Bitcoin Price Watch - Bears Holding Firm
Yesterday afternoon, shortly before the markets closed in the UK, we published our bitcoin price watch piece highlighting the levels we would be keeping an eye on in the BTCUSD as the bitcoin price matured overnight. We've seen some considerable movement throughout this maturity, and our parameters - in terms of levels to watch - have changed. With this said, what happened overnight, and what will action around particular levels tells about a potential intraday bias as we head into a fresh day of trading? Take a quick look at the chart. As you can see, action in the bitcoin price overnight....
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We are publishing our second bitcoin price watch piece a little later than normal today, primarily because action throughout this afternoon's European session has failed to bring any real entry signals to the table, and we thought we would hold out a little bit in order to see if anything materialized. As it turns out, action over the last couple of hours (across which we have been holding out) has remained relatively flat, with the bitcoin price holding a tight range (about $3-4) within the range we slated this morning as being the one to watch. T would be easy now to throw our breakout....
Bitcoin is fortifying at the top limit of a short-term flat. In order to maximize the possibility of a turn to growth, the market has to form an upward turnaround structure. Will an upward trend start soon? Bitcoin’s fortification in a zone profitable for the bears means that the bulls are currently holding the advantage, or, alternatively, there is a lack of interest from the majority of the bears at this level. One way or another, the current structure is a signal of an upcoming turn. The lack of interest from bears at this level could provoke a trend towards the next more significant....
In this episode of NewsBTC’s daily technical analysis videos, we examine a recent showing from bulls after a bloody Monday morning open in Bitcoin price action. Take a look at the video below: VIDEO: Bitcoin Price Analysis (BTCUSD): September 19, 2022 Last night, we had the weekly close in Bitcoin price, and overnight, there was a deep plunge to the low $18K region. However, since the 9AM Monday morning open, prices have climbed by more than 5% already leaving a long wick behind. Related Reading: WATCH: Bitcoin Barely Holds Onto $20,000 Support | BTCUSD September 16, 2022 Bull....
Bitcoin’s price action has been somewhat stagnant throughout the past few days and weeks, with bulls and bears both reaching a clear impasse The aggregated cryptocurrency market has been following in Bitcoin’s lead and is struggling to garner any decisive momentum One analyst is now noting that BTC has been holding above a key macro […]
Litecoin has been bearish since finding resistance in March at 2.14. The 4H chart shows a market that made a price top around 2.00 when it fell below support at 1.97. Since the slide, the market has reached a low around 1.60. ltcusd has broken below the 200-, 100-, and 50-period simple moving averages (SMAs) in the 4H chart. Also, the moving averages have shifted from sloping up with bullish alignment to sloping down with bearish alignment. (Bearish alignment = 200- above 100- above 50-period SMAs). Litecoin (LTCUSD) 4H Chart 31/3. As we begin the week, it looks like the bears in March are....