A quick update: Since the news regarding Ethereum’s SEC spotlight that ETH is a security, it seems that the positive momentum has changed. Bitcoin has reached the remarkable $10K mark and from there dropped rapidly, and testing the $9,400 support area and more important the %61.8 Fibonacci retracement level. Breaking down...
This is from our previous Bitcoin price analysis: “breaking the $9,400 will probably lead a quick move to the $9,800 – $10K important level.” As seen on the following BTC chart, marked in a white circle, is the area of the descending line breakout. What led a fast up move...
Bitcoin is still under sideways movement in the range of $9,000 – $9,400. Trading volume is relatively low, not much action. Currently facing the MA-50 support turend resistance level, and next to be tested is the $9,300 – $9,400 resistance. breaking it will probably lead a quick move to the...
Over the past week Bitcoin has been going sideways in the range of $9,000 – $9,400. Thus, looks like a very healthy move and expected consolidation at that area, considering the fact that $9,000 was a strong resistance level. The trading volume is pretty low, typically to weekends. It will...
Not much under the sun so a quick update. After a healthy correction that supported by the MA-50 (moving average 50 days – the blue line in the chart) we are posing the same – from above we have the $9,400 resistance area. If we break up, we’ll likely...
So as expected, we’ve seen Bitcoin breached out above the $9,000 resistance mark. A quick wave to $9,800 resistance, passing over the $9,400 resistance. Corrections are part of the game, and so far the correction to where we are at now – resistance turned support at $9,400 is healthy. The...
From our previous Bitcoin analysis: “As of now, looks like another consolidation around this level before breaking it up. Seems like it won’t be easy.” After 48 hours of consolidation near the $9,000, Stochastic RSI has crossed at its low levels – a positive sign that could lead a bullish move breaking up...
So after consolidation between $8,000 – $8,400, we finally saw the expected breakout of the $8,400 resistance. As mentioned in our previous BTC analysis, breaking this level will send it up to test the strong $9,000 resistance. As of now, looks like another consolidation around this level before breaking it...
A flashback from our previous Bitcoin analysis: “As of now, next target levels is the $8,400 resistance and afterwards the $9,000 strong resistance level. RSI is very high so we can expect a correction back to the $7,500-$7,800 area, where also MA-200 lies (resistance turned support).” The pink line is the MA-200, Bitcoin...
On our yesterday’s Bitcoin price analysis we mentioned the triangle that breaking it would lead a strong move. We didn’t know what direction, but we could expect a strong move. As you all might have noticed, the direction was up – the move was extreme! It was the highest ever...