Cointelegraph Bitcoin Price Analysis
Cointelegraph Bitcoin Price Analysis latest news, images, analysis about Jan 2, 2018 · Bitcoin (BTC) and cryptocurrency price analysis coverage by Cointelegraph aims at spotting patterns at the micro and macro levels as …
FAQs for Cointelegraph Bitcoin Price Analysis
What's happening with bitcoin price analysis?
Bitcoin price analysis reveals BTC has moved past the $17,000 level after a period of consolidation below the previous key resistance level. The BTC/USD pair is struggling to maintain the $17,000 level and is oscillating near the $17,100 region with a downward bias.
What is cryptocurrency price analysis?
Price analysis is the ongoing process of cryptocurrency traders and analysts finding patterns in the market to determine optimal trading strategies and gauge market sentiment for the cryptocurrency market at large or for specific assets such as Bitcoin (BTC), Ether (ETH), XRP, Litecoin (LTC), etc.
Is bitcoin in a sideways trend?
Bitcoin price analysis shows the market remains trading on a low volatile with Bitcoin still trading within a tight range between the key levels of $16,800 and $16,500.The bears and the bulls have remained low in the past few days and it appears that Bitcoin is likely to remain in a sideways trend for some time.
Are the Bulls gaining the upper hand in Bitcoin?
Bitcoin price analysis on the daily timeframe shows that despite facing a slight pullback, the bulls seem to be gaining the upper hand in the short term. However, given that Bitcoin is currently trading at a key resistance level, we are likely to see a continuation of the current choppy price action.
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