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Crypto market forecast: 29th July

A challenging trading week for crypto trading ended with Bitcoin prices below $10,000 and down by almost 9% in the last 7 days. Regulators clamping down on the Bitmex platform and Tron figurehead Justin Sun send negative fundamental signals, however a bullish weekly close for BTC/USD and signs that Bitcoin saving has maxed out, potentially raises near term bullish flags. дальше »

2019-7-29 15:00


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Bitcoin Price Analysis: Upward Drift Continues Following Established Macro Support

Since mid-February, the bitcoin market has continued to drift upward toward a band of strong, macro resistance (shown below as a red band). This slow, drift upward marks our fourth test of the resistance zone and, unlike the three prior tests, our rejection of the level has shown a weakness on the side of the bears:Figure 1: BTC-USD, Daily Candles, Fourth RejectionIf we compare the three prior rejections (labeled 1, 2 and 3), we see that the move into this resistance level was violent — and had equally violent rejections. дальше »

2019-3-29 02:21