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BTC Pressured Below $24,000; Is $26,000 conceivable?The present Bitcoin value examination is showing financial backers' combination mode. As the cost expands the earlier day's sideways development in a scope of $23,400 and $24,000. The greatest digital money by market cap has been exchanging with an unbiased to a somewhat bullish predisposition. BTC cost exchanges higher with unassuming additions on Saturday. The development of two-sequential candles recommends hesitation among brokers. A solid obstruction playing around $24,200 and $24,400 zone. As of composing, BTC/USD is perusing at $23,899.05, up 0.47% for the afternoon. The cost has been uniting beneath the $24,000 mark however the drawback is very much covered close $23,700. Assuming that the value figures out how to hold over the meeting's high of $23,978 more potential gain should be visible in the coin. On the day to day diagram, the BTC cost examination shows that the cost has been exchanging a rising wedge development. A rising wedge is a negative continuation specialized design. Nonetheless, the cost is agreeable and sits over the basic 20-day and 50-day EMA's showing a bullish fundamental opinion. An everyday close over the referenced level would make ready for the mental $26,000 level, This likewise concurs with the upper trendline of the wedge development. The MACD oscillator shows that the bullish energy is supporting over the midline. The RSI (14) is right now exchanging close to the 59 level, which shows that the market is in bullish mode and is a long way from overheating. Any increase in the markers would reinforce a bullish breakout out of the ongoing union. The 24-hour exchanging volume of BTC dropped over 18% to $32,530,459,847. Then again, a break underneath the meeting's low would tempt bears to go into exchange. All things considered, the cost could meet the 50-day EMA at $23,191 followed by the low of July 24 at $22,263.
BITFINEX:BTCUSDLong
by DEinvestment
BITCOIN after the break out of the resistance levels 🚀 Based on the chart, the price has broken the black trend line and the resistance area ($42500 t0 $44500) to the upside and became close to the major resistance ($44500 t0 $45500) and now we expect that the price soon will break the major resistance to the upside 🚀 and our first target is $46000 to $47000 🚀 if the price breaks the major resistance to the upside and stays above this zone (45000 to 47000) we will see more gain at least to $50000 area 🚀🚀 Before more gain, we can see brief correction ❌🧨 fundamental point other sign for more gain could be the more buy position by the whales 🐳 and wallet that contains more than 100 bitcoin exactly like 2018 ✔️🐳 Please, feel free to ask your question, write it in the comments below, and I will answer.🐋
BITSTAMP:BTCUSDLong
by MadWhale
4
BITCOIN after the break out 🚀As I mentioned in my previous analysis based on technical and fundamental sign the price has started to gain and hit the first target (the red trend line) 🐋💣🐳 and now we wait for the breakout of the red trend line to the upside and more gain 🚀 if the price stays above the red trend line ($42500 to $43500area) ✔️ and breaks the resistance area($43500 to $46500) to the upside we will see more gain at least to $52000 area 🚀 before more gain, we can see brief correction ❌🧨 fundamental point other sign for more gain could be the more buy position by the wallet that contains more than 10 bitcoin exactly like 2018 ✔️🐳
BITSTAMP:BTCUSDLong
by MadWhale
15
DOGE support zone 🚀Based on the chart, the price is close to round number (0.10) and two support area and one weekly trend line ✔️ we can see more gain from here or after brief correction from the round number 🚀 if the price breaks the weekly trend line to the upside, we can see more gain 🚀🚀 if the price breaks the round number, we will see more correction to the downside ❌🧨 Please, feel free to ask your question, write it in the comments below, and I will answer.🐋
Long
by MadWhale
6