Bitcoin Price Analysis: BTC/USD Price Tested $11,311 Level Twice, Expecting the Third Breakout

2019-6-24 11:23

Coinspeaker
Bitcoin Price Analysis: BTC/USD Price Tested $11,311 Level Twice, Expecting the Third Breakout

Key Highlights:Bitcoin price broke out at $9,398;The coin reached $11,311 level;BTC price is currently consolidating at $10,967 level.BTC/USD Medium-term Trend: Ranging

Resistance levels: $10,967, $11,311, $11,643
Support levels: $10,168, $9,398, $8,879On the medium-term outlook, Bitcoin price is bullish. The coin is obeying the command from the Bulls every day. After short consolidation at the former resistance level of $9,398, the coin broke out at the level and rallied towards the $10,168 price level.

The Bulls maintain their momentum and the strong bullish candle emerged that broke up the $10,168, the price increased touched the resistance level at $11,311 on June 22, that is the level reached on February 2018. Bitcoin price respected the level and retraced towards $10,168 level. The crypto retested the level second time on June 23, is currently pulling back before the continuation of Bullish trend.

Bitcoin price retain its trading above the 21 periods EMA and 50 periods EMA and the two EMAs are bending following the trend direction; these indicate further increase in Bitcoin price. Nevertheless, the Stochastic Oscillator period 14 is at 60 levels with the signal lines bending down to connotes sell signal which may be a pullback. The Bitcoin may experience ranging movement briefly within the $10,168 – $10,967.

BTC/USD Short-term Trend: Bullish

BTC/USD is Bullish on the short-term outlook. After the bullish breakout at $9,398 level, the bullish momentum increased and placed the price at the resistance level of $11,311. The evening star candle pattern emerged and the price dropped towards dynamic support level. On June 23, Bitcoin price touched the $11,311 level the second time, pulled back and currently consolidating around the just mentioned level.

However, the Stochastic Oscillator period 14 is above 20 levels pointing up to indicate further increase in Bitcoin price.

Bitcoin Price Analysis: BTC/USD Price Tested $11,311 Level Twice, Expecting the Third Breakout

Similar to Notcoin - TapSwap on Solana Airdrops In 2024

origin »

Level Up Coin (LUC) на Currencies.ru

$ 7.53E-5 (+0.68%)
Объем 24H $0
Изменеия 24h: 1.94 %, 7d: 12.29 %
Cегодня L: $7.53E-5 - H: $7.53E-5
Капитализация $75.097k Rank 1896
Цена в час новости $ 0.000109 (-30.92%)

price level 311 expecting bitcoin twice third

Источник: coinspeaker.com

price level → Результатов: 126


FTX Token Price Analysis & Prediction (Jan 24th) – FTT Bounces Back Above $2 After a Correction, Can it Hold That Level?

After a long crash, FTT found a local bottom earlier this month and recovered to $3 last week. The price dropped and rebounded but has failed to retake the previous price level. The FUD surrounding the FTX token is still very high considering the collapse and most importantly the fraud charge against the former founder […]

2023-1-24 10:35


Фото:

Ethereum to See “Price Discovery” in 2021; Analyst Targets $750

Ethereum has seen some slight momentum over the past 24-hours that has pushed its price towards $380 This is a critical level that has historically sparked both uptrends and downtrends Whether or not this level is broken above in the near-term will provide serious insights into the crypto’s outlook One analyst is noting that its mid-term market structure is incredibly bullish, and that it is likely to lead it into “price discovery” in 2021 As […]

2020-10-18 22:00


дальше еще 77 новостей →

Партнеры Currencies.ru

Реклама на Currencies.ru

Самое свежее на Currencies.ru

Bitcoin Not Out Of Danger Yet, NVT Golden Cross Warns

On-chain data shows the Bitcoin Network Value to Transactions (NVT) Golden Cross still has a high value, a sign that may be bearish for BTC. Bitcoin NVT Golden Cross Is Still Near Historical Top Zone In a CryptoQuant Quicktake post, an analyst discussed the recent trend in the NVT Golden Cross for BTC and its implications for the price.

Bitcoin Hash Ribbons Form Capitulation Signal: What It Means

On-chain data shows the Bitcoin Hash Ribbons have recently gone through a crossover. Here’s what it could mean for the cryptocurrency. Bitcoin Hash Ribbons Suggest Miner Capitulation Is On As explained by CryptoQuant community manager Maartunn in a Quicktake post, miners are capitulating right now if the Hash Ribbons indicator is to be believed.

Bitcoin Deja Vu: Indicator Mirrors Pattern That Led To 2021 Top

On-chain data suggests a Bitcoin indicator is currently mirroring the same trend that led to the top of the bull run in 2021. Bitcoin Long-Term Holder Distribution Appears To Be Ending As explained by CryptoQuant community manager Maartunn in a post on X, the BTC long-term holders are currently showcasing a trend that’s reminiscent of […]

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.