MarketBeat Community Rating for Bitcoin (BTC) MarketBeat's community ratings are surveys of what our community members think about Bitcoin and other cryptocurrencies. Vote "Outperform" if you . Bitcoin charts usually present the progress of the price using Japanese candlesticks. Each candle represents a specific time-frame (depends on the chart) and is showing the open, close, and price range during that time-frame. On top of that, the chart usually contains a variety of technical analysis . A high-level overview of Bitcoin USD (BTC-USD) stock. Stay up to date on the latest stock price, chart, news, analysis, fundamentals, trading and investment tools.
Market analysis btcBTCUSD — Bitcoin Chart and Price — TradingView
The upsloping moving averages and the RSI in the overbought zone suggest that bulls are in control. This level is likely to act as a psychological barrier but if the bulls can drive the price above it, the momentum is likely to pick up and the Bitcoin trading pair could form a blow-off top, which is usually followed by a sharp correction.
If the Bitcoin trading pair rebounds off this level, the bulls will again try to propel the Bitcoin trading to new all-time highs. However, if the day EMA gives way, the pair could dip to the We do not find any reliable setup at the current levels, hence, we are not suggesting a trade in it. However, after the recent leg of the rally, the RSI has risen close to 80, which suggests panic buying among the bulls.
Vertical rallies are not sustainable and they usually result in waterfall declines. Therefore, traders can book partial profits close to the current levels and keep only a small position open with a trailing stop-loss.
We do not believe in chasing prices higher. Hence, traders should book profits and sit on the sidelines and wait for the next opportunity.
Traders who had purchased according to our recommendation are sitting on huge profits within a short period. However, the XRP trading pair soared We believe that the current momentum is not sustainable. The RSI has reached above 92 levels, which shows that the rally is overextended in the short-term. We do not suggest buying again on dips because the moves are likely to be volatile with a high risk.
Traders got that opportunity on November 21 and again on November The upsloping moving averages and the RSI in the overbought territory suggest an advantage to the bulls.
If they find that the bulls are struggling to push the Chainlink trading above it, partial profits can be booked. Unlike other top cryptocurrencies, the Chainlink trading pair has been a slow mover.
This suggests a lack of urgency to buy it. Hence, traders can keep a stop-loss at breakeven to protect their capital in case of any sharp turnaround. We make no promise or guarantee of income or earnings.
Then, Bitcoin price could consolidate for a while before the next major movement. The bullish outlook may be invalidated by a break of the wedge's lower boundary. If buying pressure does not increase, Bitcoin will make a move to refill the gap, as it has happened in the past.
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The cryptocurrency market slipped into a red zone, with all major altcoins nursing significant losses.