Bitcoin Still Down: Some Reprieve Heading into the Weekend?
This week has been one that we would rather forget in the bitcoin price. Having gained considerably during the end of last week and especially throughout Sunday's European session, the bitcoin price has declined at a consistent rate throughout the majority of this week, and - while we thought we may get some reprieve heading into the weekend - action on Thursday night and early Friday morning has simply compounded the recent bearish momentum and brought us to trade pretty much at the levels we were looking at pre-gains last weekend. We have managed to enter according to our intraday....
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Bitcoin plunged as low as $34,500 on Bitstamp just minutes ago as buying pressure finally began to subside heading into the weekend. After peaking at $42,000 late last week, the cryptocurrency’s price action began to taper off heading into the weekend. This culminated in a strong flush lower over the past few hours that brought […]
Here's a look at what we are focusing on in the bitcoin price this morning. So that’s another weekend out of the way, and considering what we saw in the bitcoin price heading into the close of the week last week, things we’re relatively flat. In the second of our twice daily bitcoin price watch pieces on Friday, we noted that there looked to be plenty of volume pushing the markets throughout the day, and that this might be indicative of some weekend long volatility. As it turned out, this wasn’t the case. Things remained pretty inactive (at least, that is, from a price perspective) and we....
Here's a look at what we are focusing on in the bitcoin price this morning. So there we go. Another week pretty much complete, and it’s been a big one for many reasons. Trump is heading to the White House, the bitcoin price has made a series of fresh highs, and sentiment seems to be on the up. We’re expecting this sentiment to maintain throughout the weekend and into next week, so 800 is looking more and more of a possibility. Yes, we’ve got $80 or so to go before we crack this level, but we’ve seen bigger moves over a couple of days, and we’re going to be optimistic. So, with this in....
The new week has come with glad tidings for the price of bitcoin. After struggling to maintain above $20,000 for the better part of the last month, the digital asset has finally found some much-needed reprieve coming out of the weekend. This new upward trend has signaled some good things for the market going forward. […]
Here's a look at what we are focusing on in the bitcoin price this morning. Well, here we are. Another week pretty much done in the bitcoin price, and a couple of daily looks at action to go. All in all, it’s been a great week. We’ve had plenty of opportunities to get in and out of the markets according to our intraday strategy, and we are up nicely on the market heading into the weekend. So long as we can maintain some semblance of risk management during today’s session, there is no reason we can’t head into the weekend on a high, and pull out another couple of profits from volatility in....