Advertisement
AD

Main navigation

Error message

Warning: Undefined array key 0 in amp_entity_view_alter() (line 156 of modules/contrib/amp/amp.module).
amp_entity_view_alter(Array, Object, Object) (Line: 545)
Drupal\Core\Extension\ModuleHandler->alter('node_view', Array, Object, Object) (Line: 304)
Drupal\Core\Entity\EntityViewBuilder->buildMultiple(Array) (Line: 238)
Drupal\Core\Entity\EntityViewBuilder->build(Array)
call_user_func_array(Array, Array) (Line: 111)
Drupal\Core\Render\Renderer->doTrustedCallback(Array, Array, 'Render #pre_render callbacks must be methods of a class that implements \Drupal\Core\Security\TrustedCallbackInterface or be an anonymous function. The callback was %s. See https://www.drupal.org/node/2966725', 'exception', 'Drupal\Core\Render\Element\RenderCallbackInterface') (Line: 788)
Drupal\Core\Render\Renderer->doCallback('#pre_render', Array, Array) (Line: 377)
Drupal\Core\Render\Renderer->doRender(Array, ) (Line: 204)
Drupal\Core\Render\Renderer->render(Array, ) (Line: 238)
Drupal\Core\Render\MainContent\HtmlRenderer->Drupal\Core\Render\MainContent\{closure}() (Line: 583)
Drupal\Core\Render\Renderer->executeInRenderContext(Object, Object) (Line: 239)
Drupal\Core\Render\MainContent\HtmlRenderer->prepare(Array, Object, Object) (Line: 128)
Drupal\Core\Render\MainContent\HtmlRenderer->renderResponse(Array, Object, Object) (Line: 90)
Drupal\Core\EventSubscriber\MainContentViewSubscriber->onViewRenderArray(Object, 'kernel.view', Object)
call_user_func(Array, Object, 'kernel.view', Object) (Line: 111)
Drupal\Component\EventDispatcher\ContainerAwareEventDispatcher->dispatch(Object, 'kernel.view') (Line: 187)
Symfony\Component\HttpKernel\HttpKernel->handleRaw(Object, 1) (Line: 76)
Symfony\Component\HttpKernel\HttpKernel->handle(Object, 1, 1) (Line: 58)
Drupal\Core\StackMiddleware\Session->handle(Object, 1, 1) (Line: 48)
Drupal\Core\StackMiddleware\KernelPreHandle->handle(Object, 1, 1) (Line: 191)
Drupal\page_cache\StackMiddleware\PageCache->fetch(Object, 1, 1) (Line: 128)
Drupal\page_cache\StackMiddleware\PageCache->lookup(Object, 1, 1) (Line: 82)
Drupal\page_cache\StackMiddleware\PageCache->handle(Object, 1, 1) (Line: 48)
Drupal\Core\StackMiddleware\ReverseProxyMiddleware->handle(Object, 1, 1) (Line: 51)
Drupal\Core\StackMiddleware\NegotiationMiddleware->handle(Object, 1, 1) (Line: 51)
Drupal\Core\StackMiddleware\StackedHttpKernel->handle(Object, 1, 1) (Line: 704)
Drupal\Core\DrupalKernel->handle(Object) (Line: 18)

Bitcoin Price Continues Fighting for the $12,000 Mark. Nearest BTC/USD Price Targets Analysis

Advertisement
Sat, 29/06/2019 - 9:00
A
A
A
Bitcoin Price Continues Fighting for the $12,000 Mark. Nearest BTC/USD Price Targets Analysis
Cover image via 123rf.com
Read U.TODAY on
Google News

The leading cryptocurrency has undergone a massive correction of a parabolic uptrend, which has been relevant for more than two weeks. It is noteworthy that the fall was accompanied by a substantial increase in trading volumes on the exchanges.

Advertisement

For example, one of the world's largest platforms, Binance, registered $2.1 bln in total.

Related

However, the fall did not last too long; on June 28, Bitcoin held a rally, having added more than 6% per hour: the price rose from $10,300, to $11,908, which also affected the rise in prices of some altcoins.

Advertisement

Over the quarter, BTC has increased by 183%, which is the best indicator in the last 1.5 years.

What is more important, Bitcoin has set the new trading volume index over the 24 hours of more than $46 bln.

Article image
Bitcoin chart by CoinMarketCap

Another record was fixed on the CME platform, where Bitcoin contracts worth $1.7 bln were exchanged. This is the highest level ever recorded, both in terms of the number of contracts exchanged (29,225) and in terms of value.

From a technical point of view, Bitcoin has followed our scenario, and the price rolled back to the corridor of $11,500-$11,800. 

card

The price of Bitcoin turned out to be within the descending channel while forming a structure of declining highs and lows. All this happened against the background of relatively high trading volumes.

Article image
BTC/USD chart by TradingView

Another bearish signal can be considered RSI in the region of 50. The probable continuation of the correction is indicated by the breakdown of the moving average (MA) with a period of 50.

Thus, continuing the fall, the price may be in the range of $10,000-$10,300.

Article image
BTC/USD chart by TradingView

On the daily time frame, the situation is different. Bullish structures from rising highs are still relevant. Besides, MA 5 and 10 are directed to the “north”. Thus, in a more extended period, the path of least resistance lies up.

The price of BTC is trading at $11,814 at the time of writing.

Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.

A
A
A

Related articles

Advertisement
TopCryptoNewsinYourMailboxSubscribe
TopCryptoNewsinYourMailboxSubscribe
Advertisement
Advertisement
Subscribe to daily newsletter

Recommended articles

Latest Press Releases

Our social media
There's a lot to see there, too

Popular articles

Advertisement
AD