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: Bitcoin Hits ATH Of $112,000, Expert Predicts Rally Is Just Beginning
  • 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: Bitcoin Hits ATH Of $112,000, Expert Predicts Rally Is Just Beginning

Bitcoin Price Technical Analysis for 03/27/2018 – Bears Take the Upper Hand

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 is back to testing the symmetrical triangle bottom on its 4-hour time frame.
  • Increased selling pressure could take it below support and on a continuous selloff.
  • The Fibonacci extension levels show the nearby support areas where sellers could book some profits.

Bitcoin price is back in selloff mode as it tests the triangle support to determine whether further consolidation or a downtrend is underway.

Technical Indicators Signals

The 100 SMA is below the longer-term 200 SMA to signal that the path of least resistance is to the downside. This means that support is more likely to break than to hold. The short-term moving average also recently held as dynamic resistance as well.

Bitcoin price looks ready to test the 38.2% extension at the swing low around $7540 or the 50% extension at $7027. Stronger selling pressure could take it down to the 61.8% extension at $6516 or the 76.4% level at $5882. The full extension is located at $4859.

Stochastic is indicating oversold conditions and is starting to turn higher, though, so there’s still a chance that bullish pressure could return. RSI has some room to fall before hitting oversold levels so there may be some selling momentum left.

Note that the triangle spans $6,000 to $13,000 so the resulting downtrend could be of the same height. If support holds, a bounce back up to the resistance around $10,000 could be seen.

Market Factors

Twitter also announced that it would ban cryptocurrency ads on its platform, following in the footsteps of Facebook and Google. This could dampen investor interest and volumes, which led several traders to liquidate positions in anticipation of low volatility.

Prior this, the mood in the industry has already been pretty somber since Japan has announced plans to shut down Binance in the country and South Korea echoed the same sentiments. Combined, this would mean lower volumes worldwide as both countries account for majority of bitcoin transactions.

Tweet123Share196ShareSend
newsbtc
newsbtc

newsbtc

Comments 5

  1. Keith Pierce says:
    7 years ago

    So, this author seriously needs to do better reporting and stop being a part of the problem by spreading FUD in the mainstream media. Nowhere was it ever said that Japan would be shutting down Binance. They were issued a warning, and so Binance will be moving to Malta. Why doesn’t she report that good news? Malta’s a pro Blockchain country and so Binance will be able to operate fine. Also, South Korea’s becoming more lax over crypto. If you do a very simple Google search with the terms Bitcoin South Korea, there are several positive articles about SK’s greater acceptance of this space. Journalists like those who wrote this article and throughout the industry need to stop writing such sensationalistic articles it’s ridiculous. I mean you’re all turning into Fox News with your manipulative agendas so seriously, cut it the fuck out.

    Reply
    • red says:
      7 years ago

      So Let’s not talk about the real problems! lets hide it! Al is fine! Malta is a fine place place to be but it’s not JAPAN! It´s a downgrade! And soon EU will crackdown on Cripto too! and then what! South America! Maybe Venezuela! Be real!

      Reply
    • Slam Blambacid says:
      7 years ago

      You are clueless if you think the price of Bitcoin is driven by news. If you are an investor, realize you won´t see 20k for a long long time. If you are a trader,…traders profit form both bull and bear markets.

      Reply
      • Keith Pierce says:
        7 years ago

        What are you talking about? So the herd isn’t influenced by news, especially at a time when regulation is causing people to panic, and Google, Facebook, and Twitter are banning crypto ads? Everyone’s on edge. The price isn’t influenced exclusively by FUD, but it sure hasn’t helped. I don’t think it’s a coincidence at all that in February you had one bad news line after another that basically drove the market to a capitulation price of 6k, then mysteriously the articles stopped for a time to allow the price to rise. Same thing’s happening again. Manipulation of the herd at its finest. On the other hand, of course in unregulated markets you have manipulation by whales, but that’s not the only piece of the price puzzle.

        Reply
  2. Slam Blambacid says:
    7 years ago

    I think it’s an ascending triangle or simply a bear flag. In he upside you don’t have a trend (you are violating the Mar-5 high). You have an horizontal resistance in $11700. It should hit and bounce in $7500 but still with low volume so it will not give us a consistent bottom.

    Reply

Leave a Reply Cancel reply

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

Comments 5

  1. Keith Pierce says:
    7 years ago

    So, this author seriously needs to do better reporting and stop being a part of the problem by spreading FUD in the mainstream media. Nowhere was it ever said that Japan would be shutting down Binance. They were issued a warning, and so Binance will be moving to Malta. Why doesn’t she report that good news? Malta’s a pro Blockchain country and so Binance will be able to operate fine. Also, South Korea’s becoming more lax over crypto. If you do a very simple Google search with the terms Bitcoin South Korea, there are several positive articles about SK’s greater acceptance of this space. Journalists like those who wrote this article and throughout the industry need to stop writing such sensationalistic articles it’s ridiculous. I mean you’re all turning into Fox News with your manipulative agendas so seriously, cut it the fuck out.

    Reply
    • red says:
      7 years ago

      So Let’s not talk about the real problems! lets hide it! Al is fine! Malta is a fine place place to be but it’s not JAPAN! It´s a downgrade! And soon EU will crackdown on Cripto too! and then what! South America! Maybe Venezuela! Be real!

      Reply
    • Slam Blambacid says:
      7 years ago

      You are clueless if you think the price of Bitcoin is driven by news. If you are an investor, realize you won´t see 20k for a long long time. If you are a trader,…traders profit form both bull and bear markets.

      Reply
      • Keith Pierce says:
        7 years ago

        What are you talking about? So the herd isn’t influenced by news, especially at a time when regulation is causing people to panic, and Google, Facebook, and Twitter are banning crypto ads? Everyone’s on edge. The price isn’t influenced exclusively by FUD, but it sure hasn’t helped. I don’t think it’s a coincidence at all that in February you had one bad news line after another that basically drove the market to a capitulation price of 6k, then mysteriously the articles stopped for a time to allow the price to rise. Same thing’s happening again. Manipulation of the herd at its finest. On the other hand, of course in unregulated markets you have manipulation by whales, but that’s not the only piece of the price puzzle.

        Reply
  2. Slam Blambacid says:
    7 years ago

    I think it’s an ascending triangle or simply a bear flag. In he upside you don’t have a trend (you are violating the Mar-5 high). You have an horizontal resistance in $11700. It should hit and bounce in $7500 but still with low volume so it will not give us a consistent bottom.

    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

Cardano price news

Cardano Flashes Major Buy Signal—$1.90 Target Unleashed

Crypto analyst Investing Broz has spotlighted Cardano (ADA) as one of the most promising altcoins currently breaking out amid a...

Jake Simmons 3 hours ago
Bitcoin

Delay In Bull Market Could Push Bitcoin Higher Than Expected

The bull market may be taking longer than expected to kick into its final gear, but the Bitcoin price structure...

Sandra White 4 hours ago
Bitcoin

$122,000 And Climbing: Bitcoin Sets New Record As ETFs Drive Demand

Bitcoin rose above the $122,000 mark on Monday. According to data from CoinGecko, prices briefly topped that level before pulling...

Christian Encila 6 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

比特幣突破12萬美元上望20萬 值得關注5種可能突然上漲100倍山寨幣

Mark Mak 27 minutes ago

加密周引爆比特幣與山寨幣牛市狂潮 TOKEN6900強勢飆升中!

estherw 1 hour ago
Bitcoin

Bitcoin Is Not Stopping At $123,000 — Technical Indicators Point To $140,000 Top

Scott Matherson 2 hours ago

Premium Sponsors

Press Releases

  • How XRP Users Can Make $1 Million from $100 in No Time at...

    28 minutes ago
  • Aceste 3 monede sub 5 lei ar putea transforma o investiție de 1.000 RON în 10 milioane RON până în 2027

    2 достъпни криптовалути с...

    5 hours ago
  • Aceste 3 monede sub 5 lei ar putea transforma o investiție de 1.000 RON în 10 milioane RON până în 2027

    2 megfizethető kriptó 9000%-os potenciállal, olyan...

    6 hours ago
  • 2 cenovo dostupné kryptomeny s potenciálom 9 000 %, podobne ako kúpa Etherea za 8 dolárov začiatkom roku 2017

    2 cenovo dostupné kryptomeny s potenciálom 9 000 %...

    7 hours ago
  • Bitcoin Hyper

    ...

    11 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.