Analysis: Bitcoin Price Forecast For The Week Ahead
The majority of market participants are still uncertain that the decline is over. In last Wednesday's Bitcoin Price analysis update it was speculated that Bitcoin may be in its fifth month of advance. Additional evidence of an ongoing advance is discussed below. Daily Bitcoin Price Chart. BTC/CNY Volume. Firstly, looking at the Exchange Volume by Currency diagram (courtesy Bitcoincharts.com) it is evident that the bulk of combined exchange orders are transacted in Chinese Yuan. This is significant because, as circled on the daily BTC-China chart (below); a 2014 record daily volume of buy....
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Bitcoin price is back above $55,000 in a lighting fast recovery from below the key level of $50,000. Although the rebound thus far appears as if it is a gift from the heavens above, the technical forecast suggests cloudy days are ahead. Here’s a closer look at everything going on with Bitcoin “at a glance” […]
Bitcoin rose for a seventh consecutive session on Tuesday, as the token moved to a three-week high. The price surge came ahead of this afternoon’s U.S. inflation report, which is expected to come in at 8.1% for August. Ethereum continued to trade lower in today’s session, as volatility remained high ahead of The Merge. Bitcoin Bitcoin (BTC) rose for a seventh consecutive session on Tuesday, as markets anticipated the release of the U.S. consumer price index. Inflation in the United States is expected to fall to 8.1% in August, following a decline to 8.5% the month prior.....
Cardano (ADA) has maintained a relatively steady upward trend over the past few weeks. Although the cryptocurrency was rejected at the $0.84 price level again last week, the current price action is still holding strong with only a minor drop in the past 24 hours. However, technical analysis deeply rooted in Elliott Wave theory now suggest a steep price decline could be looming for ADA, with a price target pointing as low as $0.42 in the weeks ahead. Bearish Elliott Wave Count Says Wave C Breakdown Ahead According to the Elliott Wave count presented in a technical analysis on TradingView,....
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....
Jungle Bitcoin Price Analysis Workshop. The Bitcoin price decline has resumed after bulls staged a weak rally to levels around $450. Last week's Bitcoin analysis forecast a retracement to the $450 area and, like clockwork, early Monday trade is showing signs of pushing to our interim target at $400 and perhaps lower. However, the price decline is about to run up against rising channel support. Takeaway. Pattern analysis shows that trend is still heading to the downside. While keeping an eye on continued risk of decline, traders and investors should focus on systematically building their....