Even though Bitcoin on the 4-hour chart is still in a significant Bullish condition which is confirmed by the Alligator which is moving upwards and the Awesome Oscillator which is above the positive area and the bar is green and the price movement is in the Bullish channel which is.
It is clear from the four-hour TF that bitcoin has achieved its previous peak close to the $18,500 mark. There is sufficient evidence for a decrease to take place at present. Before, the rate climbed up to a specific level before declining abruptly. The timing is good for a downward.
The rise above $18,000 is the first sign of Bitcoin’s strength since November. It is breaking above a key short-term resistance trend line from $32,300, coming from $18,000. Bitcoin has been trading in a trading range since November and at the same time breaking above a key short-term resistance.
The price of Bitcoin rallied in the last hours and now is trading at 17,350 at the time of writing. You knew from my previous analysis that the cryptocurrency maintains a bullish bias and it could approach and reach new highs. The cryptocurrency increased by 1.35% from yesterday’s low of.
Black line- resistance trend line Red lines- trading range Bitcoin is trading around $17,200-$17,400. Yesterday price touched the downward sloping resistance trend and got rejected. Price closed lower. This is an important resistance area. A break above $17,400 would be a sign of strength. Bitcoin continues to trade sideways since.
Bitcoin started Monday morning with a spectacular rise and broke through the $17,000 mark for the first time since mid-December 2022. The asset has gained 1.6% in the last 24 hours, with BTC at $17,246 at the time of writing. According to CoinMarketCap, one of the world’s most-referenced price-tracking websites.
Ripple is trading in the green at 0.3539 at the time of writing. The altcoin is fighting hard to resume its growth as BTC/USD and ETH/USD rallied. I’ve talked about an upside reversal in a previous analysis, but we still need confirmation. XRP/USD increased by 5.32% from yesterday’s low of.
Black line- resistance Purple lines- Fibonacci retracements Red lines- trading range Bitcoin is trading inside the short-term trading range it is in since early November. Price is around $17,260 with a short-term upward momentum. Price is now challenging the medium-term resistance trend line coming from $32,370. The 38% retracement and.
Bitcoin breaks its weeks-long silence and bullishly bursts into its first working week after the holidays. The cryptocurrency reached the $17.1k level, and continues its upward movement to the $17.4k level. It is important to note that the increase in trading activity occurred on Sunday. Bitcoin managed to consolidate above.
BTC/USD is trading in the red at 16,736 at the time of writing. It has turned to the downside signaling that the swing higher ended and that the sellers could take the lead. Bitcoin dropped by 1.60% from Wednesday’s high of 16,984 to 16,712 today’s low. Still, in the last.
Bitcoin is losing ground for the second day, but the volatility remains very low—nothing new is happening. Such consolidation can technically become a harbinger of a surge in volatility, but for now it can be used by market participants to accumulate. At least that’s what some crypto analysts think. Bitcoin.
Crypto Industry News: One of the world’s largest investment funds managing assets worth USD 4.5 trillion is interested in cryptocurrencies, although (or maybe because of) Bitcoin in 2022 recorded its worst annual result since 2018. To make matters worse, the collapse of cryptocurrency broker FTX, although it hit BTC directly,.