empty
 
 
02.01.2020 04:37 PM
BTC analysis for 01.02.2020 - Watch for potential drop on the BTC

Industry news:

According to data provided by Blockchain, Bitcoin hashrate has reached a new all-time peak of 119 EH/s, which flies in the face of FUD (fear, uncertainty, and doubt) about imminent market capitulation. The Bitcoin network continues to get significantly stronger despite the asset's lackluster price action.

Technical analysis:

This image is no longer relevant

Bitcoin is still trading inside of the consolidation at the price of $7.103 and there is potential for the further downside movement. My analysis from previous analysis I still the same and I do see potential completion of the upward correction ABC (running flat), which is a sign that selling is in play... Watch for selling opportunities and target at the price of $6.455.

MACD oscillator is showing rotation from the natural mode into the bearish mode, which is sign that there is the big move that is coming and potential expansion period.

Yellow rectangles – Current trading range

Resistance levels are seen at the price of $7.400 and $7.700

Support levels are set at the price of $7.030 and at the price of $6.455
通过InstaForex赚取加密货币汇率变动的收益。
下载MetaTrader 4并开启您的第一笔交易。
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and get $6000 more!
    In December we raffle $6000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • 100% Bonus
    Your unique opportunity to get a 100% bonus on your deposit
    GET BONUS
  • 55% Bonus
    Apply for a 55% bonus on your every deposit
    GET BONUS
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS

推荐文章

现在无法通话?
提出您的问题,用 在线帮助.
Widget callback