: As mentioned above, best forex indicators for swing trading Bitcoin is now facing the 4050 resistance mark. Whats The Next Target? The daily charts RSI level: Following a false breakout of the critical 56 RSI level, the indicator is trading below the mentioned 56 resistance mark. BTC/USD BitStamp 4-Hour chart BTC/USD BitStamp 1-Day chart.
The price of bitcoin, btcusd, -0.39 moved from below 7,000 to above 8,000 shortly after.m. From above, Bitcoin has to break up the descending trend-line of the mentioned bearish triangle (on the 4-hour chart). As of now, the RSI seems strong around the bullish territories. Added coloured labels to Bitcoin Cash development proposals. Overall, the market, including BTC and the Altcoins, is on a stand-by mode, looking for its next direction, which should be triggered soon. A mini Golden Cross: Yet, its not a Golden Cross; However, the daily 50 days moving average (purple line) is just about to cross over above the 100 days moving average (white line).
Another sign could be coming from the. On the 4-hour chart we can see that Bitcoin is forming a bearish triangle with apex to be reached in the next hours: Breaking down the and its likely to see Bitcoin coming down to retest prior support levels at 38A less likely break-up (at. Even though a correction should be reached sooner or later, this is healthy. Send Feedback, feedback, contact Email, support via Bitcoin Cash, i represent a business.