Bitcoin Price Could Be Preparing For Fresh Wave Of Volatility — Here’s Why
The Bitcoin price action over the weekend has been quite sluggish, reflecting the indecision and fatigue seemingly hovering over the cryptocurrency market at the moment. After a dour performance during the week, the premier cryptocurrency has continued to trade within the $92,000 – $95,000 range on Saturday, May 17. With the choppy price action, doubt about the Bitcoin price reclaiming its all-time high of $108,786 is starting to creep in. However, the latest on-chain data suggests that the market leader could be gearing up for significant price movements over the next few weeks.....
Related News
Here’s what we are focusing on for this morning’s session in the bitcoin price. We are about to head into a Fresh European session this morning in the bitcoin price, and there’s plenty to talk about. Price has given us a lot of volatility over the last week or so, with a few spikes to the upside serving up fresh (and sustained) highs, which have generally been followed by a short period of consolidation (likely on profit taking from the shorter term speculators). Action overnight seemed to mirror this trend, and it looks as though once again today we are going to have plenty to go at as....
Here’s what we are focusing on for this evening's session in the bitcoin price. Action in the bitcoin price has matured across the European session, and hasn’t quite played out in our favor. That is, at least, from a long term holding perspective. Shorter term, we saw a decent amount of volatility, and managed to get in to a trade according to our predefined breakout strategy a little earlier on this afternoon. That position has now closed, and with it, the European session is about to draw to a concurrent close. So as we head into a fresh afternoon out of the US, and as action matures....
Here's what we are focusing on this morning in the bitcoin price. In last night’s bitcoin price watch analysis piece, we highlighted a range that was quite a lot wider than those we have looked at across the last few weeks. This was in response to the volatility we saw over the weekend, and the opportunity this afforded us for an intra-range approach, rather than just our standard breakout strategy. Overnight, action didn’t mimic the volatility that we saw on Sunday, and pretty much just trended within the range we had predefined. Admittedly, it was a wide range, so it was optimistic to....
It’s getting to the end of the week, and so far we’ve had plenty to talk about as far as action in the bitcoin price is concerned. Volatility has dominated momentum, and we’ve seen some pretty sharp movements no relatively high volume. This may be because of the underlying fundamentals – the debate as to the identity of Satoshi has catalyzed a breaking through of bitcoin to mainstream media once again – and the added attention has created brought in speculative buyers and sellers. Regardless, our intraday price strategy is in place t8o take advantage of any movement, in either direction.....
Bitcoin bounced back from the high area of around $30,000, and trends to the upside of its current range. The first crypto by market cap managed to trace back its weekend losses and returned to the $40,000 area. Related Reading | TA: Bitcoin Recovers Losses But Here’s Why $41.5K Could Prevent Gains At the time of writing, Bitcoin trades at $41,600 with a 6% and 5% profit in the last 24-hours and 7-day, respectively. The general sentiment in the market seems optimistic as BTC’s price was able to push back the bears’ fresh assault and prevent further losses. The $38,000 to $39,000 area....