bull flag breakout, a bullish continuation pattern, on the 4-hour chart (above right). The short-term bullish case, however, would weaken if prices fail to close above 4,055 today. 3-day chart, as seen above right, the 200-candle MA continued sloping upwards through the December 2013 to January 2015 bear market and turned flat in March/April 2015 three months after the end of the sell-off at 152. If history is any guide, then BTC may spend the next few months in the recent trading range of 3,1004,300 and could pick up a strong bid once the key average starts trending lower.
Bitcoin prices climb above 4,100, nearing 2019 high Bitcoin, hits a New Record, high, But Stops Short of 20,000
The blue curve appears to be the only considerable resistance level as bitcoin price extends its uptrend. Coinbase data shows that BTC/USD spiked during the early Asian trading session, surging bitcoin im freien fall almost 23 percent in just two hours to 5,120. Lets check the technical. On the downside, a bearish reversal would be confirmed if and when prices find acceptance below the 30-day moving average, currently at 3,900. Prices, therefore, could rise further toward the February high of 4,190 in the next few days. "Countries like the United States could and should move to a digital currency, he said, so that you would have the ability to trace this kind of corruption.