The indicators on the daily and weekly charts are. Bitcoin bulls pushed prices to fresh three month highs above 9 700 reinstating the bull view aborted by a doji candle earlier this week. While the uptrend may be intact bitcoin is still under a crucial resistance level.
Price chart showing bitcoin is still in an uptrend from popular chartist nunya bizniz pladizow on twitter. After surging to highs of 11 400 yesterday afternoon the cryptocurrency s intense uptrend began slowing with buyers struggling to push it any higher. This is around the price at which it has been trading at throughout the past day.
At the time of writing bitcoin is trading down just under 1 at its current price of 10 986. Btc could continue to rise towards 12 000 as long as it is above the 10 300 support zone. Bitcoin price is trading in a strong uptrend above 10 500 against the us dollar.
On the 4 hour chart the market retested the 11 400 high but found support above 11 000. Bitcoin has the chance of resuming a fresh uptrend if the current support above the emas hold. After surging to highs of 11 400 yesterday afternoon the cryptocurrency s intense uptrend began slowing with buyers struggling to push it any higher.
This is around the price at which it has been trading at throughout the past day. At the time of writing bitcoin is trading down just under 1 at its current price of 10 986. The price seems to be facing a couple of key hurdles near the 11 200 and 11 250 levels.
Bitcoin is trading in a contracting range above the key 10 700 support zone. Btc is likely to start a fresh surge as long as it is above the 100 hourly sma. Bitcoin is currently consolidating in a range above the 10 700 support against the us dollar.
The next major support is near the 9 300 level followed by the 100 hourly simple moving average.
Bitcoin uptrend. Bitcoin s uptrend has halted after staging a 12 percent bull run earlier this week. The cryptocurrency now expects to neutralize its overbought status with either a consolidation or a correction. Meanwhile a set of technical indicators shows a bullish scenario noting that bitcoin could continue its rally upwards towards 14 000. Bitcoin saw a notable upswing yesterday that allowed it to put some serious distance between its current price and its recent low.
The benchmark cryptocurrency is starting to show signs of breaking its bout of incredibly low volatility. However it has yet to shatter the upper boundary of its macro trading range which sits at 10 000. Uptrend intact in btc if bitcoin corrects lower the bulls are likely to protect 9 450 or 9 400. A downside break below the trend line support might call for an extended decline towards 9 360.
A downside break below the trend line support might call for an extended decline towards 9 360. Uptrend intact in btc if bitcoin corrects lower the bulls are likely to protect 9 450 or 9 400. However it has yet to shatter the upper boundary of its macro trading range which sits at 10 000.
The benchmark cryptocurrency is starting to show signs of breaking its bout of incredibly low volatility. Bitcoin saw a notable upswing yesterday that allowed it to put some serious distance between its current price and its recent low. Meanwhile a set of technical indicators shows a bullish scenario noting that bitcoin could continue its rally upwards towards 14 000.
The cryptocurrency now expects to neutralize its overbought status with either a consolidation or a correction. Bitcoin s uptrend has halted after staging a 12 percent bull run earlier this week.
