Daily Bitcoin Price Analysis: The Bullish Trend Continues

Daily Bitcoin Price Analysis: The Bullish Trend Continues

On Friday, BTC/USD pair exchange rates soared to $450 but then dropped rapidly to $420. Currently, Bitcoin price is at the level of $ 434 and the bullish trend continues. Todays situation with Dollar rates is not that clear. Although the statistics on retail sales was positive, these data haven’t inspired confidence in investors that the inflation rate will stablize. Although total retail sales increased by 0.2% in November, retail sales for the year decreased from 2.2% to 1.7%. The Eurozone now seems to have much more convincing indicators. In Italy industrial production grew by 0.5%....


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Litecoin price continued rising yesterday and earlier today to record a high of $1.95 on Bitfinex today, as we predicted during yesterday's analysis. As the resistance level at the 62% Fibonacci retracement has been already been broken, litecoin price is likely to continue rising as the market's buying volume continues to increase. By studying the 4 hour Bitfinex (LTC/USD) chart from tradingview.com, keeping the Fibonacci retracement levels we plotted throughout yesterday's analysis and plotting the William's Alligator indicator accordingly (look at the below chart), we can conclude the....

Bitcoin Price Weekly Technical Analysis (2-8 March) - On your marks, get set, go.....!!

Last week, bitcoin price rose from around $260 all the way upwards to print a high of around $294. We predicted during last week's analysis a bullish run, yet we expected the bullish wave to be strong enough to push the price up to $300. The bullish wave that controlled the market last week led to a new rising support level. By studying the 1 hour Bitfinex (BTC/USD) charts from tradingview.com and plotting the 20, 50 and 100 period EMAs accordingly (look at the below chart), we can notice the following: Since the bullish wave started on the 27th of February, we have been witnessing a....

Bitcoin Price Weekly Analysis – BTC/USD Eyeing $750?

Bitcoin price surged high further as forecasted in the last weekly analysis of BTC/USD. Now can the pair trade towards the $750 level this upcoming week? Key Points. Bitcoin price gained a lot of traction this past week versus the US Dollar, and traded higher above $700. There is a monster bullish trend line formed on the daily chart (data feed from SimpleFX) of BTC/USD, which acted as a catalyst for an upside move. If the current momentum continues, there is a chance of a move towards $750. Bitcoin Price Upside Surge. In the last week analysis, I mentioned that Bitcoin price is....

Bitcoin Price Technical Analysis for 8/3/2015 - Saddling Up!

Bitcoin price resumed rising yesterday to score a high of around $280. March's bullish trend is gaining strength and it is becoming more evident that bitcoin price is heading towards the $300 mark. The charts are conveying clues that signal that we can see the price increase to $290 within the next 24 hours. By examining the 4 hour Bitfinex (BTC/USD) chart from tradingview.com and plotting the William's Alligator indicator (look at the below chart), we can notice the following: Since the bullish wave started on the 27th of February, we have been witnessing a repetitive pattern that....

Bitcoin Price Technical Analysis for 18/1/2015

As we predicted a couple of days ago, the price of bitcoin continued to rise and reached $211 at the time of writing of this article. Our analysis for today continues on the same line of our analysis on the 16th of January, which used Fibonacci fan resistance lines to predict resistance and support lines. By studying the Bitfinex 1 hour chart from tradingview.com (look at the below chart), we can see that the price started rising sharply about 10 hours ago and recorded a high of over $221, before declining to around $206. The fall from $221 to $206 can be viewed as a 50% correction of the....

Quotes

There are more people in the world who need a currency they can trust than there are people in the world who can trust their currency.

Wences Cesares (Xapo CEO)