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Bitcoin Price Analysis: Another Red Day Pushes BTC Into Deeper Support Test

Bitcoin has tumbled again today as the market continues to see further downward movement shortly after breaking two areas of market support. So far, bitcoin is down 15% on the day — 25% in 1 week:Figure 1: BTC-USD, Daily Candles, Downward ContinuationThis drop below support is starting to display hallmarks of market capitulation. дальше »

2018-11-20 02:27


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Bitcoin Price Analysis: Yearly Support Breaks as Bitcoin Tests Underlying Demand

After months and months of consolidation, the yearly support finally broke and now bitcoin has found itself in the lower $5000s for the first time since 2017:Figure 1: BTC-USD, Daily Candles, Broken SupportBitcoin managed to drop a staggering 16% yesterday as the market sliced through the long held support like a knife through butter. дальше »

2018-11-16 01:28


Bitcoin Cash Price Analysis: Bitcoin SV and Bitcoin ABC impasse Threatens to Drive BCH to $300

Overly, Bitcoin Cash prices are stable but down 10 percent in the last day. Even if BCH is technically bearish and made worse by the lack of consensus ahead of November hard fork, Bitmain successful IPO and bottoming BTC prices could be the impetus to reverse recent losses driving prices back to $600 and even […] дальше »

2018-10-18 17:35


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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: Potential Reaccumulation Could Test Bear Trend

Last week, after a devastating move that shook the market violently up and down for a 7% move in just a few short minutes, bitcoin saw a major sign of strength as it proceeded to have a slow, but steady markup where it managed to establish a local high in the $6,800s:Figure 1: BTC-USD, Hourly Candles, Shakeout Prior to MarkupThis shakeout forced the market to temporarily establish a new monthly low in what could be argued to be a stop-hunt prior to the move to the $6,800s. дальше »

2018-9-24 21:29


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Odds of Bitcoin Price Hitting $3K ‘Getting Less Favorable,’ Says Trace Mayer

Bitcoin price could continue dropping for up to another nine months and hit $3000, cryptocurrency investor and media personality Trace Mayer forecast September 16. Bitcoin $3k Chances ‘Less Probable’ In a tweet linking to his so-called ‘Mayer Multiple’ price analysis tool, the entrepreneur said that while a $3000 price tag for Bitcoin would be “hopeful,” the odds of it happening were now decreasing. дальше »

2018-9-17 19:00