp). As usual, exuberant buying continues at the wave top, so upward spikes may still form. Analysis looks for the initial confirmation of a downward price correction. As the OKCoin September futures contract opened today, price surged to near $616 in that chart. Although it was not a new futures high, it does speak of the bullish sentiment of traders with regards to the late-July reward-halving event. The other exchange charts remained subdued – most of them putting in a lower high for the day. We now keep an eye on price....
Ethereum is already seeing a slowdown for the month of June, suggesting that it is sticking to established historical trends for the month. With half of the month already gone, the altcoin is likely to finish out the month in the same trend, and the previous cycle data warns of further price crashes. But how far down will the Ethereum price go before it recovers? Ethereum Fighting The Bears In June According to data from the CryptoRank website, the month of June is the second-worst month for the Ethereum price historically. This comes down to its average and median returns, which sit at....