Zář 16

Bitcoin Price Analysis: Are Oversold Bounces Leading the Market Higher?

Bitcoin is making a slow and steady recovery toward $7,000. Has bearish market sentiment alleviated? Or, are the current gains simply the result of a market-wide oversold bounce?


On Thursday, BTC broke through the $6,450 resistance and proceeded to reach a weekly high just shy of $6,600. This was prior to a  brief pullback to $6,400. The weekly chart shows Bitcoin (BTC) 00 about to set a higher low. After last week’s break from this pattern, a few more weeks of higher lows will be required to determine if a trend change is in order.

4-Hour Chart

Since pulling back from the weekly high ($6,597), BTC has been continuously rejected near the 200-MA ($6,612). Up til this morning, a pattern of lower highs continued as the RSI and Stoch began to descend from overbought territory.

Since pulling back from the weekly high ($6,597), BTC has been continuously rejected near the 200-MA ($6,612). Up until this morning, a pattern of lower highs continued as the RSI and Stoch began to descend from overbought territory.

These frequent rejections at $6,530 are a result of a lack of bull volume on each attempt and if BTC were to fall below $6,414 (20-MA) and $6,358 (50-MA and most recent low) then a revisit to $6,270 could occur.

BTC needs to overcome yesterday’s high and proceed to take out the 200-MA, which is also aligned with the 38.2% Fib retracement level at $6,623.

A more convincing move would be for BTC to gain to the midway point ($6,780) of last week’s drop from $7,400 as this would place BTC above the 100-MA and the 38.2% Fib retracement level.

Daily Chart

BTC did manage to close above the 10-day MA and while the overhead moving averages are still angled downward they have begun to flatten.

BTC did manage to close above the 10-day MA and while the overhead moving averages are still angled downward they have begun to flatten. The RSI is climbing mid-channel through a neutral zone and the Stoch is lifting from near oversold territory.

Yesterday’s doji candle shows a degree of indecision. Fortunately BTC went on to post a higher low not shown on chart.

1-Hour Chart

The 1-hour chart shows BTC repeatedly pulling back from $6,570 and $6,550 and each pullback has dropped BTC price from the upper arm to the mid-channel.

The 1-hour chart shows BTC repeatedly pulling back from $6,570 and $6,550. Each pullback has dropped BTC price from the upper arm to the mid-channel. Then similarly below the 10-MA of the Bollinger band (set at 10, 1, 9).

The 20 and 50-MA should serve as short-term supports. However, the move into the lower BB arm and the sharply dropping Stoch and RSI mean BTC could pullback slightly as it continues to consolidate throughout the day.

Projections

BTC is well situated for short-term gains but remains biased toward bears given the lack of follow-through from bulls after frequent rejections and positioning of the moving averages on the daily and 4-hour chart.

BTC 00 needs to overcome the 200-MA ($6,612) and there is resistance at $6,710 where the 100-MA is situated.

[Disclaimer: The views expressed in this article are not intended as investment advice. Market data is provided by BITFINEX. The charts for analysis are provided by TradingView.]

Where do you think Bitcoin price will go this weekend? Let us know in the comments below! 


Images courtesy of Shutterstock, Tradingview.com

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Zář 12

Bitcoin Price Analysis: How Long Will $6000 Support Hold?

Bears remain fully in control of Bitcoin price, yet somehow, the $6,000 support is holding…for now.


Bitcoin Price: 4-Hour Chart

After posting a daily high at $6,460, bitcoin price fell below the wedge formation and constant rejections at the 20-MA have kept BTC 00 in the pattern of lower lows.

Eventually, a bear flag formed and BTC continues to lose the hourly uptrend after every bull break so traders should either hold their powder or place tight stops in order to avoid being trapped by fake outs.

The drop below the ascending trendline was the $6,117 support but the overall scenario remains overwhelmingly bearish.

Granted the bears do have the ball and the 4-hour chart shows higher lows being set throughout the day and a bullish divergence on the RSI does inspire a smattering of hope. However, earlier today the 50-MA dropped below the 200-MA and all of the other short-term moving averages are crossed below the long-term MAs and BTC trades close to 2018 lows.

BTC needs to move above the daily high at $6,460 (slightly above the 23.6% Fib retracement) and the 200-MA at $6,573 which is an area that will likely provide stiff resistance.

While more downside is likely, BTC does have support at $6,180, $6,122, $6,000 and $5,900.

BTC appears to be consolidating into a tighter range but still struggles to move above the 20-MA. The bullish divergence in the RSI throws mixed signals as the Bollinger bands constrict, but low buy volume and the consistent failure by BTC to move above the daily high (red line) suggest a move to the downside.

Of course, we would love to see otherwise but the recent bearish cross of the 50-MA below the 200-MA make the possibility of such an outcome less likely.

Daily Chart

Looking Ahead

BTC 00 appears to be on a path to $6,000 unless the technical setup changes or a bullish media story can shift sentiment. One can only hope that a move below $6,000 will lure buyers and produce a nice bounce or better yet, a trend reversal but at this point, this is nothing more than wishful thinking.

A bullish divergence can be seen in the 4-hour RSI but all other indicators are bearish so try and curb your enthusiasm.

BTC needs to move above the daily high at $6,460 (slightly above the 23.6% Fib retracement) and the 200-MA at $6,573 in order to garner buyers’ interest.

[Disclaimer: The views expressed in this article are not intended as investment advice. Market data is provided by BITFINEX. The charts for analysis are provided by TradingView.]

Where do you think Bitcoin price will go this weekend? Let us know in the comments below! 


Images courtesy of Shutterstock, Tradingview.com

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Zář 07

Bitcoin Price Analysis: Picking Up the Pieces

Let’s be honest, unless you’re short, yesterday was catastrophic. Bitcoin was just shy of breaking $7,500 and taking the rally up another leg then unexpectedly plunged 13% and now we’re below $7k, again…


Bitcoin Price Market Overview

Prior to the dump, Bitcoin price BTC/USD 00 was experiencing continued rejections as it approached $7,400 but who would have known the pullback would be this severe?

Ideally, after a 27%+ run, consistent rejections signal that bulls are running out of steam and a pullback to say $7,300 – $7,100 would be sensible as lower highs and rejections function as a profit taking signal for some.

On deeper reflection, there were some external signals that something was amuck. A wallet address rumored to be connected to the Silk Road mysteriously awoke after a nearly 4-and-a-half year long nap to quietly distribute 11,114 BTC to Bitfinex, 4,421 BTC to Binance and 210 BTC to BitMEX.

Reddit user Sick_Silk believes that this Silk Road connected wallet contains roughly $1 billion worth of Bitcoin, Bitcoin Cash and funds from a number of Bitcoin forks.

Add to this the occurrence of a $70 million short position being initiated last week and Tether’s recent repeat of a $100 million dollar USDT infusion to Bitfinex, and things certainly begin to look a bit funky.

So as Q-Tip would say, “What’s the scenario?”

Daily Chart

BTC was on the verge of escaping the long-term descending triangle at $7,500 and now trades below the 100-MA and 55-EMA. Fortunately, $6,300 – $6,200 have held and a dip below $6,000 seems less likely as the Stoch is already deeply oversold and a corrective rally to $6,650 could occur. Had BTC managed to climb above the descending trendline, a rally toward $8,300 might have occurred.

4-Hour Chart

BTC formed a double bottom at $6,308 and a previous support at $6,537 now serves as resistance. At the moment it appears that $6,500 is standing as a psychological resistance. We can expect resistance at the 20-MA and the 200-MA which nearly aligns with the 38.2% Fib retracement level. Furthermore, the 20-MA is en route to crossing below the 100-MA at the 50% Fib retracement level ($6,857).

Basically, barring some fantastic news like Coinbase purportedly working with BlackRock to develop a Bitcoin ETF or an unexpected spike in bull volume that triggers a $1,000 short-squeeze, we can expect BTC to encounter resistance at the overhead moving averages and previous supports (dotted lines) will likely function as resistance.

It is also likely that BTC shorts have added to their positions as BTC rejects at $6,500. In other words, the road to recovery could be rather challenging for BTC.

BTC-USD-SHORTS: Daily Chart

Looking Ahead

In the absence of market-moving news, BTC is likely to follow the pre-rally pattern of rejecting at the overhead moving averages on the 4-hour chart. Currently, the Stoch and RSI remain in oversold territory and investors should watch the weekly chart at the last higher low is $7,429.

Bitcoin has now given up 2.5 weeks worth of gains and is unlikely to close above $7,429, which makes the possibility of a bear break more likely than the inverse scenario.

[Disclaimer: The views expressed in this article are not intended as investment advice. Market data is provided by BITFINEX. The charts for analysis are provided by TradingView.]

Where do you think Bitcoin price will go this weekend? Let us know in the comments below! 


Images courtesy of Shutterstock, Tradingview.com

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Zář 04

Bitcoin Price Analysis: Bull Breakout or Bearish Reversal?

Bitcoin is working hard to overtake the $7,300 mark. However, the holding aspect that has proven problematic.


Bitcoin Price Market Overview

Bitcoin continues to reject at $7,300 even though it has staged a few inspiring pops above the $7,300 resistance. After a nearly 27% gain over the past two weeks, cooling off and consolidation isare expected. The pattern of higher lows has consistently been re-established after each pullback from $7,300. Add to this the fact that there is a range of other positive signs which show BTC is well situated at the moment.

4-Hour Chart

Add to this the fact that there is a range of other positive signs which show BTC is well situated at the moment.

The weekly MACD (not pictured here) shows a bullish cross appearing on August 26th, while the 20-MA rises above all the longer term moving averages on the 4hr chart. The 100-MA recently crossed above the 200-MA — simply following the movement of the 5 and 10-hour EMA along with the ups and downs of the Stoch and RSI have provided easy trading opportunities for day traders.

Bulls have shown some signs of exhaustion as a closer look at the rejected pops above $7,300 shows that a series of lower highs, as well as the occasional higher volume spike above $7,320, is quickly rejected. This plunges BTC to the support zone around $7,270 to $7,250.

BTC now trades outside of the ascending channel. As shown by #1 and #2 on the 4-hour chart, each rejection at or above $7,300 has seen BTC return to $7,255 and $7,234. These have proven to be fairly reliable supports, but a move below $7,255 places BTC. This lies outside of the ascending channel, and $7,234 below the second ascending trendline.

Looking Ahead

In the event of a pullback, BTC has consistently found support at $7,250 and $7,332. $7,200 – $7,190 follow close by. 

The outlook for BTC remains positive. Still, the cryptocurrency needs to quickly surpass, and maintain control over, the $7,300 resistance. This would place BTC back into the ascending channel.

Trade sensibly!

[Disclaimer: The views expressed in this article are not intended as investment advice. Market data is provided by BITFINEX. The charts for analysis are provided by TradingView.]

Where do you think Bitcoin price will go this weekend? Let us know in the comments below! 


Images courtesy of Shutterstock, Tradingview.com.

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Srp 29

Bitcoin Price Analysis: Is This Yet Another Sucker’s Rally?

Bitcoin price has been on a rather pleasant run as of late and a move above the ascending channel would make this unexpected treat a little bit sweeter as a path towards $7,500 and above could open up.


Bitcoin Price Market Overview

This current rally has everyone feeling all bullish lately and even a small group of select altcoins are feeling the love. Question is, did BTC actually reach a bottom and reverse or is this just another one of those $1,000 green candle teases that eventually leads to a sharp reversal and revisit to prices below $6,000?

Let’s have a quick look at the charts to see where BTC 00 might go.

1-Hour Chart

Bitcoin price is confidently bullish for the short-term, though a move above the ascending trendline grows more urgent in order for BTC to maintain its current pace. BTC has pulled back from its daily high at $7,127 and appears to be consolidating from $7,000 to $7,100 which was to be expected as the RSI and Stoch spent most of the day bouncing around in overbought territory.

The 5-hour exponential moving average (EMA) has crossed below the 10-EMA and a drop below $7,000 would not be surprising as a mild pullback after rapid gains is typical.

In the event of a pullback, BTC is likely to rebound back to today’s range as the cryptocurrency remains in the ascending channel with the longer term moving average below as support. Furthermore, the RSI and Stoch have room to fall and accommodate a pullback to $6,875 before reversing course.

4-Hour Chart

The recent upside move brought BTC 00 above the 200-day MA and the 20-MA is on the verge of crossing above the 200 MA while the 50 and 100-day MA have already crossed. Despite a slight pullback from today’s high ($7,127) BTC continues to consolidate within the ascending channel and while volume has tapered off BTC is well situated.

While the pattern of higher lows has fragmented, it is preserved on the daily chart and will remain so as long as the BTC stays above 6,568.

Looking Ahead

Barring a drop below the ascending trendline at $6,864, BTC could extend to the top of ascending trendline at $7,350 over the short-term.

A sharper pullback to $6,875 would not be surprising and bulls are likely to buy the dip in anticipation of a quick bounce back above $7,000.

BTC will encounter resistance at $7,128, $7,165 and $7,490. In the event of a reversal, BTC will find support at $6,877, $6,711 and $6,566. BTC has spent the day bouncing off softer supports at $7,000, $7,030 and $7,050.

[Disclaimer: The views expressed in this article are not intended as investment advice. Market data is provided by BITFINEX. The charts for analysis are provided by TradingView.]

Where do you think Bitcoin price will go? Let us know in the comments below! 


Images courtesy of Shutterstock, Tradingview.com.

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Srp 19

Bitcoin Price Analysis: Welcome to ‘Bitcoin Purgatory’

Bitcoin seemed on the verge of a breakout above $6,650 but a failed third attempt, followed by a lack of buying interest has given bears an opportunity to snatch back control and it looks like BTC has dropped a shelf for a bit of sideways trading in the $6,200 – $6,400 range.


Bitcoin Price Market Overview

Earlier this week on CNBC Fast Money, host Melissa Lee described the narrow channel between $6k and $7k as ‘Bitcoin Purgatory”. Guest speaker and head of Digital Assets group at Susquehanna International Group, Bart Smith, said “Bitcoin is in show me mode” as the cryptocurrency market currently seems resistant to trend changes driven by good news and positive developments for cryptocurrencies.

Smith believes investors are searching for verifiable proof that the market has turned bullish before setting up positions, hence the sporadic spikes and trend of declining volume for bitcoin.

It seems the entire market is contingent on the SEC’s approval or denial of exchange-traded funds (ETFs) but there are a select few who advise caution against placing all one’s hopes in the approval of such an ETF for a variety of reasons.

Meanwhile, the world, or at least Americans, were introduced to a new Bitcoin Exchange Traded Note (ETN) from Coinshares subsidiary, Tracker One. This provides US investors with a listed (regulated) vehicle to invest in bitcoin via their US brokerages without carrying the burden of needing to secure coins, register on various cryptocurrency exchanges, pay the premium that Greyscale adds or worry about exchange hacks and re-compensation.

4-Hour Chart

BTC 00 completed the inverse head and shoulders formation but a decline in volume followed by a few failed attempts to cross the daily high set at $6,644 lead to BTC eventually collapsing below the bullish trendline and the 55-EMA and 20-day moving average.

At the time of writing, the RSI has worked its way down from bullish territory and BTC appears to have dropped down a leg to last week’s trading range from $6,200 – $6,400.

A pattern of lower lows and lower highs has begun and BTC’s drop below the 55-EMA and 20-MA could resurrect the pattern of rejection at overhead moving averages that has plagued BTC since the drop from $8,500.

A positive note is BTC rides right along the 50-MA and the Stoch has already entered oversold territory, but the RSI continues to slide down below 50 and continued descent could take BTC along with it.

The 55-EMA and 20-MA have been flat since August 16 and the constricting bollinger band indicator could be indicative of further range bound trading even though BTC has dropped back to last weekend’s trading range.

The bollinger band on the 4-hr chart is really starting to tighten up but simply waiting for further constriction may not be sufficient enough proof of an upside move as the Stoch, RSI and bull volume are descending. Currently, BTC trades in the lower band below the 20 simple moving average so traders may be forced to hold tight for an oversold bounce if or when the RSI slips to the twenties.  

A glance at the weekly chart shows BTC 00 in the process of setting a lower low on the daily chart and the RSI is fairly close to dropping below the ascending trendline of this week’s earlier divergence.

Below the 50-MA at $6,313, BTC has soft support at $6,230, $6,137 and $6,000. In the event of a drop below $6,300 to $6,200, BTC has a relatively strong support at $6,100.

Looking Ahead

A drop below the inverse head and shoulders neckline could prove problematic, as would a drop below the $6,300 support but BTC has shown relatively consistent support at $6,300 and $6,100.

Multiple low volume bounces off the $6,350 support point to declining interest from buyers and BTC could drop to $6,200 and below if the RSI continues to descend as bulls weakly defend the $6,300 support.

A move above the inverted head and shoulders neckline ($6,500) followed by a pop above $6,650 (100-MA) would be encouraging.

A move to the key resistance at $6,800 would place BTC above the 38.2% Fib retracement level and back above the descending trend line.

Depending on technical indicators, $6,100 – $6,200 could be an attractive entry point for range traders.

[Disclaimer: The views expressed in this article are not intended as investment advice. Market data is provided by BITFINEX. The charts for analysis are provided by TradingView.]

Where do you think the price of Bitcoin this weekend? Let us know in the comments below!


Images courtesy of Tradingview.com, Shutterstock

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Říj 24

Technical Analysis: Explaining the Weekend Bitcoin Price Rally

Source: bitcoin

Technical Analysis: Explaining the Weekend Bitcoin Price Rally

The prevailing bitcoin price resistance was overcome by a little flag pattern this past week, which ultimately launched prices up to recover a technical objective at $820.

Also read: CoinAgenda Brings Blockchain Leaders to Vegas on October 25

Bitcoin Price Technical Analysis

Long-Term Analysis

After prices overcome the psychological trigger zone area among $620 and $650, the current phase points to a technical goal near $820.

According to Elliott Wave Theory, the current movement should reach a higher scenario through the 5th phase, from where profit taking would be considered. The old trendline, started in 2013, could be very useful at this stage because quotes still recognize its reference, reflecting that pioneer bitcoin holders could be back in the action with a big hedging marketplace.

Mid-Term Analysis

According to indicators, prices could climb to the next congestion area at the $800 level. From there, a big bout of profit taking is expected through another lateral sideways market—like the one we had seen since August—without any bear movement.

Instead, traders will capitalize on the idea of a renewed, upward march, building a level of support that should be confirmed during November. B

Bullish consensus is still getting stronger, and many technical analysts are coinciding on the bullish chance for late October, while the late 2016 period could be analyzed into a euphoric bubble beyond $820 in a third technical phase.

Short-Term Analysis

A little flag pattern has launched prices to the up side, overcoming the psychological trigger zone at $650. Now quotes are recovering to their technical objective at $820.

According to Japanese Candlestick Analysis, the prices are going up and the next technical scenario could be a continuous rise backed by fundamental data and political factors. The same-sized field recovered in August 2016, and was followed by a lateral sideways market.

The bitcoin price could be recovered now, and may follow with a similar lateral sideways market again.

What do you think will happen to the bitcoin price? Let us know in the comments below!


Cover image courtesy of MPR News.

This technical analysis is meant for informational purposes only. Bitcoinist is not responsible for any gains or losses incurred while trading bitcoin.

The post Technical Analysis: Explaining the Weekend Bitcoin Price Rally appeared first on Bitcoinist.net.

Technical Analysis: Explaining the Weekend Bitcoin Price Rally

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Srp 22

Technical Indicators Say Bitcoin Price Will Rise — but When?

Source: bitcoin

bitcoin price

The most recent balance between bid and ask prices is over, setting the bitcoin price on an upward path to $820, where another congestion area may be observed.

Also read: India Plans to Enforce Internet Censorship with 3 Years Jail Time

Technical Analysis: Bitcoin Price Still Looking Upwards

Long-Term Analysis

Aside from the market determined by the biggest traders, which can be seen through volume indicators during the previous two sideways lateral movements, natural demand supremacy allows prices to leave the $580-$600 support area.

Now, the new technical objective is the $820 level without intermediate resistances, in a bull pattern that could be a fast rally to place the quotes into a new formation that would drive the action even higher.

Mid-Term Analysis

Mathematical indicators suggest that buying activity and prices are going up across the Fibonacci fan lines that every trader is considering right now to place their profit objectives, stops and hedge orders.

Taking this data into consideration through the lens of Contrary Opinion Theory, the present stage could be a rally move to $820, from where another lateral market would consolidate the new cycle with new all time objectives over $1200.

Short-Term Analysis

Japanese Candlestick analysis shows that prices are ready to go across the theoretical trading box to the resistance at $820, perhaps in a rally mode.

The first resistance level could be calculated at $700 because of last month’s congestion, which sent prices to the current figures that mark the start of a new bull cycle. However, signals at oscillators are strong enough to dismiss every intermediate level and the entire trading box, which could be considered over as well.


Staff Opinion: Although the recent Bitfinex hack has shaken up markets, leaving the bitcoin price down longer than we expected, we strongly suspect that the price is preparing for another upward launch, indicated by the technical analysis provided in this article. When this rally will take place, though, will be determined through a balance of stabilized fundamentals and optimistic technical signs. 

– Evan Faggart, Senior Editor


What do you think will happen to the bitcoin price? Let us know in the comments below!


Cover image courtesy of Bitcoinist.net.

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Technical Indicators Say Bitcoin Price Will Rise — but When?

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Srp 15

Technical Analysis: Weekend Bitcoin Price Slump Not Stopping Bulls

Source: bitcoin

Bitcoin Price Technical Analysis

Don’t be alarmed by the current slump in the bitcoin price. In fact, there is still cause for optimism. The market is going through a reversal pattern to the $700 level, where a congestion area should reinforce quotes for another climb to $820, keeping us right on track to hit the projections advanced last week.

Also read: Chinese Court Awards Damages Against OKCoin, Says It Operates Illegally

Bitcoin Price Analysis: Bulls Still in Control

Long-Term Analysis

After testing the lowest support at the $580-$600 level, prices should enter an upward reversal pattern soon, which will allow an initial pull back to $700, extended to Fibonacci´s technical objective at $820.

The next stage could be an upward rally into the new technical cycle, which may be delayed until big players accomplish their marketplace. An ascending support ensures the breakout into a new bull cycle.

Mid-Term Analysis

Now, while quotes are testing the support level, a new bullish consensus is providing the concurrent elements that should start a consolidated new cycle to $700, and further to $820.

Mathematical indicators are showing buy signals, and current volume is providing the market with a chance to start a new bull trend from here to $1800, with several zig zag situations and profit taking areas.

Short-Term Analysis

Japanese candlestick analysis indicates that the market can sustain itself long enough to allow the quotes to rise into the intermediate congestion area at $700 on the way to $820, perhaps in a rally mode.

The first resistance level could be calculated at $700 because of the last month congestion which had sent prices to the current figures from where the new bull cycle is starting.

What do you think will happen to the bitcoin price? Should we be worried about the weekend slump? Are the bulls still in control?  Let us know in the comments below!


Cover image courtesy of Bitcoinist.net.

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Technical Analysis: Weekend Bitcoin Price Slump Not Stopping Bulls

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Srp 01

Technical Analysis: Weekend Bitcoin Price Drop Explained

Source: bitcoin

Technical Analysis: Weekend Bitcoin Price Drop Explained

Bitcoin is falling down to end its current cycle, which will happen when prices drop to the technical reversal level.

Also read: Industry Report: No Bitcoin Crime Goes Unpunished 

Where Did the Weekend’s Bitcoin Price Drop Come From?

Long-Term Analysis

Prices have started the dive to $600 and $580 after a large lateral sideways lateral movement that ended the first technical cycle. To start a new cycle, quotes must reach former broken resistances, which become supports. Once this occurs, strong purchases are expected, framed in the marketplace of biggest players.

Looking back in the chart, another two flags can be analyzed, which have broken to the bear side. This time, the Contrary Opinion Theory could be considered to allow a pull back to $700, extended to Fibonacci´s technical objective at $820

Mid -Term Analysis

According to oversold mathematical indicators, a plunge to the support at $600 has started, where a new bullish consensus is expected to provide the concurrent elements to ensure a change in trend.

Main support is really at $580, but round numbers theory indicates that most people should react psychologically at 600, starting a rebound to $700 and a new bull cycle to $820, where the box resistance is waiting on the quotes.

Short-Term Analysis

Japanese Candlestick analysis reflects the market’s current weakness, and the quotes are going down to the support.

The oscillators have arrived to the oversold zone far before the coming price plunge, and they could be recovering strength, crossing each other to reinforce the rebound strength from $580 to $600. Afterwards, a recovery will take the bitcoin price to the $700, followed by a continued rise to $820.

At press time, the bitcoin price is hovering in the $620 range and is falling fast, indicating  that the suggestions put forth by technical indicators used in this analysis are accurate so far. Thus, we can expect the price to continue dropping in the immediate term until the markets hit the support needed to prepare the price for a rebound.

What do you think will happen to the bitcoin price? Let us know in the comments below!


Featured image courtesy of Benzinga.

The post Technical Analysis: Weekend Bitcoin Price Drop Explained appeared first on Bitcoinist.net.

Technical Analysis: Weekend Bitcoin Price Drop Explained

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