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Bitcoin Price Analysis: Slow Upward Drift Tests Market Supply

A slow, grinding upward drift has been the name of the game for bitcoin’s market over the last few weeks. The upward drift is bringing us slowly to a level that was previously rejected violently:Figure 1: BTC-USD, Daily Candles, Upward DriftOur third rejection of the red resistance level shown above brought the market into a test of macro support in the mid-$3,000s. дальше »

2019-3-23 01:23


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Bitcoin Price Analysis: Slow Grind Could Lead to Short Squeeze

Last Friday, we discussed a macro resistance level bitcoin would likely test. The level was tested three times prior and immediately rejected. Now, for the fourth time, we find ourselves situated above the level as we wait to see if our support holds:Figure 1: BTC-USD, Daily Candles, Fourth Test of Macro ResistanceThe first three attempts to hold support above the black, broken resistance have been stifled with relatively high amounts of volume. дальше »

2019-3-19 01:17


How Will Bitcoin Investments Thrive If John McAfee’s $1 Million BTC Price Prediction Becomes a Reality?

Last year, John McAfee challenged the cryptocurrency industry with a $1 million price prediction for Bitcoin, which gained a lot of attention from the entire market. It is nice to dream that Bitcoin would reach this goal, but the consideration has not gone far beyond that pondering. Now, let us consider – how would someone’s […] дальше »

2019-3-14 05:39


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Bitcoin Price Analysis: Low Time Frames Show Signs of Life Amid Weekly Tests

Bitcoin continues to coil tightly within its range-bound market as the bulls and bears fight it out to see which is most dominant. On the lower time frames (TF), bitcoin is managing to find support:Figure 1: BTC-USD, 2-Hour Candles, Low TF SupportThe zone outlined by the green line in Figure 1 represents local support that has kept the market afloat for the last week and a half. дальше »

2019-3-13 22:26


Technical Comparison Between Zcash (Highly promising) and Bitcoin (The King)

Today, Bitcoin is trading at $3922 while Zcash is trading at $50. There is one thing that seems clear to the investors, and that is “Bitcoin is far valuable than Zcash.” Well, the age of how one cryptocurrency is better than the other based on price is fading in the period where policymakers are more […] The post Technical Comparison Between Zcash (Highly promising) and Bitcoin (The King) appeared first on ZyCrypto. дальше »

2019-3-11 15:32


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Bitcoin Price Analysis: New High Paves Potential Reversal Setup

After days and days of consolidation, bitcoin finally managed to break a new high for the first time in almost two weeks. This new high, so far, has been short lived, however, as it was almost immediately sold into by eager bears:Figure 1: BTC-USD, 4-Hour Candles, New HighOur current 4-hour candle is seeing a relatively easy retracement after days and days of an upward grind. дальше »

2019-3-9 02:08


Bitcoin (BTC) Establishes Fresh Support and Resistance Levels Following Weekend Volatility

Bitcoin has started Monday off trading up slightly after experiencing increased levels of volatility over this past weekend. BTC has so far respected $3,800 as a level of support, but also faces strong resistance around $4,200, which is the price point at which the cryptocurrency’s price dropped after touching. дальше »

2019-2-25 23:00


Bitcoin Price Evaluation Of $1,500,000 USD Per BTC Coin Surfaces If It Accounts For All Fiat And Gold Holdings

Bitcoin Could Be Valued At $1.5 Million USD Per Coin If It Absorbs All Fiat And Gold Holdings When Satoshi Nakamoto created Bitcoin, he was interested in creating a solution for the financial world that would take all far away from traditional finance companies and Wall Street and closer to having more freedom to own […] дальше »

2019-2-22 23:12