Bitcoin Price
The Federal Reserve has strengthened bitcoin's appeal as an inflation hedge, opening doors for a continued price rally. RSI's bearish divergence indicates uptrend fatigue and suggests scope for a bull market correction. Data Bitcoin. Export data.
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Bitcoin Price (BTC)
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Bitcoin since marking its top at the If you looking at your MACD and wondering why yours has not crossed yet thats because not all MACDs are the same you can change the parameters on the input resulting in crosses at different times. I use this free MACD AS we can see and we talked about it we would expect breakout of Red trendline near price 58K and that would be valid breakout after retest and then bullish market like Green path , else market strong resistance is still valid and the pressure provided by Red trendline dump price to new targets and lower price as shown with red path.
Targets : A. It's time to publish our regular section "2-year Trade Marathon.
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Weekly stats 6". Who is reading this section for the first time, we advise you to read its beginning: This week we had our debut, you can congratulate us! We closed the 6th week of our trade marathon in The fall was We really didn't kick it off yet, but don't worry As Bitcoin kinda goes nowhere fast over the next week or 2, Altcoins will shoot up! SO Many projects coming out to end Q1! Remember, Historically speaking, the best months of Bitcoin are in April and May.
I don't see why this should be ANY different The basis of the upward movement of bitcoin is support from October The price touched the line at least 4 times.
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After the last touchdown in February in the Then it began to fall and formed a channel. I think that we have good chance to open new long position now.
As a target we can take next resistance Welcome back Traders, Investors, and Community! Bitcoin remains to be bullish above 50k.
Bitcoin Price Chart in Euros (BTC/EUR) | bitFlyer Europe
In the last bitcoin analysis, we identified the ABC bullish parallel correction that we're currently in. Price bounced off beautifully off and 50k region. We should remain bullish until the major channel is broken. If it breaks, we should then think about how we can sell for the short term. Goodluck and trade safe! Morning folks, So, the bounce that we've discussed from K area has happened, and now we have the next problem - up or down?
On daily chart we have bearish hints, such as wedge consolidation and MACD divergence, but price action is too slow and gradual to treat it as reversal already.