The results of the week: when Bitcoin will rise above $ 4,000?
Source:
This week failed to gain a foothold above the resistance zone of $ 4,000. Now the cryptocurrency is in a consolidation phase just below this line. In this situation, just one sudden jump to the bulls broke up to 4200 dollars.
The Overall situation looks like this:
the-
the
- after a sharp drop last week, Bitcoin has tested the local support around $ 3620; the
- on a scale of 4-hour chart formed a local channel up; the
- to continue the growth of the asset needs to remain above $ 3760.
Today, Bitcoin is trading at $ 3865. For the past day main cryptocurrency has not changed in value.
theTechnical analysis
Recall that at the end of last week the market suddenly soared after breaking the Bitcoin resistance in the area of $ 4,000. However, within a day, the cryptocurrency fell again to the area of 3700 dollars. On a scale of 4-hour chart, even this sharp drop, fortunately, does not look too critical. Asset could remain above $ 3,720 moving average and 100 SMA.
The Last local minimum Bitcoin formed on the line 3628 dollars. After rising above 3760 dollars coins struck level 0.236 Fibonacci, built on a wave draining from 4191 to $ 3628. In fact, while the initiative remains with the bulls, as the cryptocurrency again above the 100 SMA on a scale of 4-hour chart.
Source: Included
In the near future trading BTC/USD can slowly grow up to the upper line of the channel, where the 0.5 Fibonacci level. While buyers will be quite difficult to overcome this area in one leap. In order not to fall into the trap of bears, we recommend long trades Bitcoin to break through $ 4,000.
The Readings of technical indicators talking about weak growth. The MACD is in the bullish zone, but the RSI is already quite a long time hanging on the middle level.
Recommended
the long-awaited summer. Niche cryptocurrency supported the event and gave unusually hot week. During the last seven days, we learned about the new line of graphics cards from AMD, the mining in TON and hard forks . In addition dealt with the profita...
Rally Bitcoin — deception. Well-known economist advises to invest in gold
Director of Euro Pacific Asset Peter Schiff does not see anything supernatural in growth . Recall that the main cryptocurrency has already risen by 179 percent since the beginning of 2019 and is now trading at the level of $ 8540. According to Schiff...
May 2Miners: run pools Aeternity, the debut 2CryptoCalc and software upgrades
the Last month of spring proved to work. The team started working on launching (AE), the addition of which the majority voted representatives of the community. Calculator profitability of mining Alexei Rubin moved to the domain and now will develop e...
Related News
Co-owner Bitcoin.org Coinbase Pro ridiculed and called a stock exchange Scam
co-Owner Bitcoin.org and most popular forum about cryptocurrency Bitcointalk.org Cobra called Coinbase Scam Pro trading platform American crypto currency exchange Coinbase. In his tweet he wrote «if you read Coinbase Pro back...
The Ethereum is a cryptocurrency Scam. A new report Chainalysis
When people learned how to create a new cryptocurrency and began to build their infrastructure like marketplaces, in the field began to appear and fraud. According to blockchain auditor Chainalysis for the past two years, fraud in...
VEB and the Grozny mayor's office transferred the housing sector on the blockchain
In February, the first Deputy Chairman of VTB Olga Dergunova positively the prospects of the blockchain. According to her, the technology will improve the speed of transactions and security standards. To move from words to action ...
Hacker 1337. How to hack Etherscan not to cause any harm
Monday on the website Etherscan.io appeared a pop-up message with the numbers 1337. The visitors began to panic and spread rumors about hacking Explorer. really hacked, but the damage from a hacker attack was zero. About it writes...
Beyond the laws: as a couple of cryptoendoliths built a house in international waters for Bitcoin
an Early investor and self-proclaimed libertarian has built the first houseboat exclusively on revenue from the cryptocurrency. His new place located in international waters, and residents are not formally subject to the laws of a...
Representatives looking for a new expert who will help them coordinate the next major update of the project. Recall that in late February, one of the main programmers Ethereum Foundation for Africa Sidon his post due to the huge a...
This needs to stop. A supporter of Bitcoin vs coins JPMorgan
One of the largest U.S. Bank JPMorgan JPM own cryptocurrency Coin. The news triggered a lot of criticism and hype cryptosuite, as the Bank's CEO Jamie Dimon has long had the reputation of a staunch opponent of Bitcoin. Not so long...
Wallets QuadrigaCX was empty. Haven't used them since April
the Auditing firm Ernst & Young has published the third report of the rehabilitation process investors canadian crypto currency exchange QuadrigaCX. In the auditor's report is 6 cryptocell, which are primarily used by exchang...
Blockstream has released an update Lightning Network. The adoption of technology is increasing
and development company Blockstream released a new version of software for scaling, c-lightning. The release said in an official company blog. C-lightning is ofchan-decision scalability of the Bitcoin Network on the basis of Light...
Conspiracy theory: the promotion of Bitcoin in 2011 was offered $ 5 million
In some circles, has a very bad reputation that everything else complements a huge number of conspiracy theories. In one of the last lit up Alex Jones. According to the famous theorist in this area, he was offered a fairly substan...
Not Bakkt and ETFs: what will be the real reason for the growth of Bitcoin?
earlier, experts published a report according to which FINTECH startup Square has sold thousands in the amount of several million dollars for the whole of 2018. Since the launch of app Cash App the company has managed to earn over...
You do not go away: why Coinbase gives its users to delete accounts?
Many users of Coinbase faced problems while deleting accounts on the exchange. According to them, trading platform do not allows to finally get rid of their accounts, even if their accounts nothing. Some people attribute these str...
Bitcoin will grow to a minimum of 100 thousand dollars. So says the majority of traders
Already prepared to sell all his crypt for another drawdown ? Better to wait and watch the market. Judging by the results of a recent survey of members of cryptocommunist on Twitter the majority of traders expects the growth of Bi...
Cryptocurrency is almost not used in money laundering. The police report
according to police Japan, in most of the disclosed incidents of money laundering is not associated with the cryptocurrency. However, in 2018 the number involving coins up to 900 percent compared to the previous year. Despite the ...
When long trades Bitcoin? Response graphs
is one of the most popular tools for cross-border payments. BTC than PayPal. Isn't that the sign of true acceptance of the cryptocurrency in the world? However, the asset price still have many obstacles to overcome before further...
Binance BNB will distribute 100 thousand dollars to test a decentralized exchange
the world's Largest crypto currency exchange Binance announced an interesting event. It distributes tokens to its users for testing the recently launched DEX-exchange. According to information, the startup is ready to distribute t...
Facebook is trying to succeed where Bitcoin has failed. What are we talking about?
It was such a loud title of the article is marked edition of the New York Times of 28 February. Citing several anonymous sources, the publisher has outlined some contours of the Facebook project, aimed at cryptopedia in their mess...
Top profitability: who did the most x's in February?
Recall, February is almost always brought a good profit to investors in the cryptocurrency. This year was no exception — altcoins and well grown, that even prompted some thought about the end «cryptogamy». For the 28-day...
Bitcoin will rise to 67 of 193 USD. Accurate prediction from an experienced analyst
«Veteran» trading Peter Brandt recently made a very interesting forecast prices — 67 193 USD. Why this exact number? This strap cryptocurrency will attain if all its market capitalization assuming all mined coins will be...
No Internet, no problem: how to send bitcoins with a regular radio
In an era when the leadership of countries gladly censor or curtail the whole network, it's nice to know that Bitcoin can work without Internet. In the end, network censorship — it's not dystopia, and force, which is used by many ...
Comments (0)
This article has no comment, be the first!