Bitcoin Analysis for 2020-03-04 [Premium Analysis]

Bitcoin Analysis for 2020-03-04 [Premium Analysis]
фото показано с : beincrypto.com

2020-3-4 13:10

On March 3, the Bitcoin price reached the middle of its short-term trading range at $8,755. While it briefly dropped below, it reclaimed this level shortly after and has been moving upwards since.

Bitcoin (BTC) Price Highlights The Bitcoin price is trading in a range of $8,550-$8,975. There is resistance at $9,150 and $9,450. An hourly golden cross is about to transpire. It had previously broken out from a descending resistance line. Short-Term Range

Beginning on Feb 27. the BTC price has been trading in a range between $8,550-$8,975. It has validated both the support and resistance areas several times.

The price touched the resistance line on March 2 before beginning a decrease. Once it reached the middle of the range, it bounced upwards and began the current and ongoing upward move.

BTC is currently trading between the 50 and 200-hour moving averages (MA), which have formed a very narrow range.

The MAs are very close to making a bullish cross. So, the most likely movement here is a breakout above the 200-day MA, followed by a bullish cross and a movement above this trading range.

The next resistance area is found at $9,150.

Future Movement

Zooming out slightly, the price has broken out above a descending resistance line on March 1.

The breakout was preceded by a very strong bullish divergence in the RSI, which has now moved above the 50-line.

The next resistance area is found at $9,450. While the price is not expected to reach this level today, it is likely that it eventually gets there in the near future.

To conclude, the Bitcoin price has begun an upward move after bouncing in the middle of its range. It is expected to break out from its range and reach the next resistance area at $9,150.

For those interested in BeInCrypto’s previous Bitcoin analysis, click here.

The post Bitcoin Analysis for 2020-03-04 [Premium Analysis] appeared first on BeInCrypto.

Similar to Notcoin - TapSwap on Solana Airdrops In 2024

origin »

Bitcoin (BTC) на Currencies.ru

$ 61888.22 (-0.01%)
Объем 24H $26.923b
Изменеия 24h: -1.29 %, 7d: -2.59 %
Cегодня L: $61494.57 - H: $63088.03
Капитализация $1219.082b Rank 1
Цена в час новости $ 8724.75 (609.34%)

bitcoin analysis reclaimed dropped briefly level below

Источник: beincrypto.com

bitcoin analysis → Результатов: 126


The Inverted Bitcoin Chart Bears Don’t Wanna See | BTCUSD Analysis October 27, 2022

In this episode of NewsBTC’s daily technical analysis videos, we flip the Bitcoin price chart upside down to get a unique perspective on the market. Take a look at the video below: VIDEO: Bitcoin Price Analysis (BTCUSD): October 27, 2022 We also examine a weekly buy signal on BTCUSD using the Relative Strength Index, and show several examples of the signal’s effectiveness using Bitcoin and other assets.

2022-10-28 23:13


Фото:

Bitcoin price analysis for May

The cryptocurrency market is advancing this Friday, Bitcoin is trading very close to $58000, and for now, everything indicates that the price could advance above this level very soon. Fundamental analysis: Institutional demand continues to grow significantly Bitcoin continues to enjoy the support of both developers and user communities while the fundamentals of this cryptocurrency […] The post Bitcoin price analysis for May appeared first on Invezz.

2021-5-9 20:10


Фото:

Bitcoin (BTC) price analysis for April

Bitcoin (BTC) price is still trading below the $60,000 mark as buyers take a step back to allow for consolidation to take place.  Fundamental analysis: Kevin O’Leary says he will not buy “blood” Bitcoin mined in China Canadian businessman and investor Kevin O’Leary said he will only purchase Bitcoin mined in countries that use clean […] The post Bitcoin (BTC) price analysis for April appeared first on Invezz.

2021-4-7 11:12


дальше еще 77 новостей →

Партнеры Currencies.ru

Реклама на Currencies.ru

Самое свежее на Currencies.ru