The volume profile showing spikes on the two local highs indicates a pullback in price is possible.
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Bitcoin Schmitcoin became popular within the subculture of the Reddit communities and now posts his daily thoughts and market outlook via Twitter and his regular stream on Twitch.tv. Bitcoin Schmitcoin on Twitch.tv Bitcoin Schmitcoin: YouTube.As discussed in the previous BTC-USD market analysis, the market has begun to test and retest known support and resistance lines on both the macro and micro levels.Bearish divergence is a trend used by market analysts to objectively view price activity for indications of potential pullback or market consolidation.Get Bitcoin Cash price, charts, and other cryptocurrency info.Unlike stocks, bitcoin markets never close. and 365 days a year in dozens of currency pairs at exchanges all over the world.
So far, it seems like Bitcoin is outperforming the altcoin that shares the majority of its blockchain.Bitcoin prices today climbed. now known as Bitcoin Cash. Goldman Head of Technical Strategy Sheba Jafari suggested the current Bitcoin rally could reach as.
The biggest stories in bitcoin delivered weekly to your inbox.Some degree of future appreciation is built into the current price,.It is evident the Bitcoin Cash debacle is causing some interesting discussions.
Statements and financial information on Bitcoin Magazine and BTC Media related sites do not necessarily reflect the opinion of BTC Media and should not be construed as an endorsement or recommendation to buy, sell or hold.The volume trend shown above is typically a sign that the market is no longer confident in the higher price values and will ultimately need stronger volume to break new highs.Because of the higher profitability in mining Bitcoin over Bitcoin Cash, it just makes more sense for miners to continue to point all of their hashing power at the Bitcoin network instead of at Bitcoin Cash.