Bitcoin Price Rockets: Fresh Highs Hit
Over the last few weeks, our strategy when it comes to trading the bitcoin price has been incredibly effective. Buoyed by the bullish momentum, our approach has seen us take out a number of key resistance levels to bring us to where we currently trade - just shy of 340 flat and hitting fresh annual highs with each day's action. As we head into a fresh European session today, the question becomes can this momentum continue, or are we likely to see a correction near term? Oftentimes, when the price of an asset increases at this sort of pace, we see participants booking profits and - in turn....
Related News
Ethereum’s price action has been incredibly lackluster compared to that seen by Bitcoin and the rest of the crypto market. While BTC pushes up towards fresh yearly highs of $13,000, the rest of the crypto market has remained fairly stagnant. In particular, ETH has only seen tempered gains and remains well below its 2020 highs […]
It seems that every day over the past couple of weeks we have seen strength in the bitcoin price. When we spiked down through the $200 mark at the end of August, it looked as though bitcoin was in for a tough final quarter - how quickly things change. A look at the daily chart reveals just two days of decline from the last 19 days of action, and we are now trading just shy of 2015 highs. One more push up and we could carve out fresh highs - something that in itself could translate to some further upside momentum going forward. So, with this said, let's take a look at the levels we are....
Bitcoin is in the process of consolidating after the cryptocurrency saw a push to all-time highs last night, which led it as high as $36,000 This movement came about suddenly and was quite surprising, but it didn’t last for long The rejection at these highs was not too grave, as BTC has been able to find some strong support within the lower-$34,000 region ever since There’s a strong possibility that it will consolidate here, as […]
Shortly before the European markets closed on Monday afternoon, we published this piece, highlighting the day's bullish action and hinting that there could be further bullish action to come, providing the upside momentum held firm. Throughout the US afternoon session, and into late Monday evening GMT, we saw this bullish action materialise, with the bitcoin price trading to fresh monthly highs just ahead of the revered 300 level. From these highs, we have seen a small correction, but a look at the chart offers up no reason why we can't see further gains during Tuesday's European session.....
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....