More

    Bitcoin (BTC) Price Analysis (February 18)

    Key Highlights

    • There has been a short dip in the market valuation of BTC/USD.
    • BTC/USD market currently lacks significant recovery indication.
    • Some levels of indecision trading outlook still as at the time of writing on-going in the BTC/USD pair.

    • Major distribution territories: $10,400, $10,800, $11,200
    • Major accumulation territories: $9,200, $8,800, $8,400

    Bitcoin (BTC) Price Analysis

    Currently, there has been no significant indication in the BTC/USD market recovery price moving bid. The crypto’s value has now only been hovering around its smaller SMA trend-line below $10,000 trade territory.

    Based on the nature of the price movement, the immediate distribution territory has seen at a $10.400 mark. Meanwhile, the $10,000 price line may be used as one of the main key lines that could signify the resumption of long-position trading should it is eventually breached northward.

    Bitcoin (BTC) Technical Indicators Reading

    The 50-day SMA trend-line is located a bit over a $10.000 price line as the 14-day SMA trading indicator is found half point down to $9,600 territory. The Smaller SMA now looks briefly pressing down the crypto’s price in a range moving formation.

    The capacity measure of a bullish force in this market has low signal as the Stochastic Oscillators have pointed to the north-east direction between ranges 60 and 40. That could as well mean the need to exercise some level of caution in placing an order.

    Conclusion

    On the upside, the BTC/USD market, taking a deep look, will encounter tough distribution territories in its pathway from a $10,000 line to the last major distribution territory at $11,200 mark. Like wisely, on the downside, a sudden breakdown of $9,600 value may cause the bears to face strong floors between the first and the second immediate accumulation territories found at $9,200 and $8,800 marks.


    Disclaimer: The presented information is subjected to market condition and may include the very own opinion of the author. Please do your ‘very own’ market research before making any investment in cryptocurrencies. Neither the writer nor the publication (bitcoinexchangeguide.com) holds any responsibility for your financial loss.

    Get Free Email Updates!

    *Action* Enter Best Email to Get Trending Crypto News & Bitcoin Market Updates

    I will never give away, trade or sell your email address. You can unsubscribe at any time.

    Ben Jordan
    Ben Jordan
    Ben began his FinTech career path in 2008 after growing interest and intrigue about market wizards and how they managed to become victorious on the battlefield of the financial world. After a decade of learning, reading and training the ins and outs of the industry, he’s now a sought after trading professional, technical/currency analyst and funds manager - as well as an author.

    [Alert] Use the author's self-conducted information at your own risk, do you own research, never invest more than you are willing to lose.

    [Disclosure] The published news and content on BitcoinExchangeGuide should never be used or taken as financial investment advice. Understand trading cryptocurrencies is a very high-risk activity which can result in significant losses. Editorial Policy \\ Investment Disclaimer

    LEAVE A REPLY

    Please enter your comment!
    Please enter your name here

    3,368FansLike
    2,785FollowersFollow
    4,136FollowersFollow

    Live Bitcoin Price & Latest BTC Charts

    Today's Latest Crypto News

    Binance CEO: Once QE Money Starts Flowing, BTC's Price Will Go Up ‘Very Dramatically'

    “Since coronavirus took over, business-wise the platform is doing really well” - CZ COVID-19, QEg, depression, and countries printing a lot of money...

    South Korean Central Bank to Roll Out Pilot Program to Test CBDC Through Dec 2021

    On April 6, South Korea’s central bank has made the announcement that it started a pilot program for assessing the logistics of a central...

    Former Goldman Sachs Fund Manager Suggests Allocating 25% in Bitcoin

    When Raoul Pal, the former hedge-fund manager who founded Real Vision first learned the coronavirus was spreading rapidly, he thought, “The whole world's f---ed,”. "I...

    PwC Report Reveals 2019's Crypto M&A's Dropped Sharply; Total Value Decreased By 76%

    The 2017 market boom led to the new era of funding in the decentralized space called ICO, however as we entered the bear market...

    How Much New Inflow Bitcoin Needs to Stay at this Price Level?

    For the last 2.5 years, $400 million of new investment each month kept BTC price at $7,000, after halving it would require just...

    BitcoinExchangeGuide is a hyper-active daily crypto news portal with care in cultivating the cryptocurrency culture with community contributors who help rewrite the bold future of blockchain finance. Subscribe on Google News, see the mission, authors, editorial links policy, investment disclaimer, privacy policy. Got News? Contact us, we are human too. Note: nothing here is financial advice, do your own research thoroughly.