the market; the break out is imminent. Leave a comment, bitcoin price may have its high at 4,237 in case the demand level of 3,679 holds and the Bulls gained enough momentum. More importantly, there is a crucial ascending channel is in place with support at 3,830 on the 4-hours chart of the BTC/USD pair. However, the price faced a strong resistance near the 3,900 level. Tread carefully, if you are going to try and jump in to pull short term gains. Pushing the fomo and touting how amazing they are doing and hyping up all the gains they are making to try and suck you. The pair remains in an uptrend and it is likely to accelerate above 4,000 and 4,100 in the near term. Meanwhile, the Moving Average Convergence Divergence period 12 with its histogram is above the zero levels and the signal lines above zero level pointing upward indicates buy signal.
Bitcoin price analysis 19 February 2019 - Bullish market
Fear and greed are killers. Also be aware as the bitcoin price and other altcoin prices rise, the scammers are going to come out in even bigger droves than they already are. The bear market has lasted for 58 weeks and still shows no apparent signs of a trend reversal is observed. A couple of rules to remember to improve your trading:. The resistance to the upper side is observed at 3530 which if broken would test to 3700 resistance ahead. So we have been testing the 4000 resistance zone the last 24 hours with a new 2019 high of 3994.52 and a low of 3856 on Binance. There was not any serious rally on the BTC market last week. Bitcoin Price Analysis, this past week, there was a steady rise from the 3,700 support area in bitcoin price against the US Dollar. The two EMAs are already closed together and the BTC price continues trading in between the 21-day EMA and 50-day EMA in which it serves as an indication that consolidation is ongoing on the daily chart in the BTC market. Analysis of Daily Chart BTC/USD, on the daily chart, the signal is bearish. The chart seems to be approaching a critical point of action.