Bitcoin Price Analysis: Market Direction Depends on Next Price Line Tests

Over the last few weeks, bitcoin has had its fair share of ups and downs. The volatility has chopped up many of the public bulls and bears alike as the market has struggled to find a consistent direction for more than a couple of weeks at a time. The market is currently in an interesting space as many …
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Bitcoin sees muted action, consolidates after drop under key, long-term trend line

A single bitcoin last traded at $ 8,847.25, down 2.5%, since Wednesday levels at 5 p.m. Eastern Time on Kraken. Despite the decline Wednesday, industry participants remain upbeat, with the price of bitcoin still 30% off its April low. “Overall things remain positive,” said Charles Hayter, co-founder of …
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Bitcoin can't break above long-term trend line, looks set to resume slide

The rally to begin the week pushed the price of bitcoin toward $ 9,100 and near two key technical levels—the 50-day moving average at $ 9,401 and the 200-day moving average at $ 9,223. However, after failing here, bitcoin could be set to resume its selloff. Chart watchers use moving averages to help …
Google Alert – bitcoin