Bitcoin Price Watch: BTC/USD Turned Short Term Bullish

Key Points

  • Bitcoin price climbed higher and broke the $4,080 and $4,200 resistance levels against the US Dollar.
  • There is a short term bullish trend line formed with support at $4,050 on the hourly chart of the BTC/USD pair (data feed from Kraken).
  • The price is currently trading nicely above the previous resistance (now support) at $4,080.

Bitcoin price made a few nice bullish moves above $4,000 against the US Dollar. BTC/USD must stay above the $4,050 and $4,000 supports to resume its upward move.

Bitcoin Price Analysis

Yesterday, we saw a decent rise in bitcoin price above the $3,800 and $4,000 resistances against the US Dollar. The BTC/USD pair tested the $4,080 and later corrected lower. Finally, there was a fresh upward move and the price broke the $4,080 resistance. The price climbed further higher and traded above the $4,200 and $4,260 levels. A new intraday high was formed at $4,400 and the price settled above the 100 hourly simple moving average.

Later, the price corrected lower and traded below the $4,200 level. There was a break below the 23.6% Fib retracement level of the last wave from the $3,563 low to $4,400 high. However, there are decent supports formed near the $4,080 and $4,050 levels. There is also a short term bullish trend line formed with support at $4,050 on the hourly chart of the BTC/USD pair. Below the trend line, the next support is at 50% Fib retracement level of the last wave from the $3,563 low to $4,400 high.

Looking at the chart, bitcoin price remains well supported above the $4,000 handle. As long as the price is above the 100 hourly SMA, there could be more gains above the $4,260 and $4,400 levels. On the downside, the main supports are at $4,080, $4,050 and $3,880.

Looking at the technical indicators:

Hourly MACD – The MACD for BTC/USD is slightly placed in the bearish zone.

Hourly RSI (Relative Strength Index) – The RSI is currently just above the 55 level.

Major Support Level – $4,050

Major Resistance Level – $4,400

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Bitcoin Price Watch: BTC/USD Ran Into Resistance, More Gains Likely

Key Points

  • Bitcoin price climbed higher recently and traded above the $3,800 resistance level against the US Dollar.
  • This week’s crucial bearish trend line was breached with resistance at $3,830 on the hourly chart of the BTC/USD pair (data feed from Kraken).
  • The price ran into a major resistance area at $4,080, but there are chances of more gains.

Bitcoin price gained traction and moved above $3,800 and $4,000 against the US Dollar. BTC/USD must break the $4,080 resistance level to trade further higher.

Bitcoin Price Analysis

Recently, there was a steady drop in bitcoin price from the $4,080 resistance against the US Dollar. The BTC/USD pair declined and traded below the $3,800 and $3,700 levels. However, buyers were able to protect losses below the $3,580 support area. A base was formed near $3,600 and later the price started a decent upward move. It climbed higher and broke the $3,700 and $3,800 resistance levels.

There was also a close above the $3,800 resistance and the 100 hourly simple moving average. The price also cleared the 76.4% Fib retracement level of the last slide from the $4,125 high to $3,520 low. More importantly, this week’s crucial bearish trend line was breached with resistance at $3,830 on the hourly chart of the BTC/USD pair. It opened the doors for more gains and the price moved above the $4,000 resistance. However, the $4,080 hurdle prevented further upsides and the price started consolidating gains. An initial support is near the $3,900 level and the 23.6% Fib retracement level of the last wave from $3,563 to $4,077.

Looking at the chart, bitcoin price moved above the key barrier at $3,800-3,830. If there is a proper close above $4,080, there could be a solid bullish wave towards $4,200 and $4,250 in the near term.

Looking at the technical indicators:

Hourly MACD – The MACD for BTC/USD is back in the bullish zone.

Hourly RSI (Relative Strength Index) – The RSI is currently well above the 60 level.

Major Support Level – $3,900

Major Resistance Level – $4,080

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Japanese Video Platform Pays Users Crypto to Watch Ads

A Japanese video platform service called c0ban.tv has started its expansion into English-speaking markets, the startup team has reported to Cointelegraph. The platform has its own cryptocurrency and has been developed by the LastRoots corporation, famous for its  popular cryptocurrency exchange.

Buying lunch with crypto

The c0ban.tv platform publishes short video ads, already with over 50,000 active users and 5 million transactions per month, according to the startup team.

The concept of c0ban is based on combining blockchain and video advertisement. The core idea of c0ban is that a user can get paid with c0ban coins (RYO) for watching advertisement videos posted on c0ban’s web application.

This c0ban mechanism is similar to websites that offer reward points to their users. In order to get rewards, a user needs to sign in to the c0ban.tv web application and watch the videos that appear on the screen.

There are three huge problems for the video advertising market that the industry faces right now: Users tend to skip video ads, they do not watch them in full and the current ads are not cost effective. According to the c0ban team, their application and platform can solve these problems by paying users to watch videos.

According to c0ban fans blog, there are stores in Japan that accept RYO. Users can, for instance, watch a few videos, get paid with c0ban cryptos and buy lunch with those coins. Although the number of such stores is still quite small, LastRoots is actively working to expand, a company’s representative told Cointelegraph.

Middle age samurai coin

“C0ban is named after a Middle Ages Samurai coin, named Koban. C0ban is the first challenge for us to spread the technology to the world. We will be pleased if we could provide a trigger to people to feel the revolutionary world of decentralized consensus,” reads the c0ban website.

According to the website, c0ban is a proof-of-work (PoW) cryptocurrency that is designed to make it easy for everyone to enter the blockchain world. The genesis block was mined on Dec. 15, 2016 and so far over 26,000,000 RYO have been issued. The target number is 88,000,000 RYO.

С0ban.tv held one of the first ICOs in Japan in July 2016 and succeeded in raising about $6 million. Its app was released in February 2017, with the cryptocurrency listed on a Japanese exchange in March 2017. Today, the c0ban trade volume has reached 100 million trades.

On Nov. 30, c0ban will be listed on the Latoken exchange and will be able to be traded for Bitcoin and Ethereum. The c0ban cryptocurrency has been on the market since Dec. 15, 2016, when it was officially launched. The c0ban startup team has decided to move forward and expand worldwide, making its way to a broader audience.

 

Disclaimer. Cointelegraph does not endorse any content or product on this page. While we aim at providing you all important information that we could obtain, readers should do their own research before taking any actions related to the company and carry full responsibility for their decisions, nor this article can be considered as an investment advice.



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Bitcoin Price Watch: BTC/USD Buyers Facing Uphill Task

Key Points

  • Bitcoin price struggled to break the $4,120 resistance area and declined against the US Dollar.
  • Yesterday’s highlighted crucial bearish trend line is active with resistance at $3,900 on the hourly chart of the BTC/USD pair (data feed from Kraken).
  • The price is likely to struggle to clear the $3,900 and $4,000 resistance levels in the near term.

Bitcoin price remained below the $4,000 barrier against the US Dollar. BTC/USD could decline below $3,600 if it fails to move above the $4,000 barrier.

Bitcoin Price Analysis

Yesterday, we saw a short term upside move above $3,600 and $3,800 in bitcoin price against the US Dollar. The BTC/USD pair traded above the $4,000 barrier as well, but it failed to hold gains. The price was rejected near the $4,100 barrier and the 100 hourly simple moving average. It seems like buyers struggled to gain strength above $4,000, resulting in a bearish reaction.

A high was formed at $4,126 and later the price declined below $4,000 and $3,900. The decline was such that the price even broke the $3,580 support and traded as low as $3,513. Later, it corrected above $3,600 and the 23.6% Fib retracement level of the recent drop from the $4,126 high to $3,513 low. On the upside, there are many hurdles for buyers near the $3,800 and $3,900 levels. Moreover, yesterday’s highlighted crucial bearish trend line is active with resistance at $3,900 on the hourly chart of the BTC/USD pair. The 50% Fib retracement level of the recent drop from the $4,126 high to $3,513 low is also near $3,819.

Looking at the chart, bitcoin price is clearly facing an uphill task near the $3,900 and $4,000 levels. If there is no convincing break above $4,000, the price could decline towards the $3,600 and $3,500 levels.

Looking at the technical indicators:

Hourly MACD – The MACD for BTC/USD is slightly placed in the bullish zone.

Hourly RSI (Relative Strength Index) – The RSI is currently just near the 50 level.

Major Support Level – $3,600

Major Resistance Level – $4,000

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Bitcoin Price Watch: BTC/USD Recovery Facing Crucial Hurdle

Key Points

  • Bitcoin price declined below $4,000 and $3,600 before buyers appeared against the US Dollar.
  • There is a major bearish trend line in place with resistance at $4,080 on the hourly chart of the BTC/USD pair (data feed from Kraken).
  • The price must break the $4,000 and $4,080 resistance to climb higher in the near term.

Bitcoin price nosedived below $4,000 and $3,800 against the US Dollar. BTC/USD is currently recovering, but the $4,000 barrier is now acting as a resistance.

Bitcoin Price Analysis

During the past three days, we saw a nasty decline below $4,000 in bitcoin price against the US Dollar. The BTC/USD pair even broke the $3,800 and $3,600 support levels to post a new multi month low. The price even spiked below the $3,500 level and settled well below the 100 hourly simple moving average. A low was formed at $3,449 and later the price started an upside correction.

It moved above the $3,600 and $3,800 resistance levels. More importantly, there was a break above the 50% Fib retracement level of the recent decline from the $4,340 high to $3,449 low. However, the upside move was capped by the $4,080-4,100 zone, which was a support earlier. Moreover, there is a major bearish trend line in place with resistance at $4,080 on the hourly chart of the BTC/USD pair. The pair was also rejected near the 76.4% Fib retracement level of the recent decline from the $4,340 high to $3,449 low. Clearly, the price is facing a solid resistance near the $4,080 level and the 100 hourly SMA.

Looking at the chart, bitcoin price must break the $4,000 and $4,080 resistance to climb higher towards $4,500. If buyers fail to gain pace above $4,080 and the 100 hourly SMA, there could be a sharp decline.

Looking at the technical indicators:

Hourly MACD – The MACD for BTC/USD is slowly moving in the bullish zone.

Hourly RSI (Relative Strength Index) – The RSI is currently well above the 50 level.

Major Support Level – $3,800

Major Resistance Level – $4,080

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Bitcoin Price Watch: BTC/USD Looks Set To Gain Pace Below $4,000

Key Points

  • Bitcoin price started a major downside move after it failed to break the $4,600 resistance against the US Dollar.
  • There is a new bearish trend line in place with resistance at $4,400 on the hourly chart of the BTC/USD pair (data feed from Kraken).
  • The price is currently in a bearish zone and it could accelerate losses below the $4,000 level in the near term.

Bitcoin price failed to recover further above $4,700 and declined against the US Dollar. BTC/USD could accelerate declines below the $4,000 support area.

Bitcoin Price Analysis

Yesterday, there as a tiny upside correction above the $4,500 level in bitcoin price against the US Dollar. The BTC/USD pair failed to break the $4,600 resistance and remained well below the $4,700 pivot area. Later, the price started a downside move and traded below the $4,500 and $4,400 support levels. It is currently trading well below the $4,500 level and the 100 hourly simple moving average.

The price also declined below the 61.8% Fib retracement level of the last wave from the $4,048 low to $4,600 high. It has opened the doors for more losses below the $4,200 support area. It seems like the price may soon test the last swing low at $4,048. If sellers gain pace, there are high chances of a downside break below the $4,000 handle in the near term. The next support is near the $3,900 level. It coincides with the 1.236 Fib extension level of the last wave from the $4,048 low to $4,600 high. Below this, the price may perhaps decline towards the $3,800 level.

Looking at the chart, bitcoin price is clearly under a lot of pressure below $4,500. If sellers remain in action in the short term, there could be a sharp decline below $4,000.

Looking at the technical indicators:

Hourly MACD – The MACD for BTC/USD is moving heavily in the bearish zone.

Hourly RSI (Relative Strength Index) – The RSI is currently just near the 40 level.

Major Support Level – $4,000

Major Resistance Level – $4,500

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Bitcoin Price Watch: BTC/USD Buyers Aim $4,950 In Short Term

Key Points

  • Bitcoin price is slowly recovering and it is currently placed above $4,400 against the US Dollar.
  • There was a break above a short term contracting triangle with resistance at $4,480 on the hourly chart of the BTC/USD pair (data feed from Kraken).
  • The price may perhaps continue to rise towards the $4,760 and $4,934 levels in the near term.

Bitcoin price is forming a decent support above $4,400 against the US Dollar. BTC/USD is likely to recover towards $4,934 in the short term.

Bitcoin Price Analysis

Yesterday, we saw a minor upside correction from the $4,038 swing low in bitcoin price against the US Dollar. The BTC/USD pair climbed higher and broke the $4,220 and $4,350 resistance levels. The price also succeeded in clearing the 50% Fib retracement level of the last drop from the $4,765 swing high to $4,038 low. It opened the doors for more gains and the price moved above the $4,500 resistance.

Moreover, there was a break above a short term contracting triangle with resistance at $4,480 on the hourly chart of the BTC/USD pair. These are positive signs since the price is now placed above the $4,440 and $4,220 supports. An immediate resistance is near $4,592 and the 76.4% Fib retracement level of the last drop from the $4,765 swing high to $4,038 low. Above $4,600, the price is likely to extend gains towards the $4,765 swing high. The final target could be the $4,934 level, which is the 1.236 Fib extension level of the last drop. On the downside, an immediate support is at $4,440, below which the price could test $4,220.

Looking at the chart, bitcoin price seems to be consolidating above the $4,220 support. There are positive signs emerging, which could lead the price higher towards $4,750 and $4,934.

Looking at the technical indicators:

Hourly MACD – The MACD for BTC/USD is slowly moving in the bullish zone.

Hourly RSI (Relative Strength Index) – The RSI is currently just near the 50 level.

Major Support Level – $4,220

Major Resistance Level – $4,750

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Bitcoin Price Watch: BTC/USD Could Recover Toward $4,800

Key Points

  • Bitcoin price extended losses and traded close to the $4,000 support against the US Dollar.
  • There was a break above a major bearish trend line with resistance at $4,451 on the hourly chart of the BTC/USD pair (data feed from Kraken).
  • The price seems to be preparing for an upside correction towards the $4,800 level in the near term.

Bitcoin price declined towards $4,000 before buyers appeared against the US Dollar. BTC/USD could correct higher towards the $4,750 or $4,800 resistance.

Bitcoin Price Analysis

Yesterday, we discussed that bitcoin price could tumble towards the $4,000 support area against the US Dollar. The BTC/USD pair did decline further and traded below the $4,500 and $4,400 support levels. The price fell close to the $4,000 level and a new multi month low was formed at $4,038. Later, the price corrected above $4,200, but it is still well below the 100 hourly simple moving average.

The recent upside move was positive since the price broke the $4,400 resistance. Moreover, there was a break above a major bearish trend line with resistance at $4,451 on the hourly chart of the BTC/USD pair. The pair even traded above the 50% Fib retracement level of the recent decline from the $4,763 high to $4,038 low. It seems like the price may correct further towards the $4,750 level in the near term. An immediate resistance is $4,600 and the 76.4% Fib retracement level of the recent decline from the $4,763 high to $4,038 low. Above $4,600 and $4,750, the price could test the $4,800 resistance.

Looking at the chart, bitcoin price seems to be correcting from the $4,038 low. In the short term, there could be a recovery towards $4,800, but any further gains are likely to be contained below $5,000.

Looking at the technical indicators:

Hourly MACD – The MACD for BTC/USD is back in the bullish zone.

Hourly RSI (Relative Strength Index) – The RSI is currently just above the 50 level.

Major Support Level – $4,220

Major Resistance Level – $4,800

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Bitcoin Price Watch: BTC/USD Nosedives 15%, $4,000 Next?

Key Points

  • Bitcoin price fell significantly and declined below the $5,000 and $4,600 supports against the US Dollar.
  • There are two bearish trend lines formed with resistance near $4,800 on the hourly chart of the BTC/USD pair (data feed from Kraken).
  • The price is likely to accelerate losses towards the $4,200 and $4,000 levels in the near term.

Bitcoin price traded to multi month low below $4,500 against the US Dollar. BTC/USD could continue to decline towards the $4,000 support area.

Bitcoin Price Analysis

Yesterday, we discussed the chances of a new low below $5,200 in bitcoin price against the US Dollar. The BTC/USD pair did move down and broke the $5,200 and $5,000 support levels. The decline was such that the price fell more than 12% and broke the $4,600 support as well. Ethereum price also declined heavily below the $150 level, igniting bearish moves in the crypto market. However, ripple price remained stable and traded above $0.4800.

Recently, BTC formed a swing low at $4,695 and corrected higher. It moved above the $4,800 level, but upsides were limited. The price failed to climb above the 23.6% Fib retracement level of the last decline from the $5,567 high to $4,695 low. As a result, there was a fresh decline and the price declined below the $4,695 low. Sellers took control and pushed the price below the $4,500 support. Going forward, the price is likely to accelerate losses towards the $4,200 and $4,000 levels. On the upside, there are two bearish trend lines formed with resistance near $4,800 on the hourly chart of the BTC/USD pair.

Looking at the chart, bitcoin price is clearly under heavy selling pressure below $5,000. Any short term correction could face a lot of selling interest near $4,800 or $5,000.

Looking at the technical indicators:

Hourly MACD – The MACD for BTC/USD is gaining momentum in the bearish zone.

Hourly RSI (Relative Strength Index) – The RSI is currently well below the 20 level.

Major Support Level – $4,200

Major Resistance Level – $5,000

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Bitcoin Price Watch: BTC Targets Fresh Lows Below $5,200, Market Gloomy

Key Points

  • Bitcoin price is currently under pressure below the $5,500 resistance level against the US Dollar.
  • There was a break below a key bullish trend line with support at $5,530 on the hourly chart of the BTC/USD pair (data feed from Kraken).
  • The price is declining and it seems like it could break the $5,230 and $5,200 support levels.

Bitcoin price is moving lower towards the last low against the US Dollar. BTC/USD could accelerate declines below if there is a break below the $5,200 support.

Bitcoin Price Analysis

The past few hours were pretty bearish because bitcoin price was rejected near $5,600 against the US Dollar. The BTC/USD pair started a fresh decline and traded below the $5,550 and $5,500 support levels. There was even a break below the $5,400 support and the 100 hourly simple moving average. It opened the doors for more losses towards the $5,230 and $5,200 levels.

During the slide, there was a break below a key bullish trend line with support at $5,530 on the hourly chart of the BTC/USD pair. Later, the price traded below the $5,350 support and the 1.236 Fib extension level of the recent wave from the $5,414 low to $5,700 swing high. The current price action is super bearish and it seems like the price could even break the $5,206 low. An immediate support is $5,230 and the 1.618 Fib extension level of the recent wave from the $5,414 low to $5,700 swing high. If there are more losses, the price could even trade below the $5,200 support.

Looking at the chart, bitcoin price is at a risk of a downside break below the $5,200 and $5,150 levels. There are even chances of a test of the $5,000 handle in the near term.

Looking at the technical indicators:

Hourly MACD – The MACD for BTC/USD is gaining pace in the bearish zone.

Hourly RSI (Relative Strength Index) – The RSI is well below the 30 level.

Major Support Level – $5,200

Major Resistance Level – $5,500

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