Sideways Trading Suggests Bitcoin (BTC) Might be Looking at an Upward Price Push Soon

2019-1-27 20:07

Sideways Trading Suggests Bitcoin (BTC) Might Be Looking At An Upward Price Push Soon

The past week or so has seen Bitcoin witness an extended period of ‘sideways trading’— with the premier altcoin sitting tight between the $3,550-$3,650 price range for more than 5 days straight. While low-volatility is generally considered to be a good thing when talking about BTC, historically speaking, non-volatile price action has often been seen as a precursor to massive financial movement (be it in a positive or negative direction).

Bitcoin’s Price Has Remained Fairly Stable Recently

As most of our readers probably already know, Bitcoin is currently trading for a price point of $3,600. However, last Sunday, the premier asset was being sold for around $3.75k before dropping swiftly to $3.5k within the span of a few hours.

In a similar vein, over the course of the past 24 hours, BTC scaled up to a relative high of $3,650, but was immediately pushed back to its present levels— thus pointing to the fact that the currency is presently stuck to a trading range of $3,550-$3,650.

As soon as news of the above-stated trend started to gain mainstream traction, an independent crypto analyst by the name of ‘TayTrox Trading’ took to Twitter to point out that Bitcoin has historically been seen to make a massive push after it is subject to long periods of non-volatile trading action.

On the matter, TayTrox further noted:

“$BTC Last time we traded in a tight range for this long we all know what happened. What will happen this time?”

$BTC Last time we traded in a tight range for this long we all know what happened.

What will happen this time? pic.twitter.com/927XFwnF3C

— TayTrox Trading (@TayTrox_Crypto) January 24, 2019

From the chart presented above, we can see that between Bitcoin has previously witnessed an extended duration of sideways trading between September-November 2018 (following which, the crypto asset plunged from $6.5k to $3k).

Final Take

Despite the fact that the ongoing weekend has seen the price of Bitcoin remain fairly stable, many analysts are now of the belief that the asset could move higher in the coming few days (given that the altcoin is able to jump past certain key resistance levels).

On the subject, crypto analyst Mayne tweeted out the following message earlier today:

“$BTC if we break above the grey block you can add or wait until a break and close above yearly open to add.”

Similar to Notcoin - TapSwap on Solana Airdrops In 2024

origin »

Open Trading Network (OTN) на Currencies.ru

$ 0.0064948 (+0.67%)
Объем 24H $0
Изменеия 24h: 1.44 %, 7d: 12.76 %
Cегодня L: $0.0064948 - H: $0.0064948
Капитализация $13.149k Rank 2181
Цена в час новости $ 0.0346277 (-81.24%)

sideways bitcoin trading price soon push upward

Источник: bitcoinexchangeguide.com

sideways bitcoin → Результатов: 126


Analyst Claims Bitcoin Could Shortly See Increased Volatility as Crypto Markets Trade Sideways

Coming off of a relatively volatile week, the cryptocurrency markets are currently seeing a bout of sideways trading, with Bitcoin steady in the $3,650 region and most altcoins trading sideways. It is important to note that Bitcoin is still respecting the $3,500 region as a level of support, but its lack of buying pressure signals.

2019-1-18 01:00


Фото:

Markets Update: Crypto Prices Drift Sideways While Traders Remain Uncertain

A lot has changed since our last markets update as digital asset prices have been consolidating after the cryptoconomy’s last big drop in value. The entire ecosystem’s market valuation has lost about $10 billion over the last week, but stronger global trade volumes have managed to keep values afloat at current prices as traders await […] The post Markets Update: Crypto Prices Drift Sideways While Traders Remain Uncertain appeared first on Bitcoin News.

2019-1-17 20:15


Bitcoin Trades Flat as Crypto Markets Experience Mixed Trading Session

Bitcoin is currently trading sideways, which is leading the crypto markets to experience a mixed trading session following yesterday’s volatility.  Ethereum is currently one of the worst performing altcoins as it has failed to post a strong recovery following yesterday’s drop that was caused by its highly-anticipated Constantinople hard fork being delayed.

2019-1-17 01:00


Cryptocurrency Market Update: BTC, ETH, XRP, and BCH Price Analysis

Bitcoin BTC/USD Market From yesterday’s open at $4094 measured to the current levels of $3732.2 the price of Bitcoin has decreased by 8.85%. The price went further down yesterday to $3688.5 but since it interacted with the horizontal support level it started consolidating and recovering and is currently in a sideways but upward trajectory above […]

2019-1-11 22:32


Фото:

Bitcoin Struggles to Regain $4,000 Level Starting the New Year: BTCManager’s Week in Review Jan 7

The price of bitcoin traded sideways in the first few days of 2019. The price fluctuated between $3,707 and $3,947 and closed the week effectively unchanged versus last week’s close. As expected, news flow over New Year’s was muted as the first week of January is still a holiday week for most businesses as investors seem to have taken a.

2019-1-8 20:00


Фото:

Markets Update: Crypto-Capitulation Causes Uncertainty Toward Year End Prices

All eyes have been glued to cryptocurrency markets over the last week as a great majority of digital asset values plummeted to their lowest prices since last year. There’s been a slight price recovery and some consolidated sideways action taking place as some market observers have noted an attempt to reverse the trend may be […] The post Markets Update: Crypto-Capitulation Causes Uncertainty Toward Year End Prices appeared first on Bitcoin News.

2018-11-23 21:55


NEM Among Top Performers in Top 100 After Coincheck Relisting

The market leader Bitcoin is having a slow start to the week trading sideways. Altcoins, however, are showing mixed performances with many showing small losses and others showing large gains. NEM, the 17th largest cryptocurrency by market cap, is among the top performers in the top 100 with an over 15% appreciation over the past […] NEM Among Top Performers in Top 100 After Coincheck Relisting was originally found on [blokt] - Blockchain, Bitcoin & Cryptocurrency News.

2018-11-12 18:39


Cryptocurrency Markets Find Stability as US Elects Multiple Pro-Crypto Politicians

The cryptocurrency markets have found stability following a period of large gains, with Bitcoin trading steadily in the $6,500 region and altcoins trading sideways. The stability comes after an important mid-term election cycle in the United States, in which multiple pro-crypto and pro-blockchain politicians were elected into public offices.

2018-11-8 21:30


дальше еще 77 новостей →

Партнеры Currencies.ru

Реклама на Currencies.ru

Самое свежее на Currencies.ru

Ethereum co-founder cashes out! Is now the time to sell your ETH?

Ethereum's price surged nearly 30%, coinciding with significant SEC regulatory updates. Co-founder Jeffrey Wilcke capitalized on the rally by depositing over $75 million worth of ETH into KrakeThe post Ethereum co-founder cashes out! Is now the time to sell your ETH? appeared first on AMBCrypto.

US CBDC, FIT21 crypto bills: 'A lip service' or balanced regulation?

The US House passed the FIT21 Act to set regulatory clarity for crypto.  Next on the line is the US CBDC bill and how the US Senate handles both.  US crypto regulation has recorded signifiThe post US CBDC, FIT21 crypto bills: 'A lip service' or balanced regulation? appeared first on AMBCrypto.

Ethereum beats Bitcoin in this area: Will ETH's growth continue?

Ethereum outperformed Bitcoin in terms of year to date growth. Overall interest in Ethereum NFTs and its ecosystems fell significantly. Ethereum [ETH] has had a tumultuous time in 2024, withThe post Ethereum beats Bitcoin in this area: Will ETH's growth continue? appeared first on AMBCrypto.

Bitcoin falls below $70K as FOMC 'refuses to hike' interest rates

The FOMC's rate decision draws criticism; Peter Schiff and David Solomon predict 'no cuts' soon. The crypto market faces a downturn — resilience is observed, with a focus on long-term strategThe post Bitcoin falls below $70K as FOMC 'refuses to hike' interest rates appeared first on AMBCrypto.

Notcoin down 55% since launch - Did Toncoin suffer as a result?

Notcoin has lost over 50% of its value in just seven days. While Toncoin has seen a decline in demand, the buyers remain in control of its market. NOT, the token that powers Notcoin, the plaThe post Notcoin down 55% since launch - Did Toncoin suffer as a result? appeared first on AMBCrypto.