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: Coinbase Confirms DOJ Investigation Following Major Security Incident
  • 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: Coinbase Confirms DOJ Investigation Following Major Security Incident

Bitcoin Price Analysis for 04/15/2016 – Daily Triangle Holding

newsbtc
newsbtc
1 year ago
2 mins read
Bitcoin Price Technical Analysis for 04/15/2016 - Daily Triangle Holding

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 is trending higher on short-term time frames but is still stuck in a consolidation pattern on the longer-term charts.
  • Price is making its way back to the triangle resistance around $425.
  • Technical indicators are giving mixed signals at the moment so consolidation might simply carry on.

Bitcoin price is moving inside a symmetrical triangle pattern with its lower highs and higher lows on the daily time frame.

Technical Indicators Signals

The 100 SMA is above the longer-term 200 SMA so the path of least resistance is still to the upside, suggesting that a break above the triangle top could be possible. However, the gap between these moving averages is narrowing, indicating a possible downward crossover.

Meanwhile, stochastic is indicating overbought conditions so buyers are already feeling exhausted from propping bitcoin price up. Once the oscillator turns down from the 80.0 level and starts heading further south, bitcoin price might follow suit.

RSI is still treading higher so there may be some buying pressure left. However, this indicator is also nearing the overbought levels so a return in selling momentum could take place sooner or later.

Bitcoin Price Technical Analysis for 04/15/2016 - Daily Triangle Holding

Market Events

The uncertainty in the financial markets is keeping bitcoin investors cautious these days, as there are several factors in play.

First there’s the upcoming Doha meeting on crude oil output which might have large-scale repercussions on commodity prices and global inflation. Next there’s the possibility of a Brexit and the looming Greek debt deadline, both of which could pose risks to growth and stability in Europe. Also, global growth concerns are still present with Chinese top-tier data due, Asian central banks shifting to an easing bias, and US data coming in weak.

In particular, retail sales, PPI, and CPI reports from the US all came in weaker than expected, which explains the slowing demand for dollars against bitcoin. If this phenomenon persists, bitcoin price could have a shot at breaking past the triangle resistance and resuming its climb to the previous year highs near $500 eventually.

Charts from Bitstamp, courtesy of TradingView

Tweet123Share196ShareSend
newsbtc
newsbtc

newsbtc

Leave a Reply Cancel reply

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

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

青色のプレゼントボックスの上にあるBTC

Bitunixボーナスキャンペーン開催中|最大710ドルの獲得手順

世界中のトレーダーに選ばれている暗号資産(仮想通貨)取引所 Bitunix が、新規ユーザー向けに最大710 USDT相当が獲得できる特別キャンペーンを実施しています。 期間は2025年3月18日から...

rinsuzuki 1 hour ago
Ethereum Price Gathers Strength

Ethereum Price Gathers Strength — Bulls Prepare for Upside Extension

Ethereum price started a fresh increase above the $2,450 zone. ETH is now back above $2,550 and might soon aim...

Aayush Jindal 2 hours ago
Dogecoin

Dogecoin Bounces Back With 8% Gain—Is $0.26 In Sight?

Dogecoin has observed a rebound from the support line of a Parallel Channel. Here’s where the next target could lie,...

Keshav Verma 2 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

Solana (SOL) Hints at Bearish Shift

Solana (SOL) Cools After Recovery — Resistance Proving Difficult to Crack

Aayush Jindal 50 minutes ago
XRP Price Recovery Fades

XRP Price Prepares for Possible Bounce — Support Levels In Focus

Aayush Jindal 1 hour ago

Under Stress: Tron Revenue Drops As Nearly $190M Flows Out

Christian Encila 1 hour ago

Premium Sponsors

Press Releases

  • Top kryptoměna ke koupi dříve, než vzroste o 2 200 %, podle Cathie Wood

    Top kryptoměna ke koupi dříve, než vzroste o 2 200 %...

    7 hours ago
  • The smartest way to make money in 2025: Invest in cloud...

    14 hours ago
  • Od Bitcoinu k BTC Bull: Kde leží skutečný potenciál?

    ...

    14 hours ago
  • Bitcoin vs. Gold: Which Is the Best Investment In 2025?

    14 hours ago
  • Profit of $5,735, senior trader uses Ripple (XRP) to open...

    14 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.