Category: bitcoin price analysis

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Bitcoin Price Analysis for May 29th – BTC Going to Grow

Bitcoin Price Analysis for May 29th - BTC Going to GrowBy Dmitriy Gurkovskiy, author at RoboForex Blog On Friday, May 29th, the BTC has grown steeply and is aiming upwards. It is generally trading at 9632.50 USD. On D1, the picture has hardly changed since last week. The pair keeps trading the upper border of the descending channel, trading between 50.0% and 61.8% Fibo. After yet another test of 61.8%, a pullback is becoming more and more probable. The aim of a decline will be at 38.2% Fibo. The MACD is currently above zero, indicating the possibility of further growth. The aim of the growth is at 61.8% Fibo. On H4,

The post Bitcoin Price Analysis for May 29th – BTC Going to Grow appeared first on The Merkle News.

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Bitcoin Price Analysis for May, 12th – BTC Volatility Sweeping Off Scale

Bitcoin Price Analysis for May, 12th - BTC Volatility Sweeping Off ScaleBy Dmitriy Gurkovskiy, author at RoboForex Blog On Tuesday, May 12th, the BTC rate remains volatile but investors are ready to buy. The cryptocurrency is generally trading at 9000.00 USD. As for the BTC dynamics on D1, during the last week, the quotations of the leading cryptocurrency reached the psychologically important level of 10000.00 USD and tested the mid-term resistance level of the descending channel. Then the market needed a correction, and the quotations fell to the local support line, trying to test 8000.00 USD. At the same time, with the MACD lines heading upwards, we may suppose that the market

The post Bitcoin Price Analysis for May, 12th – BTC Volatility Sweeping Off Scale appeared first on The Merkle News.

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