Bitcoin Price Watch; Riding Out The Weekly Close
Here's what we are looking to trade in the bitcoin price on Friday morning out of Europe. So we’ve come to the end of the week, and its time to take a look back at how our intraday bitcoin price watch strategy performed against recent action. It has been a pretty wild week, especially when compared to some of the weeks we’ve had of late, so there has been plenty to go at from a breakout perspective. Specifically, we managed to get into the two upside runs – one at the beginning of the week that saw price break the 650 flat mark and then one just yesterday (well, Wednesday Asian session if....
Related News
A charge into the weekly close delights analysts as "Moonvember" looks set to continue — can anything spoil bulls' fun? Bitcoin (BTC) begins a new week with a race towards all-time highs as bulls save the day — and the week — at the last minute.A week of sideways BTC price action came to an end just in time for the weekly close, with Bitcoin bouncing back to $66,000.It is a classic move that has become all too familiar in recent weeks, and attention is now focusing on bullish outcomes once again.With Wall Street still to open, Monday has yet to set the tone for the third week of....
In this episode of NewsBTC’s daily technical analysis videos, we take a closer look at a variety of bullish signals in Bitcoin that fired with the most recent weekly open. However, the cryptocurrency market isn’t out of the woods, as this week must confirm the signals with a strong close. Take a look at the video below: VIDEO: Bitcoin Price Analysis (BTCUSD): September 12, 2022 Last night we had a weekly close in Bitcoin and have already added nearly 3% on top of around 16% from the lows swept during last week’s candle. As a result of the move, several bullish signals have....
Bitcoin’s price is largely stagnant in the time following its strong move up to $11,400 This consolidation is bullish because it shows that bulls have enough strength to remain in control of BTC’s near-term trend The key resistance to watch in the near-term sits at $11,600. A break above this level would be technically significant and likely lead to further upside One analyst is now noting that he is awaiting today’s weekly candle close before […]
Here's a look at the levels in focus for today's bitcoin price watch intraday strategy. In yesterday evening’s analysis, we focused on the relatively flat action we have seen in the bitcoin price across the last few days, and commented that this might continue as we head into the close of the week. As things have turned out, we’ve seen the opposite happen overnight. Last night, as the Asian session kicked off, the bitcoin price rose sharply in what amounts to an almost mirror image of the action seen over the weekend, and topped out just shy of 750. A correction has brought things down to....
After consolidating for many days, Bitcoin underwent one final push ahead of the weekly candle close just minutes ago. The price of the leading cryptocurrency currently trades for $19,400, far above the weekly lows. This one final push allowed BTC to push to its highest weekly close ever, according to a crypto trader known as […]