Bitcoin is down to the bottom of its ascending channel on the 4-hour time frame but it looks like bulls are returning to defend support. A long spike and green candle formed on a test of the bottom, indicating that investors are buying on dips and might be keen on sustaining the climb.

Ripple Price Analysis: XRP Rally Takes Break But Not Likely Over
Monday June 24, 2019

Ripple price rallied sharply after it formed a support base above $0.4200 against the US dollar. The price surged above the $0.5050 level before it started a downside correction. There are two bullish trend line forming with support near $0.4420 and $0.4300 on the 4-hours chart of the XRP/USD pair (data source from Bittrex). The […]

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The 100 SMA is above the longer-term 200 SMA to suggest that the path of least resistance is to the upside or that the uptrend is more likely to resume than to reverse. However, the moving averages might simply be oscillating to reflect range-bound action for now.
Still, a bounce off support could take Bitcoin to the very top at the $7,000 major psychological level or at least until the mid-channel area of interest at $6,700. The moving averages might hold as dynamic resistance at $6,600 as well.
Stochastic is indicating the presence of bullish pressure as it moves north, so Bitcoin price might follow suit. The oscillator has a lot of ground to cover before hitting overbought levels, so buyers could stay in the game for a bit longer. Some bullish divergence can also be seen as price made lower lows while the oscillator had higher lows.
RSI is also turning higher after dipping into the oversold region, indicating that buyers are regaining control while sellers take a break. A move below the $6,300 area, however, could reveal that sellers are still strong and could spur a reversal from the climb.

Crackdown 3 will only work on Windows 10 and in the presence of at least 8 GB of RAM
Friday November 09, 2018

If you suddenly forget about the existence of militants Crackdown 3 announced over four years ago, Microsoft Studios still remembers him and sometimes even releasing new information. This time — system requirements. Recall that the project was presented at E3 2014 with release in 2016. As you can see, this did not happen, and the

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Some say that the bounce was merely a result of profit-taking rather than an actual catalyst as there appears to have been none so far. Bitcoin is celebrating its 10-year anniversary but more folks are highlighting its downbeat year-on-year performance so far.
Even JPMorgan CEO Jaime Dimon had negative things to say about Bitcoin, but this didn’t make much of a dent on price as he has previously expressed these sentiments.

Kevin Durant Believes Celtics’ Jayson Tatum Has Future MVP Talent
Friday December 14, 2018

Kevin Durant is well-positioned to call Jayson Tatum’s talent like he sees it. The Golden State Warriors superstar said Wednesday on “The Bill Simmons Podcast” he believes the Boston Celtics forward has the talent required to win an NBA MVP Award in the future. Durant, who won the 2014 NBA MVP Award, saw Tatum’s skills […]

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Images courtesy of TradingView
The post Bitcoin Price Analysis: BTC/USD Channel Support Held, $7,000 Next? appeared first on Live Bitcoin News.