Bitcoin Price Hits Fresh Weekly Highs: Now down, but not out.
It's been a few days since we published an article addressing the bitcoin price on a short-term basis over the last 24 hours or so, and in turn, our forecast for the coming European session. Since the beginning of the week, we've seen some pretty dramatic action in the BTCuSD, and a quick look at the 15 minute timeframe chart across the BitStamp exchange suggests that this is unlikely to change over the coming 24 hours. This does not mean, however, that there is not a viable set up from which we can draw profit from the fluctuations in the bitcoin price as we head into the European....
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Here’s what we are looking at as we head a fresh day's trading in the bitcoin price market. Across pretty much the entirety of yesterday’s session in the bitcoin price, we saw an upside run. Marred by the odd correction, this run brought price to trade at what amounted to fresh weekly highs just ahead of 665, shortly before the day drew to a close. This is, of course, still quite a long way off the highs that came about last week, so this means two things. First, that there is still plenty of room to the upside if volume can hold price up for another sustained run. Second, that if we get....
Bitcoin's price clocked fresh 2020 highs on Wednesday after online payments company Paypal announced support for cryptocurrencies.
Yesterday afternoon we published a piece outlining the day's action in the bitcoin price and our forecast for BTCUSD as we headed into the close of the European session and beyond. We slated two potentially conflicting biases, and suggested the levels to keep an eye in both scenarios. As action matured, the bullish variant was validated, and we saw fresh weekly highs reached around 6pm GMT yesterday evening. This said, what are we watching now, and what do we expect from the bitcoin price as we head into the weekend? Let's take a look. As mentioned, we saw some upside momentum in the....
Binance Coin (BNB) struggles to hold support after flipping it into resistance against tether (USDT) as a bullish structure hits a rock. Despite showing a great bullish structure in recent weeks, the price of Binance Coin (BNB) has had a really quiet time as the market continues in a mist of mixed feelings regarding where the crypto market is headed. (Data from Binance) Related Reading: Will Tron Tie-Up With Liquidity Provider Wintermute Boost TRX Price? Binance Coin (BNB) Token Price Analysis On The Weekly Chart BNB saw a decline in its price from $650 to around $200, with an over 60%....
Here's what we are looking at tonight in the bitcoin price. So we are coming to the end of what has been a pretty eventful day in the bitcoin price. In this morning’s analysis, we noted that price over the weekend had gained to fresh highs, and that today, we would likely see a correction of these highs, or a continuation if price could break through the 700 mark. We set up so that we could enter according to our breakout strategy in either scenario, and as it turns out, the latter of these two situations proved to be the correct one. Price broke through 700, we entered along toward 710,....