Bitcoin Weekly Analysis - Buyers in Control
Key Highlights. Bitcoin price surged higher this past week and managed to clear an important resistance area. It looks like buyers are in control and they might take prices further higher in the near term. We were looking to buy dips in Bitcoin this past week, and it paid off to a great extent. Sellers struggled to contain prices, and as a result, there was a sharp upside reaction. There was a bearish trend line formed on the 4-hour chart of Bitcoin, which was breached this past week to set the path for a test of 240.00. There was a reaction noted around the mentioned area, and prices were....
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Bitcoin Price Key Highlights. The Bitcoin price continued to rocket higher and our bullish bias paid off in the near term. There are many positive signs emerging for the price and the idea of buying dips is still a good option. Bitcoin price traded above the $300 level and it looks like it might test the $350 area if buyers stay in control. Buyers to take the price higher? The Bitcoin price surged higher this past week, as the 4-hours chart clearly speaks a lot about how buyers were in control. The price broke a monster resistance area of $300 and the price even closed the week above the....
Key Highlights. Dash price after surging higher corrected lower as forecasted in the weekly analysis. There is a major support building around 0.0125BTC, which is likely to act as a pivot area. A bullish trend line is also formed, which is a crucial barrier for sellers. Dash price correction phase is likely to complete soon, which means buyers might take control in the near term. 0.0125BTC as a support. As highlighted in the weekly analysis, the Dash price surged higher after clearing a couple of major resistances like 0.0120BTC and 0.0125BTC. The upside after the break was stalled around....
Key Highlights. Dogecoin continued to move lower as can be seen clearly on the daily chart. 5 satoshis is a major hurdle for Dogecoin where buyers might continue to struggle in the near term. The Daily Dogecoin/Bitcoin price chart suggests that sellers are in control, as Dogecoin moved lower to test 30 satoshis. It managed to find support and traded back higher, but found resistance around an important bearish trend line. There is a major cluster of hurdles formed at 39.5-40.8 satoshis, which is coinciding with the highlighted trend line. The Dogecoin price is also below the middle band of....
Key Highlights. Bitcoin price continued to rocket higher in the tensed market, as there were a lot of inflows noted during this past week. There are many supports on the downside that are likely to act as a hurdle for sellers if the price moves lower from the current levels. Bitcoin price traded close to 300.00, and traded as high as 294.63 where it found sellers and moved a bit lower. We stated in the previous weekly analysis that Bitcoin price remains in an uptrend, and there is a high probability that price might continue to move higher. The price did move higher, as buyers remained in....
Ethereum price continued to trade higher this past week. Every dip was bought and if buyers gain control a new high above $6.70 is likely. Intraday Support Level can be $6.02. Intraday Resistance Level may be $6.65. Ethereum price followed a nice bullish pattern this past week and challenged the $6.60-65 resistance area a couple of times. However, the stated level is acting as a barrier for buyers and stalling an upside move. There is a breakout structure forming on hourly chart of Ethereum price (data feed via Kraken), which can be carefully watched for the next move. If there is a break....