Bitcoin Price Low Getting Close

Bitcoin Price Low Getting Close

"It is always darkest before dawn." Wise words indeed. For Bitcoin bulls and/or people on the outside looking in, it must be starting to look like Bitcoin is a very bad investment. But this selling is (at worst) almost finished. Within days, the market will turn and start an advance that will cause traders to quickly forget the events of the past few weeks and months. If you will recall, we noted in an earlier article that the time-frame between 12/17 - 12/29 was flagged as an energetic period, and the likely end of the bear market. For reasons not thoroughly spelled out here, I believed....


Related News

Chainlink On The Cusp Of Critical Weekly Close, Further Breakdown Imminent

Chainlink is now trading at half of the price it was at just months ago, after entering price discovery mode and setting new high after high. If the once-unstoppable altcoin cannot close this week’s candle above $11 per LINK token, then its price could sink a lot further instead. Why Chainlink’s Weekly Close Is Its […]

Bitcoin Likely to Reach $12,000 Following Robust Weekly Close, Claims Trader

Bitcoin’s price has been sliding lower throughout the past few hours due to its stalling momentum This decline is occurring directly following an incredibly bullish weekly candle close posted by the cryptocurrency Analysts believe that this close will provide it with some serious strength going forward, potentially putting a firm end to its recent downtrend It is important to note that there is a CME gap that exists around $11,100, which may act as a […]

Bitcoin Price Watch; Here’s What’s On At The Close Of The Week

Here's a look at what we are focusing on in the bitcoin price this morning. Right then. Friday morning, a day left of the business week, and what a week we’ve had in the bitcoin price. There’s been so much volatility that the action has eclipsed that which we saw last week (and comparatively, last week was a lot more volatile than the week before) and we’ve had numerous opportunities to get in and out of the markets according to the rules of our intraday strategy. Boy did we take them. We’re heading into the close of the week sitting on a nice profit, and we’d like to close out with a....

Bears Salivate As Bitcoin Monthly Close Leads To Indecision

Bitcoin price is back above $56,000 once again, after a tug-of-war between bulls and bears has led to a bit of a stalemate just as the April monthly comes to a close. The monthly candle at current levels will close as a doji, signaling indecision, and a potential reversal ahead. Here’s a closer look at […]

Bitcoin Price Stalled

In the past few days, we advised traders to consider taking profits ~$344. It turns out that the magic number was a few dollars shy of that figure ($338). We also suggested that when the next pullback occurred we could possibly get a test of the long term support line. As I am writing these words, price has touched that support line. For now at least, that support is holding. See the 3-day chart below. As long as we do not get a close below that support line I will remain medium-term bullish. I continue to expect that the market will rise as soon as the price passes through the 2nd arc....