Bitcoin (BTC) Is Up 6% Even As Sellers Eye $7,500

Bitcoin (BTC) resurgence, up 6 percent
Altcoins dominance fall

Bitcoin Craters to $10,500, Sentiment Hits December Lows: Can BTC Bounce?
Wednesday August 14, 2019

Over the past few days, bears have managed to wrest the wheel of the proverbial Bitcoin car from bulls. And since then, this class of investors has been driving BTC off a cliff. Related...

The post Bitcoin Craters to $10,500, Sentiment Hits December Lows: Can BTC Bounce? appeared first on 12bitplay - Bitcoin Play.

Superior, Bitcoin is generally in an uptrend despite early July losses. Presently, resistance lies at $14,000, and if buyers overcome this level, then BTC could soar to $18,000 by close of the year.
Bitcoin Price Analysis
Fundamentals
The altcoin world is turbulent. Even if the general notion is that Bitcoin and altcoin prices are in sync, correlating directly with the former acting as a base in most exchanges, thus far, there is a divergence in performance.
Contributing to this difference is the liquidity of Bitcoin, the trust it has thanks in part to the controversy around its use, and the high reliability. However, what sets them apart is what investors want to draw from each asset. Driven by varying objectives, Bitcoin remains to be that store of value, a reliable, low throughput network whose security is like no other.
On the other hand, investors and even traders relishing for action and ten-fold gains within short time frames flock in droves to altcoins. At the moment, the expectation is that altcoins like Bitcoin Cash or Bitcoin SV will rise from the ashes.
With the negative publicity of the latter, these Bitcoin hard forks have low market capitalization with Bitcoin SV in particular in danger of being illiquid following the delisting from Binance. While at it, there is a race in Iran. Feeling the squeeze from US sanctions, citizens are all in, mining Bitcoin even in Mosques despite authorities crack the whip on cryptocurrencies.
Candlestick Arrangement

Safe Haven? Bitcoin Price Falls Below $11,000 Alongside Gold Bull Rejection
Tuesday August 13, 2019

Bitcoin price has been rallying throughout 2019, and most believe that the crypto asset is about to embark on its greatest bull run yet. As global economic tensions and uncertainty rise, so does the...

The post Safe Haven? Bitcoin Price Falls Below $11,000 Alongside Gold Bull Rejection appeared first on 12bitplay - Bitcoin Play.

At the time of press, BTC buyers are back. Following yesterday’s recovery and thrust past $10,000, prices are back in consolidation. Typically, these sort of wild price movements is common.
Even so, distinct from signaling candlesticks, yesterday’s bar was with low participation. Then again, notice that there is a whole bull candlestick closing below the lower Bollinger Band (BB). That’s a bullish signal, revealing a state of BTC under-valuation, justifying yesterday’s expansion.
Unless otherwise there is a surge past June 2019 high of $14,000 in line with previous BTC/USD trade plan, the path of least resistance is southwards. Because of that, every high is technically a selling opportunity with targets at $9,500 and later $7,500.
Technical Indicators
Anchoring and leading this trade plan is July 16 candlestick. The bar has decent trading volumes of 43k confirming the bear breakout of July 14. Therefore, as above, any surge above $11,200 or June 27 low-previous support now resistance, ought to be with high participation exceeding 43k. If that prints this weekend, BTC could rise to $14,000. Conversely, liquidation will cement this trade plan’s overview.
Chart courtesy of Trading View. Image Courtesy of Shutterstock
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Bitcoin May Soon Test 2019 Trend Line Below $9k, Claims Prominent Analyst
Thursday August 15, 2019

After facing a significant amount of downwards pressure, Bitcoin (BTC) capitulated yesterday and fell to lows of roughly $9,500 before bouncing and reclaiming its position above the key $10,000 price level. Now, one prominent...

The post Bitcoin May Soon Test 2019 Trend Line Below $9k, Claims Prominent Analyst appeared first on 12bitplay - Bitcoin Play.

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