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Abajo pero no fuera: Bitcoin se mantiene en territorio alcista

Bitcoin ha estado bajo presión hoy en medio de fuertes ganancias en monedas alternativas, pero los gráficos no muestran signos de pánico.

Después de registrar un máximo de $ 15,394.99 a las 02:14 UTC del día de hoy, el índice de precios de Bitcoin de CoinDesk cayó a un mínimo intradiario de $ 14,225.17 a las 09:14 UTC. En el momento de la publicación, bitcoin se cotizaba a niveles de $ 14,500. Muy claramente, la depreciación del 2 por ciento en el valor mostrado por la fuente de datos CoinMarketCap se debe principalmente a la disminución observada entre las 02:14 UTC y las 09:14 UTC.
ANUNCIO

Mientras tanto, las monedas alternativas más baratas son fuertemente ofertadas. Por ejemplo, el token XRP de Ripple ha establecido un nuevo récord histórico de $ 3, que se ha apreciado por un considerable 31.63 por ciento en las últimas 24 horas. Además, los precios de cardano (ADA) y estelar han aumentado al menos un 20 por ciento cada uno, mientras que el NEM (XEM) se ha revalorizado en un 46 por ciento.

Se podría argumentar que los inversores están utilizando el BTC para acumular monedas alternativas, dadas las fuertes ganancias en los pares XRP / BTC, ADA / BTC y XEM / BTC.

En medio de lo que algunos llaman una “burbuja altcoin”, aún está por ver si el dinero volverá a entrar en BTC una vez que las valoraciones de las monedas alternativas comiencen a verse sobrecargadas.

Actualmente, los gráficos sugieren que BTC ha bajado pero no ha salido y se mantiene en territorio alcista.

Como se discutió ayer, la perspectiva sigue siendo alcista siempre y cuando los precios se mantengan por encima de $ 12,701.55 (50 por ciento de retroceso de Fibonacci).

Además, la caída desde el máximo intradiario de $ 15,400 parece haberse detenido en torno a la media móvil de 5 días con pendiente ascendente a $ 14,352. Además, el MA de 50 días se inclina hacia arriba a favor de los toros. El cuadro también muestra un salto alcista (alcista) de la cuña descendente.

BTC ha incumplido la línea de tendencia decreciente y ha establecido mínimos más altos, lo que indica el alcance de un movimiento alcista.

La perspectiva a corto plazo sigue siendo alcista. Una ruptura por encima de $ 15,500 (resistencia del escote) abriría las puertas para un retorno a $ 18,500 (objetivo de ruptura inversa de cabeza y hombros según el método de altura medida).
En el lado negativo, el soporte se ve en $ 13,500 y $ 12,701.55. Solo un cierre (según UTC) por debajo de $ 12,701.55 indicaría un cambio de tendencia alcista o bajista.

Bitcoin

Bitcoin Cash Price Analysis: BCH/USD sinks towards $300 as crypto carnage catches momentum

  • Bitcoin Cash downside momentum takes a breather at $330 but sellers are not ready to flip.
  • Technical indicators seem to be working together in support of the increased selling activities across the board.

Digital assets across the board are in turmoil. There is a bearish cloud across the market, threatening to erase most of the progress made in the last couple of months. For instance, Bitcoin Cash had advanced to new 2020 highs at $498. However, the losses witnessed in the past couple of weeks have seen BCH/USD plunged to levels under $350 while declines still eye lower levels towards $300.

Bitcoin Cash price is down 5% on Wednesday during the Asian trading session. From an opening value of $352, there was an attempt to push higher, however, the bulls lost control at $361.85 (intraday high). Thus leaving a gap that has since been explored massively by the bulls with losses going to the extremes of $330.09 (intraday low). At the time of writing, BCH/USD is trading at $334 amid a building bearish momentum and high volatility levels.

Unknown miner sweeps 9,000 BCH previously sent to SegWit addresses

A shocking revelation within Bitcoin Cash shows that a mystery miner has swept at least 9,000 (approximately $3 million) of ‘lost’ Bitcoin Cash, claiming the coins for his own instead of sending them back to their rightful owners. To understand this, one must go back in time when Bitcoin Cash was hard forked from Bitcoin (BTC) in August of 2017. Due to the similarities in wallet addresses, Bitcoin Cash users sent up to 18,000 BCH to SegWit addresses. The coins disappeared due to lack of compatibility between BCH addresses and BCH addresses. It is not known how many coins can be recovered, besides most of the remaining unrecovered coins were of smaller quantities.

Bitcoin Cash price technical update

BCH is seen trading within a falling wedge pattern. The price is also below the moving averages, where the 50 SMA and the 100 SMA have turned into resistance zones at $372.40 and $377.94 respectively on the 1-hour chart. The crypto’s path of least resistance remains to the downside especially with the RSI making a comeback into the oversold region. Bearish strength is also emphasized by the MACD’s drop into the negative territory. Moreover, the widening gap between the 100 SMA and the 50 SMA signals rising selling activities in the market.

Bitcoin Cash price technical update

BCH is seen trading within a falling wedge pattern. The price is also below the moving averages, where the 50 SMA and the 100 SMA have turned into resistance zones at $372.40 and $377.94 respectively on the 1-hour chart. The crypto’s path of least resistance remains to the downside especially with the RSI making a comeback into the oversold region. Bearish strength is also emphasized by the MACD’s drop into the negative territory. Moreover, the widening gap between the 100 SMA and the 50 SMA signals rising selling activities in the market.

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Bitcoin Price Prediction: BTC/USD bulls face an uphill task as five strong resistance levels hold the price down – Confluence Detector

  • BTC/USD dropped from $9,662 to $9,307.85 this Tuesday.
  • There are no healthy support levels on the downside.

BTC/USD daily confluence detector

fxsoriginal

BTC/USD had a heavily bearish Tuesday as the price dropped drastically from $9,662 to $9,307.85. It has fallen further to $9,300 in the early hours of Wednesday. The daily confluence detector has no healthy support levels on the downside, which are holding the price up. On the upside, there are five strong resistance levels which the bulls will need to overcome. These levels are at $9,325, $9,350, $9,550, $9,580 and $9,700

$9,325 has the Previous Week low and 4-hour Bollinger Band, while $9,350 has the one-day Bollinger Band, SMA 5, 15-min Previous Low and one-day Fibonacci 23.6% retracement level. $9,550 has the one-week Fibonacci 23.6% retracement level and SMA 200. The strongest resistance level is at $9,580, which has the Previous Month high and one-day Pivot Point resistance-one. Finally, $9,700 has the one-week Fibonacci 38.2% retracement level, one-hour Bollinger Band, four-hour Bollinger Band and SMA 100.

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BITCOIN DECOUPLES FROM GOLD, HAS IT LOST SAFE HAVEN STATUS?

The Rundown

  • Bitcoin Sheds 5%
  • Gold Still Bullish

Bitcoin has plunged through key levels of support today dragging the entire crypto market down with it as usual. Gold conversely continues to rise, is BTC still a safe haven?

Crypto markets have dumped over $15 billion in the past 24 hours as the correction accelerates. The move lower was largely expected after such an extended period of good gains and there is no need for panic or FUD just yet.

Total market cap is back down at $260 billion which is 10% lower than it was at the beginning of the week. Volatility is still a huge aspect of crypto asset markets.

BITCOIN SHEDS 5%

Bitcoin has collapsed through key support levels at $9,300 today as it bottomed out at $9,100 during early hours trading in Asia.

bitcoin

BTC chart 1 hour – Tradingview.com

The move has accelerated losses which began almost a fortnight ago and have so far resulted in a 13% pullback which is nothing unusual for BTC.14 BTC & 30,000 Free Spins for every player, only in mBitcasino’s Crypto Love Affair! Play Now!

It is currently holding on to this support level with the lower one around $8,800. Below that there is nothing stopping a dump down to $8,300 where more solid support lies. A move to the upside is looking very unlikely at the moment.

GOLD STILL BULLISH

According to the charts the precious yellow metal hit a new seven year high this week of $1,670/oz marking an overall rise of 10% this year which is impressive for a non-volatile asset.

With bitcoin’s decline some have begun to question its status as ‘digital gold’ as it decouples from the asset.

Naturally serial bitcoin basher and goldbug Peter Schiff couldn’t resist sticking his oar in despite BTC outperforming gold this year by 16%. It should be noted that these tweets generally appear to be posted solely to troll the crypto community.

“It should be clear to Bitcoin bugs and CNBC anchors that Bitcoin is digital risk, not digital gold.”

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