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Bitcoin Price Analysis: After Sudden Upswing, Bitcoin Price Drifts Downward

Last week, we saw a violent move to the upside as bitcoin rallied 11% over the course of one day. Since peaking in the upper $3,600s, bitcoin has seen close to zero bullish follow-through, and the price has begun to drift downward over the course of the last week:Figure 1: BTC-USD, Hourly Candles, Downward DriftDownward-drifting markets like this can often be a sign that distribution is taking place. дальше »

2019-2-15 00:21


Bitcoin (BTC) Price Analysis: Bears Still Have the Upper Hand

Bitcoin looks ready to resume its slide as it bounced off the mid-channel area of interest once more and is eyeing the Fib extension levels as downside targets. Price is closing in on the 38.2% level at the $3,450 area and might move all the way down to the 50% level that lines up with […] The post Bitcoin (BTC) Price Analysis: Bears Still Have the Upper Hand appeared first on Ethereum World News. дальше »

2019-2-5 04:17


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Bitcoin Price Analysis: Major Support Broken on Expanding Volume and Spread

After weeks of consolidation, bitcoin finally broke through support. The market now finds itself cruising toward prior lows. On expanding volume and spread, the bitcoin market appears ripe for a continuation of the downtrend:Figure 1: BTC-USD, Daily Candles, Broken SupportAlthough the current daily candle has yet to close, unless there is a strong influx of demand hitting the market, it stands to reason that bitcoin will be closing a new daily low for the first time since mid-December. дальше »

2019-1-29 02:01