After a bounce off the support line, we are starting to see some nice green candles which may indicate a new trend forming.
After the Bitcoin price dropped to $9,800 on August 15th, it then started to maintain a steady upward trend lasting for 5 days until the 20th.
A triangle is forming on the long term chart. After the bounce down to $9,500 was rejected, we are now reaching higher lows as well as lower highs.
A beautiful ascending triangle formed on the 4-hour timeframe chart, which indicated a break in either direction
The price is starting to consolidate near the $11,800 mark.
After the symmetrical triangle formed, we saw a sharp break downwards.
The overall trend does not look too good for Bitcoin. It keeps getting rejected after $12,000 and it may start settling down towards its resistance level at $11,000.
The pullback we mentioned in Monfex`s last TA came and now Bitcoin is now reestablishing a past trend. With a strong rejection at $12,000 the price has dropped close to its support...
Bitcoin is starting to consolidate close to the $10,000 resistance area . This is the third time this week that the 10k price was tested.
Bitcoin (+7.9%) and US 10Y Treasuries (+1.3%) SURGE while US stocks (-2.0%) TUMBLE on President Trump’s abrupt escalation of a trade war.
Bitcoin is on a considerable run headed towards the next resistance mark of $13,000. The fast EMA (200) shows a bullish price crossover, and now the fast EMA (200) is below the cur...
Bitcoin is on a considerable run headed towards the next resistance mark of $13,000. The fast EMA (5) has shown a bullish price crossover with a slow EMA (20) on Aug 2. Now the...