Bitcoin appears to be heading toward an ascending consolidation channel that dates back to 2012 and currently ranges in price between roughly $4,000 and $6,800. Would a break below $6,800 signal a longer consolidation period?
The 4H log-scale chart shows that in April the heavy resistance that has been weighing on the market since December will be meeting up with support that’s been in place since this time last year. This is an opportunity for bitcoin to finally break out of this downward resistance and move on to new heights. Before this happens, however, I predict that, at some...
After breaking out of the descending resistance that weighed heavy throughout January and the first half of February, Neblio has found some stability with strong support above $12.42. Once the rest of the market begins a fresh spring ascent this coin looks geared to follow.
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On the weekly log-scale BTCUSD chart, Bitcoin appears to be trading in an ascending channel within an ascending channel that dates back to 2012 when Bitcoin was trading for under $10. If history repeats itself, as it often does, Bitcoin’s price may find itself in the hundreds of thousands before settling in under $100K by the end of 2020.
This is a great time to...
XRP is approaching a long-term support that was established this time last year. I anticipate a continuation of the gusty upward bounces we've seen today in the coming days and weeks ahead as price movements continue within rising channel.
Any thoughts?
