UK Bank says Bitcoin Rise was “Viral” but Bulls Predict new Highs in 2018

The price of Bitcoin has been fluctuating around the $ 7000 mark, falling from a 2018 high of $ 11,500 in March and it's all-time high of around $ 20,000 in December of 2017. Some experts at Barclays are warning that it might not come back up. The Independent reported that analysts at UK's Barclays …
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Bitcoin Price Analysis: Bitcoin Faces Pivotal Support as Bulls Exhaust Buying Pressure

Trading and investing in digital assets like bitcoin and ether is highly speculative and comes with many risks. This analysis is for informational purposes and should not be considered investment advice. Statements and financial information on Bitcoin Magazine and BTC Media related sites do not …
Google Alert – bitcoin

Bitcoin Price Analysis: Bitcoin Faces Pivotal Support as Bulls Exhaust Buying Pressure (bitcoinmagazine.com)

After seeing a rally to the $ 11,000s, bitcoin has managed to pull back to the $ 9,000 range and has left many bullish investors confused. The initial bullish rally seemed promising as it broke the macro, descending channel that governed much of the market over the last two months:Figure 1: BTC-USD, 6-Hour Candles, Descending ChannelThe breakout of the descending channel (red dotted channel) gave hope to many bullish investors as it seemingly signaled the end of the downtrend and perhaps the…

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Bitcoin Price Analysis: Bitcoin Bulls Find Respite Along Major Support Lines (bitcoinmagazine.com)

Over the last week, bitcoin has seen an aggressive markdown from the $ 12,000s to the $ 6,000s — a 50% move in 7 days. Right now, a battle between the bulls and the bears is under way as the market is trying to decide if today’s rally is a temporary bottom or a decisive end to the aggressive bitcoin bear market:Figure 1: BTC-USD, 1-Day Candles, Macro TrendTo date, the market has broken number lines of support including the daily 200 EMA. The daily 200 EMA has been a strong support for the last…

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