BTC/USD Rockets to Highest Print Since June: Sally Ho's Technical Analysis 27 July 2020 BTC

2mon
cryptodaily

Exploring Decentraland: A Review of the Virtual World Built on Ethereum

2mon
thebitcoinnews

J. A. McDonald: The Longest Running Case of Mass Hysteria

2mon
thebitcoinnews

Popular Indian Youtube Channel Hacked to Promote Bitcoin Giveaway Scam

2mon
thebitcoinnews

Tips on How to Minimize the Risks When Trading Cryptocurrencies

2mon
thebitcoinnews

Analyst Who Predicted Bitcoin’s V-Shaped Reversal Expects Rally to $17k

2mon
bitcoinist

Charles Edwards: BTC Could Shoot Up with Banks’ Help

2mon
livebitcoinnews

These 3 Metrics Suggest Bitcoin Is Building Up Bullish Momentum

2mon
bitcoinist

Are Institutional Investors Not Buying Bitcoin Anymore?

2mon
coininsider

Visa Moving to Integrate With Digital Currency Platforms

2mon
thebitcoinnews

Bakkt Hasn’t Experienced Any BTC Options Trading Since Mid-June

2mon
livebitcoinnews

XRP Is Surging But Not Everyone Is Convinced a Bull Run Is Certain

2mon
bitcoinist

Bitcoin Is Readying for “Big Move,” Says Fund Manager Who Predicts $50k BTC

2mon
bitcoinist

Market Update: Crypto Cap Nears $300 Billion, BTC Hits $10K, ETH Rallies Hard

2mon
thebitcoinnews

ETH/USD Launches to Highest Print Since July 2019: Sally Ho's Technical Analysis 26 July 2020 ETH

2mon
cryptodaily

After Surging 25% in 5 Days, Ethereum Forms Sign Last Seen Before March Dump

2mon
bitcoinist

Visa Claims It Will Support More Stable Currencies in the Future

2mon
livebitcoinnews

Analyst Who Predicted BItcoin’s 2018 Bottom Thinks $10k Is Imminent

2mon
bitcoinist

Adam Back & Satoshi Nakamoto: friends or strangers?

2mon
cryptodaily

Bitcoin Falls Back Into The $9K Zone After Its Brief $10K Breach

2mon
coingape

Bitcoin and Ethereum Surge to New Highs, Gold Almost at All-Time High

2mon
cryptoglobe

After Surging 15% in 5 Days, XRP Prints Textbook Sell Signal

2mon
thebitcoinnews

Bitcoin SV Is Stuck Below $200, May Resume Upside Range Correction

2mon
coinidol

Here’s Why Bitcoin is Poised to Hit $11,500 Following Overnight Rally

2mon
bitcoinist

Former CFTC commissioner believes the US should bring in outside stakeholders for a CBDC to bring in a new perspective

2mon
cryptodaily


Bitcoin Price and Technical Market Analysis February 14th, 2020

bitcoinnews

8mon 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