Thursday, March 4, 2021
Only Bitcoin Market News
Advertisement
  • Home
  • Bitcoin
  • Market
  • Cash
  • Price
  • Beginners
  • Gold
  • Private
  • Cryptos
  • investors
  • Technical
  • Crash
  • spam
  • stock
  • Blockchain
  • Videos
  • Home
  • Bitcoin
  • Market
  • Cash
  • Price
  • Beginners
  • Gold
  • Private
  • Cryptos
  • investors
  • Technical
  • Crash
  • spam
  • stock
  • Blockchain
  • Videos
Only Bitcoin Market News
No Result
View All Result

Crypto Price Analysis May 27: BTC, ETH, LTC, BCH, TRX | Coinspeaker

9 months ago
in Cryptos
3 min read
Crypto Price Analysis May 27: BTC, ETH, LTC, BCH, TRX | Coinspeaker
Share on FacebookShare on Twitter


A senior analyst at RoboForex shares his insights into the future scenarios for Bitcoin, Ethereum, Litecoin, Bitcoin Cash and TRON price movement.

Dmitriy Gurkovskiy, a senior analyst at foreign exchange broker RoboForex, provides his vision of the possible tendencies in price changes for Bitcoin as well as for other major cryptos.

Cryptocurrencies continue correcting without making any significant movements. The major event for Bitcoin will be a breakout of $9,450, which may indicate further growth towards the local high. However, as long as the asset is moving below the resistance at $10,500, it’s too early to talk about the further uptrend. Bitcoin’s price has broken the ascending trendline to the downside for the first time: in most cases, the asset tests this line from below and then resumes falling. That’s why one shouldn’t exclude a possibility of another serious decline before the instrument resumes a stable bullish trend.

Bitcoin

In the daily chart, Bitcoin continues trading below a very important resistance level. Like we said earlier, it was the first time during this growth when the asset broke the ascending trendline, which has acted as an excellent support level for a long time. Most likely, the bearish pressure is starting to increase and there are good chances to see a decline towards $6,400, where the instrument is expected to complete an Inverted Head & Shoulders reversal pattern. A signal to confirm this trading idea is a breakout of the support line at the RSI, which may indicate a potential fixation below $8,015. However, to cancel this bearish scenario, bulls must continue pushing the price upwards and fix it above $10,565. In this case, the asset may easily reach $13,862 or even higher.

Photo: Roboforex / TradingView

As we can see in the H4 chart, BTC/USD continues moving inside a Triangle pattern. In the short-term, the RSI may test the descending trendline once again, which may result in a rebound and further decline of the price. To confirm this idea, the price must break the support level and fix below $8,450, thus indicating a breakout of the Triangle’s downside border. However, this scenario may be canceled if the instrument breaks the pattern’s upside border and fixes above $9,950. In this case, the asset may continue growing and complete the pattern higher.

Related articles

Burned Banksy NFT Sets Art And Crypto Worlds Alight

Burned Banksy NFT Sets Art And Crypto Worlds Alight

March 4, 2021
Bitcoin regains $51,500 level on reports Goldman Sachs restarts crypto desk

Bitcoin regains $51,500 level on reports Goldman Sachs restarts crypto desk

March 3, 2021

Photo: Roboforex / TradingView

Ethereum

As we can see in the daily chart, Ethereum is still testing the middle band of the Bollinger Bands indicator. Here, there is a potential for the formation of a Double Top reversal patternю however, to confirm the pattern, the price must break the support level and fix below $173. Only after that, the asset may continue falling and form the pattern. A good signal in favor of this idea will be a breakout of the ascending trendline but bulls have been able to rebound from this line so far. That’s why, one should exclude another test of the resistance level at $220, after which the instrument may resume trading…



Read more:Crypto Price Analysis May 27: BTC, ETH, LTC, BCH, TRX | Coinspeaker

Tags: AnalysisBCHbitcoin news todayBTCCoinspeakerCryptoETHLTCPriceTRX

Related Posts

Burned Banksy NFT Sets Art And Crypto Worlds Alight

Burned Banksy NFT Sets Art And Crypto Worlds Alight

by Bitcoin Market
March 4, 2021
0

LONDON, UNITED KINGDOM - SEPTEMBER 09, 2020: A Christie's staff member poses with 'Morons (Sepia)', ... screenprint in...

Bitcoin regains $51,500 level on reports Goldman Sachs restarts crypto desk

Bitcoin regains $51,500 level on reports Goldman Sachs restarts crypto desk

by Bitcoin Market
March 3, 2021
0

Prices of the world’s oldest cryptocurrency, bitcoin, topped the $51,500 level on Wednesday on reports that the US-based investment...

Crypto hedge funds see big returns as bitcoin boom gains steam: CNBC After Hours

Crypto hedge funds see big returns as bitcoin boom gains steam: CNBC After Hours

by Bitcoin Market
March 3, 2021
0

CNBC.com's Pippa Stevens brings you the day's top business news headlines. On today's show, CNBC's Ylan Mui reports that...

Cryptocurrency This Week: Weighing The Impact Of A Potential Ban, How To Tax Crypto &

Cryptocurrency This Week: Weighing The Impact Of A Potential Ban, How To Tax Crypto &

by Bitcoin Market
March 2, 2021
0

The government can ban the legitimate use of crypto, but that would mean giving further impetus to a host...

BNamericas – Free insurance may boost crypto interest in …

BNamericas – Free insurance may boost crypto interest in …

by Bitcoin Market
March 2, 2021
0

Request a free demo and find thousands of business opportunities in Latin America. Make decisions with valuable and relevant...

Load More

Trend Now

  • Trending
  • Comments
  • Latest
Crypto-Powered Social Media Platform Voice Planning Launch for July 4 | CryptoGlobe

Crypto-Powered Social Media Platform Voice Planning Launch for July 4 | CryptoGlobe

June 8, 2020
J.K. Rowling Twitter Storm shows the Crypto Ecosystem Needs to Mature – CityAM

J.K. Rowling Twitter Storm shows the Crypto Ecosystem Needs to Mature – CityAM

May 19, 2020
Argo Blockchain boosts mining margins in July

Argo Blockchain boosts mining margins in July

August 5, 2020
5 Cryptocurrency Staking Providers – A Review | Hacker Noon

5 Cryptocurrency Staking Providers – A Review | Hacker Noon

January 30, 2021
Institutional investors see Bitcoin holding US$50,000 suggests ETP provider

Institutional investors see Bitcoin holding US$50,000 suggests ETP provider

February 18, 2021
Bitcoin boom backstopped by central banks’ easy-money policies

Bitcoin boom backstopped by central banks’ easy-money policies

February 4, 2021
Burned Banksy NFT Sets Art And Crypto Worlds Alight

Burned Banksy NFT Sets Art And Crypto Worlds Alight

0
Bitcoin daily chart alert – Bullish chart pattern develops – May 19

Bitcoin daily chart alert – Bullish chart pattern develops – May 19

0
Calvin Ayre Invests in True Reviews: A New Take on Consumer Review Sites Built on the

Calvin Ayre Invests in True Reviews: A New Take on Consumer Review Sites Built on the

0
J.K. Rowling Twitter Storm shows the Crypto Ecosystem Needs to Mature – CityAM

J.K. Rowling Twitter Storm shows the Crypto Ecosystem Needs to Mature – CityAM

0
Crypto.com’s MCO Visa Cards Are Now Shipping In Europe – Fintech Singapore

Crypto.com’s MCO Visa Cards Are Now Shipping In Europe – Fintech Singapore

0
Elon Musk tried to explain Bitcoin to JK Rowling on Twitter and this happened

Elon Musk tried to explain Bitcoin to JK Rowling on Twitter and this happened

0
Burned Banksy NFT Sets Art And Crypto Worlds Alight

Burned Banksy NFT Sets Art And Crypto Worlds Alight

March 4, 2021
Market Wrap: Bitcoin Reclaims $50K as Bulls Eye Uptrend Revival – CoinDesk

Market Wrap: Bitcoin Reclaims $50K as Bulls Eye Uptrend Revival – CoinDesk

March 4, 2021
Bitcoin Optech: Bitcoin Technical Updates Newsletter #138

Bitcoin Optech: Bitcoin Technical Updates Newsletter #138

March 4, 2021
Bitcoin Volatility Reached A 10-Month High In February As Prices Hit Records

Bitcoin Volatility Reached A 10-Month High In February As Prices Hit Records

March 4, 2021
Bitcoin Cash, IOTA, Enjin Price Analysis: March 03

Bitcoin Cash, IOTA, Enjin Price Analysis: March 03

March 4, 2021
How to Buy Bitcoin at an 80% Premium From Michael Saylor – CoinDesk

How to Buy Bitcoin at an 80% Premium From Michael Saylor – CoinDesk

March 3, 2021
  • Contact Us
  • Terms of Use
  • Cookie Privacy Policy
  • Privacy Policy
  • DMCA

© 2020 MarketForBitcoin.com

No Result
View All Result
  • Home
  • Bitcoin
  • Market
  • Cash
  • Price
  • Beginners
  • Gold
  • Private
  • Cryptos
  • investors
  • Technical
  • Crash
  • spam
  • stock
  • Blockchain
  • Videos

© 2020 MarketForBitcoin.com

  • bitcoinBitcoin(BTC)$50,679.004.20%
  • bitcoin-cashBitcoin Cash(BCH)$523.031.08%
  • binance-coinBinance Coin(BNB)$241.170.182%
  • bitcoin-goldBitcoin Gold(BTG)$29.238.84%
  • bitcoin-privateBitcoin Private(BTCP)$0.587-6.95%
  • blocktixBlocktix(TIX)$0.0200.00%