Bitcoin Price Losing The Highs
Bitcoin price wasted more time below resistance, today, as the bulls bought into an assumed rally. Indeed, a rally is possible, but the exchanges have more to gain from pulling price down into liquidation than giving small fish retail traders what they explicitly want. Bitcoin price formed another lower high overnight. The bulls are supercharged. As if the only option is to be long on a low trajectory, low volume high since last week. The advice remains that traders should allow the market to battle it out and join the move only when the technicals confirm a move in either direction. At....
Related News
Bitcoin is officially trading at fresh all-time highs, with the crypto’s price racing as high as $20,800 this morning before losing some momentum and hovering just below this level Where the crypto trends in the mid-term should depend largely on whether or not it can turn this momentum into another parabolic uptrend One trader believes that this is a strong possibility, and could be induced by an imminent short-squeeze The break above $20,000 has put […]
Bitcoin has been on a wild ride throughout the past few days, with bulls sending the cryptocurrency rocketing up to fresh all-time highs yesterday around $19,800 before losing their strength and succumbing to bears. From here, the cryptocurrency’s price saw a vicious decline that sent it all the way down to lows of $18,200. The […]
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....
Bitcoin has been caught within the throes of a wild uptrend throughout the past few weeks, with each dip being aggressively bought This has allowed it to see fairly steady gains, with sellers being unable to gain any real control over its price action Just today, the crypto set fresh all-time highs as its price rallied past $25,000, and it is showing few signs of slowing down anytime soon One trader explained in a recent […]
Bitcoin Price Key Highlights. Bitcoin price has been trending higher, taking on new highs in the past few days. Price has topped at the $335 area before retreating, making a corrective wave to the rising trend line support and 200 SMA. Bitcoin price has resumed its impulse wave and might be ready to surge past the previous high onto new ones, based on the Fibonacci extension levels. Resistance at $350? Technical indicators are hinting that the recent rally is already overdone and it might be time for buyers to book profits off their latest positions. If so, the previous highs could....