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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


Bitcoin Surges Nearly 10%, Analyst Claims BTC Likely to Target Mid-$4,100 Region Next

Following an extended period of sideways trading for Bitcoin (BTC), it finally made a large upwards move and is now facing some levels of resistance around its current price. Bitcoin’s upwards swing today has allowed the entire cryptocurrency market to surge and represents the market’s second upwards price swing in the past couple of weeks. дальше »

2019-2-19 01:00


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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


Analyst: Bitcoin (BTC) May be Gearing up for a Large Price Move as Volatility Plunges

Ever since Bitcoin (BTC) dropped below its previous support level of $3,550 last week, the cryptocurrency has been experiencing a bout of sideways trading at its current price levels. Bitcoin’s recent price action seems to confirm $3,500 as a new level of resistance, but it has also established $3,400 as a level of support that. дальше »

2019-2-6 01:00


Bitcoin (BTC) Price Analysis: Bears Still Have the Upper Hand

Bitcoin looks ready to resume its slide as it bounced off the mid-channel area of interest once more and is eyeing the Fib extension levels as downside targets. Price is closing in on the 38.2% level at the $3,450 area and might move all the way down to the 50% level that lines up with […] The post Bitcoin (BTC) Price Analysis: Bears Still Have the Upper Hand appeared first on Ethereum World News. дальше »

2019-2-5 04:17


As Bitcoin Enters its Longest-Ever Bear Market, Analysts Expect BTC to Make a Large Move in Near-Future

After experiencing increased levels of volatility last week, Bitcoin (BTC) endured the weekend without any major price moves and has so far experienced a relatively involatile Monday. Recently, Bitcoin entered its longest-ever bear market, and investors and analysts alike are keen on speculating on when it will finally reach a price point with enough buying. дальше »

2019-2-5 01:00


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Bitcoin Price Analysis: Major Support Broken on Expanding Volume and Spread

After weeks of consolidation, bitcoin finally broke through support. The market now finds itself cruising toward prior lows. On expanding volume and spread, the bitcoin market appears ripe for a continuation of the downtrend:Figure 1: BTC-USD, Daily Candles, Broken SupportAlthough the current daily candle has yet to close, unless there is a strong influx of demand hitting the market, it stands to reason that bitcoin will be closing a new daily low for the first time since mid-December. дальше »

2019-1-29 02:01


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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


Garbage ICOs wipeout might fuel bitcoin’s next bull run. Whales are on the move with 20k bitcoins shifted from exchanges

Quick wrap up of today’s BTC price action: Santa rally appears to have more fuel in its tank.   Bitcoin price keeps climbing higher, breaking couple of resistance levels.   BTC is enjoying chunky gains of 6% and is following a steep bullish trend line with support at $3,700 on the 2-hours chart. дальше »

2018-12-20 23:41


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Bitcoin Price Analysis: Bear Pennant Breakout Puts $1,700 Price in Sight

Another week, another low. Bitcoin’s market has been bleeding relentlessly for weeks and now, after falling 50% in value in just one month, the market has managed to break south of a major bearish consolidation pattern called a bear pennant:Figure 1: BTC-USD, 4-Hour Candles, Bear Pennant BreakoutThis is a massive bear pennant with a staggering $2,000 measured move. дальше »

2018-12-12 01:52


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Bitcoin Price Analysis: Wait and See Where Recent Signs of Strength Lead

This week realized a big gain as bitcoin enjoyed a 25% rally from its local bottom before topping out around $4,400. Support currently appears to be established in the mid-$3,000s as the market remains indecisive over its next move:Figure 1: BTC-USD, Daily Candles, Current Support LevelFigure 1 shows the relevance of the current support level as it represents a previous support level that was never properly retested during last year’s parabolic bull market. дальше »

2018-11-30 01:45