Рубрика: Analytics News 5

Bitcoin ca h (BCH) aw price lift from $215 to a high of $277 per coin. ince then, price retraced a hair outhbound lo ing ome value, but crypto price are much higher than they were during l

In previou analy i we had ugge ted that the current fall wa looking like a bear trap . Now that a turnaround ha occurred we mu t take a clo er look in order to ee if it i a good time to tar

The long-term beari h cro wa preceded by a harp drop from the 2019 high of $13,880 (June 26) to the low of $7,293 (Oct. 23).
A long-term bitcoin price indicator ha turned beari h, courte y o

Bakkt announced Thur day that it would “launch the fir t regulated option contract for bitcoin future ”, adding a new product to it current late of phy ically- ettled bitcoin future contract .

The range breakdown indicate the ell-off from high above $10,000 een on ept. 23 ha re umed and price could te t upport at $7,200 – the 100-period moving average on the three-day chart. Th

Further, the cryptocurrency failed to draw bid above $8,300 over the la t two day de pite the bulli h etup on intraday chart and retreated back to $7,920 during the A ian trading hour today.

The cryptocurrency’ 50-hour moving average (MA) ha cro ed above the 200-hour MA, confirming what i popularly known a “ golden cro ” – a bulli h indicator.
A widely tracked hort-term bitcoi

The late t bounce from that level i the fifth ince ept. 26 and indicate eller exhau tion . The immediate beari h ca e, therefore, tand neutralized. Other key indicator like the relative

Bitcoin may be clo e to bottoming out, a a popular contrary indicator i tea ing a beari h turn for the fir t time ince March 2018.
Potentially producing a o-called death cro , the 50-day movi

Price have recovered more than 2 percent from Wedne day’ low near $7,920, but remain well below the 200-day MA, currently at $8,778. Therefore, the path of lea t re i tance remain to the down

imilarly, digital a et manager Gray cale Inve tment reported that it product received a total inve tment of $254 million in Q3 2019. That wa a harp increa e over Q2 2019 when the inve tment am

ince then, the cryptocurrency ha tabilized around $8,100. ome ob erver are of the opinion that BTC ha carved out a temporary bottom near $7,750 and the drop from level above $8,300 could b