What Direction will the BTCUSD Market Pick?

What Direction will the BTCUSD Market Pick?

The Bitcoin price is right now between two important resistance levels. The further trend will be decided by the traders who win the advantage. The price structure is ready for movement into both directions. Until the fortification and formation of the third wave happens, there is but one option - sideways or flat movement. The BTCUSD price will bounce off the key resistance lines, as it did the day before. This situation indicates uncertainty among traders. There is no overwhelming majority that could drive Bitcoin’s price in either direction.


Related News

Time Vs Price: Why This Bitcoin Correction Was The Most Painful Yet

Bitcoin price continues to move sideways in an increasingly tightening trading range to the dismay of cryptocurrency investors. The bearish sentiment across the space is among the most prominent in years — potentially more bearish than the 2018 bear market. Here is why the recent correction has felt far more painful than even Black Thursday, despite BTCUSD trading at roughly the same price as one year ago. Bearish Bitcoin Sentiment Could Be Blind To Bull Market You might not know it by the current price action, sentiment, or even economic backdrop, but there is a strong chance that Bitcoin....

Ethereum (ETH) Price Trends: 3/23/2016

Ethereum’s price has stopped before choosing a direction. What is to be expected? Which direction will Ethereum pick? After bouncing off the $11.4 resistance, Ethereum’s price failed to hold at that level. The buyers were more numerous. The $11.4 level is important because it’s the most profitable price for the Bulls. If one compares the rebounds of the upward trend, that becomes easy to notice. Most traders make their decisions at points exactly like that.

Bitcoin Sports Betting Picks - January 21, 2014

Here are my sports picks for January 20, 2014. NHL: Columbus Blue Jackets vs. Los Angeles Kings. Pick: Los Angeles ML -116. Philadelphia Flyers vs. Carolina Hurricanes. Pick: Philadelphia ML -124. New York Rangers vs. New York Islanders. Pick: New York Rangers ML -191. New Jersey Devils vs. St. Louis Blues. Pick: St. Louis ML -130. New Jersey Devils vs. St. Louis Blues. Pick: Under 5.5 -207. Buffalo Sabres vs. Florida Panthers. Pick: Under 5.5 -210. Dallas Stars vs. Minnesota Wild. Pick: Over 5 -133. Colorado Avalanche vs. Toronto Maple Leafs. Pick: Over 5.5 -110. Fierce teams can cause....

Top coins to buy in a bear market | Find out now on The Market Report live

On this week’s episode of “The Market Report,” Cointelegraph’s resident experts discuss which coins you should consider buying in a bear market. “The Market Report” with Cointelegraph is live right now. On this week’s show, Cointelegraph’s resident experts discuss the best top coins to buy in a bear market.But first, market expert Marcel Pechman carefully examines the Bitcoin (BTC) and Ether (ETH) markets. Are the current market conditions bullish or bearish? What is the outlook for the next few months? Pechman is here to break it down.Next up, the main event. Join Cointelegraph analysts....

Litecoin Price Technical Analysis for 21/4/2015 - Volatility Squeeze

Litecoin had a very quiet Monday (April 21). As the 1H char shows, it remains in the middle of a consolidation range made last week between 1.32 and 1.46. Litecoin (LTCUSD) 1H Chart April 21. Here are some observations on the 1H chart: 1) Price and the 200-, 100-, and 50-hour simple moving averages (SMAs) are all merging together around 1.41. This reflects a volatility squeeze, a market that has no conviction in any direction. 2) The RSI has been holding under 60, which reflects some bias towards bearish momentum. 3) Note that the times of strongest volume coincided with bearish hourly....