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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 Price Analysis Update: BTC Held Up by Weekly MA, But Still Following the “Parabolic Trend”

The leading cryptocurrency is back at above $3,900 looking to break the $4k mark. On March 4th, Bitcoin price went from $3,680 to $3,870 level seeing a surge of 5 percent. Since then, Bitcoin has been seeing a slight upward shift in the price as it slowly moved to the $3,890 mark. The leading cryptocurrency […] дальше »

2019-3-8 19:46


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Bitcoin Price Analysis: Keep an Eye Out for a Close Above the Current High

Shortly after falling from its test of the low $4,000s, bitcoin managed to find support in the mid $3,500s. This has proven to be a relevant level over the last few months, and finding support here would be a sign of relatively strong demand:Figure 1: BTC-USD, Daily Candles, Local SupportThe high candle spread rejection following our test of the low $4,000s was an indication that we had strong levels of supply left in the market, but for the time being we are holding support. дальше »

2019-3-1 03:44