#1 Source For Bitcoin And Altcoin News
Bitcoin price on Tuesday appreciated as much as 2.88 percent against the US Dollar. The BTC/USD is trading at 6326-fiat at the time of this reporting. The pair opened the day forming lower lows towards 6229-fiat. There was already a minor uptrend in place on a bounce back from 6205-fiat from yesterday. However, BTC/USD lacked
The post Bitcoin Price Intraday Analysis: BTC/USD Hinting Reversal towards $ 6500 appeared first on CCN
Bitcoin is making a slow and steady recovery toward $ 7,000. Has bearish market sentiment alleviated? Or, are the current gains simply the result of a market-wide oversold bounce?
On Thursday, BTC broke through the $ 6,450 resistance and proceeded to reach a weekly high just shy of $ 6,600. This was prior to a brief pullback to $ 6,400. The weekly chart shows Bitcoin (BTC) 00 about to set a higher low. After last week’s break from this pattern, a few more weeks of higher lows will be required to determine if a trend change is in order.
Bitcoin on Saturday crossed above the $ 6,500-mark but lacked further upside momentum near the psychological resistance. The BTC/USD kickstarted the day forming higher lows towards 6475-fiat. The Asian trading session witnessed consolidated action within a narrow range defined by 6520-fiat to the upside and 6477-fiat to the downside. A breakout action appeared only during the early European
The post Bitcoin Price Intraday Analysis: BTC/USD Upside Held Near $ 6500 appeared first on CCN
Bitcoin on Friday broke above its psychological resistance level near $ 6,500 and formed higher highs towards $ 6,600. The BTC/USD kickstarted the Asian trading session with an impressive rally from 6462-fiat to 6595-fiat. However, the pair failed to sustain the upside momentum near the new resistance and retraced back towards 6400-fiat. As it happened, BTC/USD made
The post Bitcoin Price Intraday Analysis: BTC/USD in Near-term Rising Wedge appeared first on CCN
Bitcoin price on Wednesday recorded a marginal drop of 0.25 percent against a strong U.S. dollar. The BTC/USD today stayed on its prevailing sideways trend, exhibiting intrarange fluctuations of just around $ 100. The pair began the Asian trading session sheepishly, forming lower highs towards 6308-fiat and lower lows towards 6219-fiat. The sideways sentiment continued as … Continued
The post Bitcoin Price Technical Analysis: BTC/USD Hinting Breakdown Action appeared first on CCN
Bears remain fully in control of Bitcoin price, yet somehow, the $ 6,000 support is holding…for now.
After posting a daily high at $ 6,460, bitcoin price fell below the wedge formation and constant rejections at the 20-MA have kept BTC 00 in the pattern of lower lows.
Eventually, a bear flag formed and BTC continues to lose the hourly uptrend after every bull break so traders should either hold their powder or place tight stops in order to avoid being trapped by fake outs.
Bitcoin price on Tuesday depreciated against the US Dollar by almost 3.5 percent as the selling sentiment throughout the crypto-market continued to intensify. The BTC/USD opened today at 6389-fiat after rising from the low near 6218-fiat from the previous day. The pair couldn’t continue the upside correction right from the beginning of the today’s Asian trading
The post Bitcoin Price Intraday Analysis: BTC/USD Cautious Amidst Crypto Sell-Off appeared first on CCN
When we last discussed the ETH-USD pair, the price was testing support in the mid $ 200 range.
Since then, the market has dropped another 30% as ether tests the waters in the upper $ 190 range:
Figure 1: ETH-USD, 1-Day Candles, Macro Trend
The volume on the current drop has been exceptionally high compared to the beginning of its descent from the $ 800s. However, one thing to note is how little the last few candles have progressed compared to the large amounts of sell volume accompanying the movement — and this actually makes sense on a basic level. Oftentimes, markets love nice round numbers (in our case, $ 200) and you can clearly see a line of historic support in the $ 200 range (shown by the red dashed line).
On Friday, Sept. 7, the Ripple price (XRP) is recovering, although the intraday outlook is still mixed. Ripple is trading around 0.2905. Fundamentals XRP news are mostly neutral. This week, TransferGo launched a payment channel to India based on XRP technology, which will enable real time transactions. The channel is going to be available across
The post Ripple Price Intraday Analysis: XRP Faces Tough Battle against Selloff appeared first on CCN
Bitcoin price on Friday made no significant corrections from its intraday low near $ 6,302. The BTC/USD over the course of past 24 hours has done a raise-and-erase act, signaling a sideways sentiment. At the beginning of the Asian session, the pair had noted a weak bull correction attempt, so that it established an intraday high
The post Bitcoin Price Intraday Analysis: BTC/USD on Sideways Trend appeared first on CCN
Let’s be honest, unless you’re short, yesterday was catastrophic. Bitcoin was just shy of breaking $ 7,500 and taking the rally up another leg then unexpectedly plunged 13% and now we’re below $ 7k, again…
Prior to the dump, Bitcoin price BTC/USD 00 was experiencing continued rejections as it approached $ 7,400 but who would have known the pullback would be this severe?
Ideally, after a 27%+ run, consistent rejections signal that bulls are running out of steam and a pullback to say $ 7,300 – $ 7,100 would be sensible as lower highs and rejections function as a profit taking signal for some.
Bitcoin price on Thursday extended its prevailing bearish correction sentiment and dropped as much as 6.5 percent from the yesterday’s low near $ 6,710. The BTC/USD in the very first hours of today’s session formed lower highs and lower lows towards 6731-fiat and 6303-fiat. It very much set the sentimental course for the rest of the
The post Bitcoin Price Intraday Analysis: BTC/USD Rejects Bulls, Once Again appeared first on CCN
Against every bullish expectation, bitcoin price finally lost its latest upside today to growing bearish pressure. The BTC/USD on Wednesday plunged as much as 7 percent. The pair seemed to have overstayed its welcome near the resistance of our Rising Wedge channel. There was absolutely no buying sentiment visible around the area in the past
The post Bitcoin Price Intraday Analysis: BTC/USD Breaks Rising Wedge Support appeared first on CCN
This is a paid-for submitted press release. CCN does not endorse, nor is responsible for any material included below and isn’t responsible for any damages or losses connected with any products or services mentioned in the press release. CCN urges readers to conduct their own research with due diligence into the company, product or service mentioned … Continued
The post A Detailed Analysis of BitcoinReal (BTCr) appeared first on CCN
Bitcoin on Tuesday continued its uptrend, rising close to 3 percent since its intraday low from yesterday. The BTC/USD pair today opened near 7272-fiat while correcting from its previous low around 7248-fiat. At the beginning of the Asian trading session, the pair stayed on a stable and steady uptrend. As the session matured, and European
The post Bitcoin Price Intraday Analysis: BTC/USD Near Breakout appeared first on CCN
In a potentially trend-changing move, bitcoin has now managed establish its first *higher* low since the beginning of this years crypto bear market. In mid-June, after seeing a short-lived bounce from this year’s low in the upper $ 5,000s, the bitcoin market took a very harsh, unrelenting move that dropped the price from the mid $ 8000s to the $ 5900s. After such a strong move, the market managed to stabilize just above its previous low:
Figure 1: BTC-USD, Daily Candles, New Higher Low
On Monday, bitcoin price corrected weakly to the downside, summing up the pullback close to 3 percent. The BTC/USD looked lazy the whole day. The pair earlier corrected from its intraday high near 7340-fiat and continued its fall until hitting today’s low at 7203-fiat during the Asian morning session. The pair recovered later in an
The post Bitcoin Price Intraday Analysis: BTC/USD Could Attempt Pullback appeared first on CCN
Bitcoin price on Sunday continued to stick to its uptrend path, recording as much as 4 percent gains against the US Dollar. The BTC/USD began the Asian trading session with a small upside push in continuation of the overall bullish momentum. As the day progressed, there was visibly a weaker selling sentiment towards the interim … Continued
The post Bitcoin Price Intraday Analysis: BTC/USD Surges Towards Wedge Resistance appeared first on CCN
Bitcoin on Friday recovered more than 3 percent from its intraday low near $ 6,800. The BTC/USD began the day continuing to its steady upside recovery and reached as above as 7020-fiat during the early Asian trading session. The bounce back could have been more effective had it managed to break above 7000-fiat for a more
The post Bitcoin Price Intraday Analysis: BTC/USD Reverses from $ 7,000 appeared first on CCN
As Bitcoin price approaches the Monthly candle close after a volatile day yesterday, we take a look at what’s going on in the market.
Looking that the daily chart, after closing the previous week at $ 6,700, Bitcoin 00 began a bullish start to the week, trading at highs of $ 7,125 breaking the linear resistance by Tuesday.
Volatile moves followed on Thursday with Bitcoin dropping back to retest the previous resistance of $ 6,800 where support was found and a sharp $ 200 move back up to $ 7,000. Some traders will view resistance turning into support [otherwise known as a Wyckoff Throwback], as being bullish after a period of accumulation.
