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Bitcoin Price Analysis: Strong Move Likely Following Tightly Coiled Market

Days and days of sideways consolidation and tightening volume has been the name of the game for the bitcoin market. A narrow range of $200 has caused a weeks worth of activity to coil and consolidate in preparation for bitcoin’s next move:Figure 1: BTC-USD, Daily Candles, Narrow RangeThe figure above shows just how narrow the range has been over the last week as the market has continued to grind out support and fail to break above overhanging resistance. дальше »

2019-1-26 03:13


Ethereum Price Analysis: ETH Outperforms Among Top 3 Cryptocurrencies

Similar to the market leader Bitcoin, Ethereum underwent a bearish drop today but has since recovered and is currently recording an increase on the daily candle. If Fibonacci retracements are drawn from Decembers low to January’s early high, we can see that price has been finding support and resistance at a number of the levels. дальше »

2019-1-22 19:19


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Coinstar KYC Hurdles Are Hurting Bitcoin User Experience

Coinstar’s initiative to support buying bitcoin at 20,000 locations in the US is facing mixed reviews days after it launched as users complain about high costs and poor performance. AML/KYC Overload Coinme, the Bitcoin ATM operator which began offering purchases in 2014, teamed up with change counter Coinstar last week to let customers purchase bitcoin for cash using the same apparatus. дальше »

2019-1-21 20:00


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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


Bitcoin [BTC]: Price Fails to Overcome Resistance

Bitcoin got off to a strong start to the week with an early surge on Monday. Price failed to follow up on this surge and met resistance at $3684 which was an important prior point of support. With price having retraced from the $3684 resistance level, Monday’s surge looks to have formed a lower high […] Bitcoin [BTC]: Price Fails to Overcome Resistance was originally found on Cryptocurrency News | Blockchain News | Bitcoin News | blokt.com. дальше »

2019-1-16 18:24


Insights On Japan’s Possible Crypto ETF Support, Will This Also Foster an Approval from the US SEC?

The high level of concern that the Japanese government through its Financial Services Agency had caused to the crypto market and not just the crypto users, investors and exchanges in Japan could not be forgotten soon around old-time crypto users after the Coincheck hack of Jan 2018, which led to a loss of more than […] The post Insights On Japan’s Possible Crypto ETF Support, Will This Also Foster an Approval from the US SEC? appeared first on ZyCrypto. дальше »

2019-1-9 12:06


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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