• info[at]asiathemes[dot]com
  • (2)245 23 68

Bitcoin Price Analysis: BTC At Risk Of More Losses Below $3,300

Bitcoin Price Analysis: BTC At Risk Of More Losses Below $3,300

BTC Casino / 11th December 2018

Key Points

BitMex Insurance Fund Can Finance 51% Attack on Bitcoin Cash For a Year
Thursday January 24, 2019

Hong Kong-based trading platform BitMEX owns so much Bitcoin that it could launch multiple 51 percent attacks against some altcoins for months. Bitcoin Insurance Fund Worth $76 Million Those were […]

The post BitMex Insurance Fund Can Finance 51% Attack on Bitcoin Cash For a Year appeared first on BTC Casino Gambling.

Bitcoin price topped near the $3,645 level and later declined against the US Dollar.
There is a major bullish trend line formed with support at $3,355 on the hourly chart of the BTC/USD pair (data feed from Coinbase).
The price is likely to extend the current decline below the $3,350 and $3,300 levels.

Changpeng Zhao, the CEO of Binance criticized for advising holding on exchanges
Wednesday January 23, 2019

There is a saying that there is no such thing as a bad advertisement and all advertisement is good advertisement. Changpeng Zhao, the CEO of Binance, the largest exchange in […]

The post Changpeng Zhao, the CEO of Binance criticized for advising holding on exchanges appeared first on BTC Casino Gambling.

Bitcoin price is under pressure below $3,480 against the US Dollar. BTC is likely to break the $3,350-3,355 support for an extend decline to $3,260.
Bitcoin Price Analysis
After forming a support near the $3,260 level, bitcoin price climbed higher recently against the US Dollar. The BTC/USD pair traded above the $3,500 and $3,600 resistance levels. However, buyers struggled near the $3,640-45 zone. A high was formed near $3,645 and later the price declined. It moved down sharply and traded below the $3,600 and $3,550 support levels. There was even a close below the $3,500 level and the 55 hourly simple moving average.
Sellers pushed the price below the 61.8% Fib retracement level of the last wave from the $3,260 low to $3,644 high. At the moment, the price is trading near the key $3,350-55 support area. There is also a major bullish trend line formed with support at $3,355 on the hourly chart of the BTC/USD pair. The 76.4% Fib retracement level of the last wave from the $3,260 low to $3,644 high is at $3,351. Therefore, if there is a downside break below $3,350, the price is likely to decline sharply towards $3,260. Any further losses could take the price towards $3,200.

Looking at the chart, bitcoin price remains at a risk of more losses if sellers gain pace below $3,350. On the upside, the main resistance is near the $3,450 level, 55 SMA, and a bearish trend line.
Looking at the technical indicators:
Hourly MACD – The MACD for BTC/USD is placed in the bearish zone.
Hourly RSI (Relative Strength Index) – The RSI is well below the 50 level.
Key Support Level – $3,350
Key Resistance Level – $3,450
The post Bitcoin Price Analysis: BTC At Risk Of More Losses Below $3,300 appeared first on Live Bitcoin News.

Coinbase Custody to Power $500 Million Fund Launched by Wilshire Phoenix
Friday November 02, 2018

Coinbase remains one of the most successful cryptocurrency companies in the world. Their trading platform is of increasing interest to speculators and enthusiasts alike. Together with Wilshire Phoenix, the company […]

The post Coinbase Custody to Power $500 Million Fund Launched by Wilshire Phoenix appeared first on BTC Casino Gambling.

@ 2017 Esol Theme powered by WordPress Developed by ASIATHEMES