All posts by Alan B. Zibluk

Part 1 – 5 Reasons Why You Should Start Blogging 5 part series

girl-laptop

Blogging has become an extremely popular thing to do these days. 

What started out as someone having a kind of online diary has morphed into something anyone can use to discuss anything they like – whether it is their daily activities or promoting a business, sharing political opinions, or doing movie reviews, discussing travels, you name it!

In this series, we'll be discussing the reason why you should start a blog and how it could add value to your life or business.

 

1) Got a fantastic hobby?

If you're passionate about something, you probably won't stop blogging about it until someone pries your fingers away from the keyboard. 

Starting a blog can be confusing especially if the internet, WordPress, hosting, SEO, etc. are all new to you. 

You could start a blog very easily by using Markethive though. The entire platform is already set up for you and so all you need to do is actually pick a title and start typing πŸ™‚

Blogging can be quite fulfilling especially when your posts gain popularity and people start to read your posts, send in their questions and comments, etc.

Blogging will also encourage you to get out and learn more and more about the subject you're blogging about thereby giving you a never-ending supply of fresh content for your blog. Plus, you can blog from anywhere!

You will be so pleased with yourself once you have a community of like-minded individuals around you, all contributing towards the success of your blog and hobby.

Stay tuned for the next article!

 

Melody Christie

Where life takes me..

Note: I have to warn you though, with the people being the way they are these days, they won't just skip your blog or keep quiet if they don't like what you're saying. There are those who seem to think it their duty to point out every error or to just be negative in the comments section, so..

DO. NOT. LET. IT. BOTHER. YOU. You just do you πŸ™‚
 

Click here to start your free Markethive account in 1 minute flat!

 

ecosystem for entrepreneurs

Solo Build It: Everything A Solopreneur Needs To Build An Online Business

Solo Build It!: Everything A Solopreneur Needs To Build An Online Business

????Start with an idea, grow into a website, build traffic & fans, end with a profitable business.

Do it all with Solo Build It! (SBI!) ???? ????http://www.SiteSell.com

Everyday solopreneurs building extraordinary businesses… Every day.

Building a website correctly is just one step out of 10 in SBI!'s comprehensive, business-building process.

SBI! guides you methodically through every part of building an online business, from the beginning (evaluating, picking and refining your business concept) to the "end" (growing the largest and most stable income possible). — Solo Build It! ("SBI!") is the ONLY product that enables you to build online businesses at the highest rates & levels of success.

The proof?

SBI! delivered 9X to 115X more high-traffic successes in scientific, objective and VERIFIABLE head-to-head studies vs. Wix, WordPress, Squarespace, and GoDaddy.

 

Succeeding by Helping Others Succeed in MarketHive

Succeeding by Helping Others Succeed in MarketHive

What do you think about self-help gurus that achieve most of their success (financial or otherwise) through the vehicle of their work as a self-help guru?

What can we say about a motivational speaker who talks about success but whose greatest success is being successful at speaking about success?

I see no problem with this, as long as the speaker is honest.

Problems occur when a speaker pretends to be something s/he is not, such as falsely claiming to be a millionaire through a prior business that was in truth a financial disaster, while reaping massive profits from book and seminar sales that teach people how to get rich.

I believe it’s wonderful to run a business centered around helping people, even one that follows a recursive pattern like helping people help others in the same way you’re helping them. If the demand for such work is there and if it truly benefits people, then this is a perfectly acceptable business model. In fact, I think it’s one of the more intelligent business models available. Why not help yourself by helping others?

I ran a computer games business for more than a decade and enjoyed some success with it. I could have continued to grow that business, but a funny thing happened along the way. I started writing articles to help other independent software developers, and over a period of years, my articles became more popular than my games. In the long run, I had a greater impact by teaching other people how to run a business like mine as opposed to minding my own business. More creative games were released into the world as a result of the articles I wrote, many more than I could have developed within my own company.

As I began writing articles that weren’t limited to software developers, on topics like goal-setting and productivity, my influence widened. Soon people were coming to my games site just to read the articles. Trying to sell games to those visitors made little sense, since most of them weren’t even interested in games.

Eventually I realized I could provide a better service (and ultimately build a better business) by writing more articles instead of releasing more games. It made no sense to continue publishing games when I had all these people coming to my games website looking for personal development advice.

It’s funny that even though I was running a computer games business, my passion for personal growth couldn’t help but come through.

Back then it was hard to get my head around what was happening. At first I saw the unplanned shift in my visitor demographics as a semi-annoying problem. I thought maybe I should stop posting new articles on my site. But eventually I recognized that this was a golden opportunity. If I could attract personal growth enthusiasts to an indie games site, imagine what I could do with a website that was actually focused on personal development. ????

Initially it was hard to step into the role of teacher. I kept thinking of the expression, “Those who can, do. Those who can’t, teach.” It didn’t help that many of my friends and associates in the gaming industry reacted with a similar attitude when I informed them of my decision to start a personal development website and to retire from the gaming industry.

I stuck with my decision though. The demand was too much to ignore. I had inadvertently stumbled upon a better way to provide value to people. The longer I kept publishing games, the more I felt I was wasting time. By holding back on the personal development side, I was robbing people of a better service I could have been providing.

Although I don’t actively encourage people to start up their own personal development websites, hundreds of people have told me they started blogs and websites because of my work, often crediting articles like How to Make Money From Your Blog and 10 Reasons You Should Never Get a Job. Most of those sites were on personal growth topics as well.

At first I wasn’t sure if this was a good thing. I wasn’t worried about competition because I don’t think in terms of scarcity, but I was concerned that there were too many people jumping into the field, and I knew most of them would fail. Most people just aren’t serious about this kind of work and quit within a few months. But some of them committed themselves and achieved great success; many were able to quit their day jobs as a result.

It’s rewarding to visit some of these sites today and see how far they’ve come. They continue to provide a valuable service to their visitors. Moreover, the site owners are contributing much more value than they ever did before.

Most of these newer sites are run by people much younger than I am. For many it’s their first real business venture. They may not have much real-world experience to share, but they do have the desire to help people. This desire pushes them to work on their own growth, so they can have something to share that’s effective. Generally, those who try to fake success don’t get very far, but those who are honest about sharing their journey along the way can definitely provide a lot of value.

It isn’t necessary to be some kind of uber-guru in order to help people. You don’t have to make a ton of money, find the perfect relationship, or achieve your ideal physique before you’re able to contribute. You can start by sharing what you know, which is probably a lot more valuable than you give yourself credit for.

You don’t need to be a guru to write articles like that. It’s not that difficult to share what you know.

You don’t have to be the best at everything. You can still put yourself out there. You can still make a contribution. You can still give something of value to people.

How do you know if what you have to share has value? Share it first, and you’ll soon find out. If it provides value, people will tell you. If it doesn’t, people will usually ignore you. As long as you’re getting ignored, keep experimenting by trying to provide value in new and unique ways. Maybe you have a sweet voice and would be better at podcasting than blogging. Or perhaps video would be a better outlet for your creativity. The only limits are in your thinking.

When I released my first independently-developed computer game, it was largely ignored. It took me six months to develop it, but nobody cared. My next game sold a little better, but it was still basically a flop. I tried different game styles and different genres. It took several releases, but eventually I created an award-winning game that sold well for years. It took about five years of trial and error to align my game development skills with creating value for others.

Five years may seem like a long time, but I was coming from a place of knowing virtually nothing about how to run a business when I started. It took a long time to calibrate my skill set to market realities. In the beginning I was trying to create a product to sell, something that would make me money. But in the later years, I focused on offering games that people would love. That is a huge difference in mindset.

When I launched StevePavlina.com, I was able to start providing value to others much more quickly because I wasn’t stuck thinking about making money. I focused on the service side. I soon figured out how to use my skills to give people what they need and want.

I sometimes get emails from people complaining that they aren’t getting rich after blogging for only a few months. One blogger emailed me today to express disappointment that he hasn’t yet surpassed 100 visitors per day. He started his blog less than a month ago. Is it me, or are people getting a little impatient these days?

The most important result to track isn’t how many visitors your website is getting or how much money you’re making. Instead, figure out whether you’re actually making a difference in people’s lives. Are you helping people? Are you providing strong value? If you’re providing genuine value, time and referrals will take care of most of your other key metrics.

Recently I was talking to a friend in the personal development field. Business-wise he and I both had record years in 2008, and we each expect 2009 to blow it away. We joked about the rest of the economy crashing down around us. Why do we feel so optimistic when so many people are nervous? Because we know that we’re providing real value to people. We know that our skills are aligned with contribution. We also have the capacity to do a lot of good for people who are financially struggling, looking for career changes, or feeling uncertain about the future.

Erin is in the same boat. During a recession, more people feel uncertain about the future, and she offers intuitive readings that provide people with great clarity about their lives. Consequently, her income saw significant growth last year as well. Why? Because her skills are aligned with helping people get what they need.

Helping people grow is a service that’s in very high demand. It doesn’t matter that we’re in a (media-fueled) recession. That just means people are more keen to reduce low-value expenditures, and they’re more sensitive to spending money wisely — on purchases that provide the best bang per buck for them. If you’re providing weak value, you’re on shaky ground during a recession. But if you’re providing solid value that meets human needs, a recession can create even bigger opportunities for you — people will drop the fluff from their lives and seek you out instead.

When your business model is no longer fed by sufficient demand, you can always switch to doing something else. But if there’s one thing humanity needs right now, it’s for more of us to step it up and embrace our true potential instead of settling for the limited roles assigned by our social conditioning. In our current environment, there’s still plenty of room for more people to start businesses based on helping and encouraging others to grow. We’re a long way from being over-saturated in this area.

"Republished from StevePavlina.com"

CMS and CRM – FREE and UNLIMITED – only at MARKETHIVE

CMS and CRM – FREE and UNLIMITED –  only at MARKETHIVE

CMS (Content Management System) and CRM (Customer Relationship Management) provides two separate objectives in the business software realm. A small business needs both a CRM and CMS and Markethive has them both built-in to make it easier for you. The next generation Inbound Marketing Social/Market Network built on the Blockchain with everything needed to succeed under one umbrella.  

 

What Is A CMS? [Content Management System]

You’ll need a CMS from the outset to build your website/capture page, create content on your blogging platform and get your business up and running. (Think WordPress or Markethive) Even if you're not in business, but want an online presence to showcase a product, start a blog or promote your services, you will need a CMS. 

Key features of Markethive CMS include:

  • Custom domain names: When you join Markethive you receive (for free) a CPanel control panel and WordPress system built into your assigned domain, a subdomain of hivesfeed.com

  • Web hosting: Store your website and all of its data either in the CMS or by integrating with a popular web hosting platform.

  • Site editor: Change the layout of your site, either using code or a drag-and-drop editor.

  • Content Library: Store content for publication including images and videos. 

  • Online-store: Set up a catalog of products and integrate a payment portal so users can shop online via your website.
  • Manages the creation and modification of digital content and typically supports multiple users in a collaborative environment. 

  • Markethive provides capabilities for multiple users to manage content, data and/or information of a website project, or campaign but gives you 100% control of your data. 

Markethive assists you in managing content creation, editing, archiving, publishing, collaborating on, reporting, distributing website content, data, and information.

 

What Is CRM? [Customer Relationship Management] 

CRM is quite different. CRM solutions organize and manage information about leads and customers, and so it is a very important tool. Businesses, sales and marketing teams can utilize this tool to keep track of their leads and make sure they’re communicating with their customers at the most opportune times.

You will need a CRM when you start to accumulate leads and build up your client base. (Think Salesforce or Markethive)  

Key features of a Markethive CRM include:

  • Contact management: Markethive acquires high-quality connections (leads) we call “associates”. In doing so, you have access to call them on their verified cell phone, email them on their verified email, message them through the Markethive system and the multiple social networks our system nurtures each subscriber to add to their account. 

  • Groups System: There is also the groups' system that shares your customized funnel systems with all Markethive members. Markethive is rich in data, but unlike the other systems, your data is yours and their data is theirs.  Only You control it, not Markethive.

  •  Interaction tracking: Document every interaction that you’ve had with your customer, including phone calls, support requests, and purchase history.

  • Lead management: Allows you to sort to specific folders, sort by Social network, GEO, email, phone, capture page. Transfer from one group to another and delete. Markethive also has funnel page systems that capture leads for you through the Markethive One Click Widget

  • Email management: It has utilized the OAuth technology to capture data via capture widgets through a choice of Social Media Sites situated on your capture pages, blogs and profile pages. You can send email campaigns or follow up directly from your CRM.  Email Deliverability: Main Inbox  99.97% Spam 0.0% Tabs 0.0%  Missing 0.03%  

Free when you subscribe to Markethive. There are no limitations on the amount or size of your list of subscribers and no upcharges. 100 addresses or 1 million addresses, you will experience nearly 100% delivery for no costs, for free.

 

Leads Funnel Technology

Markethive funnel technology is the epitome of Inbound Marketing, or Automated Marketing designed to draw visitors and potential customers in, generating massive leads and customers. Your system includes capture pages, survey pages, and your profile page all serving to bring traffic into your platform turning traffic into visitors, then leads, then customers and eventually promoters on your team.  Organic, qualified leads for your business on a platform where you can cultivate those leads into long term clients. A system that meets marketers needs on every level.

Markethive’s capture pages are twofold. Create capture pages to build referrals into Markethive, direct them to a specific group, set up specific autoresponders. Choose from a vast selection of thumbnail templates, or build a more sophisticated capture page with custom configurations for the more seasoned marketer. Either way, similar systems sell for over $200 per month and are complex and less effective than Markethive’s one-click proprietary enrolment widgets. All of this included for free to the moon Markethive.

 

Markethive On Blockchain With MHV Consumer Coin 

Markethive is a Social Media Market Platform that is essentially a hybrid between the social networks, Inbound Marketing, eBay and exchanges. What makes Markethive different to other alternatives is it's built on the Blockchain providing transparency; anyone can look at how we function and see that we are not spying on you. It also means everything you do is encrypted and private. The platform is completely decentralized, encrypted, private and secure. All of our code is open source, meaning privacy, transparency and free speech is foundational.

The Consumer coin, MHV, is being utilized within the Markethive exchange by way of airdrops, the faucet system, which rewards associates using the platform,  bounties, and loyalty rewards and the upcoming vault. So the coin is used within the commerce of the system thus creating the velocity. The Revenue is a vehicle that is used to buy the Markethive coin back in the free market so it can be redistributed into the economic vortex of the system. This is a fundamental difference to the other systems currently out there today.

The Markethive system has been developed to produce revenue in the traditional sense with the added benefits of the blockchain taking it to the next level. Markethive is a philanthropic endeavor. To give, not take. To help not exploit.

 

 

Conclusion 

This is the next generation of all things from the past. This is where it's at. Combining all forms of media and marketing built on the blockchain is the new era of online business. No more standalone platforms with the need to integrate with 3rd parties to create optimum leads and results. Markethive, 20 years in the making has had the forward-thinking and tenacity to integrate the latest technology to deliver a complete ecosystem for anybody aspiring to work online. 

 

ecosystem for entrepreneurs

 

FOLLOW US ON…

Website: https://markethive.com 

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Twitter: https://twitter.com/markethive/

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Deb Williams
Market Manager for Markethive, a global Market Network, and Writer for the Crypto/Blockchain Industry. Also a strong advocate for technology, progress, and freedom of speech.  I embrace "Change" with a passion and my purpose in life is to help people understand, accept and move forward with enthusiasm to achieve their goals. 
 

 

 

The Crypto Daily The Movers and Shakers 240719

 

The Crypto Daily – The Movers and Shakers 24/07/19

The bears eye a 4th day in the red, with sub-$8,000 levels for Bitcoin investors likely to cause some angst for the broader market.

Bitcoin slid by 4.57% on Tuesday. Following on from a 2.29% fall from Monday, Bitcoin ended the day at $9,859.

A particularly bearish morning saw Bitcoin slide from an early intraday high $10,330.9 to an early afternoon intraday low $9,820.

Steering clear of the major resistance levels, Bitcoin fell through the first major support level at $10,188 and second major support level at $10,048.

Holding above the 38.2% FIB of $9,734 and third major support level at $9,657 was the only positive from the session.

Finding support through the afternoon, Bitcoin recovered to $10,200 levels before sliding back to sub-$10,000 levels.

It was Bitcoin’s first sub-$ 10,000-day end since 17th July.

Bitcoin’s market cap slid back from $183bn levels to $173.02bn at the time of writing.

 

The Rest of the Pack

Across the rest of the top 10 cryptos, it was a mixed bag for the majors on the day.

Bucking the trend on the day were Bitcoin Cash SV and EOS. Bitcoin Cash SV rallied by 2%, while EOS rose by 0.91%.

It was red for the rest of the pack, however. Tron’s TRX led the way down on the day, sliding by 8.95%.

Litecoin (-5.36%) and Binance Coin (-4.51%) also saw heavy losses on the day. It was a somewhat better story for Ethereum, which fell by 2.39%.

Bitcoin’s dominance eased back to 64% levels before recovering to 65% levels. Bearish sentiment across the broader market outweighed the effects of Bitcoin’s losses over the course of the last day.

On the day, the total crypto market cap slide from $281.9bn levels to $265.97bn at the time of writing

 

This Morning,

At the time of writing, Bitcoin was down by 1.94% to $9,667.3. A particularly bearish start to the day saw Bitcoin fall from a morning high $9,861.7 to a low $9,612.7

The early sell-off saw Bitcoin fall through the 38.2% FIB of $9,734 and first major support level at $9,675.70.

Bitcoin left the major resistance levels untested.

Elsewhere, Bitcoin Cash ABC (-4.02), Binance Coin (-4%), and Bitcoin Cash SV (-4.69%) also saw heavy losses.

 

The rest of the pack weren’t far behind, in the early part of this morning. Ethereum also struggled, down 3.77% at the time of writing.

For the Day Ahead

A move back through the 38.2% FIB of $9,734 would bring $10,000 levels back into play. Bitcoin would need the support of the broader market, however, to break out from the 38.2% FIB.

In the event of a broad-based crypto rebound, a move back through to $10,000 would bring the first major resistance level at $10,186.6 into play.

We would expect Bitcoin to fall well short Tuesday’s high $10,330.9, however.

Failure to move back through the 38.2% FIB of $9,734 could see Bitcoin fall deeper into the red. A fall through to $9,500 levels would bring the second major support level at $9,492.4 in play.

Barring an extended crypto sell-off through the day, the second major support level should limit any downside on the day.

 

 

Bob Mason

Jul 24, 2019 04:04 AM GMT

Alan Zibluk Markethive Founding Member

Analysts Alex Kruger and Josh Rager give their Bitcoin Predictions

Analysts Alex Kruger and Josh Rager give their Bitcoin Predictions

Analysts Alex Kruger and Josh Rager give their Bitcoin Predictions

 

Cryptocurrency analyst and economist Alex Krüger says investors should welcome the current withdrawal of Bitcoin and points out that Bitcoin will increase faster and sharper.

Bull market corrections are unavoidable and should be welcome. Assets that go too far up too fast tend to crash the hardest. As everyone who speculated with the price of bitcoin during 2017 and 2018 well knows.

In the short term, analyst Josh Rager points out that BTC ‘s previous support on the one-hour chart shows resistance, suggesting that Bitcoin could fall below $10,000.

$BTC Breaking down to support zone

On 1 hr chart showing top of support zone now acting as resistance

Not a great sign for bulls and want to see price break back up in neutral territory

Continue to watch this area for a break $,10,189 will lead back down to 4-digit BTC

Crypto Money Market

When we look at the price outlook of the crypto money market, we see that Bitcoin experienced a 3% decrease. Bitcoin is traded for $ 10,272. The volume in the last 24 hours is around 16 billion dollars. The market value of Bitcoin is around 183 billion dollars at the time of writing.

When we look at Ethereum, the king of the Altcoins, we see that it traded at $216 with a decline of about 4%. Ripple’s XRP is also down and is trading at $ 0.3

Looking at the coins in the top ten of the crypto currency world, Litecoin traded at $ 94, down 4.80%, Bitcoin Cash at $ 309, down 3.77%, and Binance Coin at $ 30.47, down 0.54% as seen in the

EOS, the number eight in the crypto currency world, traded at $ 4.1 with a decline of 5.77%, while Bitcoin SV, which has seen an effective increase in recent days, is trading at $ 171 with a 0.98% drop. Finally, Tron is trading at $ 0.026, down 9% at the time of writing.

 

BY TULIKA JAIN ON JULY 23, 2019

Alan Zibluk Markethive Founding Member

Get Pa1d to Chat With Family amp Friends – Free to Join

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Alan Zibluk Markethive Founding Member

Dear Cable or Satellite TV YOU’RE FIRED

SOUND FAMILIAR?

Did you know that on average, people are spending anywhere from $100 to over $200 a month for their cable or satellite TV services presently, and you’d be hard-pressed to find anyone who is satisfied with their service or their current providers. 
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How would you like to tell your current provider this ………

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To your shrinked cable costs and

Best success

Bitcoin is a rollercoaster ride

Bitcoin is a rollercoaster ride

hen we started work on this article, we were going to talk about the explosive growth in Bitcoin value. But as we prepared to publish, the cryptocurrency experienced a massive devaluation that could have serious implications for investors.

The highs of cryptocurrency investment

In December 2018, Bitcoin (BTC) reached its lowest point of the year, with each virtual coin worth about $3,200. Over the next sixth months, demand helped to raise values significantly.

By the end of May, BTC breached the $10,000 mark. Four weeks later and coins were worth $12,867. The currency quadrupled in value over the course of a few months, helping to create some seriously rich cryptocurrency investors.

The lows of cryptocurrency investment

Within the span of a few hours today though, everything changed. In the span of one hour, Bitcoin lost $1,000 in value. By the end of the day, BTC was trading below $9,500.
This is not a record low, but around $10 billion was lost from the BTC market in just one day.

The problems with cryptocurrencies

Cryptocurrencies like Bitcoin, Ethereum and Ripple are designed to be free of the control by central banks like the Federal Reserve or the Bank of England. As a result, these virtual currencies are free from the control placed on traditional ‘fiat’ currencies like US Dollars, British Pounds and Euros.

But it is precisely this lack of control that allows the massive swings in value as we have seen recently. Without the normal financial mechanisms used to stabilise currency value fluctuations, Bitcoin can swing wildly. Although unlikely, it is entirely possible that BTC could be worth $25,000 tomorrow, and nothing at all by the end of the week.

Gaming the system?

Without central bank controls and foreign exchange regulators, Bitcoin value is open to manipulation by unscrupulous investors. It is entirely possible that the value of Bitcoin has been artificially inflated, allowing speculators to sell their coins for a massive profit. And once the value crashes, they can buy more BTC, wait for the value to increase, and then sell for another large profit.

For most people, Bitcoin manipulation isn’t a problem because they simply don’t use them. However, many financial experts believe that cryptocurrencies will become more mainstream – Facebook’s Libra coin is sure to gain plenty of attention once it finally launches.

Trading Bitcoin

If you’re interested in trading Bitcoin, you should seek professional guidance from an independent financial adviser. You should also ensure your computer is properly protected by an anti-malware tool to ensure your digital wallet (used to store cryptocurrency) cannot be stolen by cybercriminals. You can download a free Panda Dome trial here.

For everyone else, you can expect to see more headlines about the crazy Bitcoin rollercoaster in the near future.

 

 

July 22, 2019

Alan Zibluk Markethive Founding Member

Bitcoin BTC Price Weekly Forecast – Approaching Next Crucial Break

Bitcoin (BTC) Price Weekly Forecast - Approaching Next Crucial Break

Bitcoin (BTC) Price Weekly Forecast – Approaching Next Crucial Break

  • There was a solid upside correction initiated from the $9,100 swing low against the US Dollar.

  • The price gained traction after it broke the key $10,000 resistance area and traded towards $11,250.

  • There was a break above a major bearish trend line with resistance at $10,400 on the 4-hours chart of the BTC/USD pair (data feed from Kraken).

  • The pair tested a crucial resistance near $11,250 and it is currently correcting lower.

Bitcoin price is showing positive signs above the $10,250 support against the US Dollar. However, BTC must break the $11,250 resistance zone to continue higher in the near term.
 

Bitcoin Price Weekly Analysis (BTC)

This past week, bitcoin price extended its decline below the $10,000 support against the US Dollar. The BTC/USD pair even broke the $9,500 support and settled below the 100 simple moving average (4-hours). Finally, the price traded close to the $9,000 and formed a swing low near $9,100. A support base is formed above $9,200 and the price started an upside correction.

The recent wave was positive as the price broke the $10,000 and $10,250 resistance levels. The price even surpassed the 50% Fib retracement level of the last major slide from the $11,920 swing high to $9,101 swing low. Moreover, there was a break above a major bearish trend line with resistance at $10,400 on the 4-hours chart of the BTC/USD pair. The price climbed above the $10,800 resistance and even spiked above the $11,000 level.

However, the upward move was capped by the $11,250 resistance area and the 100 simple moving average (4-hours). The 76.4% Fib retracement level of the last major slide from the $11,920 swing high to $9,101 swing low also acted as a Looking at the chart, bitcoin price clearly tested a crucial resistance near $11,250. Therefore, a clear break above $11,250 is needed for the bulls to gain control in the coming sessions.

Major Resistance Level – $11,250strong resistance. As a result, the price started a downside correction below the $11,000 level. At the outset, it seems like there is a rising channel forming with support near $10,500.

If there is a downside break below the channel support, the price could decline towards the $10,250 or $10,000 support area. On the upside, the main resistance is near the $11,250 level and the 100 simple moving average (4-hours). A successful close above the $11,250 is must for more gains. If not, the price could start a fresh decrease below $10,500.

Technical indicators

4 hours MACD – The MACD for BTC/USD is struggling to gain traction in the bullish zone.

4 hours RSI (Relative Strength Index) – The RSI for BTC/USD is still above the 50 level.

Major Support Level – $10,250

 

 

By Aayush Jindal

 

Alan Zibluk Markethive Founding Member