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 08/17/2017 – Bulls Ain’t Backing Down!

newsbtc
newsbtc
1 year ago
2 mins read
bitcoin

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 bounced off the area of interest around $4000 and could be ready to break past its record highs.
  • An ascending channel is forming on the pair’s 1-hour time frame and price could aim for the resistance at $4500.
  • Technical indicators, however, are showing mixed signals with oscillators hinting at uptrend exhaustion.

Bitcoin price continues to be propped up by strong bullish pressure, possibly setting its sights on new highs.

Technical Indicators Signals

The 100 SMA is above the longer-term 200 SMA so the path of least resistance is to the upside. In addition, the 100 SMA recently held as strong dynamic support and is close to the ascending channel bottom.

Stochastic is turning lower to signal a return in bearish pressure, though, possibly triggering another test of support around $4100. A break below the channel bottom could bring bitcoin price to the 200 SMA dynamic inflection point at $3800 next. RSI is also turning lower to indicate a pickup in selling pressure.

Market Factors

Although bitcoin price was weighed down by some profit-taking on the return in risk appetite recently, dollar weakness came back into play and boosted BTCUSD. The FOMC minutes are being blamed as the main catalyst for the drop since policymakers refrained from setting a date on the balance sheet runoff. A number of officials also reiterated concerns about inflation and how it might be prudent to wait for more data.

Apart from that, the political fallout in Washington after Trump fumbled to respond to the Charlottesville events is also dampening expectations of fiscal reform. Members of his business committee formed to advise him on policy and strategy have quit while there have been talks of top administration officials also looking to resign.

Bitcoin, on the other hand, remains resilient throughout these uncertainties. After all, the cryptocurrency has managed to survive the hard fork without much complications but with the capacity to handle more transactions than usual.

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

Dogecoin price analysis

Chartist Slams Misleading Dogecoin Analysis: ‘Focus On This Instead’

Technical analyst Kevin, better known on X as @Kev_Capital_TA, rekindled debate over Dogecoin’s market structure on Sunday when he urged...

Jake Simmons 2 hours ago
XRP price news

XRP Price Risks Breakdown To Next Support Level, Why $2.28 Is Important

The XRP price has been holding on pretty tightly to its support level above $2.2 and continues to be a...

Scott Matherson 3 hours ago

本月最熱門迷因幣價格反彈:哪些冷門項目有望暴漲100倍?

7月加密貨幣市場迎來動能爆發,比特幣穩站11萬美元大關,再次引發資金大規模輪動,meme幣成為最先受益的資產類別。在這場文化驅動與社群共鳴的漲勢之中,不只是Bonk與Pepe這類明星幣重新走紅,反而是...

Mark Mak 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

Prezzo di Cardano in Rialzo, ADA Tenta la Rottura Oltre i 0,59$

clararosati 7 minutes ago
Ethereum Risks Downside If Resistance Holds: $2,700 Level Is Critical

Ethereum Risks Downside If Resistance Holds: $2,700 Level Is Critical

Sebastian Villafuerte 18 minutes ago

BTC Bull Token tiek palaists šodien – jaunā kriptovalūtas sensācija ar bezmaksas Bitcoin atlīdzībām

lasma 1 hour ago

Premium Sponsors

Press Releases

  • mining

    W·Mining integrates innovation and launches a new...

    3 minutes ago
  • MEXC Golden Era Showdown Concludes with Record 4M USDT...

    16 minutes ago
  • MEXC Releases Bimonthly Transparency Report: $559 Million...

    2 hours ago
  • Make $8,000 a day in stable passive income easily –...

    18 hours ago
  • SunnyMining——A passive income tool that allows ordinary...

    19 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.