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....
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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 is back under $57,000 after losing an important trend line that has supported the cryptocurrency’s now historic uptrend. The critical uptrend line began just after the leading cryptocurrency by market cap cracked back above $20,000 for the first time, and it never looked back since. Losing such a line, however, could lead to the first extended return to prices previously traded at, requiring a stronger bounce before the Bitcoin bull run resumes. Bitcoin […]