Weekly Bitcoin Price Analysis: Mixed Dynamics of Bitcoin Last Week
Over the past week, Bitcoin price showed us a mixed trend and movements. At the beginning of the week it rose even higher than $465. Then on December 22, we saw a sharp decline in price to $425 and a fast rebound to $432. The next day the BTC to USD exchange rate was in the corridor of $430 - $440. On Christmas Eve Bitcoin has strengthened its positions during the Asian session and moved to a level of $452, and even managed to spend the whole day confined between $455 -$449. On December 25, we have again seen a slight decrease to $446 and then $ 442. Thus, this week the price of Bitcoin....
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Last week the Bitcoin price showed mixed dynamics. After the terrorist attacks in Paris cryptocurrency was accused to be used as a method to finance their operations. The news on the international currency market was interpreted as a signal for bears to sell Bitcoins. As a result the Bitcoin price started to fall and reached the level of $317. However, the panic did not last long. Already by the end of the day on November 25th, the price of Bitcoin reached $332. On November 26th – 27th, Bitcoin was traded for $350, and by the end of the week at about $350. The Bitcoin price volatility has....
The price of Ethereum (ETH) looks strong and shows more strength against tether (USDT), holding up compared to Bitcoin (BTC). The price of ETH is anticipated to move with more bullish sentiment circulating as we edge closer to “The Merge.” (Data from Binance) Related Reading: ATOM Expands Over 25% In Last Week, Keeps Bullish Run Since Mid-June Ethereum (ETH) Price Analysis On The Weekly Chart The price of ETH closed the week with so much mixed sentiment ahead of the upcoming “Ethereum Merge,” with so many bullish signs lately. ETH’s price was rejected from....
December promises to be rich in a variety of news that can affect the Litecoin price. Similarly next week on the cryptocurrency market promises to be very eventful and interesting. We have already seen the dynamics of the Litecoin price last week – its sharp move from $3 to $3.80, and its corrections from $3.80 to $3.50. It’s a beautiful picture for a trader as they can earn both on price growth and its correction. Can Litecoin can stay at $3.50? Not sure, probably it will go down to $3.20 or below. Bitcoin is now on a downward trend, so the connection LTC/BTC 0.01 is abandoned, and....
Bitcoin has failed to latch onto the weekly high of $466.64, coming down swiftly to $442.38 in a week dominated primarily by the first US interest rate hike in almost a decade. Interestingly, the cryptocurrency failed at the same level in the previous week also. As the week comes to a close on a relatively weak note, it might provide the bears with a much-needed impetus to make Bitcoin less expensive. Image. We will discuss today the weekly BTC-USD price chart from the Bitstamp exchange. The picture is very similar to what we observed in the previous weekly price technical analysis of....
ETH’s price needs to stay above $1,500 for the price to have a chance to rally high to a region of $1,700. ETH’s price continues to trend, creating a more bullish bias as the price aim for $1,700, where the price could face resistance. ETH’s price remains strong, holding key support on the daily timeframes as the price trades above the 50 Exponential Moving Average (EMA). The crypto market had a good run in the previous week as the price of Ethereum (ETH) leveled up to the expectations of many holding out for the price to continue in its uptrend as many traders looked....