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Author Topic: Technical Price Analysis of Bitcoin  (Read 401 times)

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Offline dianadsouzaTopic starter

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Technical Price Analysis of Bitcoin
« on: September 04, 2018, 08:35:30 AM »
Bitcoin has been striving to stick above 50-day average for the previous two days. This indicates there was a lack of follow up purchasing at higher levels.
[/size]The 20-day higher average has been turning up which displays that the growth having short-term advantage.[/color]
[/size]If prices hits above $7,127 respective to the BTC/USD pair, then there’s chances to pick up momentum and scale reaching above 50 percent Fibonacci retracement level of $7,198.3.[/color]
[/size]There was some recent news saying at $7,000; Bitcoin can be considered as undervalued or overvalued. This would depend on how the calculation of cryptocurrency intrinsic value takes place.[/color]

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Offline emililadjet

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Re: Technical Price Analysis of Bitcoin
« Reply #1 on: September 14, 2018, 10:20:17 AM »
Hopefully the mark of 8500 will be passed in the next few weeks or a month. It is really enough of bears.
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