Bitcoin Price Analysis: BTC/USD Trends of November 26–December 02, 2018

2018-11-26 11:21

CoinSpeaker
Bitcoin Price Analysis: BTC/USD Trends of November 26–December 02, 2018

Key Highlights: Bears hold tight to the Bitcoin market; the BTC price may decrease further; there is a probability of the pullback. BTC/USD Long-term Trend: Bearish

Distribution Territories: $4,217, $5,457, $6,035
Accumulation Territories: $3,450, $2,937, $1,803Bitcoin continues its bearish movement on the long-term outlook. Barely over two weeks ago BTC price was ranging before $6,035 was breached southward and the coin started dropping to a low of $4,217 accumulation territory last week. The bears broke downside the accumulation territory of $4,217 and the BTC price are currently facing the accumulation territory of $3,450.

Currently, the coin is pulling back to retest the broken territory. A bearish movement may continue as 50-day EMA is over 21-day EMA which are well separated while the Bitcoin price is below the two EMAs. The Stochastic Oscillator period 14 have dipped into the oversold region with the signal lines seems to be pointing to the north which indicates that the bullish movement may be experienced as a pullback.

The BTC price of $3,450 is a crucial accumulation territory which may return the bulls into the market. However, if broken downside it will lead to a new low of $2,937.

BTCUSD Medium-term Trend: Bearish

BTC/USD is bearish on 4-Hour chart. BTC price broke out of consolidation territory of $5,457 and rallied down the accumulation territory of $4,217 at which it commenced another consolidation. On November 24 it broke downside the accumulation territory of $4,127 and had its low at $3,450 price level where it is currently experiencing pull back.
The BTC price is below the 21-day EMA and 50-day EMA.

The Stochastic Oscillator period 14 is above 50 levels with the signal lines point to the north implies buy signal in which if the bullish pressure continues and a breakout upside above the distribution territory of $4,217 is experienced, this could see Bitcoin get past various distribution territories, up to the $5,457 territory, otherwise, the bearish movement continues.

Bitcoin Price Analysis: BTC/USD Trends of November 26–December 02, 2018

Similar to Notcoin - TapSwap on Solana Airdrops In 2024

origin »

Bitcoin (BTC) на Currencies.ru

$ 66548.74 (-0.35%)
Объем 24H $17.053b
Изменеия 24h: -0.39 %, 7d: 8.48 %
Cегодня L: $66548.74 - H: $67668.16
Капитализация $1311.04b Rank 1
Цена в час новости $ 3968.03 (1577.12%)

bitcoin price december 2018 btc analysis usd

Источник: coinspeaker.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 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.