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: BNB Reaches New All-Time High Of $956 As Binance Nears Deal With US DOJ
  • 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: BNB Reaches New All-Time High Of $956 As Binance Nears Deal With US DOJ

Bitcoin Price Analysis for 11/10/2016 – Bulls Ready to Charge Again?

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 is trending higher on its 1-hour time frame, moving inside an ascending channel pattern.
  • Price just bounced off the resistance and is making its way back towards support.
  • Technical indicators are suggesting that the uptrend could carry on, possibly leading to another test of the channel resistance.

Bitcoin price is settling inside a new rising channel on its 1-hour time frame and might be due for a test of support soon.

Technical Indicators Signals

The 100 SMA is below the longer-term 200 SMA for now so the path of least resistance is to the downside. However, the gap between the moving averages is narrowing so an upward crossover could happen. In that case, bullish pressure could return and allow the climb to resume. After all, these moving averages coincide with the channel support around $710-715, adding to its strength as a floor.

Stochastic is making its way out of the oversold area to indicate a return in buying pressure as well. The oscillator has a long way to go before reaching overbought levels so there’s plenty of room for bitcoin price to rise, possibly even going for a break past the channel resistance at $740.

In addition, a bullish divergence can be seen since stochastic made lower lows while price had higher lows since November 8. The channel support lines up with an area of interest above $705, which previously held as resistance.

Bitcoin Price Technical Analysis for 11/10/2016 - Bulls Ready to Charge Again?

Market Events

The outcome of the US elections didn’t have much of an impact on bitcoin price volatility as ranges remained intact and no sharp spikes were seen, unlike in other financial markets. There is still a lot of uncertainty associated with new president Donald Trump but traders seem to be giving him the benefit of the doubt for now, which is supporting the US dollar against bitcoin in the process.

Still, investors are expected to scurry back to bitcoin the moment risks arise, particularly when Trump gives another display of his brash rhetoric and flip-flopping economic plans. In this case, traders could seek higher returns on bitcoin than in stock markets.

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

best-csgo-betting-sites-2025-review-cs2-gaming-tw

CSGO曾經是一個局域網的傳奇,是一群人在煙霧與槍火中交換青春的場景;如今它已轉世為CS2,在串流與數據之間,成為一個全球投注場的核心舞台。從2023年CS2上線以來,這個新版本不僅取代了舊作,也重新...

Peter Chow 3 hours ago
Bitcoin Price Back at Resistance

Bitcoin Price Back at Resistance – Fed Meeting Could Trigger Big Move

Bitcoin price is moving higher above $116,200. BTC is now consolidating and might gain bullish momentum if it clears the...

Aayush Jindal 3 hours ago
how to trade bitcoin fomc news

How To Trade Bitcoin Into September FOMC, Top Analyst Reveals

With the Federal Reserve set to announce policy on Wednesday, September 17, a closely followed trader has laid out a...

Jake Simmons 3 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) Holds Recent Gains

Solana (SOL) Holds Recent Gains – Key Levels Before Another Surge

Aayush Jindal 12 minutes ago
XRP Price Reclaims $3

XRP Price Reclaims $3 – Bulls Struggle to Build on Gains

Aayush Jindal 1 hour ago
Ethereum Price Need Breakout

Ethereum Price Need Breakout – Key Hurdles Before Rally Can Continue

Aayush Jindal 2 hours ago

Premium Sponsors

Press Releases

  • Najbolji altcoini za kupnju dok Solana cijena doseže povijesni vrhunac

    Najbolji altcoini za kupnju dok Solana cijena doseže...

    16 minutes ago
  • 3 niskokapitalizirana altcoina koja bilježe snažnu akumulaciju dok se sezona altcoina zahuktava

    3 niskokapitalizirana altcoina koja bilježe snažnu...

    32 minutes ago
  • Trh s kryptoměnami se zahřívá: Bitcoin Hyper (HYPER), Wall Street Pepe (WEPE), Maxi Doge (MAXI) a PepeNode ve hře

    Trh s kryptoměnami se zahřívá: Bitcoin Hyper (HYPER)...

    7 hours ago
  • 3 nízko-kapitálové altcoiny, které zažívají masivní akumulaci během altcoin sezóny

    3 nízko-kapitálové altcoiny, které zažívají masivní...

    7 hours ago
  • A legjobb altcoinok, amiket érdemes megvenni, ahogy a Solana ára megközelíti történelmi csúcsát

    A legjobb altcoinok, amiket érdemes megvenni, ahogy a...

    8 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.