NewsBTC
No Result
View All Result
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Breaking News: Trump Prepares To Allow Crypto Investments In $9 Trillion Retirement Market
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Bitcoin News
No Result
View All Result
Breaking News: Trump Prepares To Allow Crypto Investments In $9 Trillion Retirement Market

Bitcoin Price Analysis for 17/2/2015 – Wrestling Relapse

newsbtc
newsbtc
1 year ago
2 mins read

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

Bitcoin price remained above the $220 level yesterday, as the market’s bulls failed to push the price up to test the $256 resistance level.
By studying the 1 hour Bitfinex (BTC/USD) charts from tradingview.com, we can analyze the market’s pattern throughout yesterday’s trading sessions. We can summarize yesterday’s trading trend by the following repeating pattern “A burst of a 3 hourly bullish candles is followed by a bearish weaker wave that takes the price down to abolish 50-70% of the bullish wave”. The outcome of this pattern is an upward sloping trend line (look at the green trend line on the below chart) that seems to be pushing bitcoin price upwards to test the $256 resistance level within the next 24 hours or so.

bitcoin analysis, bitcoin price
Let’s take a look at the 1 day Bitfinex (BTC/USD) charts from tradingview.com and plot the MACD indicator and the 20 day EMA accordingly. A bullish wave started on the 15th of January followed by a bearish wave that corrected the price to around 70% of the price gain. Since then, bitcoin price has been moving sideways highlighting strong support at the $220 level. The price now is above the 20 day EMA and a the MACD curve supports an upcoming bullish wave as shown by:

  • The MACD blue line has crossed over the red signal line.
  • The MACD indicator is sloping in an upwards direction.
  • Although the MACD is still in the negative territory, it seems to be crawling slowly towards the positive territory, which would signal a strong bullish rally.

bitcoin analysis, bitcoin price

Conclusion:

Bitcoin price failed to rise up to test the $256 resistance yesterday. Our analysis is in favor of a bullish wave that would take the price up to $256 within the next 24 hours.

 

Charts from Bitfinex

Tweet123Share196ShareSend
newsbtc
newsbtc

newsbtc

Comments 2

  1. cohagen says:
    10 years ago

    I agree on the bull part of all this just not in the same terms as you.

    Reply
  2. DCmehome says:
    10 years ago

    I thought this was a WWE article about new tag team sensation The Relapse and Real Sid Ivism. They had a match against The Itching and The Burning last week.

    Reply

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Comments 2

  1. cohagen says:
    10 years ago

    I agree on the bull part of all this just not in the same terms as you.

    Reply
  2. DCmehome says:
    10 years ago

    I thought this was a WWE article about new tag team sensation The Relapse and Real Sid Ivism. They had a match against The Itching and The Burning last week.

    Reply

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Related News

Bitcoin Climbs, But NVT Indicator Sends a Surprising Signal

Bitcoin Climbs, But NVT Indicator Sends a Surprising Signal

Bitcoin’s recent price action has continued its upward trajectory, with the asset trading as high as above the $120,000 price...

Samuel Edyme 5 hours ago
Ethereum

This Ethereum Metric Called The Bottom Ahead Of Rally, Says Analytics Firm

The on-chain analytics firm Glassnode has revealed an Ethereum indicator that reliably flagged the price bottom in advance of the...

Keshav Verma 6 hours ago
Ethereum's Rally Isn't What It Seems — Here's What's Really Driving It

Ethereum’s Rally Isn’t What It Seems — Here’s What’s Really Driving It

Ethereum has extended its upward momentum this week, climbing over 20% in the past seven days and pushing past $3,600...

Samuel Edyme 8 hours ago
Load More

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

Related News

Satoshi-Era Bitcoin Now for Sale: Galaxy Digital Sends 1,500 BTC To Binance

Satoshi-Era Bitcoin Now For Sale: Galaxy Digital Sends 1,500 BTC To Binance

Sebastian Villafuerte 30 minutes ago
Pi Network mysterieuze wallet verzamelt 315 miljoen tokens – goed nieuws voor de Pi Coin koers?

Pi Network mysterieuze wallet verzamelt 315 miljoen tokens – goed nieuws voor de Pi Coin koers?

Lars Diederiksen 2 hours ago
solana

Solana Near Last Major Resistance Amid 10% Surge – Analyst Says ‘Real Bull Run’ Is Close

Rubmar Garcia 3 hours ago

Premium Sponsors

Press Releases

  • 今買うべき注目の仮想通貨プレセール3選:革新的レイヤー2と次世代トレーディングプラットフォーム

    ...

    4 hours ago
  • ビットコインが118,000ドルを回復|今注目の新しい仮想通貨と次の10倍成長が期待されるBTC代替案

    ...

    4 hours ago
  • イーサリアムが3,500ドルに迫る中で注目すべきアルトコイン3選

    ...

    5 hours ago
  • 仮想通貨投資の新たな選択肢として注目を集める話題のミーム銘柄、市場の盛り上がりと共に関心拡大

    ...

    5 hours ago
  • 新高値更新で17%上昇のXRP、しかし今注目すべきico仮想通貨は別にあると専門家は指摘

    ...

    5 hours ago

Newsletter

Be the first to get the latest important crypto news & events to your inbox.

  • This field is for validation purposes and should be left unchanged.

About Us

NewsBTC is a cryptocurrency news service that covers bitcoin news today, technical analysis & forecasts for bitcoin price and other altcoins. Here at NewsBTC, we are dedicated to enlightening everyone about bitcoin and other cryptocurrencies.

We cover BTC news related to bitcoin exchanges, bitcoin mining and price forecasts for various cryptocurrencies.

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Company

  • About Us
  • Advertising
  • Contact Us
  • Privacy Center

Social

© 2025 NewsBTC. All Rights Reserved.

  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play Games
  • Casinos
Advertise

© 2025 NewsBTC. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.