latest Crypto World News

Search and discover the latest Cryptocurrency updated Stories in Categories.

24-7 Cryptocurrency News about Blockchain, Technology and much more, only from Top Leading Sources.

Bitcoin Price Analysis: Violated Parabola Could Have BTC Testing $6,700s


Bitcoin’s daily, parabolic curve was violated earlier this week and broke through several macro levels on high volume and high spread. Last week’s candle closed a pretty large reversal candle called a “doji” and presented a stalemate between bitcoin bulls and bitcoin bears. The intraday volatility is quite aggressive and we are currently positioned between two strong, weekly levels. We have yet to retest our broken support at $8,000 so, if manage to hold support on our current four-hour level, it seems logical that we will be revisiting the $8,000s. If we break the $8,000s and reclaim support then that would mark a very bullish victory.  However, if we retest it and fail to break above/hold support, we can expect the market to seek out the next destination at our weekly support level below us at $6,700.

Trading and investing in digital assets like bitcoin is highly speculative and comes with many risks. This analysis is for informational purposes and should not be considered investment advice. Statements and financial information on Bitcoin Magazine  and  BTC Inc  sites do not necessarily reflect the opinion of  BTC Inc  and should not be construed as an endorsement or recommendation to buy, sell or hold. Past performance is not necessarily indicative of future results.
The post Bitcoin Price Analysis: Violated Parabola Could Have BTC Testing $6,700s appeared first on Bitcoin Magazine .

- - - - -

Thank you for Share!

Read the full Article

Read the full Article: Bitcoin Price Analysis: Violated Parabola Could Have BTC Testing $6,700s

Search Crypto News


The latest Top News, from up to 70 Leading exponents of BlockChain, Bitcoin and different Accredited Crypto Currency Sources.

Since 2015, our Mission was to Share, up-to-date, those News and Information we believe to represent in an Ethical and sincere manner the current Crypto Currencies World: everything you are looking for, in one place!

We have always tried to give priority to the News; for this reason we have designed simple and intuitive, usable by all Devices, fast and effective.


24h Most Popular News