Bitcoin february 24 2019
levels are over-stretched. Good news is that there exist peer-to-peer networks like LocalBitcoins that connect buyers and sellers within a given location. Bitcoin (BTC) buyers are under pressure mainly because of Feb 24 sell-off. Cryptocurrency charts by TradingView. Looking at the 1-day 4-hour charts.
The last time the RSI touched 78 was during July 2018, when Bitcoin was equal almost 8000. Technical analysis tools. Bitcoins price has seen a short spike within the range its been trading on this week. Bitcoin Chart by TradingView, its apparent the cryptocurrencys well-defined range is bordered at the 4,000 and 3,500 marks. This could eventually allow the bears to start controlling the market again, however. The market cap of all cryptocurrencies had reached 143 Billion, whereas BTC dominance.3 (Bitcoin share of the total market cap). Assuming prices edge past Feb 24 highs, a modest target will remain at 5,800.
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Distribution territories: 4,500, 5,000, 5,500, accumulation territories: 2,500, 2,000, 1,500. BitFinex open short positions: The 19K line is still holding firm. This is starting to look like a bull-market formation. Following five days of consolidation between the tight range of 3850 to 3950, finally, the bulls managed to gain momentum and break up the desired 4,000 mark. As significant players, exchanges do follow laid down rules and that can be a problem for crypto hard-liners. All the same, it is until prices race above 4,500 is when we expect prices to rally towards 6,000. The bulls are seemingly not strong in the market, as every indicator appears to point out their weakness. Telegram or subscribe to our weekly newsletter. Technical Indicators, transaction volumes are low averaging 15k in the last four days. As can be seen on the daily chart, the RSI had reached a high of 78 (resistance). Bitcoin prices in range mode, localCoinSwap launches a service allowing buying or selling of crypto without KYC.
Cryptocurrency"s are trading above the moving average with a period. Today s attempt by buyers to break through the price range of USD 4240-USD 4320 ended with big aggression on the part of sellers. In the review, bitcoin bTC /USD) forecast and analysis on, february 24, 2019 we look at the, bitcoin forecast with the use of the Bollinger Bands. February 28, 2019 5:11.
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