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Bitcoin Price Analysis: Slow Grind Could Lead to Short Squeeze

Last Friday, we discussed a macro resistance level bitcoin would likely test. The level was tested three times prior and immediately rejected. Now, for the fourth time, we find ourselves situated above the level as we wait to see if our support holds:Figure 1: BTC-USD, Daily Candles, Fourth Test of Macro ResistanceThe first three attempts to hold support above the black, broken resistance have been stifled with relatively high amounts of volume. дальше »

2019-3-19 01:17


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Bitcoin Price Analysis: Keep an Eye Out for a Close Above the Current High

Shortly after falling from its test of the low $4,000s, bitcoin managed to find support in the mid $3,500s. This has proven to be a relevant level over the last few months, and finding support here would be a sign of relatively strong demand:Figure 1: BTC-USD, Daily Candles, Local SupportThe high candle spread rejection following our test of the low $4,000s was an indication that we had strong levels of supply left in the market, but for the time being we are holding support. дальше »

2019-3-1 03:44


Bitcoin (BTC) Daily Price Forecast – February 28

Price of Bitcoin is ranging above the $3,900 price level. If the bulls fail to break above the EMAs, the crypto will continue its range bound movement. BTC/USD Medium-term Trend: Ranging Resistance Levels: $6,800, $6,900, $7,000 Support levels: $3,800, $3,700, $3, 600 Yesterday, February 27, the price of Bitcoin was in a sideways trend. Price […] дальше »

2019-2-28 09:18


Analyst: Bitcoin (BTC) Likely to Drop Towards $3,200 Unless it Finds Continued Bullish Momentum

Following the market’s recent volatility, Bitcoin has firmly established $3,800 as a level of support and has been able to continue holding steady above this price point. Analysts are now pointing out that BTC is currently holding above key moving average support levels, which could be a positive sign for the cryptocurrency’s price. дальше »

2019-2-27 23:00


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Bitcoin Price Analysis: Bullish Rejection Wipes Out Bitcoin’s Weekend Gains

Over the weekend, a strong rally was stifled by an even stronger rejection as the bitcoin market was shoved into a band of overhanging resistance. This band of resistance has been mentioned several times in our analyses over the last few weeks as it has proven impossible to overcome for the time being:Figure 1: BTC-USD, Daily Candles, Failed BreakoutThis run to the low $4,000s coincided with a breakout of a rather large symmetrical triangle consolidation shown above. дальше »

2019-2-26 02:42


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Bitcoin Price Analysis: Bitcoin Tests Boundary Support as Demand Weakens

Following last Friday’s drop, bitcoin has found itself coiled, once again, at the bottom of the range it established back in December. With the current market unable to close a new high, the market finds itself in a precarious position:Figure 1: BTC-USD, Daily Candles, Range Support TestThe blue support level shown above illustrates the boundary of the multi-week range bitcoin has been bound by. дальше »

2019-1-18 02:02


STEEM Experiences Short-Term Recovery After Apparent Censorship From SteemIT — Can the Recovery Continue to Drive Price Action Above $0.30?

SteemIT have recently banned a user from their platform due to a violation of their TOS. However, it is… The post STEEM Experiences Short-Term Recovery After Apparent Censorship From SteemIT — Can the Recovery Continue to Drive Price Action Above $0.30? appeared first on Invest In Blockchain. дальше »

2019-1-16 20:52


STEEM/USD Experiences Short Term Recovery After Apparent Censorship From SteemIT – Can the Recovery Continue to Drive Price Action Above $0.30?

SteemIT have recently banned a user from their platform due to a violation of their TOS. However, it is… The post STEEM/USD Experiences Short Term Recovery After Apparent Censorship From SteemIT – Can the Recovery Continue to Drive Price Action Above $0.30? appeared first on Invest In Blockchain. дальше »

2019-1-15 20:52


Cryptocurrency Market sets out in a Bullish pattern, positions BCH, ETH and EOS for a price breakout

The cryptocurrency market has taken a rather impressive turn since the last 24hrs when most tokens and coins were only making a little above 2% to 4% in gains, but as usual, the unpredictable structure of the market has moved to a more trading friendly position as more and more tokens continue to attain gains. дальше »

2019-1-15 22:45