|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Cryptocurrency News Articles
Analysts Spot Bitcoin’s Bullish Trend With an Inverted HNS Pattern
Jan 29, 2024 at 04:37 pm
- Analysts spot potential bullish trend for Bitcoin with an inverted HNS pattern forming on the 4-hour chart.
- Bitcoin's market is balanced with a 4-hour RSI at 60.35, within Bollinger Bands' support and resistance.
- The 4-hour MACD indicates Bitcoin’s bullish momentum, highlighting key trading levels.
Recently, Bitcoin has been exhibiting noteworthy movements on the 4-hour chart. As per CryptoBusy, an analytic platform, speculation around forming an inverted Head and Shoulders (HNS) pattern signals an upcoming bullish trend. Alternatively, another drop could establish a double bottom, suggesting the potential for a rebound.
The Relative Strength Index (RSI) hints at a descending trend, possibly foreshadowing a Bitcoin value dip. Despite these challenges, the currency's technical outlook remains modestly optimistic for the medium to long term.
Bitcoin is priced at $42,155.10, with trading volumes reaching $15 billion in the past 24 hours. Despite a slight 0.75% decrease recently, the 4-hour RSI at 60.35 suggests a balanced market without clear signs of overbuying or overselling.
Read full article at CryptoTale.
Disclaimer:info@kdj.com
The information provided is not trading advice. kdj.com does not assume any responsibility for any investments made based on the information provided in this article. Cryptocurrencies are highly volatile and it is highly recommended that you invest with caution after thorough research！
If you believe that the content used on this website infringes your copyright, please contact us immediately (info@kdj.com) and we will delete it promptly.
-
-
- Mark Uyeda Details His Crypto-Friendly Aspirations and Goals as a Potential SEC Chairman Pick Under President-elect Donald Trump
- Nov 23, 2024 at 07:30 pm
- SEC Commissioner and a potential pick for SEC chairman under President-elect Donald Trump, Mark Uyeda, has detailed his aspirations and goals for the crypto industry. With Donald Trump yet to make his pick for the position, Uyeda outlined the agency's likely approach under him in 2025.
-
-
-
- North Idaho STEM Charter Academy National Honor Society Students Break Record with Coin Drive
- Nov 23, 2024 at 06:25 pm
- RATHDRUM — North Idaho STEM Charter Academy National Honor Society students broke their own record with this year's coin drive, raising $6,830.78 in one week for the nonprofit Safe Passage.
-
-
- Which old pennies are worth a fortune? TikTok user unveils 11 rare coins that could make you rich
- Nov 23, 2024 at 06:25 pm
- Certain rare coins can be worth a lot of money and in some cases could sell for thousands. Since the past few months, rare coins have been hot topic and it's not hard to see why.
-
- Kickstart Your Crypto Portfolio with XYZ: The All-Sports Meme Token
- Nov 23, 2024 at 06:25 pm
- If you're new to crypto and looking for a high-potential investment, XYZ is the ultimate playmaker. As the first sports-driven meme coin, XYZ combines the energy of sports fandom with the booming crypto prediction market.
-
