Bitcoin Price Ranges: Here are the key levels
In these bitcoin price watch pieces, it's not uncommon for us to trade a relatively tight range. Over the last week or so, however, we had quite a lot of volatility in the bitcoin price, and it has afforded us the opportunity to widen out our parameters a little bit and try out some intra-range trading. We did this overnight in the Asian session on Thursday, and as we head into a fresh European session today, let's try something similar. So, with this said, what are the levels that we are going to keep an eye on today, and how we going to look to trade bitcoin price as we head into the....
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On-chain data suggests the path to $2,500 could be open for Ethereum now that the asset has managed to cross the $2,100 mark. Ethereum Has No Major Resistance Levels Until $2,500 In a new post on X, the market intelligence platform IntoTheBlock has provided an update on how the Ethereum levels are looking in terms of on-chain support and resistance. In on-chain analysis, ranges are defined as support or resistance based on how many investors acquired their coins inside them. The below chart shows the density of addresses at various levels above and below the current spot price of the....
The extent to which today's action is representative of what's going on fundamentally in the bitcoin space is unclear - but one thing we do know is that after yesterday's gains in the bitcoin price, we expected some continuation of the trend. In this morning's bitcoin price watch piece, we outlined the levels we would be looking at to try and get in and take advantage of any such continuation. However, during Wednesday's session, the bitcoin price has remained relatively stable. We tested support a few times a little earlier on this afternoon, but with no candlestick closes outside of our....
A little earlier this morning we published our twice-daily bitcoin price watch piece highlighting the levels we were keeping an eye on throughout today session. Action has now matured throughout the day, and - while we are trading at pretty much the same levels as we were when we published this morning's piece, we have seen a certain amount of volatility and some action that suggests we could get a break out a little later on this evening. With this said, what are the levels we are now keeping an eye on, and where will be looking to trade to and from the bitcoin price tonight? Take a quick....
Here's a look at what we are focusing on in the bitcoin price this evening. Action today has been pretty flat, and we’ve not had too much opportunity to get in and out of the markets according to the levels we outlined this morning. Price ranged sideways for the majority of the European session, and while we got the odd break, it didn’t last, and price returned to close back within the range before the candle closed out, so we didn’t get in on the break. It can be frustrating sometimes when we don’t get in on the breaks, especially when we see volume, but there’s a silver lining. When....
For the first time in a number of weeks, action in the bitcoin price came during the European session rather than the Asian overnight session. Yesterday's market saw a sharp increase in the price of bitcoin from lows of around $223 to intraday highs of $231, and - from these levels - the bitcoin price has ranged between relatively tight parameters to bring us to this morning's session. So, with this said, what are the levels that we are watching in the bitcoin price today, will we get another movement like we saw yesterday, and if so, can we get in and out of the markets according to our....