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Bitcoin Price Analysis: Upward Drift Continues Following Established Macro Support

Since mid-February, the bitcoin market has continued to drift upward toward a band of strong, macro resistance (shown below as a red band). This slow, drift upward marks our fourth test of the resistance zone and, unlike the three prior tests, our rejection of the level has shown a weakness on the side of the bears:Figure 1: BTC-USD, Daily Candles, Fourth RejectionIf we compare the three prior rejections (labeled 1, 2 and 3), we see that the move into this resistance level was violent — and had equally violent rejections. дальше »

2019-3-29 02:21


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Bitcoin Price Analysis: Bullish Rejection Wipes Out Bitcoin’s Weekend Gains

Over the weekend, a strong rally was stifled by an even stronger rejection as the bitcoin market was shoved into a band of overhanging resistance. This band of resistance has been mentioned several times in our analyses over the last few weeks as it has proven impossible to overcome for the time being:Figure 1: BTC-USD, Daily Candles, Failed BreakoutThis run to the low $4,000s coincided with a breakout of a rather large symmetrical triangle consolidation shown above. дальше »

2019-2-26 02:42


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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


BitTorrent (BTT) Price Surges Following First Airdrop

BitTorrent (BTT) Price has surged with over 15 percent in the last 24 hours, following the company’s first airdrop. Justin Sun has announced the successful distribution of tokens. BTT Price on the Move Again In the last 24 hours, the price of BitTorrent Token (BTT) has surged with over 15 percent according to data from […] BitTorrent (BTT) Price Surges Following First Airdrop originally published on My Bitcoin News by David Moroe. дальше »

2019-2-12 08:56


Bitcoin (BTC) Price Lift-Off Coming Into View As Capitulation Nears?

Bitcoin has been treading water again and the last time that happened, in November at the $6,000 level, it was the prelude to a sharp fall. If that were true it would probably be good news for bitcoin as it would indicate that the final buyer capitulation required before there can be a sustained move […] The post Bitcoin (BTC) Price Lift-Off Coming Into View As Capitulation Nears? appeared first on Ethereum World News. дальше »

2019-1-28 23:21