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Bitcoin Price Chart With Rsi
Hi friends! Welcome to this update analysis on Bitcoin! Let's get right to it! Looking at the four hour chart, you can see that BTC has formed a bear flag consolidation, after failing to breakout above the inverse head and shoulders pattern on 3/5.
Bitcoin is looking at $10,000 after the bulls failed to defend a key level in the early Asian hours, price chart analysis suggests.
With extreme volatility evident in bitcoin's price this morning, what lies ahead for the cryptocurrency? Analysis suggests caution is advised.
Bitcoin (BTC) continues to be highly volatile. Having ranged over 30% in the past week, the cryptocurrency was, at one point, down 56% from all time highs. The BTC market cap now stands at US$190 Billion, with just over US$5 Billion traded in the past 24 hours.
Bitcoin (BTC) has continued to unwind and is now down almost 70% from the record high on December 17th. Cryptocurrencies as an asset class have followed suit. The combined market capitalization has dropped from highs over US$800 billion in December to just under US$400 billion. The BTC market cap currently stands at US$128 billion, down from US$324 billion on December 17th, with US$10 billion ...
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The R elative S trength I ndex is a commonly used indicator that can be helpful to understand if a coin is overbought or oversold. Let me explain the actual calculation before we actually get into the details (it might seem confusing but bare with me): RSI = 100 – 100 / (1 + (Average gain of up periods over time frame / Average loss of down periods over time frame))
Bitcoin Price Key Highlights. Bitcoin price made an upside break from an earlier short-term consolidation pattern to show that further gains are possible.; Zooming out to the 4-hour chart reveals that the next upside targets are at the 200 SMA then channel resistance.
Bitcoin & Altcoin Price Analysis 2 Feb Follow me on Facebook , Twitter or Instagram for daily crypto updates Blood is running in the streets. Yesterday saw BTC drop 12%, followed by another 3% already this morning. This saw price action break through the $10 000 level, closing just above $9000. This morning, $9000 has been…
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