Bitcoin (BTC) Price Analysis: Currency Looks Set For A Bull Run, Can it Break Above $4K?

2018-12-18 15:29

BTCUSD Medium-term Trend: Bullish

Resistance levels: $3,726, $3,950, $4,109                                            

Support levels: $3,545, $3,379, $3,210

The cryptocurrency is bullish on the medium-term outlook. Several attempts were made by the bulls on the BTC market to reverse the trend but always rejected at the dynamic support and resistance level. An instance of scenario, on December 9, the coin was pushed up, broke the former resistance level of $3,545 and rallied towards $3,726 price level. It was returned to the previous low by the formation of bearish pin bar and BTC price further declined and bottomed at $3,210 on December 15.

A “tweezer bottom” candle pattern formed at $3,210 price level reversed the trend, the bulls gained momentum, broke up the former resistance levels of $3,379 and $3,545, a further increase was rejected at $3,726. Currently, the coin is carrying out price retracement.

The 21-day EMA is making an attempt to cross the 50-day EMA upside if the former crosses the later, it connotes that the trend changing to bullish. BTC price is already above the 50-day EMA which indicates that the bulls have gained momentum to change the trend.  The Relative Strength Index period 14 is at 60 levels pointing down indicates sell signal which may be a pullback to retest the broken level before it continues an uptrend.

BTCUSD Short-term Trend: Bullish

BTC/USD is bullish on the short-term outlook. BTC was range-bound within the resistance level of $3,379 and the support level of $3,210 since December 13 up till yesterday. The strong and massive bullish candle formed signaled the bulls’ momentum on the market. BTC price rallied to the north and topped at $3,726 price level after broken some barriers.

The 21-day EMA has crossed the 50-day EMA with the coin trading above the two EMAs which connotes bullish trend. The coin has retested the broken level. BTC/USD may continue its bullish trend as more bullish candles are emerging and the Relative Strength Index period 14 is above 55 pointing to the north indicates a buy signal.  

The post Bitcoin (BTC) Price Analysis: Currency Looks Set For A Bull Run, Can it Break Above $4K? appeared first on ZyCrypto.

Similar to Notcoin - TapSwap on Solana Airdrops In 2024

origin »

Bitcoin (BTC) íà Currencies.ru

$ 61946.74 (-0.01%)
Îáúåì 24H $28.707b
Èçìåíåèÿ 24h: 0.47 %, 7d: -2.67 %
Cåãîäíÿ L: $61494.57 - H: $63088.03
Êàïèòàëèçàöèÿ $1220.234b Rank 1
Öåíà â ÷àñ íîâîñòè $ 3565.18 (1637.55%)

btc medium-term above trend support bitcoin break

Èñòî÷íèê: zycrypto.com

btc medium-term → Ðåçóëüòàòîâ: 81


Bitcoin Price Analysis | November 8, 2018

Resistance levels: $6,509, $6,543, $6,609 Support levels: $6,439, $6,356, $6,286 BTC/USD Medium-term Trend: Bullish BTC is in a bullish trend on the medium-term outlook.  The Bulls return to the BTC market was noticed on October 31, when a strong bullish engulfing candle, formed at the $6,208 price level below the support level of $6,286 closed […] The post Bitcoin Price Analysis | November 8, 2018 appeared first on ZyCrypto.

2018-11-8 20:22


Analysis: BTC Price is Consolidating in Preparation for Higher Ground

Resistance levels: $6,439, $6,609, $6,744 Support levels: $6,286, $6,145, $6,028 BTC/USD Medium-term Trend: Ranging On October 18, the cryptocurrency made an attempt to rally to the north by the formation of a bullish engulfing bar but the bears rejected the bullish movement by the formation of bearish inside bar that returned the BTC price below […] The post Analysis: BTC Price is Consolidating in Preparation for Higher Ground appeared first on ZyCrypto.

2018-10-25 18:16


Bitcoin Price Analysis: BTC is Getting Ready for Another Huge Price Hike

Resistance levels: $6,960, $7,363, $8,075, Support levels: $6,678, $6,354, $4,800 BTC/USD Medium-term Trend: Ranging BTC/USD is ranging in its medium-term outlook. The coin experienced a sporadic increase on October 15, when the bulls came into the market with high momentum and the pair broke the resistance levels of $6,960, $7,363 and headed up to $8,075 […] The post Bitcoin Price Analysis: BTC is Getting Ready for Another Huge Price Hike appeared first on ZyCrypto.

2018-10-18 11:43


Bitcoin Price Analysis: The Bears Are Struggling to Take BTC Below $6k, But That Might Not Happen

Resistance levels: $6,759, $7,363, $8,075, Support levels: $6,118, $5,858, $4,800 BTC/USD Medium-term Trend: Bearish The cryptocurrency is bearish in its medium-term. Before the bearish trend, which took place between yesterday and today the price of Bitcoin had been range bound between the resistance levels of $6,759 and support level of $6,118 in the last 30 […] The post Bitcoin Price Analysis: The Bears Are Struggling to Take BTC Below $6k, But That Might Not Happen appeared first on ZyCrypto.

2018-10-11 19:07


äàëüøå åùå 32 íîâîñòåé →

Ïàðòíåðû Currencies.ru

Ðåêëàìà íà Currencies.ru

Ñàìîå ñâåæåå íà Currencies.ru

Bitcoin Price Analysis: Market Is Set for Deeper Tests

If the market breaks support, the next logical level for the bitcoin price to test is at the $8,700s — the range that led to last week's massive breakout. The post Bitcoin Price Analysis: Market Is Set for Deeper Tests appeared first on Bitcoin Magazine.

Bitcoin Price Analysis: Bulls Reverse Entire Bearish Drop

A $1,500 candle proved bullish resolve for the bitcoin price as the entire bearish drop that occurred this week was engulfed. The post Bitcoin Price Analysis: Bulls Reverse Entire Bearish Drop appeared first on Bitcoin Magazine.