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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


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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


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Bitcoin’s Market Cap Falls Below $100B, Mirrors Crypto Market’s $27.5B Decline In Just 11 Hours

After weeks of relative calm, the predicted massive Bitcoin price movement finally happened. Unfortunately, it did not move in the upward trend that everyone was hoping for. Instead, the price of the world’s largest crypto suffered a massive decline, with its price decreasing by almost $800 in just 11 hours. дальше »

2018-11-15 21:44


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Bitcoin Price Analysis: High Shorts Count Could Signal Price Hike

Once again, bitcoin finds itself precariously perched on the bottom of its macro trading range (TR). After a strong round of selling over the course of two weeks plunged the price back to the $6,000s, bitcoin began consolidating for several weeks at the bottom of the TR:Figure 1: BTC-USD, 1-Day Candles, Macro TRAs shown in the figure above, the market has interacted several times at the current price range and it has been a source of three major bullish rallies. дальше »

2018-8-25 00:42