The long-term consolidation of Bitcoin from the past weeks is coming to an end soon? Two significant signs indicate on a coming up movement: Bollinger bands are very tight, along with 200 and 50 days moving average lines that have recently crossed each other. Over the weekend Bitcoin had re-tested...
Following yesterday’s price analysis: “A bullish triangle is still an option, in case of not breaking down the support level at $6400, along with the ascending trend-line. From the optimistic side, Bitcoin will now be facing the 50 days moving average support-turned-resistance at $6550 and the 200 days at...
A quick update, following yesterday’s price analysis: Bitcoin is getting further from extracting the bullish triangle. The bear scenario is looking more and more realistic as Bitcoin broke the 50/200 moving averages tight range, and found support around $6400 (as of writing this update). Now what? Sellers’ trading volume is getting...
Over the past year, it has been very rare that Bitcoin’s volatility is calm. It looks like Bitcoin’s range is getting tighten and tighten, till the triangle will breach out to either direction and produce a significant move. The movement is exactly between the two moving average lines that we...
Following our price analysis from yesterday, the futures’ expiration at the CME exchange caused lots of price action, as expected. Bitcoin went down to the $6400 area, breaking down the 50 days moving average line (purple on the chart). So far, Bitcoin had recovered nicely, to re-test the moving average...
Since our previous BTC price analysis, Bitcoin has completed a decent bull run surpassing 50 and 200 days moving averages’ resistance at $6530 and $6670, and is now consolidating on top the ascending trend-line. Later today, at 15:00 UTC, CME’s futures expiration will take place. Since opened on December 2017,...
A quick update, following yesterday’s price analysis: “the $6400 range seems to be holding and we might see a little correction to re-test the 50 day moving average from below, this time as resistance. There also ($6400) lies the 38.2% Fibonacci retracement.” The positive correction  exactly encountered  the 50 day...
After almost a week full of optimism, Bitcoin takes a dive: Breaks the ascending trend-line and the 200 days moving average (pink line on the chart) at $6660, re-test it now as resistance and from there a free-fall, breaking the important 50 days moving average (purple line on the...
After the unusual behavior Bitcoin had gone through (going down to $6100 and skyrocketing to $6550 in 1.5 hours), we received a crypto rally over the past day. The rally was led by Ripple, surging almost 100% to surpass Ethereum, on its way to be the second largest crypto...
Heart attack! If you are new to crypto trading, then 12 hours ago you received a warm welcome. In less than 90 minutes Bitcoin went from $6330 to a low of $6100 (Bitfinex) and then climbed quickly to a high of $6550 before settling back in the good old...