Bitcoin Price Technical Analysis for 01/10/2017 – Early Bullish Signal?
Bitcoin price has been trading sideways recently but made an upside break from a short-term triangle pattern, signaling that buyers are putting up a fight. Bitcoin Price Key Highlights. Bitcoin price has been under a lot of downside pressure lately, thanks to warnings from the Chinese government on bitcoin exchanges and traders. Price has consolidated after its sharp drop at the beginning of the month as investors are now waiting for more clues. Bitcoin formed a small symmetrical triangle visible on short-term time frames and has broken to the upside. Technical Indicators Signals. The 100....
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A crypto market expert has reported that Bitcoin (BTC) has just formed its most bullish signal amid the ongoing bear market trend. According to the analyst, this technical signal could be the catalyst for a major bullish turnaround, potentially propelling Bitcoin’s price to explosive levels. Analyst Reveals Bitcoin’s Most Bullish Signal Yet The Bitcoin price […]
Bitcoin price seems exhausted from its dive and might be looking to start a climb once more. Bitcoin Price Key Highlights. Bitcoin price was previously trading inside a descending channel visible on its 1-hour time frame but bulls seem to be putting up a fight. Price is starting to break out of its downtrend pattern, signaling that an uptrend might be in the cards. Stronger bullish pressure could push price past the next inflection points and onto the January 5 highs. Technical Indicators Signals. The 100 SMA is still below the longer-term 200 SMA so the path of least resistance is to the....
Dogecoin is still yet to recoup its price decline from last week, which saw it breaking below $0.3. Nonetheless, a key technical signal has emerged on DOGE’s price chart that could send the meme coin on a bullish path for the rest of the year. According to crypto analyst KrissPax, who highlighted this key technical […]
The past 24 hours have seen bullish momentum return to XRP, with the cryptocurrency now reclaiming the $2.5 price level. This bullish momentum comes after a seven-day stretch of range consolidation between resistance at $2.5 and support at $2.3. Despite this consolidation of the price, technical analysis shows that XRP is still trading in a bullish setup, especially on the daily candlestick timeframe. Notably, this bullish setup shows that the XRP price is about to make a new all-time high run to $5. Bullish RSI Divergence And Strong Support Set The Stage Technical analysis of the XRP....