Bitcoin (BTC) Price Watch: Buyers Waiting for a Pullback?

2018-7-19 06:34

Bitcoin Price Key Highlights

Bitcoin price recently surged past an area of interest and may be due for a retest. Using the Fibonacci retracement tool shows where bulls might be waiting to join in. Technical indicators are hinting at potential profit-taking and a continuation of the uptrend.

Bitcoin price could be due for a correction from its latest rally, and buyers are waiting to join in at the area of interest.

Technical Indicators Signals

The 100 SMA recently made a bullish crossover from the 200 SMA to indicate that the path of least resistance is to the upside. This suggests that the uptrend is more likely to resume than to reverse.

These moving averages are also close to the new ascending trend line forming on the 4-hour chart. The Fibonacci retracement levels might also keep losses at bay and draw more bullish energy. In particular, the 61.8% retracement level is closest to the rising trend line support and area of interest at $6,800.

For now, RSI is indicating overbought conditions or that buyers are exhausted from the recent climb. This could open the case for profit-taking and a dip to the Fib levels. Stochastic has also reached the overbought region and looks ready to head down, bringing bitcoin price along with it.

BTCUSD Chart from TradingView

The sentiment in the cryptocurrency industry has been mostly positive after the recent technical breaks, which were seen to be spurred by rising institutional interest. Some, however, have dismissed this as a short squeeze following the other week’s “dead-cat bounce.” Others say the rally is being sustained by FOMO among market participants.

However, it also looks like investors are treating industry regulation as a plus instead of seeing this as a reason to jump out of their holdings. More updates on this topic or on acquisitions and investments could keep bitcoin price afloat and on track for a solid rebound.

The post Bitcoin (BTC) Price Watch: Buyers Waiting for a Pullback? appeared first on NewsBTC.

Similar to Notcoin - TapSwap on Solana Airdrops In 2024

origin »

Bitcoin (BTC) на Currencies.ru

$ 67251.24 (+0.39%)
Объем 24H $16.036b
Изменеия 24h: 0.46 %, 7d: 10.44 %
Cегодня L: $66856.94 - H: $67251.24
Капитализация $1324.763b Rank 1
Цена в час новости $ 7324.32 (818.19%)

bitcoin price waiting due watch btc buyers

Источник: newsbtc.com

bitcoin price → Результатов: 126


Bitcoin Price Trajectory: Is a Major Shift Looming? Expert Highlights These Key BTC Trends

Bitcoin, the world’s largest cryptocurrency, finds itself in a precarious position as it approaches the weekly closure, threatening to register its fourth consecutive red candle. This rare occurrence has sparked concerns within the crypto community, prompting experts like Sjuul of AltCryptoGems to analyze Bitcoin’s price action on higher timeframes.

2024-4-28 19:30


Bitcoin (BTC) price prediction after breaching $72k

Bitcoin price forecast points to a possible $82,000. Ten days remain to the much anticipated Bitcoin halving event. Kangamoon, a new meme coin, has raised over $4M in its ongoing presale taking advantage of the crypto hype created by Bitcoin’s price surge Bitcoin (BTC) has been making significant waves in the cryptocurrency market, with its […] The post Bitcoin (BTC) price prediction after breaching $72k appeared first on CoinJournal.

2024-4-8 15:15


дальше еще 77 новостей →

Партнеры Currencies.ru

Реклама на Currencies.ru

Самое свежее на Currencies.ru

Bitcoin (BTC) Price Watch: Aiming for $7,000 Next?

Bitcoin Price Key Highlights Bitcoin price is gaining traction on it bounce off the channel support on its 4-hour time frame. A move to the next upside targets might be in the works and the Fibonacci extension tool marks these.

Bitcoin (BTC) Price Watch: Eyes on This Support Zone!

Bitcoin Price Key Highlights Bitcoin price is still moving inside a range visible on its 1-hour time frame and looks prime for a test of support. Price has made it halfway down through the range and could have enough momentum for a move to the bottom.

Bitcoin (BTC) Price Watch: Bears Refusing to Let Up

Bitcoin Price Key Highlights Bitcoin price recently tumbled below a short-term rising trend line but might be due for a pullback. Applying the Fib retracement tool on the latest swing high and low shows the levels where more sellers might be waiting.