Bitcoin Price Watch; $900 in Sight
Bitcoin price was hovering around the early 800s yesterday, but surged considerably well during the US session. First of all, we would like to apologise for delaying this analysis on the very day that demanded it the most. Our chief Bitcoin analyst Samuel Rae has taken a small holiday break, but I’m very sure he is watching the price with the same enthusiasm as we all are. So on that apologetic yet exciting note, let’s see what we have in for today by looking at the chart below: This looks super bullish! Bitcoin price was hovering around the early 800s yesterday, but surged considerably....
Related News
It’s been a few days since we last looked at the bitcoin price from the five-minute perspective (this author had a bit of time of for Christmas) and price has moved a lot across the period. We said heading into December that things might end up being a little slow – that the low(ish) volume caused by the market inactivity across the wider and more traditional financial assets may filter in to the crypto space. As it turns out, this hasn’t been the case. Things have been pretty volatile, and there’s not been any real dip in volume. You could argue this is a result of the Asian (and....
Potcoin Price Key Highlights. Potcoin price has been gradually trending lower, breaking below a short-term consolidation pattern and area of interest. This breakdown suggests that new lows are in sight, potentially leading to a test of the floor at 0.00000200. Potcoin price doesn't seem to have bottomed out yet, as the recent breakdowns indicate that bears are very much in control. Bearish pressure piling up. The 100 SMA is below the 200 SMA, which confirms that the downtrend is likely to carry on. Furthermore, the short-term moving average is edging further away from the longer-term SMA,....
Late yesterday evening, shortly before the markets closed in Europe, we reported our twice-daily bitcoin price watch piece. In the piece we highlighted the levels that we would be keeping an eye on throughout the Asian session, and suggested that we may see some further bullish momentum in the bitcoin price if we got a break of both yesterday's highs of 268 flat. Now action has matured overnight, did we manage to get this break, and further, what are the levels that we are keeping an eye on today? Also, how can we respond to price reaching these levels as far as getting into a position....
Yesterday afternoon, shortly before the markets closed in the UK, we published our bitcoin price watch piece highlighting the levels we would be keeping an eye on in the BTCUSD as the bitcoin price matured overnight. We've seen some considerable movement throughout this maturity, and our parameters - in terms of levels to watch - have changed. With this said, what happened overnight, and what will action around particular levels tells about a potential intraday bias as we head into a fresh day of trading? Take a quick look at the chart. As you can see, action in the bitcoin price overnight....
A little earlier on this morning, we published our twice daily bitcoin price watch piece. In the piece we outlined the levels we were looking to watch in the bitcoin market throughout Friday's session, and stated that - if we got the volatility we were looking for - we would look to enter according to our breakout strategy in an attempt to draw a short term scalp profit on the action. Action has now matured throughout the day, and we are heading into the close of the European session and the beginning of the weekend. In the majority of other financial assets, markets would be pitching to....