Bitcoin Price Going Up as Markets Rebound From Holiday Slump

Bitcoin Price Going Up as Markets Rebound From Holiday Slump 1

Bitcoin Price Going Up as Markets Rebound From Holiday Slump

Bitcoin Price Going Up as Markets Rebound From Holiday Slump 2

The bitcoin price is showing some strength after a weak holiday season.

Although for the first time in a few years the bottom was higher than previous years. Now we’re heading into the new year we’re seeing the markets rise  into the $8,000 to $12k range as predicted. Let’s look at the data.

Bitcoin Price Technical Analysis

Long-Term Analysis

Every kind of signal appeared in the chart, and many different external factors are stimulating the general will, so prices finally turned from going sideways at the same $7,000 level to try to overcome a strong distribution area analyzed between $8,000 and $12,000. According to Mass Psychological Analysis, a Hope phase is still active but could change into Optimism if $8,000 becomes a new axis level to allow values to go lateral until this new scenario gains confidence from different players. If quotes drop down back to $7,000 and keep going lateral there, walking away from the rounded bottom curve, they could lose strength and fall to the next support calculated near $6,000.

Mid-Term Analysis

A bearish channel with plenty of volatility and technical signals keeps reflecting a delayed bullish scenario, now confirmed for the moment. Quotes could challenge the resistance evaluated at $8,000, but many mathematical indicators have covered more than half the way to their top limits during the lateral movement, and quotes can’t get enough stamina to go higher, so quotes could stay at the current level until technical indicators swing down to their bottom and come back to prices across the distribution area to drive the action near $10,000. Every rise attempt would face a hard distribution activity which harms the trend’s strength, favoring a bearish correction or a lateral market if Bullish Consensus increases from News and external factors.

Short-Term Analysis

A second Fibonacci Fan Line was activated and prices finally reacted. The third one is about to be reached by quotes now through a little Flag formation which, if it confirms, would take prices near $10,000. Japanese Candlestick fairy examples are still favoring demand soldiers to clash with the Crows by crossing the Bollinger Bands’ center line at $7,000, and the top range at $8,000 according the same criteria, which coincides with the lower bound of the imaginary battlefield settled between $8,000 and $12,000, controlled by distributors & sellers represented by crows. If this action consolidates, demand could prevail while a lateral market waits on mathematical indicators’ synchronicity, and an upward movement would lead the activity to higher levels.

If you find Ramiro’s analyses interesting or helpful, you can find out more about how he comes to his conclusions by checking out his primer book, the Manual de Análisis Técnico Aplicado a los Mercados Bursátiles. The text covers the whole range of technical analysis concepts, from introductory to advanced and everything in between.

Article Produced By
Ramiro Burgos

Ramiro is a technical analyst specializing in stocks, futures, options and Bitcoin. He provides weekly analysis on the bitcoin price for Bitsonline. Based in Buenos Aires, Argentina, Ramiro has worked in the financial industry since 1987, with his technical analyses appearing in local and global news publications.

$100 Signup Bonus, plus earn up to $200 daily. If you sign up today, you also get 500 mhv Coins for FREE, and a well over $2,000/Month worth Income and Wealth Building System, all 100% FREE. Get Details here:

This Post Has 57 Comments

  1. Kiacooxy

    [url=]buy singulair[/url]

  2. Kiacooxy

    [url=]lipitor 40mg tab[/url]

  3. Kimcooxy

    [url=]price of doxycycline[/url]

  4. Kiacooxy

    [url=]buy baclofen[/url]

  5. Janecooxy

    [url=]buy accutane[/url]

  6. Marycooxy

    [url=]generic celebrex 200mg[/url] [url=]doxycycline online[/url] [url=]wellbutrin buy[/url] [url=]silagra 100 mg[/url] [url=]levitra 20 mg[/url] [url=]furosemide medication[/url] [url=]buy cheap kamagra india[/url] [url=]buy cymbalta[/url] [url=]dapoxetine over the counter[/url] [url=]avana top[/url]

  7. Kiacooxy

    [url=]buy finpecia[/url]

  8. Boocooxy

    [url=]priligy 30mg[/url] [url=]buy tadalafil[/url] [url=]erythromycin gel generic[/url] [url=]vermox over the counter[/url] [url=]ventolin hfa inhaler[/url] [url=]valtrex 1000 mg[/url] [url=]chloroquine sulphate[/url] [url=]lipitor pill[/url]

  9. Carlcooxy

    [url=]buy real sildenafil online with paypal from india[/url] [url=]diflucan buy nz[/url] [url=]cytotec online canada[/url] [url=]disulfiram cost in india[/url] [url=]viagraonlineusa[/url]

  10. Janecooxy

    [url=]albenza 200 mg cost[/url]

  11. Marycooxy

    [url=]where to buy accutane usa[/url] [url=]hydroxychloroquine 0.5[/url] [url=]buy tadalafil uk[/url] [url=]cheap vardenafil tablets[/url] [url=]cipro 250 mg cost[/url] [url=]buy priligy nz[/url] [url=]online levitra purchase[/url] [url=]clonidine 0.1 mg oral tablets online orde[/url] [url=]triamterene-hctz 75-50[/url] [url=]furosemide 20 mg[/url]

  12. Miacooxy

    [url=]price of cymbalta in india[/url] [url=]lasix 20 mg tablet[/url] [url=]baclofen 10 mg over the counter[/url] [url=]buy zoloft online cheap[/url] [url=]augmentin 1000 mg tablet price in india[/url]

  13. Kimcooxy

    [url=]buy tretinoin gel australia[/url]

  14. Dencooxy

    [url=]arimidex buy no prescription[/url] [url=]disulfiram price[/url] [url=]buy avana 100 mg[/url] [url=]propranolol 10 mg canada[/url] [url=]buy finpecia[/url]

  15. Carlcooxy

    [url=]toradol mexico[/url] [url=]buy medrol online[/url] [url=]zofran 200 mg[/url] [url=]60 mg tadalafil[/url] [url=]pharmacy prices for strattera[/url]

  16. Markcooxy

    [url=]bactrim buy australia[/url] [url=]generic antabuse cost[/url]

  17. Paulcooxy

    [url=]how much is acyclovir cream[/url] [url=]tadalafil 10[/url] [url=]trazodone discount[/url] [url=]buy estrace[/url] [url=]flagyl tablets[/url]

  18. Jimcooxy

    [url=]where to buy tadalafil in singapore[/url] [url=]coupon advair 2019[/url] [url=]plavix 75 price in india[/url] [url=]buy antabuse online[/url] [url=]flagyl 250mg[/url] [url=]sildenafil 50mg prices[/url] [url=]where to get zoloft[/url]

  19. Kimcooxy

    [url=]anafranil 10 mg[/url]

  20. Carlcooxy

    [url=]buy propecia 1mg[/url] [url=]buy malegra 100 mg[/url] [url=]cost of albenza medication[/url] [url=]cleocin 2 cream[/url] [url=]lipitor canada[/url]

  21. Paulcooxy

    [url=]where can i buy albendazole[/url] [url=]buy levitra 24[/url] [url=]singulair steroid[/url] [url=]baclofen cost canada[/url] [url=]atenolol[/url]

  22. Lisacooxy

    [url=]otc acyclovir tablets[/url]

  23. Dencooxy

    [url=]abilify online[/url] [url=]where to get viagra prescription[/url] [url=]chloroquine cost[/url] [url=]antabuse 500 mg[/url] [url=]buy inderal online[/url]

  24. Jackcooxy

    [url=]buy chloroquine online india[/url] [url=]50 mg viagra[/url] [url=]how to get metformin without prescription[/url]

  25. Jimcooxy

    [url=]cipro in mexico[/url] [url=]hydroxychloroquine order online[/url] [url=]buy advair diskus cheap[/url] [url=]cheapest price for tadalafil[/url] [url=]buy amoxicillin over the counter[/url] [url=]vardenafil paypal[/url]

  26. Annacooxy

    [url=]generic viagra prescription[/url] [url=]where to buy dapoxetine in india[/url] [url=]albendazole 400 medicine[/url] [url=]priligy australia cost[/url] [url=]buy bactrim over the counter[/url] [url=]tizanidine[/url] [url=]albendazole cost in india[/url]

  27. Jackcooxy

    [url=]cytotec medicine where to buy[/url] [url=]ciprofloxacin cream[/url] [url=]prescription atenolol 100[/url] [url=]ciprofloxacin generic price[/url] [url=]bactrim 960 mg[/url] [url=]buy albendazole tablets uk[/url]

  28. Jasoncooxy

    [url=]erythromycin 50 mg[/url] [url=]100mg sildenafil price[/url] [url=]advair mexico pharmacy[/url] [url=]buy generic valtrex without a prescription[/url] [url=]dapoxetine pharmacy[/url] [url=]strattera 10 mg coupon[/url] [url=]baclofen pills[/url] [url=]plaquenil 20 mg[/url] [url=]sildenafil gel uk[/url] [url=]flagyl 400mg tablets[/url]

  29. Wimcooxy

    [url=]seroquel 200 mg tab[/url]

  30. Janecooxy

    [url=]cephalexin 500 mg cap[/url]

  31. Jasoncooxy

    [url=][/url] [url=]levitra super active[/url] [url=]buy sildenafil no prescription[/url] [url=]buy cialis[/url] [url=]zoloft prescription[/url] [url=]paroxetine 37.5 mg tablet[/url] [url=]buy citalopram 40 mg online[/url] [url=]canadian online pharmacy viagra[/url] [url=]nexium 20 india[/url] [url=]can you buy motrin 600 over the counter[/url]

  32. Kiacooxy

    [url=]levitra 2019 coupon[/url]

  33. Dencooxy

    [url=]quineprox 80 mg[/url] [url=]buy tadalis online[/url] [url=]best price on levitra[/url] [url=]genuine viagra[/url] [url=]cymbalta coupon[/url]

  34. Joecooxy

    [url=]aralen cvs[/url] [url=]cialis for sale in usa[/url] [url=]cialis online fast[/url] [url=]best price for levitra 20 mg[/url] [url=]viagra coupon[/url]

  35. Lisacooxy

    [url=]mestinon orthostatic hypotension[/url]

  36. Kimcooxy

    [url=]augmentin online buy[/url]

  37. Jimcooxy

    [url=]us generic cialis[/url] [url=]citalopram generic cost[/url] [url=]micardis 80 12.5 mg[/url] [url=]advair 500 50 mg[/url] [url=]can i buy priligy over the counter[/url] [url=]clomid buy online cheap uk[/url]

  38. Joecooxy

    [url=]can you safely buy viagra online[/url] [url=]xeloda chemotherapy[/url] [url=]buy zithromax without prescription online[/url] [url=]clonidine 30 mg[/url] [url=]eulexin drug[/url] [url=]fincar 5mg tablet[/url]

  39. Dencooxy

    [url=]clonidine adhd[/url] [url=]cost benadryl[/url] [url=]viagra gel uk[/url] [url=]buy cialis online canada paypal[/url] [url=]robaxin over the counter usa[/url]

  40. Jimcooxy

    [url=]provera 5[/url] [url=]viagra 6800mg[/url] [url=]buy nizoral cream canada[/url] [url=]cialis super active 20mg[/url] [url=]digoxin 125[/url] [url=]medrol 4 mg[/url] [url=]proscar finasteride[/url]

  41. Jackcooxy

    [url=]malegra 100 cheap[/url] [url=]buy sildenafil generic online[/url] [url=]cipla viagra[/url]

  42. Jasoncooxy

    [url=]arechin[/url] [url=]generic zestoretic[/url] [url=]viagra usa prescription[/url] [url=]order viagra professional[/url] [url=]ditropan drug[/url] [url=]can you buy zofran over the counter in mexico[/url] [url=]where can i buy flomax over the counter[/url] [url=]plaquenil for lupus[/url] [url=]online cialis prescription canada[/url] [url=]isoptin 180 mg[/url]

  43. Lisacooxy

    [url=]trusted online pharmacy[/url]

  44. Joecooxy

    [url=]150 mg viagra[/url] [url=]buy sildenafil tablets[/url] [url=]sildenafil 20 mg buy online[/url]

  45. Jimcooxy

    [url=]cialis 5mg uk[/url] [url=]avapro buy[/url] [url=]viagra 25[/url] [url=]quineprox 75mg[/url] [url=]plaquenil cost[/url] [url=]buy rumalaya[/url] [url=]pyridium for ic[/url] [url=]torsemide tablet[/url]

  46. Jimcooxy

    [url=]viagra 100mg tablet buy online[/url] [url=]dexamethasone cost canada[/url] [url=]crestor 40 pill[/url] [url=]generic viagra for sale uk[/url] [url=]007 viagra[/url] [url=]generic drug for viagra[/url] [url=]how much is plaquenil pill[/url]

  47. Paulcooxy

    [url=]stromectol for humans[/url] [url=]fml 0.1[/url] [url=]stromectol australia[/url] [url=]brand cialis for sale[/url] [url=]buy female viagra online[/url]

  48. Jackcooxy

    [url=]where can i buy plaquenil[/url] [url=]list of online pharmacies[/url] [url=]generic chewable cialis[/url] [url=]sildenafil prescription discount[/url] [url=]sildenafil buy usa[/url]

  49. Kimcooxy

    [url=]buy plaquenil online[/url]

  50. Evacooxy

    [url=]viagra 25 mg tablet price[/url]

  51. Janecooxy

    [url=]prazosin capsules[/url]

  52. Carlcooxy

    [url=]order cialis online in canada[/url] [url=]hydroxychloroquine sulfate generic[/url] [url=]plaquenil hydroxychloroquine cost[/url] [url=]levitra mexico[/url] [url=]viagra by mail[/url]

  53. Carlcooxy

    [url=]viagra generic canada[/url] [url=]buy zithromax online usa[/url] [url=]amoxicillin price in india[/url] [url=]prednisolone 5mg tablets price[/url] [url=]viagra order online india[/url]

  54. Jasoncooxy

    [url=]lyrica online pharmacy[/url] [url=]generic cialis medication[/url] [url=]generic propecia online pharmacy[/url] [url=]plaquenil for fibromyalgia[/url] [url=]order stromectol online[/url] [url=]lexapro no prescription[/url] [url=]ivermectin 0.5 lotion india[/url] [url=]doxycycline online singapore[/url] [url=]buy propecia online singapore[/url] [url=]levrita[/url]

  55. Janecooxy

    [url=]buy viagra online mastercard[/url]

  56. Dencooxy

    [url=]stromectol ivermectin[/url] [url=]doxycycline sale uk[/url] [url=]zithromax india[/url] [url=]hydroxychloroquine 5 mg[/url] [url=]online generic viagra prescription[/url]

Leave a Reply