Bitcoin Price Stays Flat as a Consolidation Range Between $565 and $585 Remains Intact
As we head into the unofficial last week of the summer, we continue to expect lackluster price action through the long holiday weekend in the US. That said, we are getting closer to a seasonal period that is more conducive to volatility in all financial markets. Bitcoin has been steady as a rock over the past couple of weeks, much to the chagrin of shorter term traders and market makers. Despite frustration on the part of some market participants, we think it is a good sign to the broader pool of global investors that the largest cryptocurrency has remained so stable following what was one....
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After a slight pickup in volatility last week, the dogecoin price settled back in its current range between 47 to 50 satoshis. The 100 exponential moving average (green) has held as resistance, indicating that the consolidation or longer-term downtrend might stay intact. Price hit resistance around 51 satoshis last week and proceeded to test the range support near 48 satoshis. Stochastic (8,3,3) on the dogecoin price chart from Hitbtc is between 60 and 80 and is moving down, indicating that selling pressure is building up. Further declines in the stochastic indicator could mean more losses....
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Mohit Sorout says Bitcoin could rise to a new all-time high in three months when it breaks out of the existing range. The price of Bitcoin (BTC) has been consolidating within a tight range for several months. If the top cryptocurrency successfully breaks out, Bitazu Capital founding partner Mohit Sorout says a record-high would be imminent.Since July 2020, Bitcoin has been ranging between $10,200 and $11,800, a 15% range. It has seen subdued volatility for a prolonged period, except for some short instances of a volatility spike.When Bitcoin stays stable for a long time in a tight price....
Here's what we are looking at for this evening’s session in the bitcoin price charts. Ok, so this is where things stand. The bitcoin price took us out of our predefined range momentarily a little earlier on today, and according to the intraday strategy we described this morning, put us long in the markets. However, before the charts could form another candle, price returned to trade within the range, and took out our stop for a small loss on the first trade of the week. Since the taking out of our stop, price has remained relatively flat, and we are going to tighten things up a little for....
Here’s what we are focusing on for this morning’s session in the bitcoin price. We’re heading into the middle of the week, and action so far has given us plenty to go at. Having traded relatively flat over the weekend, the bitcoin price entered the week with a bang, rushing through the 550 flat mark and sustaining some upside momentum towards what now looks to be the next major upside milestone – 600 flat. Whether we will actually break this level remains to be seen – longer term its almost an inevitability, but near term we cannot be so sure. Regardless, we are going to set up against....