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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


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Bitcoin Price Analysis: Consolidation Breaks Out Into Macro Resistance Test

Over the course of the last 10 days, bitcoin has managed to rally nearly 20% in value as it burst through two major resistance levels and is now beginning the test of a major macro level:Figure 1: BTC-USD, Daily Candles, Macro ResistanceWe can see a clear, descending supply-and-demand channel that governed the market for the last two months. дальше »

2019-2-20 01:38


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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


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Bitcoin Price Analysis: Strong Move Likely Following Tightly Coiled Market

Days and days of sideways consolidation and tightening volume has been the name of the game for the bitcoin market. A narrow range of $200 has caused a weeks worth of activity to coil and consolidate in preparation for bitcoin’s next move:Figure 1: BTC-USD, Daily Candles, Narrow RangeThe figure above shows just how narrow the range has been over the last week as the market has continued to grind out support and fail to break above overhanging resistance. дальше »

2019-1-26 03:13


Bitcoin Trades Flat, Finds Stability Above $6,200 Support Level as it Celebrates 10th Birthday

Bitcoin, the original cryptocurrency, has had a tough year, and is presently resting on its $6,200 support level as it celebrates its 10th birthday. Despite having a fundamentally successful year filled with countless examples of increasing adoption, the markets are still weak, and have been unable to break through their September highs. дальше »

2018-10-31 20:00


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Crypto Markets misses $ 24 billion in single day, returning to Pitcin for $ 6400

On Tuesday, July 10, Bitcoin along with the cryptocurrency market witnessed a major pullback on the charts with the entire market losing $24 billion in one single day. On Sunday, July 8, Bitcoin crossed $6800 point and everyone was optimistically eyeing it to break the $7000 resistance. During the early hours on Tuesday, overall market дальше »

2018-7-11 13:16


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Bitcoin will drop below $ 6400, Crypto Markets loses $ 24 billion in single day

On Tuesday, July 10, Bitcoin along with the entire cryptocurrency market witnessed a major pullback on the charts with the entire cryptocurrency market losing $24 billion in one single day. On Sunday, July 8, Bitcoin crossed past $6800 and everyone was optimistically eyeing it to break the $7000 resistance. At the press time, Bitcoin is дальше »

2018-7-11 11:16


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Bitcoin Market ‘Still in a Growth Phase,’ Says Bullish Trading Expert

Octagon Strategy trader Ryan Rabaglia reminds investors to look at the bigger picture for Bitcoin, while claiming increased regulation will eventually drive prices higher. ‘The Markets are Still in a Growth Phase’ A trending belief in the cryptocurrency space over recent months is that increased regulatory clarity will drive the price of Bitcoin higher and help it break out of a half-year-long bearish trend. дальше »

2018-7-3 10:00