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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


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Bitcoin Price Analysis: Range-Bound Market Coiled for Next Move

For the better part of a month and a half, bitcoin has been fairly range-bound and unable to establish new lows or new highs. There are some bullish and bearish setups on the horizon for bitcoin, so let’s check out both sides of the argument because currently the market is sitting in the middle of Indecisionville — the most immediate sign of which is this glaringly obvious head-and-shoulders bottom reversal pattern:Figure 1: BTC-USD, Daily Candles, Head-and-Shoulders BottomThis current pattern is nothing more than a setup at the moment, but it represents one potential outcome of this sustained consolidation. дальше »

2019-1-4 02:22


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Democrats Victories in California, Colorado Gubernatorial Elections Good for Bitcoin

At a time when the bears have the upper hand in the cryptocurrency markets, the recent victories for blockchain and crypto loving political candidates in the recently concluded 2018 midterm elections within California and Colorado could be the much-needed catalyst for another bullish rally soon, reported ETF Trends, on November 7, 2018. дальше »

2018-11-9 06:00


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Bitcoin Price Analysis: Bulls Defend Yearly Support Amidst Wall Street Slump

As Bitcoin price moves towards the second weekly close of October, we recap what happened during the week and look at the bullish versus bearish case for the number one cryptocurrency. 1 Day chart   Bitcoin price has spent most of October in a tight range oscillating between lows of $6400 and highs of $6,650 as it continued a slow grind towards the horizontal resistance, which has capped the cryptocurrency’s price since January 2018. дальше »

2018-10-15 20:00


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Bitcoin Price Analysis: All Eyes On $6800 Into The Monthly Close

As Bitcoin price approaches the Monthly candle close after a volatile day yesterday, we take a look at what’s going on in the market. 4 Hour Chart Looking that the daily chart, after closing the previous week at $6,700, Bitcoin began a bullish start to the week, trading at highs of $7,125 breaking the linear resistance by Tuesday. дальше »

2018-8-31 16:00


Bitcoin Trades Close to 200MA – Will This Stop the Bull Run?

Bitcoin’s price has soared over the past two weeks and with the price action approaching the 200SMA, the question on many trader’s minds is whether this will be enough to stop the bull run? Bitcoin is having its second consecutive loss today but with the drop being on low volume, it looks like the bullish […] Bitcoin Trades Close to 200MA – Will This Stop the Bull Run? was originally found on [blokt] - Blockchain, Bitcoin & Cryptocurrency News. дальше »

2018-7-30 17:04