Bitcoin Technical Analysis – Will the BTC Bull Flag Happen?

2019-2-14 17:33

Bitcoin Daily Chart – Source: Tradingview.com

Top analysts currently have mixed price prospects for the cryptocurrency market leader Bitcoin. Price failed to overcome a former high during a surge last week leading to a bearish market structure with a lower high.

However, many are seeing the current price action forming a bull flag pattern increasing the likelihood that the next significant movement will be a bullish surge.

Bitcoin 4-Hour Chart – Source: Tradingview.com

In today’s Bitcoin technical analysis we see a bull flag pattern which is characterized by a bullish surge followed by a price consolidation or price trading within a range. Price has been trading in a downward channel since a bullish surge that took place last week.

The key levels to monitor are $3680 which has acted as resistance in the past and $3492 to the downside which has been an important point for both support and resistance on the longer term timeframes. A break below $3492 may find some buyer liquidity at $3446.

Key Takeaways From Today’s Bitcoin Price Analysis: Mixed outlooks with a lower high being recorded forming a bearish structure but a bull flag also potentially forming Key levels to monitor are $3680 for resistance and $3492 for support Other important levels below $3492 are $3446 and $3378 Latest Bitcoin News:

How to Short Bitcoin – A Guide to Shorting BTC in 2019

Veteran Wall Street Advisor Reaffirms His Notion That a Bitcoin ETF Is Inevitable

DISCLAIMER: Investing or trading in digital assets, such as those featured here, is extremely speculative and carries substantial risk. This analysis should not be considered investment advice, use it for informational purposes only. Historical performance of the assets discussed is not indicative of future performance. Statements, analysis, and information on blokt and associated or linked sites do not necessarily match the opinion of blokt. This analysis should not be interpreted as advice to buy, sell or hold and should not be taken as an endorsement or recommendation of a particular asset.

Bitcoin Technical Analysis – Will the BTC Bull Flag Happen? was originally found on Cryptocurrency News | Blockchain News | Bitcoin News | blokt.com.

Similar to Notcoin - TapSwap on Solana Airdrops In 2024

origin »

Market.space (MASP) на Currencies.ru

$ 0 (+0.00%)
Объем 24H $0
Изменеия 24h: 0.00 %, 7d: 0.00 %
Cегодня L: $0 - H: $0
Капитализация $0 Rank 99999
Доступно / Всего 0 MASP

bitcoin flag price high market cryptocurrency technical

Источник: blokt.com

bitcoin flag → Результатов: 54


Why This Unholy Trinity of State-Run Crypto Projects Could Poison Donald Trump’s Stance on Bitcoin

For a man as verbose as US President Donald Trump, the former real estate developer and reality television star has had little to say about bitcoin. However, there are a growing number of reasons to expect that when Trump finally does address the subject of cryptocurrency, it won’t be to praise the innovative nature of this technology and nascent asset class but rather to call for its imminent demise.

2019-2-9 22:45


Фото:

IOTA Releases Trinity Desktop Wallet App in Beta

IOTA announced the launch of its Trinity desktop wallet app via a Medium post this weekend. The app has launched in beta after months of development and can be downloaded via the IOTA website. IOTA have suggested that Windows Smart Screen could initially flag the wallet, so users have been advised to not focus on the […] IOTA Releases Trinity Desktop Wallet App in Beta was originally found on [blokt] - Blockchain, Bitcoin & Cryptocurrency News.

2018-8-28 15:09


Bullish Outlook For Bitcoin [BTC] Price Coming Into Next Week – Bull Flag and Uptrend in the Mix

Friday recorded a relatively strong drop as the price was rejected from levels above the 100EMA but this weekend has recovered almost all of Friday’s decline and looks set for a move higher. Since the 10% gain from this week as reported here, the price has mainly been trading in a range from about the […] Bullish Outlook For Bitcoin [BTC] Price Coming Into Next Week – Bull Flag and Uptrend in the Mix was originally found on [blokt] - Blockchain, Bitcoin & Cryptocurrency News.

2018-7-22 17:40


Notes on Blockchain Governance

In which I argue that “tightly coupled” on-chain voting is overrated, the status quo of “informal governance” as practiced by Bitcoin, Bitcoin Cash, Ethereum, Zcash and similar systems is much less bad than commonly thought, that people who think that the purpose of blockchains is to completely expunge soft mushy human intuitions and feelings in favor of completely algorithmic governance (emphasis on “completely”) are absolutely crazy, and loosely coupled voting as done by Carbonvotes and similar systems is underrated, as well as describe what framework should be used when thinking about blockchain governance in the first place.

2018-7-21 23:03


дальше еще 5 новостей →

Партнеры Currencies.ru

Реклама на Currencies.ru

Самое свежее на Currencies.ru

SOL Price Breaks $150 – Why Solana Could Soon Test $180

Solana is gaining bullish momentum above $150. SOL price is showing positive signs, and it could even surpass the $162 resistance in the near term. SOL price started a fresh increase from the $138 support against the US Dollar.