Bitcoin Forum
October 18, 2017, 08:06:14 AM *
News: Latest stable version of Bitcoin Core: 0.15.0.1  [Torrent]. (New!)
 
   Home   Help Search Donate Login Register  
Pages: [1]
  Print  
Author Topic: [2016-04-09] Bitcoin Price Weekly Analysis –BTC/USD Surges To Test Resistance  (Read 161 times)
trinaldao
Hero Member
*****
Offline Offline

Activity: 784


Need my services ? visit https://goo.gl/A1vKGj


View Profile
September 04, 2016, 08:39:31 AM
 #1

Bitcoin price after trading in a range for quite some time against the US Dollar found buyers and started to move higher. There was a nice upside thrust, which took the price towards the $600 level. The buyers even managed to break the stated level to set a new high of $610. However, the upside was stalled near a major resistance zone, which may play a crucial role moving ahead.

At $610, there is a connecting resistance trend line formed on the 4-hours chart (data feed from SimpleFX) of BTC/USD. And, the 1.618 extension of the last drop from the $592 high to $561 low is also around it. So, there is a major technical resistance formed near $610. This is the reason why, the BTC bulls were seen struggling near the stated resistance level.

http://www.newsbtc.com/2016/09/04/bitcoin-price-weekly-analysis-btcusd-surges-test-resistance/


░░░░░░░░░░▄▄██████████▄▄▄▄ 
░░░░░░░▄███▀▀░░░░░░░░▀▀▀███▄▄▐██
░░░░░▄██▀░░░░░░░░░░░░░░░░░▀█████
░░░░██▀░░░░░░░▄▄▄▄▄▄▄▄░░░░██████
░░░██▀░░░░░▄██▀▀▀▀▀▀▀▀██▄
░░██▀░░░░██▀░░░░░░░░░░░░▀██
██▌░░░░██░░░░░░░██░░░░░░░██
▐█▌░░░░██░░░░░░████░░░░░░██
██▌░░░██░░░░▐█░░████░░█▌░░░░██
██▌░░░██░░░░██▐████▌██░░░░██░░░░██▌
░░░░░░██░░░░██░▐████▌░██░░░░██░░░░██▌
░░░░░░██░░░░▐██▐█▌▐█▌██▌░░░░██░░░░██▌
░░░░░░░██░░░░▐███▌▐███▌░░░░██░░░░▐██
░░░░░░░░██▄░░░░██░░██░░░░▄██░░░░░██▌
░░░░░░░░░▀█▄░░░░░░░░░░░░▄█▀░░░░░██▀
░░░░░░░░░░░▀██▄▄▄▄▄▄▄▄██▀░░░░░░██▀
░░░░██████░░░░▀▀▀▀▀▀▀▀░░░░░░░▄██▀
░░░░█████░░░░░░░░░░░░░░░░░░▄██▀
░░░░██▌▀▀███▄▄▄░░░░░░░░▄▄███▀
░░░░░░░░░░░▀▀███████████▀▀
  
|  
1508313974
Hero Member
*
Offline Offline

Posts: 1508313974

View Profile Personal Message (Offline)

Ignore
1508313974
Reply with quote  #2

1508313974
Report to moderator
1508313974
Hero Member
*
Offline Offline

Posts: 1508313974

View Profile Personal Message (Offline)

Ignore
1508313974
Reply with quote  #2

1508313974
Report to moderator
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
1508313974
Hero Member
*
Offline Offline

Posts: 1508313974

View Profile Personal Message (Offline)

Ignore
1508313974
Reply with quote  #2

1508313974
Report to moderator
1508313974
Hero Member
*
Offline Offline

Posts: 1508313974

View Profile Personal Message (Offline)

Ignore
1508313974
Reply with quote  #2

1508313974
Report to moderator
1508313974
Hero Member
*
Offline Offline

Posts: 1508313974

View Profile Personal Message (Offline)

Ignore
1508313974
Reply with quote  #2

1508313974
Report to moderator
InvoKing
Hero Member
*****
Offline Offline

Activity: 826


View Profile
September 04, 2016, 03:53:40 PM
 #2

I would agree with this => The price is currently showing a lot of positive signs, and people may now look to buy BTC.
But the price still needs to rise more than that to stay in a safe zone
Pages: [1]
  Print  
 
Jump to:  

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!