Bitcoin Price Analysis: BTC/USD Price May Break Out at $8,009 Level

2019-6-12 13:17

Coinspeaker
Bitcoin Price Analysis: BTC/USD Price May Break Out at $8,009 Level

Key Highlights:Bitcoin price is ranging at $7,812 level;the coin may rally towards $8,233 levelthe Bears may push the price to reach $7,085.BTC/USD Medium-term Trend: Ranging

Resistance levels: $8,009, $8,235, $8,582
Support levels: $7,600, $7,186, $6,856Bitcoin price is on the sideways movement on the medium-term outlook. The Bitcoin has been range-bound within the resistance level of $8,009 and the support level of $7,009 for more than a week.

Consolidation may continue until the Bulls have enough momentum to break out at the $8,009 resistance level and rally towards $8,235 or the Bears break out at the support level of $7,600 and rally towards $7,186. As at the moment, the Bulls are trying to push up the price to break up the strong resistance level of $8,009.

Bitcoin price is hovering over the 21-period EMA and the 50 periods, the two EMAs are flat horizontally at the level as a sign of ranging movement in the Bitcoin market. The Moving Average Convergence Divergence period 12 is flat on the zero levels and the signal lines horizontally flat as well to indicate that consolidation is ongoing.

Should the Bullish candle penetrate the resistance level of $8,009 and close above it, Bitcoin price may move up towards $8,235. In case the Bearish candle penetrates the support level of $7,600 and close below it, $7,186 may be the next target.

BTC/USD Short-term Trend: Ranging

BTC/USD is ranging in the short-term outlook. The momentum of the Bulls and the Bears are still at equilibrium till the moment of writing this report. The coin maintains its movement within the range of $8,009 and $7,600 levels. The breakout is imminent.

Bitcoin price is moving over and below the two EMAs in zigzag format. The Moving Average Convergence Divergence period 12 and its histogram together with the signal lines are flat horizontally at the level.

Bitcoin Price Analysis: BTC/USD Price May Break Out at $8,009 Level

Similar to Notcoin - TapSwap on Solana Airdrops In 2024

origin »

Bitcoin (BTC) на Currencies.ru

$ 62810.16 (+0.43%)
Объем 24H $23.106b
Изменеия 24h: 2.84 %, 7d: -2.30 %
Cегодня L: $60793.66 - H: $63077.76
Капитализация $1237.216b Rank 1
Цена в час новости $ 8014.16 (683.74%)

price may 009 level bitcoin out break

Источник: coinspeaker.com

price may → Результатов: 126


Chainlink (LINK) Price Down Today As Bears Take Control – Here’s Why

Chainlink has dropped slightly in the market today as bears seized control of its price. LINK’s current price depicts a loss of 87. 7% from its all-time high of $52. 88 on May 10, 2021. Related Reading: Decentraland (MANA) Leads Crypto Market Gains, Here’s Why The asset has been fluctuating between the $6 and $7 price levels since the beginning of May and is currently at the $6 price level.

2023-5-20 14:14


Analyst: Ethereum Now Entering a Macro Correction as Selling Pressure Mounts

Ethereum has been hit hard by the latest selloff, with the cryptocurrency’s price plunging to its critical $400 support before posting a slight rebound This price action has done little to offer insight into ETH’s mid-term trend, but it did strike a blow to the bull case that has been mounting over the past few weeks Analysts are now conflicted as to where it may trend in the near-term, which may depend largely on its […]

2020-9-4 23:00


Фото:

Crypto Price Analysis May 6: BTC, ETH, XRP, BCH, BSV, LTC, BNB, EOS, XTZ, LINK

On May 6, the Bitcoin price finally broke out from the resistance line it had been following over the past week. This could be a sign that the BTC price is ready to move towards new highs. In this article, we will take a look at the Bitcoin price movement, along with nine other cryptocurrencies, […] The post Crypto Price Analysis May 6: BTC, ETH, XRP, BCH, BSV, LTC, BNB, EOS, XTZ, LINK appeared first on BeInCrypto.

2020-5-7 01:37


Фото:

Crypto Price Analysis May 5: BTC, ETH, XRP, BCH, BSV, LTC, BNB, EOS, XTZ, LINK

The Bitcoin price has been decreasing inside a bearish pattern since April 30. At the time of writing, the price was trading near $8,900. With the third BTC halving projected to occur on May 12, Google search interest for the event is at an all-time high, a value more than four times the previous all-time […] The post Crypto Price Analysis May 5: BTC, ETH, XRP, BCH, BSV, LTC, BNB, EOS, XTZ, LINK appeared first on BeInCrypto.

2020-5-6 19:15


BITCOIN SV Price Prediction Today: Daily (BSV) Value Forecast – May 16

The short and medium-term outlook is in the uptrend. Traders may consider buying at pullback area with bullish reversal candlesticks formation as entry confirmation. BSV/USD Medium-term Trend: Bullish Supply zones: $90, $100, $120 Demand zones: $50, $40, $30 BSVUSD continues in a bullish trend in its medium-term outlook. The bulls sustained the upward momentum as […]

2019-5-16 08:33


Фото:

Ethereum technical analysis against Bitcoin and USD suggest a strong uptrend may come next week

As the market continues to climb on its rally from December lows, several of the high cap coins have been noticeably quiet—including Ethereum. However, Bitcoin’s recent price surge saw its price increase nearly 50 percent in two days, giving Ethereum and other high-caps the boost they needed to start their climb upwards.

2019-5-16 01:36


Dogecoin Price Prediction 2019: Much Wow Is Heading North (May 16th Update)

Mid May Update: Technicals Dogecoin still has some of its bite strength left! Let’s look at what DOGE has been up to in the recent couple of days: 4H DOGEBTC The 4h timeframe portrays a nascent bullish reversal – DOGE clearly bottomed out at 34 sats after forming a quadruple bottom before shifting gears and […] The post Dogecoin Price Prediction 2019: Much Wow Is Heading North (May 16th Update) appeared first on CaptainAltcoin.

2019-5-16 01:32


Chainlink Mainnet Plans to Launch May 30th On Ethereum Network as LINK Price Skys to $0.84

Chainlink CEO Sergey Nazarov has announced that they are planning to launch the Chainlink Mainnet on Ethereum on May 30th. The announcement took place at Consensus 2019, in New York City. Thrilled to announce that Chainlink Mainnet on Ethereum is going live on May 30th! #chainlink #smartcontract #Consensus2019 #mainnet pic.

2019-5-15 17:02


дальше еще 77 новостей →

Партнеры Currencies.ru

Реклама на Currencies.ru

Самое свежее на Currencies.ru

Bitcoin HODLer Profit-Taking Calms Down After Wild Selling Spree: Green Sign For Rally?

On-chain data shows the Bitcoin long-term holders have finally cooled off their profit-taking after showing a wild selloff just earlier. Bitcoin Coin Days Destroyed Has Calmed Down For BTC Recently As pointed out by BTC on-chain research account “The Bitcoin Researcher” in a post on X, the Coin Days Destroyed In Profit metric has declined […]

Bitcoin Supply Shock: Exchange Inflow Trend Lowest Since 2015

On-chain data shows the Bitcoin exchange inflow trend has been at its lowest in almost a decade recently, a sign that may be bullish for the asset. Bitcoin Exchange Inflows Have Been On The Decline Recently As pointed out by CryptoQuant author Axel Adler Jr in a post on X, the BTC exchange inflows have […]

Bitcoin To Reach Escape Velocity? Analyst Makes The Case

An analyst has explained how Bitcoin seems to be showing a good setup to reach escape velocity based on the trend in this indicator. Bitcoin VWAP Oscillator Has Been Showing A Bullish Divergence As explained by analyst Willy Woo in a new post on X, a bullish divergence has appeared to be forming in the Volume-Weighted Average Price (VWAP) oscillator of the cryptocurrency.

Bitcoin Greed No More: Sentiment Back At Neutral After $57,000 Plunge

Data shows that Bitcoin sentiment has cooled off to neutral from greed following the asset’s latest plunge to the $57,000 level. Bitcoin Fear & Greed Index Has Returned To Neutral Levels The “Fear & Greed Index” is an indicator created by Alternative that shows the average sentiment among investors in the Bitcoin and wider cryptocurrency market.