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Bitcoin Price Analysis— February 8 (Daily Chart)The last 48 hours have been a better-than-expected BTC performance for me from my previous analysis, as the benchmark shattered several price ceilings to break the $45K top in two days, considerably sooner than I anticipated. However, the benchmark cryptocurrency has now fallen into correction mode as it drops near the $43K base. That said, I expect bulls to put up a good fight at the $43K support, given the combination of supporting factors around that level, including the daily 50 SMA, the $43K support line, and the prevailing market mood. We should see a goodish bounce off the $43K support in the near term, followed by a retest of the $45K barrier. Successful clearance of that mark should help BTC snap the $46K pivot top over the coming days. Meanwhile, my resistance levels are at $44,000, $45,000, and $46,000, and my key support levels are at $43,000, $42,000, and $41,000. Total Market Capitalization: $1.98 trillion Bitcoin Market Capitalization: $824.9 billion Bitcoin Dominance: 41.7% Market Rank: #1
GEMINI:BTCUSDLong
by Mr_Wogbe_Alex
BitOffer Bitcoin Market Analysis 2020/05/13The market fluctuated downwards. After the halving, the volatility of various major tokens tended to ease, and both sides entered a short rest period. In the 1-hour line,BTC dropped slowly and the MACD has a dead cross, which means the process of callback will heppen in the short-term. but the MACD is still above the zero axis, and there is no heavy volume in the callback indicating that the callback is not strong. The callback is limited, hold at $8700 and focus on the pressure $9000. ETH turns from to red and there is a rapid rebound again during the callback, which means that the bulls are strong in resistance. In the 1-hour k-line, the MACD has not broken below the zero axis. There is a callback demand before, but short-term bulls still account for good. continue to pay attention to the top line pressure of $192 above. Register on BitOffer.com now can get 50 USDT bonus! And we are doing a campaign of which rewards can be up to 500 USDT. Join our group to know more Market news and unlock the bonus: t.me/bitofferen
BITSTAMP:BTCUSD
by BitOfferEN