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cryptofighter94 · 4 years ago
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BITCOIN ANALYSIS Why Bitcoin Price Could Restart Rally Unless It Dives Below $56.5K Bitcoin price is correcting gains from $60,000 against the US Dollar. BTC is likely to start a fresh increase as long as there is no close below $56,500 and $55,250. Bitcoin gained bullish momentum above $58,000, but it failed to settle above $60,000. The price is now trading above the $56,500 support and the 100 simple moving average (4-hours). There is a key bullish trend line forming with support near $56,800 on the 4-hours chart of the BTC/USD pair (data feed from Kraken). The pair could start a fresh increase unless the bears gain strength below $56,500 in the near term. Bitcoin Price is Holding Key Support This past week, bitcoin price saw a steady increase above the $55,500 resistance against the US Dollar. The BTC/USD pair broke the $58,000 resistance and it settled above the 100 simple moving average (4-hours). The pair even climbed above the $59,500 level and spiked above the $60,000 resistance. However, there was no close above the $60,000 level. A high was formed near $60,030 and the price started a fresh decline. It broke the $58,500 and $58,000 support levels. The price declined below the 23.6% Fib retracement level of the upward move from the $50,465 swing low to $60,030 swing high. There was also a break below a connecting bullish trend line with support near $59,000 on the 4-hours chart of the BTC/USD pair. Let's keep pumping the market guys Guys Stay Bullish, Stay Humble, Stay Put #bitcoinpump #bitcoinbullish #bitcoincashout #bitcoincashwallet #bitcoinmining #bitcoinprice #bitcoincashmining #bitcoincashplus #bitcoincashpriceprediction #bitcointrading #bitcoincashfund #bitcoincashprice #bitcoins #bitcoinnews #bitcoinnewsdaily https://www.instagram.com/p/CNPZGPvgivW/?igshid=tnv5obszz79x
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madhu511-blog · 7 years ago
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BITCOINCASH #bch #bitcoincash Bitcoincash have have improved +3.42 from past days BCASH accepted qqhe56z4luzxpf66cpxeykvn4qje8dxukg3e3l864p BTC-33REacBZ3PFQDhT5yzJ4Lr8vGnMpiPoW1U #bitcoincashnews #bitcoincashforall #bitcoincashh #bitcoincashh #bitcoincashout #bitcoincashlife #bitcoincashier #bitcoincash #bitcoincashmachine #bitcoincashfund #freebitcoincash #bitcoincashacceptedhere #bitcoincashgrowth #bitcoincashgraph @official_bitcoincash @bitcoincashfund @bitcoincashplus #freecrypto #cryptobillionaire #cryptobillionaires
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cryptofighter94 · 4 years ago
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BITCOIN CASH ANALYSIS BCH/USD The failure of the bulls to push Bitcoin Cash (BCH) above the $560 overhead resistance attracted profit-booking by short-term traders. However, the long tail on the daily candlestick suggests the bulls are continuing to buy the dips. The flat moving averages and the RSI near the midpoint show a balance between supply and demand. This equilibrium may shift in favor of the bulls if they can drive the BCH/USD pair above $560. Such a move will suggest that the bulls have absorbed the supply. That could start the next leg of the up-move to $631.71 and then $745. Conversely, if the pair sustains below the moving averages, it will suggest the bears have overpowered the dip buyers. Such a move could result in a drop to $472.72 and then $432.02. Let's keep pumping the market guys Guys Stay Bullish, Stay Humble, Stay Put🤑🤑🤑🤑🤑🤑🤑🤑🤑🤑🤑🤑🤑🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🥂🥂🥂🥂🥂🥂🥂🥂🥂🥂🥂🥂🥂🥂🗣🗣🗣🗣🗣🗣🗣🗣🗣🗣🗣🗣🗣🗣🍾🍾🍾🍾🍾🍾🍾🍾🍾🍾🍾🍾🍾🍾🍹🍹🍹🍹🍹🍹🍹🍹🍹🍹🍹🍹🍹🍹 #bitcoincash #bitcoincashout #bitcoincashprice #bitcoincashmining #bitcoincashnews #bitcoincashwallet #bitcoincashouy #bitcoincashpriceprediction #bitcoincashplus #bitcoincashpriceprediction #bitcoincashfund https://www.instagram.com/p/CMWHc32Ba1K/?igshid=1tz1n77o32wj7
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madhu511-blog · 7 years ago
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BITCOINCASH #bch #bitcoincash Bitcoincash have have improved +3.42 from past days BCASH accepted qqhe56z4luzxpf66cpxeykvn4qje8dxukg3e3l864p BTC-33REacBZ3PFQDhT5yzJ4Lr8vGnMpiPoW1U #bitcoincashnews #bitcoincashforall #bitcoincashh #bitcoincashh #bitcoincashout #bitcoincashlife #bitcoincashier #bitcoincash #bitcoincashmachine #bitcoincashfund #freebitcoincash #bitcoincashacceptedhere #bitcoincashgrowth #bitcoincashgraph @official_bitcoincash @bitcoincashfund @bitcoincashplus #freecrypto #cryptobillionaire #cryptobillionaires
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