Bitcoin Price Analysis: Range Bound Within Continuous Downtrend (Week of APR 26)
The Bitcoin price continues its long steady decline, but has been range bound within a larger decline. This has been a tricky place as the price has whipsawed around. This happens when price heads in one direction, but then is followed quickly by a movement in the opposite direction. The price started the week at US$224 and while we expected the price to go down and test the US$210 and then US$200 levels, it instead went up to US$240, breaking through some minor resistance levels before heading back down and hitting near our $210 level, where it has bounced off support and is, at the time....
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Bitcoin’s price action throughout the past 24 hours has been overwhelmingly bullish Following a prolonged period of range-bound trading between $10,200 and $11,200, the benchmark cryptocurrency was finally able to buck this trend and rally up to $11,400 Its ascent has been slowing as it pushes further into the $11,000 region, but it still remains overwhelmingly strong at the moment Analysts are now noting that this latest move higher broke the cryptocurrency’s multi-week downtrend This […]
Here's what we are focusing on this evening in the bitcoin price. Trades, parameters and risk levels. Things are drawing to close in the European session, and it’s time to perform our second analysis of the day in our bitcoin price watch strategy. In this morning’s analysis, we noted that price had been pretty volatile across the last couple of weeks, but has since slowed down a little bit, and that range bound trading was expected during today’s session. Further, we suggested that – in response to this range bound action – we would tighten up our parameters and look for scalp entries on....
XRP price shows the market how to run the show as the price remains bullish with good volume and strength. XRP trades above support as the price aims to continue its trend movement as the price keeps holding above 8 and 20-day EMA. The price of XRP eyes a rally to $1 as key resistance was flipped into support with more buy orders. The price of Ripple (XRP) has continued to show its strength as price trends with a key breakout from a downtrend range against tether (USDT). With the crypto market cap bouncing from its weekly low as the market continued to look promising, the price of Ripple....
Bitcoin price has spent the day above $450 (Bitstamp) but the market has not made progress either way. We take a look at the most significant boundaries for this years price action – and the levels that will confirm that a trending move has broken out. Price remains range-bound and there is no new analysis to add to the outlook expressed in previous posts this week. The general view is that price has steadily printed higher lows during the past six months, yet, has failed to make a new high. The labored progress to the current position of price above $450 has been achieved with low trade....
HBAR’s price shows the market a glimpse of bullish hope as the price broke out of its long-range movement with strong volume. HBAR trades above key resistance as price breaks out of range holding above 8 and 20-day EMA. The price of HBAR eyes a recapture of $0.1 as key resistance was flipped into support with more buy orders. The price of Hedera Hashgraph (HBAR) has continued to show its strength as price trends with a key breakout from a downtrend range against tether (USDT). With the crypto market cap bouncing from its weekly low as the market continued to look promising, the....