Bitcoin Price Analysis: Possible Bear Pennant Suggests End to Market Consolidation

Looking back at bitcoin's parabolic curve, we can see notable lines of support and resistance throughout its market cycle. Two highly reliable sources of support and resistance are the set of 50/200 EMAs and the Fibonacci Retracement set from the beginning of the bull market to the top of our current …
Google Alert – bitcoin

Bitcoin Price Analysis: Possible Bear Pennant Suggests End to Market Consolidation (bitcoinmagazine.com)

Looking back at bitcoin’s parabolic curve, we can see notable lines of support and resistance throughout its market cycle. Two highly reliable sources of support and resistance are the set of 50/200 EMAs and the Fibonacci Retracement set from the beginning of the bull market to the top of our current all-time high:Figure 1: BTC-USD, 1-Day Candles, Macro TrendOver the last couple days, bitcoin has attempted to break the overhead resistance surrounding the 38% retracement values and the 50 EMA…

Bitcoin

Bitcoin Drops as South Korea Says Exchange Closures Are Possible

Bitcoin resumed its tumble on Thursday after South Korea said it was eyeing options including a potential shutdown of at least some cryptocurrency … Bitcoin fell as much as 7.2 percent to as low as $ 14,102 in Asia trading, erasing modest gains after the South Korean release, composite Bloomberg …
Google Alert – bitcoin