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 watching this morning in the bitcoin price. Stops, targets and entry levels. That we will get a solid and sustained intraday move in the bitcoin price over the weekend – and more often than not, on Sunday – is becoming something of a standard assumption as late. Generally, it comes as the markets in Asia open for a fresh week, and a bump up in volume initiates a concurrent bump in volatility. This week was no exception, and as markets opened in Asia last night (or a little before if we’re to be exact), the bitcoin price gained to reach fresh weekly highs at 428 flat.....