Bitcoin Price Drop Puts a Dent in Short-Term Bullish Outlook

View Bitcoin’s drop to six-day lows below $3,700 has taken the shine off the bullish “long-tailed doji” created on Feb. 27. A bearish reversal would be confirmed if prices see a UTC close below $3,658 (low of long-tailed doji) and could yield a sell-off to recent lows near $3,300. A bearish move below $3,658, however, may not happen or could be short-lived, as a number of technical indicators on the weekly chart are flashing early signs of bullish reversal. On the higher side, a break above $3,897 – high of…

Bitcoin Price Jumps to a Two-Month High | BITSENT.ORG

Bitcoin's Price

  Bitcoin’s price climbed back above $4,000 on Saturday for the first time in over two months as the broader cryptocurrency market flashed green. At 18:00 UTC on Saturday, the world’s largest cryptocurrency by market capitalization surpassed the $4,000 mark to ultimately reach $4,146 – its highest price since Dec. 24 of last year, according to pricing data from CoinDesk.  Bitcoin’s price has since pulled back slightly, now trading at $4,104, but current figures still represent a considerable 20 percent increase since the beginning of the month. Bitcoin is usually accompanied by the broader cryptocurrency…

The Metric That Helps Call Bitcoin Bubbles and Bottoms

  Calling precise market tops and bottoms is next to impossible in the volatile cryptocurrency markets. That said, some traders believe identifying speculative bubbles and moments of bearish exhaustion can be made possible through the use of a fairly new metric known as the Mayer Multiple. Created by noted investor and podcast host Trace Mayer, the Mayer Multiple is defined as “the multiple of the current bitcoin price over the 200-day moving average.” Mayer Multiple Formula: Bitcoin market price / 200 day MA value = Mayer Multiple In technical analysis, it’s…

This Price Chart Indicates Bitcoin’s Bulls Are Back in Business

  Bitcoin (BTC) is looking increasingly bullish on a key technical chart following its strong move above $4,000. The leading cryptocurrency by market value first teased bullish reversal on Dec. 17 with the creation of an “outside reversal” candle on the widely followed 3-day chart. The early indicator of a bearish-to-bullish trend change, however, needed confirmation in the form of a positive follow-through. Alongside BTC’s $600 rally, the cryptocurrency closed above $4,000 yesterday confirming the bullish reversal on the 3-day chart. BTC, therefore, could rise to next major resistance of…

Bitcoin Price Defies Oversold Conditions to Hit 15-Month Low

Bitcoin price follow

  Bitcoin (BTC) tumbled to 15-month lows earlier today, dashing hopes of a rally signaled by current extreme oversold conditions. The world’s largest cryptocurrency by market capitalization fell to $3,200 on Bitstamp at 00:15 UTC – the lowest level since September 2017. BTC was trapped in a five-day-long narrowing price range 24 hours ago and showed signs that it might break upwards with a strong move toward the crucial resistance at $3,633. These bullish expectations were based largely on a premise that the sellers are facing exhaustion, as indicated by…

Bitcoin Price Charts Indicate Glimmer of Hope

Bitcoin Price Charts today

Bitcoin Price Charts Bitcoin’s (BTC) struggle to build a notable bounce could end if prices beat key resistance above $3,600. The leading cryptocurrency by market value fell to 15-month lows near $3,200 last week, pushing the 14-week relative strength index (RSI) below 30.00 for the first time since 2015. So, with bitcoin so extremely oversold, a recovery rally cannot be ruled out – more so because there is evidence of bargain hunters challenging the bears’ resolve to push prices lower. For instance, BTC posted a three-day candle on Dec. 8…

What is Bitcoin Gold? Everything You Need to Know About the Hard Fork

Bitcoin Gold

This article by Bennet Garner  was originally published at CoinCentral.com  What is Bitcoin Gold? Only a few months after the Bitcoin Cash hard fork, the Bitcoin blockchain experienced another community-driven hard fork known as Bitcoin Gold (BTG). Bitcoin Gold (BTG) 18,10 USD (−2,73%) RANK 20 MARKET CAP $314,48 M VOLUME (24H) $5,55 M Powered by CoinMarketCap   Bitcoin Gold hopes to change the paradigm around mining on the Bitcoin blockchain. According to the founders, the Bitcoin blockchain has become too centralized. Large companies with huge banks of mining computers now mine the vast majority of Bitcoin.…

Bitcoin Price May Have Hit Bottom For Now | BITSENT.ORG

Bitcoin Price Bitcoin (BTC) could be in for a stronger recovery rally in the next few days, having found a temporary bottom near $4,000. The leading cryptocurrency, which hit a 14-month low of $4,048 on Bitstamp yesterday, is now trading at $4,580, representing a 2 percent gain on a 24-hour basis. The $500 recovery seen yesterday indicates that the market is finally paying heed to the record oversold levels reported by the 14-day relative strength index (RSI). Currently, the indicator is still hovering in oversold territory below 30.00. As a…

Bitcoin Price Eyes $6.2K Amid Further Drop into Bear Territory

  Bitcoin’s (BTC) reversal of the recent uptrend in prices is gathering pace and a drop into a bearish territory below $6,200 is now a possibility, technical charts indicate. The leading cryptocurrency found acceptance below the lower edge of the rising channel yesterday, invalidating the bullish price action witnessed earlier this week. Essentially, the rally from the Oct. 31 low of $6,201 has ended at a high of $6,540 reached on Nov. 7. At press time, BTC is trading at $6,350 on Coinbase, having clocked a five-day low of $6,335…

Earn Bitcoins Just by Watching Videos Legit App | BiTSENT.ORG

earn bitcoins

Do you want to aren’t Bitcoin just by watching videos? If yes so this video is only for you, today I’m going to do a review on a very legit app that actually pays.  I’m opening the app so guys are opening the app you’ll see our interface like this- in the first box you have to put your Bitcoin address and in the second box you have to put code – instant bonus then press I’ll confirm, I’m pressing and come from so after that’s the app start loading…