Bitcoin Price Lower; Recovery Ahead?
We’ve had a number of positive fundamental developments in the bitcoin space over the last couple of weeks – specifically relating to financial institutions pitching a stake in blockchain technology. The bitcoin price has reflected this, with these developments translating to some considerable volatility. Of course, we like volatility whether it’s upside or downside – from a short term perspective at least. Longer term we’d prefer our holdings to appreciate in value, but if we get a bit of downside short to medium term, our intraday strategy is set up to allow us to draw a profit from the....
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Bitcoin (BTC) dropped lower on Thursday, with dimming stimulus hopes and a resurgence in the coronavirus cases in the US and Europe casting doubts over the global economic recovery. The BTC/USD exchange rate established an intraday low at $11,263 as of around 0900 UTC, suggesting that it could correct further lower in the US trading […]
Litecoin price is currently attempting a recovery. It looks like it won’t be easy for buyers to take the price back up as sellers remain in charge. Intraday Support Level on the downside can be at $3.00. Intraday Resistance Level may be at $3.10. Litecoin price suffered heavy losses this past week, as it traded down and test the $3.0 handle. There was even a break below the stated level, signaling that there is a lot of bearish pressure on the price. Looking at the hourly chart with the data feed from Bitfinex, the price traded as low as $2.90 before starting a recovery. The price managed....
Key Highlights. Litecoin price fell sharply lower as our highlighted Double Top pattern on the hourly chart played well and pushed the price lower (data feed from Bitfinex). The price broke a major support area near $3.50, suggesting more losses in the near term. There might be a minor correction moving ahead as the hourly RSI is around the oversold readings. Litecoin price was crushed Intraday, as sellers managed to gain control taking it below a critical support area of $3.50. More Losses Ahead or Recovery in Litecoin Price? Litecoin price fell sharply Intraday, and traded towards $3.30....
Potcoin Price Key Highlights. Potcoin price declined further and broke the last low of 0.00000259BTC to create a new low. The price traded as low as 0.00000249BTC where sellers were seen struggling to gain pace. There is a possibility of a recovery in the near term, which means we might get one more opportunity to sell. Potcoin price moved lower and reached out final sell target of a new low below 0.00000250BTC and looks set for more losses. New Low? We were anticipating a new low in the Potcoin price below the last swing low of 0.00000259BTC. There was a decline noted, as the price traded....
Bitcoin Price Key Highlights. Bitcoin price looks like created a short-term top and might be heading lower moving ahead. There is a major support around 270.0 which holds the key in the near term. Bitcoin price declined this past week as we forecasted earlier and looks set for more losses. After the price traded close to 320.0 we witnessed a declining phase which was completed around 272.0. The price after finding support around 272.0 traded higher, but failed to maintain gains and stalled at the 50% Fib retracement level of the last drop from 320.0 to 272.0. It means that a short-term....