Bitcoin Price Hits $600, Technical Indicators Bullish
The bitcoin price’s new upward path is set to consolidate to even higher price levels beyond $600, according to technical indicators. Prices are quoting in a new scenario pointing to higher levels. Bullish consensus allows a sustained movement that can probably ignore every intermediate resistance from the current quotes up to $820, where the technical objective is calculated. There is not any pattern or well-known formation to mention, but only the forecasting of mixing theories and a lot of lateral thinking. Based on old references in the present chart, the the next stage may drive the....
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Bitcoin price could be ready for another bounce off the channel support as the bullish trend goes on. Bitcoin Price Key Highlights. Bitcoin price is still inside that ascending channel on its 1-hour time frame, bouncing off support as suggested in the earlier article. Price just got rejected on its test of the channel resistance once more, putting it back on track towards testing support. Technical indicators are suggesting that a pullback could take place but that the bullish trend could continue. Technical Indicators Signals. The 100 SMA is above the longer-term 200 SMA so the path of....
The bitcoin price has recently launched into an upward rally, with technical indicators showing the rise slowing down at $820 while bullish consensus builds to send it further to $1500 by 2017. After bullish signs flooded the markets, the bitcoin price has shifted into an upward rally. According to technical indicators, this rally should last until we hit $820, after which a sideways market will prevail. If this scenario gets confirmed, quotes would be able to double again to the year-end objective beyond $1800. The current Elliott Wave Theory 5th phase could be evaluated at the same size....
Bitcoin price could be due for another test of the short-term range support, with technical indicators supporting a bounce. Bitcoin Price Key Highlights. Bitcoin price has been treading carefully inside a tight range visible on its short-term charts. Price seems to have lost bullish momentum and is headed for the bottom of the range at $601.50. Technical indicators are hinting that losses could be kept in check. Technical Indicators Signals. The 100 SMA is above the longer-term 200 SMA on this time frame, hinting that the path of least resistance is still to the upside. In fact, bitcoin....
Bitcoin price appears to be correcting from its recent selloff but technical indicators are signaling that a longer-term bounce might be in order. Bitcoin Price Key Highlights. Bitcoin price is pulling up from its recent slide but could be in for more gains if sellers hop in the short-term area of interest. Support at $555 was previously broken and might hold as resistance moving forward. Technical indicators, however, are suggesting that the climb could continue. Technical Indicators Signals. The 100 SMA is safely above the 200 SMA so the path of least resistance is still to the upside.....
Bitcoin price is still safely inside its ascending channel, with technical indicators confirming that the climb could carry on. Bitcoin Price Key Highlights. Bitcoin price continues to tread higher slowly, moving inside an ascending channel pattern visible on its 1-hour chart. Price just tested the channel resistance on a new wave higher and might be on its way towards testing support. Technical indicators also seem to be warming up to the idea of an uptrend in bitcoin price. Technical Indicators Signals. The 100 SMA is attempting to cross above the longer-term 200 SMA to indicate that the....