Join me @ IBOtoolbox for free.
David Ogden
Member Since: 5/25/2012
performance / stats
Country: United Kingdom
Likes Received: 277
Featured Member: 2 times
Associates: 278
Wall Posts: 486
Comments Made: 388
Press Releases: 281
Videos: 111
Phone: +357 97727987
Skype:     seadogs11
profile visitor stats
TOTAL: 139154
are we ibo associates?
member advertising
active associates
Wyndham Rees    
Last logged on: 6/25/2019

John Bisbal    
Last logged on: 6/25/2019

Phil Schaefer    
Last logged on: 6/25/2019

New Macro JobHouseRanger    
Last logged on: 6/25/2019

Rich Coulter     
Last logged on: 6/25/2019

Stephen Porter     
Last logged on: 6/25/2019

Mark Turnbull    
Last logged on: 6/25/2019

Linda Michel White       
Last logged on: 6/25/2019

Mike Farris    
Last logged on: 6/25/2019

howie martell     
Last logged on: 6/25/2019

Dorothy Allen    
Last logged on: 6/25/2019

Jimmy Diggs  
Last logged on: 6/25/2019

Dominic Goss     
Last logged on: 6/25/2019

Ezworksystem Opportunities    
Last logged on: 6/25/2019

Eugenijus Sakalauskas    
Last logged on: 6/25/2019

other ibo platforms
David Ogden   My Press Releases

Bitcoin price analysis - BTC/USD defies bearish sentiments amid record volatility growth

Published on 4/23/2019
For additional information  Click Here

Bitcoin price analysis - BTC/USD defies bearish sentiments amid record volatility growth

  1. Bitcoin’s volatility grew by 200%.

  2. The upside trend is gaining traction with the next focus on $5,560.

Bitcoin, the largest and the most popular cryptocurrency out there, is changing hands at $5,400. BTC/USD bottomed out at $5,214 on April 21 and has been moving upwards ever since. The coin touched $5,441 high during late Monday session, but failed to hold the ground above $5,400.

The Bitcoin volatility jumped nearly 200% in the recent month. Thus, following the price growth in the beginning of April, the volatility jumped from 1.26% to 3/31% in just two days. Since that time, the Bitcoin has been trading in a narrow range limited by $4 900 and $5 400 boundaries. At the time of writing, the daily volatility of the first digital asset reached 3.54%, which is the highest level in recent three months.

It is worth mentioning, that the Bitcoin’s volatility has been sliding slowly during several years. It is reduced by 98% in 2018.

On the intraday charts, BTC/USD is moving within an upside trend. The Relative Strength Index points to the North, which is consistent with the bulls’ case scenario. A sustainable move above the recent high will take us towards $5,500 handle and to $5,560, which is the highest level since November, 19, 2018.

On the downside, the initial support is created by the intraday low $5,363. Once below, the sell-off may continue towards $5,300 supported by SMA50 and SMA100 (1-hour). The next barrier is created by SMA200 at $5,235 and the lower boundary of the recent upside channel at $5,140.

BTC/USD, 1-hour chart

Member Note: To comment on this PR, simply click reply on the owners main post below.
-  Copyright 2016 IBOsocial  -            Part of the IBOtoolbox family of sites.