Bitcoin Trading Slow This Weekend
Bitcoin trading has corrected yesterday's advance and is now building the base of the next wave of advance. 1590 CNY and $256 (Bitfinex) remain tough resistance levels and 24 hours later trading has developed a knee-jerk sell reaction to this chart level. This analysis is provided by xbt.social with a 3 hour delay. Read the full analysis here. Bitcoin Trading and Price Analysis. Time of analysis: 13h37 UTC. Bitfinex 15-Minute Chart. From the analysis pages of xbt.social today: Price is still holding above the Fib line immediately below and making slow, but steady progress in building the....
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There have been a few fundamental catalysts that have added strength to bitcoin this week, and these are likely to slow down over the weekend. After a solid week of gains in the bitcoin price, we are seeing some choppy action come about as we head into the weekend. This isn’t necessarily a bad thing – the opportunity to get in on some volatility means we can pick up a decent entry – but it makes things a little more complicated than the step up approach we have been using for the past few days. There have been a few fundamental catalysts that have added strength to bitcoin this week, and....
Given a slow news cycle as well as mixed short to medium term technicals, the market has been under some pressure over the past few days following yet another failed attempt to break above $600. The slow grinding recovery from the Bitfinex debacle early last week has continued over the past several days as it now appears as though the exchange will continue to operate, at least for the time being. That said, the bulls did hit some turbulence late Saturday into Sunday as price began dropping from its $580 support area down into the high $550’s. The selloff was short-lived, however,....
Solana (SOL) has been among the top gainers for the past weekend. This was due to the bullishness that followed the announcement that Google was now running Solana nodes. As expected, the price of the digital asset rallied in the time following the announcement, rising more than 15% to finally cross the $38 mark for the first time in almost two months. But as the market ushers in another trading week, can SOL hold its gains? Solana Sees Slow Start The beginning of the new week has come with some negative movement for Solana. In the last 24 hours, the digital asset has seen a double-digit....
Bitcoin and ethereum began the weekend trading close to key resistance levels, as crypto markets continued to sustain recent gains. Overall, the global cryptocurrency market cap was marginally higher on Saturday, as traders prepared for this weekend’s session.
Bitcoin
BTC is currently trading 6% higher than at the beginning of the week, this coming as prices rallied to multi-week highs.
On Saturday, BTC/USD hovered marginally below its resistance of $45,050, as prices rose to an intraday high of $44,999.49.
Following four consecutive days of gains,....
Here's what we are focusing on in the bitcoin price this morning - Monday, April 25. One thing we noticed on a number of occasions across the last few months, is the tendency for the weekly price to slow down towards the end of the week [Thursday, Friday] and then pick up some momentum over the weekend. This usually results in some large gains [ although we have seen a couple of losses], and rightly occurs as a result of a volume surge out of Asia. Action has now matured over the weekend, and as we head into a fresh week’s worth of trading in the bitcoin....