Bitcoin [BTC] Prediction – Bullish Moves Continue

2018-9-4 17:05

We are seeing further bullish movement across the market today with some altcoins showing 24-hour increases in the double digits. After a small reversal yesterday, Bitcoin is back to pricing in gains but is fast approaching an area where resistance is to be expected. A descending triangle pattern which has been forming since January is expected to provide resistance to Bitcoin’s price action as it approaches $7400-$7500.

Today’s rise is on lower volume which shows the rise could be approaching its end and buyers are anticipating the resistance. On a bullish note, price and RSI continue to form higher highs and higher lows on the daily chart. And also the MACD continues to diverge to the upside showing strong buying momentum.

Bitcoin Daily Chart – Source: Tradingview.com

On the hourly chart, the 50EMA has been acting as a dynamic support level in the event of drops. Recent price action has been choppy, and it is not an ideal environment for traders to take positions with the unpredictable price swings. The outlook is currently neutral. A daily close above the descending triangle pattern which is currently around $7500 will be likely to lead to an influx of buyers. A drop below $7150 is likely to be bearish for the price, but there is also strong support expected at $6850.

Bitcoin Hourly Chart – Source: Tradingview.com Key Takeaways: Descending triangle pattern in play since January, resistance expected between $7400-$7500. Outlook is currently neutral. A move above $7500 will likely be a bullish outlook. A break below $7150 is likely to change the outlook to bearish. In the event of a drop below $7150, strong support is expected at $6850. DISCLAIMER: Investing or trading in digital assets, such as those featured here, is extremely speculative and carries substantial risk. This analysis should not be considered investment advice, use it for informational purposes only. Historical performance of the assets discussed is not indicative of future performance. Statements, analysis, and information on blokt and associated or linked sites do not necessarily match the opinion of blokt. This analysis should not be interpreted as advice to buy, sell or hold and should not be taken as an endorsement or recommendation of a particular asset.

Bitcoin [BTC] Prediction – Bullish Moves Continue was originally found on [blokt] - Blockchain, Bitcoin & Cryptocurrency News.

Similar to Notcoin - Blum - Airdrops In 2024

origin »

Bitcoin (BTC) на Currencies.ru

$ 68338.28 (-0.02%)
Объем 24H $29.575b
Изменеия 24h: 1.09 %, 7d: 1.16 %
Cегодня L: $68250.03 - H: $68476.74
Капитализация $1346.654b Rank 1
Цена в час новости $ 6509.73 (949.79%)

bitcoin bullish prediction moves continue btc pattern

Источник: blokt.com

bitcoin bullish → Результатов: 126


Bitcoin Will Remain Bullish as Long as This Consolidation Structure Holds: Why BTC May Never Close Below $56k Again

According to crypto analysts and traders, Bitcoin’s bullish trend is likely to persist as long as certain key technical structures remain intact. One trader known as “Mags” on X (@thescalpingpro) argues that the current consolidation above Bitcoin’s all-time high is a bullish sign, suggesting a potential continuation of the upward momentum.

2024-5-5 11:15


UK Bank Standard Chartered Publishes Bullish Ethereum Prediction; ETH to $35k If BTC Hits $175k

There has been a great deal of talk about Ether’s ability to surpass Bitcoin as the biggest and most valuable cryptocurrency. While Bitcoin remains atop the rankings, for now, British banking giant Standard Chartered has joined the ranks of financial institutions to post bullish predictions for the leading altcoin.

2021-9-9 20:53


Bitcoin Surges Past $50k on Low Funding But Institutional Investors Are More Bullish on Ethereum

Bitcoin’s breakout is “coinciding with the biggest increase in development activity,” while OI for Ether futures on CME has hit a new peak and has been on an uptrend since July 20. The post Bitcoin Surges Past k on Low Funding But Institutional Investors Are More Bullish on Ethereum first appeared on BitcoinExchangeGuide.

2021-8-24 17:35


дальше еще 77 новостей →

Партнеры Currencies.ru

Аналог Notcoin - Blum - Играй и зарабатывай Монеты



Реклама на Currencies.ru

Самое свежее на Currencies.ru

SOL Price Breaks $150 – Why Solana Could Soon Test $180

Solana is gaining bullish momentum above $150. SOL price is showing positive signs, and it could even surpass the $162 resistance in the near term. SOL price started a fresh increase from the $138 support against the US Dollar.