Bitcoin may still see 'wild' weekend as BTC price avoids key $22K zone
Bitcoin bulls still have a battle on their hands in low-volume weekend trading, analysis warns, while altcoins preserve multi-week record gains. Bitcoin (BTC) focused on $21,000 into the weekend amid warnings that volatility could still consume the market before Monday.BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewS&P 500 sees second best week of 2022Data from Cointelegraph Markets Pro and TradingView showed BTC/USD broadly higher in its recent trading range after U.S. stocks ended the week strong.As noted by markets commentators Holger Zschaepitz, the S&P 500 sealed its....
Related News
Here's a look at what we are focusing on in the bitcoin price this evening, and beyond in to the weekend. The market is about to draw to a close out of Europe, and things have been pretty wild this week in the bitcoin price. We noted in this morning’s analysis that we’ve had numerous opportunities to get in and out of the markets according to our intraday strategy, and we’re hoping that this will continue over the weekend. Normally, when it comes to this time on a Friday, we set up some tight key levels and look to draw some scalp profits from the market on intraday breaks. Tonight,....
The start of this weekend hasn't exactly been pleasant for those who are counting on the price of Bitcoin going even higher. Some grim news that came out this week scared the market when China announced they didn't want financial institutions toying with bitcoin. On Friday, the market became really scared when Baidu stopped accepting bitcoin. The company says it's due to wild fluctuations in the cryptocurrency, but some speculate Baidu has felt pressure from Chinese authorities to stop accepting bitcoin. As such, the price per coin is far from where it was at the start of the week. At the....
Bitcoin price is slowly moving higher above $26,000. BTC is showing signs of recovery but is still struggling to clear the $26,500 resistance zone. Bitcoin is up 2% and trading above the $26,000 resistance zone. The price is trading well above $26,000 and the 100 hourly Simple moving average. There was a break above a key bearish trend line with resistance near $25,940 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could struggle to clear the $26,500 and $26,750 resistance levels. Bitcoin Price Avoids Downside Break Bitcoin price managed to stay above the $25,350....
Here's a look at what we are focusing on in the bitcoin price this evening. So that’s it, another week out of the way. As we noted in this morning’s bitcoin price analysis, things have been pretty wild this week. Price gave us plenty to go at with our intraday scalp strategy (and in turn, plenty to discuss as part of our intraday analyses) and we have managed to close out the week net up on the markets, despite the odd stop loss hit here and there. We’ve got a weekend’s worth of action ahead of us, however, and as those who are regular readers will be all too aware, price can often be....
Bitcoin has been sitting above a critical support zone during the weekend. At the time of writing, BTC trades at $56.662 with sideways movement in the daily chart. In the weekly chart, the first cryptocurrency by market cap has a 12.8% following a $10,000 rally from the higher zone in the $40,000 range. The bullish […]