Bitcoin Price Back To Sideways

Bitcoin Price Back To Sideways

Bitcoin price broke above its narrow 4-day trading range, but may soon re-enter the horizontal layer that has been constraining market activity. Although it looked like the wave would push toward $440 in SUnday’s low liquidity, the wave has been declining piece-meal since the high at $428. In keeping with the jagged price patterns visible in the chart, we can expect that the spike up will eventually be fully retraced, or perhaps continue lower. The vicinity of the 200-period moving average (red) seems a logical target, below which we’d look to short. Staying above means ongoing....


Related News

Bitcoin Market Wrap Up 5/3-5/10: Bitcoin Sideways, XMR, VRC, and NET Solid Performers

This week has seen much sideways movement from Bitcoin, but nothing that will impact Bitcoin in the long term. Bitcoin started the week in the mid $230s, where it proceeded to decrease slowly to a bottom of $230 around Thursday. On some exchanges like Bitfinex, it even dipped a little below that, briefly touching $228. After it had hit the floor, Bitcoin rose $20 in two days, peaking at $249 where it then proceeded to tumble back down to $240. Since then it has jumped back to $245, and Bitcoin is now stuck in a fork in the road where the price will either push back up with another bull run....

Bitcoin Price Technical Analysis for 12/16/2016 – Settling in a Range

Bitcoin price could continue to trade sideways as the Christmas holidays are approaching and volumes might be turned down. Bitcoin Price Key Highlights. Bitcoin price seems to be moving sideways recently, possibly establishing its range for the remainder of the year. Volatility has been subdued again after the FOMC statement led to a sharp rally for the dollar then a quick reversal. Bitcoin price found support around $765 and resistance at $795. Technical Indicators Signals. The 100 SMA is still above the longer-term 200 SMA so the path of least resistance is to the upside. Bitcoin price....

When will Bitcoin Crash?

The bitcoin price did stay below $220 for a while today. Some big buy orders pushed the price back up and the BTC/USD is currently struggling to stay above the $220 level. Bitcoin price trailing sideways again. In the meantime, the volume has been slowly drying up as the trades executed in the last 24 hours didn't even surpass the $15m barrier. It's clear enough that the resistance at $220 wasn't strong enough to keep the price above this level. Some huge sell orders caused BTC/USD to trail sideways for several hours. More bearish activity is to be expected despite the few seemingly....

Bitcoin Price Crashes To $19,000, But Stays Strong Against Other Assets

The Bitcoin price has experience volatility over today’s trading session as the cryptocurrency rallied to the $20,000 level. Across social media platforms, some market participants celebrated the bullish price action, but they went silent as BTC stumbled back into its range. Related Reading: Bitcoin 90-Day CDD Hits All-Time Low, What Does It Say About Market? At the time of writing, the Bitcoin price trades at $18,900 with a 1% and 3% loss over the last 24 hours and 7 days, respectively. The benchmark cryptocurrency has been moving sideways trading in a range between its current levels and....

Daily Bitcoin Price Analysis: Lull and Correction before Raise

As expected, the pair BTC/USD has spent the last day of autumn without any rush. The Bitcoin price remained in the range of $350 – $380. Yesterdays’ sideways trend could be attributed to the expectation of correction before another rise. Considering weak statistics from the US Dollar there is no reason for its growth today. Today it is obvious that the sideways trend will continue on the level of $350 – $400. However, after reaching $340 the Bitcoin price may drop back to $320 and $310. Given that there should be releases of key macroeconomic data in the US today we expect the Dollar....