Bitcoin Price Watch: BTC/USD Facing Crucial Resistances

2018-9-19 11:48

Key Points Bitcoin price started an upside move after trading as low as $6,202 against the US Dollar. There was a break above a key bearish trend line with resistance at $6,340 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could continue to move higher, but it is facing many hurdles near $6,390 and $6,400.

Bitcoin price recovered nicely from the $6,200 support against the US Dollar. BTC/USD is now above $6,300, but it could struggle near the $6,370, $6,390 and $6,400 levels.

Bitcoin Price Analysis

After trading as low as $6,202, bitcoin price found strong bids against the US Dollar. The BTC/USD pair started an upside move and climbed above a few key resistances like $6,280 and $6,300. The price cleared the 23.6% Fib retracement level of the last slide from the $6,530 swing high to $6,202 low. It opened the doors for more gains and the price spiked towards the $6,390 and $6,400 resistances.

There was a test of the 50% Fib retracement level of the last slide from the $6,530 swing high to $6,202 low. BTC buyers failed to clear the $6,390 and $6,400 resistances. However, there was a break above a key bearish trend line with resistance at $6,340 on the hourly chart of the BTC/USD pair. If the recent upside break is true, there could be more gains towards the $6,400 and $6,410 levels. The 100 hourly simple moving average is positioned near the $6,410 level to act as a resistance. Therefore, a proper close above the $6,400 resistance and the 100 hourly SMA is needed for more upsides.

Looking at the chart, bitcoin is slowly losing momentum below $6,400. If there is a downside correction, the $6,300 support could act as a buy zone in the near term.

Looking at the technical indicators:

Hourly MACD – The MACD for BTC/USD is mostly neutral in the bullish zone.

Hourly RSI (Relative Strength Index) – The RSI is presently well above the 50 level.

Major Support Level – $6,300

Major Resistance Level – $6,410

The post Bitcoin Price Watch: BTC/USD Facing Crucial Resistances appeared first on NewsBTC.

Similar to Notcoin - TapSwap on Solana Airdrops In 2024

origin »

Bitcoin (BTC) на Currencies.ru

$ 68348.96 (+0.04%)
Объем 24H $32.384b
Изменеия 24h: -1.47 %, 7d: -2.57 %
Cегодня L: $68289.6 - H: $68491.39
Капитализация $1346.959b Rank 1
Цена в час новости $ 6407.11 (966.77%)

bitcoin facing usd price btc pair move

Источник: newsbtc.com

bitcoin facing → Результатов: 66


ABTC, the Anti-Money Laundering Coin Announces Listing on HitBTC Exchange

AML bitcoin (ABTC) continues its giant strides in the cryptospace by being listed on one of the biggest and largest digital currency exchanges in the world, HitBTC Future Cryptocurrency ABTC tends to solve one of the biggest and most significant problems facing the cryptospace; the coin is synonymous with its anti-money laundering technology feature built […] The post ABTC, the Anti-Money Laundering Coin Announces Listing on HitBTC Exchange appeared first on ZyCrypto.

2018-9-17 23:15


Фото:

Africa and its Antiquated Banking: Cryptocurrencies The Solution?

Africa has steadily accelerated the switch to modern technologies. But can a continent facing a crisis with antiquated banking technologies, low rate of financial inclusion, poor confidence in the banking system, and high remittance costs become the new battleground for blockchain or cryptocurrency-centred settlements? Also read: Square’s Big Week: Crypto Patent, Shares Leap, and Lightning […] The post Africa and its Antiquated Banking: Cryptocurrencies The Solution? appeared first on Bitcoin News.

2018-9-5 05:55


Фото:

Africa and its Antiquated Banking: Bitcoin The Solution?

Africa has steadily accelerated the switch to modern technologies. But can a continent facing a crisis with antiquated banking technologies, low rate of financial inclusion, poor confidence in the banking system, and high remittance costs become the new battleground for blockchain and cryptocurrency? Also read: Square’s Big Week: Crypto Patent, Shares Leap, and Lightning Plug […] The post Africa and its Antiquated Banking: Bitcoin The Solution? appeared first on Bitcoin News.

2018-9-6 05:55


Фото:

The Fast And Furious Future Of Exchanging Cryptocurrency

The most substantial issues facing the cryptocurrency world are liquidity, scalability and cashing out. Exchanging crypto to fiat remains costly, delayed, insecure and limited. The rise of Bitcoin is what popularized cryptocurrency and what brought us to where we are today, but there are many issues within the Bitcoin legacy system, and the entire financial legacy system for that matter, that limit the extreme potential of cryptocurrencies and other altcoins.

2018-8-30 12:00


Фото:

Altcoin ‘Extinction’ Event Could Happen Now, Says Xapo President

Xapo president Ted Rogers suggested cryptocurrency markets could be facing a “mass extinction event” as Bitcoin’s fresh downturn drags altcoins ever lower. ‘Incredible Opportunity’ To Buy Bitcoin In Twitter comments August 13, Rogers said current conditions may prove timely for a wipeout involving “90 percent” of cryptocurrency assets listed on Coinmarketcap.

2018-8-15 20:00


Фото:

Bitcoin Trader Pleads Guilty to Securities Fraud, Faces 20 Years in Prison

Joe E. Montroll of Saginaw Texas is facing up to 20 years in prison after admitting to lying to investigators about his role in the theft of Bitcoins deposited by customers of his platform. 2018 has seen a raft of arrests and convictions in the cryptocurrency space as law enforcement, and financial regulators work hard […] The post Bitcoin Trader Pleads Guilty to Securities Fraud, Faces 20 Years in Prison appeared first on Ethereum World News.

2018-7-24 16:27


Argentina Central Bank Looks For Crypto & Blockchain Education Via Books

Argentina’s Central Bank’s Interesting In “Mastering Bitcoin” Growing As Peso Is Depreciated By Rising Inflation Argentina is currently facing a big economic crisis as the country’s national fiat currency, the Peso, has hit a record low price against the USD and the inflation in the country is rising a lot recently. Not only people, but […]

2018-7-21 23:52


Фото:

Promoted: The Future of Online Shopping Is Powered by Spl.yt — A Decentralized E-Commerce Protocol

As a rapidly growing business sector, e-commerce continues to open up new avenues for exploring, comparing and purchasing products worldwide. Spl. yt, a smart contract protocol, aims improve the e-commerce system for buyers and sellers by automating functions currently performed by “middlemen” marketplaces like Amazon, eBay and Alibaba.

2018-7-16 19:45


дальше еще 17 новостей →

Партнеры Currencies.ru

Реклама на Currencies.ru

Самое свежее на Currencies.ru

Bollinger Bands Inventor Foresees Bitcoin Pullback: Key Levels To Watch

Renowned financial analyst John Bollinger has recently issued a caution regarding the potential for a Bitcoin pullback. After BTC price surged from below $66,000 to almost $72,000 at the beginning of the week, Bollinger, the creator of the widely utilized Bollinger Bands indicator, pointed to specific features in the Bitcoin price chart that suggest a consolidation or pullback could be imminent, though he clarified that his perspective was not bearish on a longer term.

Perennial Bitcoin Accumulators Bought Big Ahead Of Rally, Data Shows

On-chain data shows that Bitcoin addresses with zero sales histories participated in a big accumulation before this recovery run started. Bitcoin Inflows To Accumulation Addresses Sharply Spiked Recently As explained by an analyst in a CryptoQuant Quicktake post, the accumulation addresses on the Bitcoin network have shown some significant inflow activity recently.

Bitcoin “Profit-Taking Has Completed,” Top Analyst Reveals

An analyst has explained how profit-taking looks to have finished for Bitcoin in what has been a “very healthy reset” for the market. Bitcoin SOPR Suggests Profit-Taking From Investors Has Cooled Off In a new post on X, analyst Willy Woo has discussed about the latest trend occurring in the Bitcoin Spent Output Profit Ratio (SOPR).

4 Key Reasons Why The Bitcoin Bull Run Is Far From Over

In an analysis shared via X, renowned crypto analyst Ted (@tedtalksmacro) has provided compelling evidence to support his assertion that the current Bitcoin bull run is far from over. Ted’s insights are based on four critical indicators related to traditional finance and crypto liquidity, each pointing to sustained growth in the near future.

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 […]