Bitcoin (BTC) Price Analysis (February 13)

2020-2-13 13:07

Key Highlights

BTC/USD market operations now face a level of price correction. The US dollar now has a brighter chance to increase its force over the most-famous cryptocurrency. The BTC/USD market point at $10,400 line remains a critical index in determining  a further rise in this crypto-trade.

Major resistance levels: $10,800, $11,200, $11,600
Major support levels: $9,200, $8,800, $8,400

Bitcoin (BTC) Price Analysis

The BTC/USD market operations now appear facing a level of price correction against the US dollar trade worth. After gaining a high value of $10,400, the crypto has been slowing in its further upswings of the market.

The US dollar now has a brighter chance to increase its force over the valuation of the most-famous cryptocurrency at this point as price trades around the $10,400 value.

Bitcoin Technical Indicators Reading

There has been a space between the bigger and the smaller SMA trend-lines. The 14-day SMA indicator has trended northwards closer to the current trading level of the market over the 50-day SMA.

To some large extent, the trading indicators still showcases that the bulls’ forces are relatively yet getting fade-off in this crypto-trade. The Stochastic Oscillators have penetrated the overbought region to consolidate within it tightly around range 80. That suggests that traders may consider going short on this market for a while at the value point around the $10,400 with a proper money management principle.

Conclusion

The BTC/USD market point at $10,400 line remains a critical index in determining the furtherance of a bullish trend of this trade. In the meantime, price levels between the $10,400 and $9,600 marks are expected to serve as the major trading regions from where the active move has to take place afterward. A reversal from both the market directions could mean a vital resumption of a bearish or bullish trend as the case may be.

 

Disclaimer: The presented information is subjected to market condition and may include the very own opinion of the author. Please do your ‘very own’ market research before making any investment in cryptocurrencies. Neither the writer nor the publication (bitcoinexchangeguide.com) holds any responsibility for your financial loss.

Similar to Notcoin - TapSwap on Solana Airdrops In 2024

origin »

Bitcoin (BTC) на Currencies.ru

$ 66873.71 (+0.04%)
Объем 24H $20.107b
Изменеия 24h: -0.38 %, 7d: 9.30 %
Cегодня L: $66739 - H: $67313.92
Капитализация $1317.41b Rank 1
Цена в час новости $ 10249.92 (552.43%)

btc market usd price point most-famous cryptocurrency

Источник: bitcoinexchangeguide.com

btc market → Результатов: 126


Bitcoin Not a Good Buy Despite 12% Gain; One Last BTC Crash Expected to This Level Before Spike to $100k

The cryptocurrency market has seen a resurgence in recent days, with Bitcoin (BTC) gaining nearly 12% over the past seven days. However, according to Xanrox, a crypto analyst on TradingView, investors should exercise caution as one last significant price drop may be on the horizon before a potential bull market emerges.

2024-4-25 23:30


Bitcoin Bulls On Edge As Pivotal Level Sets Stage For Potential Price Surge Or Slump

Bitcoin (BTC), the world’s largest cryptocurrency by market capitalization, has experienced a volatile market over the past few days, with its price fluctuating between highs and lows. However, BTC has recently bounced back from a major trend line at $27,000 and is currently trading at $29,600, representing a profit of over 8% in the last 24 hours.

2023-4-26 21:00


Bitcoin Just Posted Its First Weekly Close Above $11,700 Since 2018

Bitcoin and the aggregated crypto market have remained stable overnight, with bulls attempting to spark another uptrend The benchmark cryptocurrency is once again pushing up towards its long-held resistance around $13,200 If this level is shattered in the near-term, BTC could gain some serious traction that causes its price to rocket higher Where the market trends next will undoubtedly depend somewhat on BTC’s reaction to this level One factor currently working in buyers’ favor is […]

2020-10-26 21:00


Фото:

Мнение: биткоин упадет ниже $9000 в случае обвала фондового рынка

Корреляция BTC с американскими акциями грозит первой криптовалюте падением ниже $9000. Такое мнение высказал основатель инвестиционной фирмы Standpoint Research Ронни Моас. $BTC #BTC #bitcoin has been tracking the #USA #stockmarket very closely during the recent stock market collapse >>> I feel the stock market remains over-valued by 10%-20% >>> If this correlation continues .

2020-9-25 19:02


Bitcoin Price Prediction Today: Daily (BTC) Value Forecast – June 26

The BTC market was making positive move after a bullish break. More buyers than sellers are expected at the upper price  level so that the market will experience positive moves. On the upside, if the bulls break the $12,750 resistance, the crypto will reach a high of $13,000 or $13,500. BTC/USD Medium-term Trend: Bullish Resistance […]

2019-6-26 13:57


Фото:

Bitcoin Futures ‘Too Small’ to Cause BTC Bear Market

Experts have suggested that the bitcoin futures price effect may be so negligible as to have had almost no impact on the recent BTC price slide. Speaking to Crypto Briefing, Mati Greenspan, a senior market analyst from eToro, explained that in comparison to the volume on prominent exchanges, the BTC futures market was not large enough to […] The post Bitcoin Futures ‘Too Small’ to Cause BTC Bear Market appeared first on Crypto Briefing.

2018-6-30 16:55


Фото:

The 2018 Crypto-Bear Market Less Severe Than 2014, At Least for Now

Bitcoin prices back in 2013 touched a high of $1,236 per BTC on December 4, and following that spike the price dropped for more than a year, all the way to $225 per coin on June 1, 2015. Last year in 2017 the price of BTC ran up higher, but this time reached $19,600 per […] The post The 2018 Crypto-Bear Market Less Severe Than 2014, At Least for Now appeared first on Bitcoin News.

2018-6-29 06:45


дальше еще 77 новостей →

Партнеры Currencies.ru

Реклама на Currencies.ru

Самое свежее на Currencies.ru

Bitcoin price: Here’s why QCP Capital expects BTC run to $74k

Bitcoin surges past $66k after US CPI data triggers buyside pressure Here’s why QCP Capital analysts say BTC could run to $74k Bitcoin price surged past the $66,000 mark on Thursday to hit highs last seen in April amid a fresh dose of bullish sentiment.

Peter Thiel’s VC, Vitalik Buterin back $70 million raise for Polymarket

Peter Thiel’s venture capital firm Founders Fund co-led a $45 million Series B raise for Polymarket. Ethereum co-founder Vitalik Buterin also backed the Series B round. The predictions marketplace also announced it raised $25 million in a Series A round, led by General Catalyst and Polychain.

dYdX founder Antonio Juliano steps down as CEO

Juliano steps down as dYdX CEO, Crnkovic-Rubsamen takes over. The transition marks Juliano’s move to Chairman and President roles. dYdX experiences surge in activity amid market rebound. In a significant leadership transition within the crypto space, Antonio Juliano, the founder and long-time CEO of dYdX, has announced his decision to step down from his role.