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 Technical Analysis for 03/23/2018 – Another Reversal Pattern?

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 Key Highlights

  • Bitcoin price failed to break past the $9,000 level after news of a potential shutdown of Binance in Japan broke out.
  • However, bitcoin price could still form an inverse head and shoulders pattern, which is a potent reversal signal.
  • Technical indicators are showing that bullish momentum could stay in play.

Bitcoin price sold off recently but could form a short-term reversal pattern on its 1-hour time frame and draw more buyers back in.

Technical Indicators Signals

The 100 SMA just crossed above the longer-term 200 SMA to signal that buyers are gaining the upper hand. The 200 SMA is also holding as dynamic support at the moment, but a break lower could lead to another pickup in selling pressure.

Stochastic is pointing down to show that bears have the upper hand while RSI is turning lower as well. Both oscillators are nearing oversold conditions, though, so sellers could still let buyers take over soon.

An area of interest is located around $8,000 and a bounce from here could form the right shoulder of the reversal pattern. Bitcoin price has yet to break past the neckline around $9,200 to confirm a potential uptrend. This should last by around $2,000 or the same height as the chart formation.

Market Factors

Bitcoin price took another hit when it was reported that Japan’s FSA is looking into shutting down Binance in the country for being unable to secure the necessary permits to operate. This revived fears of strict regulation all over the globe, after a bit of reprieve on positive remarks from the G20 Summit.

To add to that, the dollar scored strong gains across the board when risk aversion returned on resurfacing trade war fears. Trump signed a memorandum to impose higher tariffs on Chinese imports that involve intellectual property theft from the U.S.

China has responded that it will not back down from a trade war if it comes to it, so it urged the U.S. to temper its protectionist stance. Further escalation of tensions could mean more losses for riskier assets like bitcoin.

Tweet123Share196ShareSend
newsbtc
newsbtc

newsbtc

Comments 3

  1. alanstrickland says:
    7 years ago

    No where in the article do you mention the head of Binance addressing the issue as FUD and their team being in talks with the Japanese Govt months ago to get everything in order. This was spreading of old news because Bitcoin was on an upswing. To end the article with that last sentence is also such BS. “Escalation of tensions” is exactly when money moves from fiat to bitcoin which people feel is a safer store of value.

    Reply
    • Henry Hriczko says:
      7 years ago

      VG Alan
      Thanks for that. So much BS comes out of the asses. I dig it stand up and tell like it is..

      Reply
  2. alanstrickland says:
    7 years ago

    Also some added info- Binance has been in talks with Malta and will be opening up an offices there the government is very progressive when it comes to crypto and fintech. Binance is also close to reaching it’s goal of launching a decentralized exchange.

    Reply

Leave a Reply Cancel reply

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

Comments 3

  1. alanstrickland says:
    7 years ago

    No where in the article do you mention the head of Binance addressing the issue as FUD and their team being in talks with the Japanese Govt months ago to get everything in order. This was spreading of old news because Bitcoin was on an upswing. To end the article with that last sentence is also such BS. “Escalation of tensions” is exactly when money moves from fiat to bitcoin which people feel is a safer store of value.

    Reply
    • Henry Hriczko says:
      7 years ago

      VG Alan
      Thanks for that. So much BS comes out of the asses. I dig it stand up and tell like it is..

      Reply
  2. alanstrickland says:
    7 years ago

    Also some added info- Binance has been in talks with Malta and will be opening up an offices there the government is very progressive when it comes to crypto and fintech. Binance is also close to reaching it’s goal of launching a decentralized exchange.

    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 Price Coiling Up

Bitcoin Price Coiling Up — Is a Surge Past $110K on Deck?

Bitcoin price started a fresh increase above the $107,500 zone. BTC is now consolidating and might struggle to continue higher...

Aayush Jindal 3 hours ago

Ethereum Liquid Staking Hits New ATH With 35.5 Million ETH Locked – Will Price Follow?

Ethereum (ETH) is up more than 8% over the past 48 hours, climbing from around $2,400 on July 1 to...

Ash Tiwari 3 hours ago
Litecoin Surges Past Descending Resistance – Bulls Target $97.10 Level

Litecoin Surges Past Descending Resistance – Bulls Target $97.10 Level

Litecoin (LTC) is back in the spotlight as bullish momentum sweeps across the crypto market. After months of volatility and...

Sebastian Villafuerte 4 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

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

Christian Encila 1 hour ago
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

rinsuzuki 1 hour ago
Dogecoin

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

Keshav Verma 2 hours 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.