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: Raydium DEX's AMM Program Exploited For $1.34 Million — Here's What Went Wrong
  • 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: Raydium DEX's AMM Program Exploited For $1.34 Million — Here's What Went Wrong

Bitcoin Price Technical Analysis – Heads Up for a Major Pullback!

newsbtc
newsbtc
Last Updated: April 6, 2018 6:45 am
1 min read
bitcoin price tech analysis. price major pull back ahead. newsbtc bitcoin news

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 Key Highlights

  • Bitcoin price achieved yet another new high, surging past the $350 minor psychological barrier onto a peak of $378 so far.
  • This strong rally could inspire profit-taking activity towards the end of the week, as traders reduce risk ahead of top-tier U.S. data releases.

Bitcoin price has been on a very strong uptrend but a large correction might be possible, offering the opportunity to catch the rally at a better price.

Support at Trend Line and Fibs

In the event of a large pullback, bitcoin price could still draw support around the Fibonacci retracement levels and the rising trend line visible on the 1-hour chart. This is around the $330 level, which also coincides with a short-term area of interest.

bitcoin price, bitcoin trading, bitcoin technical analysis

The 100 SMA is above the 200 SMA, indicating that the long-term climb is set to carry on. However, both stochastic and RSI are reflecting overbought conditions, which means that a selloff is bound to take place sooner or later.

A shallow pullback could lead to a bounce off the 38.2% Fib near $350 then a move back to the previous highs and beyond. Bitcoin price is already nearing the $400 level, which might also serve as a potential take profit point.

Intraday support level – $350

Intraday resistance level – $400

Charts from TradingView

Tweet123Share196ShareSend
newsbtc
newsbtc

newsbtc

Comments 4

  1. Eyes says:
    11 years ago

    hahahahaha. have you met bitcoin? 😉

    Reply
  2. divinci says:
    11 years ago

    Sarah you have been promising a pull back for weeks now. Keep flooging that horse!

    Reply
  3. Skeptical Eye says:
    11 years ago

    I follow the news on Bitcoin and these articles are the most ridiculous things ever. I think the issue is you are trying to apply science/mathematics to a process that is wholly social.

    I value information like; “A wider adoption and use of Bitcoin is pushing the price up” not “I have drawn some lines based on the past price and now the future price may be the same, or actually may be different”

    Reply
  4. Adam Meister says:
    11 years ago

    Chinese trying to get money out of their oppressive country do not care about technical trends.

    Reply

Leave a Reply Cancel reply

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

Comments 4

  1. Eyes says:
    11 years ago

    hahahahaha. have you met bitcoin? 😉

    Reply
  2. divinci says:
    11 years ago

    Sarah you have been promising a pull back for weeks now. Keep flooging that horse!

    Reply
  3. Skeptical Eye says:
    11 years ago

    I follow the news on Bitcoin and these articles are the most ridiculous things ever. I think the issue is you are trying to apply science/mathematics to a process that is wholly social.

    I value information like; “A wider adoption and use of Bitcoin is pushing the price up” not “I have drawn some lines based on the past price and now the future price may be the same, or actually may be different”

    Reply
  4. Adam Meister says:
    11 years ago

    Chinese trying to get money out of their oppressive country do not care about technical trends.

    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 ETFs Snap Outflow Streak While Ether Funds Stay Under Pressure

SEC Opens Comment Period On Cboe 3x Bitcoin And Ethereum ETF Proposal

SEC Opens Comment Period On Cboe 3x Bitcoin And Ethereum ETF Proposal - Read the full analysis.

NewsBTC Editorial Team 1 day ago
TradingView chart referenced in this analysis

Canary Files Fourth Staked TRX ETF Amendment With 1.10% Fee

Canary Files Fourth Staked TRX ETF Amendment With 1.10% Fee - Read the full analysis.

NewsBTC Editorial Team 2 days ago
Ethereum price chart

BTCS Repays $8.2M Aave Debt As Ethereum Balance Sheet Strategy Shifts

BTCS Repays $8.2M Aave Debt As Ethereum Balance Sheet Strategy Shifts - Read the full analysis.

NewsBTC Editorial Team 2 days 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

XRP

Binance Theft Lawsuit Can Proceed In Federal Court, Appeals Panel Rules

NewsBTC Editorial Team 1 day ago
Hester Peirce Farewell Speech Highlights SEC Crypto Rulemaking Divide

SEC Reg Crypto Proposal Starts 60-Day Federal Register Comment Clock

NewsBTC Editorial Team 1 day ago
Ethereum

Hashdex Liquidates DEFI As First US Spot Bitcoin ETF Closure Arrives

NewsBTC Editorial Team 1 day ago

Premium Sponsors

Press Releases

  • BlockDAG

    BlockDAG’s $0.002 Entry Raises Questions About a...

    1 week ago
  • Martin Masser, ChangeNOW’s Director of Strategic Partnerships, holds a branded T-shirt in a graffiti-covered London passage.

    ChangeNOW Brings Martin Masser Into Its Crypto Super App

    2 weeks ago
  • DCODEX Unveils the Next Chapter of Its Global Ecosystem as It Accelerates Toward the Launch of DCX

    Global Venture Firms Make Their Move: Zerra Ventures &amp...

    3 weeks ago
  • CreditBlockchain

    CreditBlockchain cloud mining helps users earn up to 0.078...

    7 months ago
  • モネロが686ドルで史上最高値を更新、時価総額トップ11入り──1月に注目のアルトコインは?

    ...

    7 months ago

Newsletter

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.