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Over the last 5 days, Bitcoin has bounced off the 0.382 Fibonacci level as mentioned in my previous analysis. Since then price levels have risen sharply testing resistance just shy of $11,000. An influx of new volume could propel price levels to $12,000 next week. Bitcoin 1-Hour Analysis On the 1 ..
Bitcoin can be seen bouncing off the 0.382 Fibonacci level around $9,600 as price action visibly creates an ascending wedge. Many bearish indicators point towards a break-down and lower low in the coming days. Bitcoin 1-Hour Analysis On the 1 hour chart for XBT/USD, we can see an ascending wedge ..
A recent break-down out of the asymmetrical triangle mentioned in my previous BTC analysis looks poised to continue down to support levels below $11,000. Bitcoin price levels hold above $11,000 for now but the low volume could cause this support to break. Bitcoin Price 4-Hour Analysis On the 4 ho..
In the last 24 hours, we’ve seen the price of Bitcoin decreasing but it looks like the price found support slightly above the significant Fibonacci level. As the decrease looks near completion very shortly I would be expecting another increase which is the continuation of the recovery starting from..
Over the weekend we have seen the recovery continuation but another retracement below the 0.236 Fib level where the price is currently being traded. As the level was broken on the quick spike another increase above it would be expected to the next one at $11308. Last Wednesday we’ve seen the comple..
The price of Bitcoin started recovering from yesterday and managed to pull back up above 0.236 Fibonacci level which is currently being retested for support. A trend continuation or a downfall is equally likely. If the price finds support here and continues increasing from here interaction with the..
The price of Bitcoin came down to the projected level and considering that we could have seen the completion of the C wave which is the sub-wave of the higher degree Y wave, recovery will be seen and with the price starting to move to the upside again the recovery might have already started. The pr..
The price of Bitcoin has started recovering from yesterday downfall and is forming a descending channel with the price currently showing resistance found. If the price gets rejected at the present levels and goes below 0.382 Fib level we are to see further development of the descending channel befo..