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Bitcoin Price Analysis: Upward Drift Continues Following Established Macro Support

Since mid-February, the bitcoin market has continued to drift upward toward a band of strong, macro resistance (shown below as a red band). This slow, drift upward marks our fourth test of the resistance zone and, unlike the three prior tests, our rejection of the level has shown a weakness on the side of the bears:Figure 1: BTC-USD, Daily Candles, Fourth RejectionIf we compare the three prior rejections (labeled 1, 2 and 3), we see that the move into this resistance level was violent — and had equally violent rejections. дальше »

2019-3-29 02:21


Newsflash: Bitcoin Price Stumbles Below $4,000; No Fret, A Swift Rebound is Coming

In the past several hours, the bitcoin price slipped below the $4,000 mark from $4,035 to $3,934, recording a 1 percent drop against the U. S. dollar. Given the fact that it took nearly three weeks for bitcoin to break out of the $3,000 region and reach $4,000, the sudden drop in the price of bitcoin below the $4,000 level initially led traders to reconsider the near-term price trend of the dominant cryptocurrency. дальше »

2019-3-26 11:50