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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


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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


Here’s What Top Crypto Experts Expect Will Happen to Bitcoin (BTC) by 2020

The past month has seen Bitcoin witness its second major monetary slide during 2018 (with the premier alt-asset currently valued at just over USD $4,000). And while many investors and enthusiasts had previously expected the altcoin market to scale to new heights by the end of this year, it seems highly unlikely Bitcoin will even […] дальше »

2018-12-4 18:54


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Bitcoin Price Analysis: Wait and See Where Recent Signs of Strength Lead

This week realized a big gain as bitcoin enjoyed a 25% rally from its local bottom before topping out around $4,400. Support currently appears to be established in the mid-$3,000s as the market remains indecisive over its next move:Figure 1: BTC-USD, Daily Candles, Current Support LevelFigure 1 shows the relevance of the current support level as it represents a previous support level that was never properly retested during last year’s parabolic bull market. дальше »

2018-11-30 01:45


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The Crypto Community Strikes Back; Bitcoin Moves Back Above $4,000 and Other Cryptos Follow

On November 29, Bitcoin continued its upward move as it breached $4,300. The cryptocurrency had previously gone to 14-month lows, declining by over 30% in just seven days. However, since the middle of this week, trading has been more bullish helping the cryptocurrency find its footing again in the market. дальше »

2018-11-29 15:14


Binance’s CZ shares bits of his Bitcoin Bear Market Story from 2015

It is certainly not “world’s cryptocurrency reminiscing day”, still, there’s been an innumerable amount of throwback stories from Bitcoiners. A reaction to the bearish reign, mostly expressed with anger, pain, and disgust, but for the likes of Binance’s CEO Zhao Changpeng, who had previously assured users to stay put and persist through the bloodbath, the […] The post Binance’s CZ shares bits of his Bitcoin Bear Market Story from 2015 appeared first on ZyCrypto. дальше »

2018-11-21 18:27


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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


Ethereum Classic (ETC) Daily Price Forecast – October 30

ETC/USD Medium-term Trend: Bearish Supply levels: $10.50, $11, $11.50 Demand levels: $8, $7.50, $7 The last week’s immediate demand price level has been breached southwards as it had once been previously recorded in the financial book of records of the ETC/USD market valuation on October 11. The correction in the market of this crypto that […] дальше »

2018-10-30 14:21


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Cryptocurrency Markets Remain Unimpacted From Global Stock Market Sell Off

Digital assets deviated from established behavior patterns on Thursday as a global stock market selloff failed to create a significant impact on the crypto market. During Asian trade, Bitcoin, Ethereum and Ripple’s XRP remained slightly low-key but didn’t experience a catastrophic fall that they experienced during the previous stock declines. дальше »

2018-10-26 17:59