journalistic standards and abides by a strict set of editorial policies. Although the market seems to be continuing its drift to new lows with greater and greater ease, there are a couple of bullish signals worth considering while the market continues to consolidate: Figure 1: BTC-USD, Daily Candles, New Market LowOn Friday, June 29, 2018, for the. The post Bitcoin Grinds Higher, But BTC Faces Critical Hurdle as it Nears Key Resistance Level appeared first on NewsBTC. The 5-day moving average (MA) and the 10-day MA are trending northwards, indicating a short-term bullish setup, while the 50-day MA continues to slope downwards in favor of the bears. Bitcoin has recently hit weekly highs after a quick bounce off a 5,800 low, BitMEXs CEO calls for further moves upwards. NinjaTrader is equipped with nearly 100 free indicators to aid in your technical analysis of the markets.
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The first key Bitcoin resistance level was breached! Last week, bitcoin skidded to its lowest level since November under 6,000, which traders attributed to CME futures contracts expiring and overall lackluster interest from new buyers. The worlds largest and first cryptocurrency has struggled from that lack of enthusiasm, and prices have dropped 52 percent since January, according to CoinDesk. Stoch is in the go zone currently Supply will dictate the move as always. Bitcoin remains rather flat, still trying to break through the interim resistance at 4,000. 17 high and Jan.
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