In this edition we offer a roundup of the top ranked or popular bitcoin technical analyses – plus a NEW illustrated forecast.
Topping out the list are analyses from steemit.com, NewsBTC and CoinInsider. Or jump right to today’s Bitcoin $BTC Forecast.
workin2005 of steemit.com reports "The digital currency is trading in a bearish direction in the configuration which strengthens the break of the support areas that we mentioned above and the ADX confirms this as well."
Graeme Tennant of CoinInsider propounds "Each breakout holds the promise that the Bitcoin bull of 2017 will return – however, as can be seen every rally has resulted in a lower high (LH). Furthermore, every down trend has resulted in a marginally lower low (LL) with respect to the daily close price. Only once we see a higher high and higher low on the daily chart will the current bear trend be invalidated – this appears to be a long way off!"
The crypto pundits say: “bearish/bearish/bearish/”.
The analysts at CoinDesk, Investing.com and FXStreet were all dead wrong on Monday. Accordingly we turn to fresh minds today. Their collective vision is bearish.
KittyBitcoin’s unique Bitcoin $BTC Forecast brings you time-saving & illustrated views. This is balanced with multiple bitcoin experts. The links to "Full coverage" let you easily obtain 100% of the analytical depth.