Currently, the bears are attempting to sink the price below the 20-day EMA. If successful, the BTC/USD pair can drop to the next support at $9,097.
If the bears sink the price below $235.70, the 20-day EMA at $229 might act as a support.
A break below the 20-day EMA will be a negative sign and it can drag the price to the next support at $197.75.
The failure to do so attracted profit booking that dragged the price below the 20-day EMA, which is a negative sign.
If the price stays above $0.26362, the bulls will again attempt to carry the price to $0.34229.
For now, the traders can keep the stop loss on the long positions at $0.26.BCH/USDBitcoin Cash reversed direction from close to the stiff resistance at $500. The sharp correction dragged the price below the ascending channel.
This triggered further selling that dragged the price to the 50-day SMA at $243. Currently, the price has bounced off sharply from the 50-day SMA.BSV USD daily chart.
Conversely, if the price turns down from $23.5213, the bears will make another attempt to sink the price below $18.26.
Currently, the bears are attempting to sink the price below $2.7809234.
Currently the bears are attempting to sink the price below $0.0560221.
Price Analysis Feb 17: BTC, ETH, XRP, BCH, BSV, LTC, EOS, BNB, XTZ, ADA
gepubliceerd op Feb 17, 2020
by Cointele | gepubliceerd op Coinage
Coinage
Recent nieuws
Alles zien
First Mover: What's Next for Bitcoin as Wall Street Gets Vaccine Booster
Bitcoin was higher for a second day, staying in a range of between roughly $15,200 and $15,600, as news of progress in developing a coronavirus vaccine appeared to touch off a rally in U.S. stocks.
Market Wrap: Bitcoin Fails to Break $15.9K; Over 50K ETH Staked on Eth 2.0 Contract
Bitcoin gained Wednesday while Ethereum 2.0 staking has been ramping up.
Citibank Analyst Says Bitcoin Could Pass $300K by December 2021
A senior analyst at U.S.-based financial giant Citibank has penned a report drawing on similarities between the 1970s gold market and bitcoin.
Blockchain Bites: Data Unions. Hard Forks. And One Citi Analyst's Case for $300K BTC.
A Citibank managing director thinks bitcoin could hit $318,000.