Bitcoin Trading In The Doldrums: Price Below $200?
Bitcoin Price has slowly edged lower in muted trade today. Small price waves and low volatility did not help as price came within a whisker of our target at $210 before turning back up. It seems the bears are attempting a soft-landing on $200. This analysis is provided by xbt.social with a 3 hour delay. Read the full analysis here. Bitcoin Trading and Price Analysis. Time of analysis: 12h10 UTC. Bitfinex 15-Minute Chart. Analysis excerpt quoted from the pages of xbt.social earlier today: Still no discernible change in the market. The absence of volatility and the sluggishness of the small....
Related News
The bitcoin price has been in the doldrums in the last week, closing out a month of persistent losses. It's now trading at the lowest levels of the year. Bitcoin opened the week at $330.67 and closed at $316.80, according to the CoinDesk Bitcoin Price Index. That represented a loss of $13.87 in the bitcoin price over the last seven days, or 4.2%. Over the week, the price hit a high of $335.88 on the 23rd December, only to fall to a low of $312.40 four days later. That was a drop of some $23. The bitcoin price has not been kind to bulls this month. While it was trading in the high-$300s -....
Foreign investors are on an exodus out of stocks in Japan as disillusionment with the country’s economic policies sets in, according to a report. The latest news comes as Japanese fintech and bitcoin startups continue to post multimillion-dollar deals, providing a small but notable ray of hope. Reuters reports that foreign investors, including large....
MakerDAO has voted not to compensate victims of the "Black Thursday" flash crash, a former Pantera partner is launching a new crypto-focused fund and bitcoin may be headed to the doldrums as the U.S. dollar rises.
Market trade has pulled the Bitcoin value (price) to a marginal, but not a new, low. Divergence may force another wave higher on the next low - or sooner. The situation is grim: price waves have little range and, therefore, do not allow profitable trade. Additionally, there is market indecision about prospective direction, so identifying and positioning for the next price move has become a shot in the dark. This analysis is provided by xbt.social with a 3 hour delay. Read the full analysis here. Not a member? Join now and receive a $29 discount using the code CCN29. Bitcoin Value and Price....
Despite a relatively slow market over the past few weeks due to the “summer doldrums,” it now appears as though volatility is making a slow return on both the upside and the downside. With that in mind, the technicals remain key in this environment. Last week when we returned from the Labor Day holiday in the US, the Bitcoin markets decided to take a jaunt to the upside to test what has been heavy resistance in the $630 area for over a month. Despite staying elevated for the better part of the week, this weekend brought a round of technical selling which took the price from the mid-$620’s....