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: SOL Strategies: The First Solana Treasury Company Listed On Nasdaq
  • 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: SOL Strategies: The First Solana Treasury Company Listed On Nasdaq

BTC Price Tech Analysis for 04/05/2017 – Testing Nearby Support

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 continues to gain bullish traction even as it tests support of the rising channel on the 1-hour time frame.
  • A bounce off this area could lead to another climb to the resistance at $1180 or higher.
  • A break below the channel support could lead to a larger correction or a potential reversal from the climb.

Bitcoin price could be due for a bounce from this short-term rising channel support as technical indicators suggest more gains.

Technical Indicators Signals

The 100 SMA is safely above the longer-term 200 SMA so the path of least resistance is to the upside. The gap between the moving averages has been steady so there are no signs of a potential crossover or reversal yet. In addition, the 100 SMA is close to the channel support, adding an extra layer of defense for bulls in case bitcoin price spikes down.

Stochastic is on the move up to show that buyers are in control of bitcoin price action and could be strong enough to push for a climb to the resistance. RSI is also heading north so bitcoin price might follow suit. Once both oscillators hit the overbought region and turn lower, selling pressure could pick up.

Market Events

Investors seem to be reestablishing their long bitcoin positions as concerns over the hard fork and potential incompatibilities appear to be subsiding. A consensus has been reached among developers to merge existing versions of the software by July 4, 2017 while some exchanges and nodes have reportedly rejected the newer version.

News that Japan has officially accepted bitcoin as a legal form of payment has also been positive for the cryptocurrency, perhaps setting the stage for other governments or monetary authorities to follow suit. Kim Dotcom’s new bitcoin venture for content uploaders is also renewing investor interest and demand for the digital currency.

Charts from SimpleFX

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

Bitcoin

Bitcoin Bull Run Nears Its Climax: Cycle Peak Indicates 95% Completion

Bitcoin (BTC) has recently reached a new weekly high above the $112,000 mark, signaling a potential new uptrend for the...

Ronaldo Marquez 6 hours ago
WLFI

Expert Predicts WLFI Going To $0 Without Sun’s Support, Panic Selling Looms

The launch of the World Liberty Financial platform’s native token, WLFI, was anticipated as a significant event in the cryptocurrency...

Ronaldo Marquez 9 hours ago
solana-price-prediction-1000-snorter-100x-opportunity-tw

Solana最新價格預測SOL將飆至1000美元 Snorter成下個百倍幣機遇

隨著金融市場數位化進程日益加快,Solana再度搶佔技術與敘事的雙重先機。最新消息指出,Galaxy Digital即將成為首批於Solana鏈上代幣化並可直接交易的SEC註冊股票,象徵著傳統金融正正...

Mark Mak 12 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

Crypto trading markt update: volatiliteit blijft hoog, groeien de zorgen?

Crypto Bull Run: Probability Of Fed Rate Cuts In September Almost At 100%

Scott Matherson 3 hours ago
Altcoin

‘Corporate’ Altcoin Season? Expert Shares How Crypto ETFs, Treasuries Could Change The Market

Rubmar Garcia 4 hours ago
Crypto trading markt update: volatiliteit blijft hoog, groeien de zorgen?

Crypto trading markt update: volatiliteit blijft hoog, groeien de zorgen?

Lars Diederiksen 5 hours ago

Premium Sponsors

Press Releases

  • 50万ドル調達の新興プロジェクトが次の大型ミームコイン候補に浮上

    ...

    12 hours ago
  • イーサリアム売却後に注目される次のアルトコイン投資先4選

    ...

    13 hours ago
  • アルトシーズン前に投資候補となる仮想通貨プレセールの紹介

    ...

    13 hours ago
  • 仮想通貨おすすめ:市場回復期に注目すべき銘柄リスト

    ...

    13 hours ago
  • 今日注目すべき1ドル未満の新しい仮想通貨 ― 9月6日版

    今日注目すべき1ドル未満の新しい仮想通貨...

    14 hours 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.