Bitcoin Price Perspective
Bitcoin price continues scratching out a non-committal path around $420 and 2800 CNY. Another attempt at advance is not out of the question, but the prospect of a labored decline looms. The outlook for bitcoin price is bearish. In the coming days we will cover the three pillars of analysis with respect to the bitcoin chart: technical, sentimental and fundamental. Today’s article considers the chart technicals. The 4-hour chart shows a repeating pattern of price action since mid December: the market cautiously approaches a down-sloping ceiling and then sells off rapidly. The last three....
Related News
Francis Suarez reminded people that volatility plays an equal role when the market is going up, but the concerns only come up during bear markets. Miami mayor Francis Suarez believes that Bitcoin (BTC) should be seen from an innovation perspective rather than just as an investment asset.Suarez’s comments came during his discussion on “The Future of Crypto” on the third day of the ongoing World Economic Forum (WEF) 2022 at Davos. He said:“We live in a world where investors only look at things from a return perspective, but Bitcoin should be seen from an innovative and technology....
The bitcoin price lost strength pre-market on Tuesday, but is it just a temporary decline? Yesterday we mentioned that, as a response to the tight, sideways action we had seen throughout the afternoon session in the bitcoin price, we would tighten up our range but set up against a possible sharp move on the back f price breakouts. As things turned out, we got just this move. Unfortunately, from a long term holding perspective, the move didn’t come in the direction we’d hoped. From action yesterday morning it was looking more likely that we would see 500 flat before we broke 400 again –....
Here's a look at what we are focusing on in the bitcoin price this morning. For this morning’s analysis, we’re going to shift back to the fifteen minute charts from the five, just so as we can get a little bit of perspective on the bitcoin price action seen last night. Over the last few days, things have been relatively active, and during yesterday’s session we got taken out of a trade on a stop loss hit primarily as a result of this activeness, but overnight things seem to have settled down a little. Price initially broke to the downside shortly after we published our analysis, but not....
Bitcoin price charts are an amazing sight to behold. Past market cycles that used to look like bubbles that popped and fizzled out, eventually are eclipsed by the next major crypto uptrend. Another such instance is well underway, but when zooming out, the perspective shows just how distant the peak of this current cycle very well could be from here. Bullish Bitcoin Bubble Is Nowhere Near Popping, Past Cycles Show Bitcoin derives its value from […]
Earlier this morning in our twice-daily bitcoin price watch piece, we suggested that the overarching momentum in the bitcoin price throughout the first half of this week has been to the downside. Perhaps it is due to speculation from a fundamental perspective, or perhaps it's just selling pressure that has arisen as a result of the sharp decline we saw over the weekend, but - whatever the reason - we explored the potential for further downside momentum throughout today's European session. The European session has now closed the day, and as it turned out, we did get some bearish action in....