SEC Accused of ‘Ever-Shifting Standards’ after Latest Bitcoin ETF Rejection

8m
cryptoglobe

Crypto Markets Don't Care About Coronavirus: Vitalik Buterin

8m
utoday

Unprecedented Dow Jones (DJI) Crash Spells Trouble For Bitcoin (BTC)

13m
cryptodaily

Why Banks Aren’t Banking Your Crypto Startup

19m
cointelegraph

Binance Delists New Batch of Crypto Trading Pairs

26m
bitcoinist

Some Stocks Like NFLX, FB, AMZN Could Outlast Coronavirus

26m
cryptonewmedia

Ripple CTO David Schwartz Explains Evolution of the XRP Ledger

44m
cryptoglobe

Bitcoin Bounces Off $8.4K 4-Week Low as it Tracks Stock-to-Flow Target

44m
cointelegraph

Bitfinex, OkEx DDos’ed, are hackers on a testing spree?

1h
coingape

Dow Futures More Than 600 Points Down in Premarket amid Coronavirus

1h
cryptonewmedia

Tether Calls Market Manipulation Allegations ‘Reckless and False’

1h
cointelegraph

Litecoin Falls to $60 Low as Bulls Fail to Push Price above $80 Resistance

1h
coinidol

CME Bitcoin Futures Expiring Later Today, Traders Brace for Market Reaction

1h
beincrypto

OKEx CEO Offers Bounty for DDoS Attacker

1h
bitcoinist

CBDC Push Takes Ukraine Closer to Crypto Adoption

1h
cointelegraph

Ukraine is Pushing to Become a Leader in the Global Crypto Landscape

2h
cointelegraph

Binance Peer-to-Peer (P2P) Trading Now Available on the Web

2h
cryptoglobe

Bitcoin Cash Pushes to $300 Low, Suggesting Buyers to Emerge

2h
coinidol

Bitcoin (BTC) Wallets May Be in Danger as New Trojan Compromises Google 2FA

2h
utoday

This Top Altcoin is the Only Survivor of Today’s Red Market

2h
bitcoinist

13,000 ATMs in South Korea to Support Litecoin Withdrawal and Remittances

2h
cointelegraph

Weiss Ratings Believes Tether Stablecoin Is More Liquid Than XRP Hence A Better Option For Fintech Firms

2h
zycrypto

5 BTC Welcome Package, Daily Bonuses, and Much More, at mBitcasino!

2h
cryptoglobe

Bitcoin Fractal Indicates a Massive Price Crash to Below $3,000

2h
newsbtc

Japan’s Line Replaces Singapore Crypto Exchange With New US Platform

2h
cointelegraph


Bitcoin Price and Technical Market Analysis February 14th, 2020

bitcoinnews

14d ago

Yesterday’s trading day on Bitcoin market ended with the price exit from the range $10,300-10,500. After a passive response during 3 previous days, sellers still decided to protect border and within two 4-hour candles lowered Bitcoin price by almost 3%. However, sellers could not break the growth trend so far. Difficulties appeared after the test of $10,000. After the test of this mark, sellers are unable to fix below $10,200 for a second day.

However, a much more important fact is that buyers cannot return the price back to the range $10,300-10,500. At the moment, the situation looks like sellers are fixing below the price zone in order to continue growth. During this phase, buyers are still aggressively trying to continue the falling trend. It is clearly visible on the 4-hour timeframe immediately after the test of $10,000.

Bitcoin price is drifting between the lower trend line and the critical range $10,300-10,500. Buyers are unable to aggressively update local highs and growth is slowing. This fact adds probability of a local price reversal with the target $9050.

Marginal buyers’ positions also slowed their growth:

At the moment, they are near the previous turning point at historical highs. With a successful sellers attack, buyers will actively begin to reduce their marginal positions, which will drastically accelerate the price fall.

Sellers are also on the lookout, but the probability of a further increase of their margins is quite high:

On the other hand, if we consider the fall wave from June 2019 as a coercion, then now begins a new growth impulse. This impulse at the mark $10,500 has a length 38.2% of the previous growth impulse:

Regarding any copyrights issue, please contact us:content@hashbee.com.

0 comments