Bitcoin Price Up: Gains This Weekend?
Every so often, we will set up our key levels in the Bitcoin price market on a particular day, and-as the price plays out over the next few days-we will see them hold firm over and over again. While this can help us in our trading, it is also a nice confirmation that our level placement is on point, and instills confidence in our strategy going forward. We are now on Friday evening, and about to head into what looks to be something of an uncertain weekend. As such, confidence in our key levels is a good thing. The Bitcoin price has been up and down this week, with breakouts in both....
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Following strong gains on Friday, bitcoin was consolidating under a key resistance level to start the weekend. Bulls opted to secure gains as price uncertainty heightened in crypto markets, which as of writing are down 1% on the day. Ethereum was also marginally lower in the session. Bitcoin After strong gains on Friday, bitcoin (BTC) was trading marginally lower on Saturday, as prices fell below a key resistance point. Following yesterday’s high of $24,294.79, which saw prices briefly breakout of the ceiling at $24,200, BTC/USD dropped to a low of $23,481.17 earlier in the day.....
Following recent declines in price, WAVES climbed higher to start the weekend, as crypto markets moved marginally higher. Some of the biggest contributors to the gains were EOS and GMT, which both rose by over 6%.
EOS
EOS rose for a second consecutive session to start the weekend, as prices raced to their highest level in over ten days.
After trading at a low of $2.34 on Friday, EOS/USD raced to an intraday peak of $2.52 during Saturday’s session.
This is the most EOS has hit since April 7, and comes after prices moved away from the long-term support....
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....
There have been a few fundamental catalysts that have added strength to bitcoin this week, and these are likely to slow down over the weekend. After a solid week of gains in the bitcoin price, we are seeing some choppy action come about as we head into the weekend. This isn’t necessarily a bad thing – the opportunity to get in on some volatility means we can pick up a decent entry – but it makes things a little more complicated than the step up approach we have been using for the past few days. There have been a few fundamental catalysts that have added strength to bitcoin this week, and....
Bitcoin and ethereum began the weekend trading close to key resistance levels, as crypto markets continued to sustain recent gains. Overall, the global cryptocurrency market cap was marginally higher on Saturday, as traders prepared for this weekend’s session.
Bitcoin
BTC is currently trading 6% higher than at the beginning of the week, this coming as prices rallied to multi-week highs.
On Saturday, BTC/USD hovered marginally below its resistance of $45,050, as prices rose to an intraday high of $44,999.49.
Following four consecutive days of gains,....