Bitcoin Still Has More Buyers Than Sellers (And That’s All That Really Matters)
More buyers than sellers, consistent headline coverage, new announcements: these are just some of the reasons why, despite volatility introduced to the market by a recent Bitfinex hack, the Bitcoin price remains stalwart and should have no problem taking out previous highs within 1,000 days. Bitcoin has had a hectic year – there can be no doubt about that. But through the peaks and valleys a dedicated contingent has championed its benefits and, every day, curious people looked into Bitcoin for the first time to learn how it might benefit their life. Thus, despite hacks, gut-wrenching price....
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Traders’ expectations during the last week were not entirely certain, but quite predictable. The initiative was taken from sellers by buyers and vice-versa. Finally settling on a long-term level of $400-390, highlighted long before the downward trend, the buyers have seized the advantage. This is caused by buyers closing their deals. The Bitcoin price was more or less certain in its upward trend. Fortifying on the medium-term resistance of $409, which was mentioned several times before, the buyers have held this mark, which yet again provoked sellers into closing their positions. At the....
Ethereum has seen some immense turbulence throughout the past few days and weeks, with buyers and sellers both vying to gain control of its price action The cryptocurrency has been unable to gain any clear trend, with buyers keeping it stable between $1,200 and $1,400, while sellers continue guarding its all-time highs It has now […]
Dash Price Key Highlights. Dash price continued to trade in a tiny range with a monster support around 0.0116BTC. Sellers are struggling to clear 0.0116BTC, which poses a threat of a bounce. As mentioned yesterday, buyers need to break the 100 simple moving average to take the price higher. There was an upside reaction in Dash price yesterday, but buyers failed to maintain gains as the price moved back lower. Consolidation Phase. Looking at the current price action, it looks like the price is under a major consolidation phase, as both buyers and sellers struggling to take the price in one....
Key Highlights. There are a couple of monster bearish trend lines on the daily timeframe chart of Dogecoin price, which are preventing buyers to take the price higher (price feed from HitBTC). There were many attempts made to clear the highlighted trend line and resistance area, but sellers managed to defend the upside successfully. The breakout pattern on the 30-mins chart (price feed from CEX. IO) is still due that can cause some action moving ahead. Dogecoin price is attempting to trade higher and break all shackles, but the resistance around 40-45.0 Satoshis is preventing gains.....
Ethereum Price Key Highlights. Ethereum price moved down further and traded below the last week's low to set a new low of 0.00251BTC. There is a bearish trend line formed on the hourly chart, acting as a hurdle for buyers in the short term. There is a risk of more losses, as sellers look in control of the situation. Ethereum price continued to weaken as the price fell to a new low of 0.00251BTC where buyers appeared. Can Sellers Remain in Control? There was a lot bearish pressure noted on the Ethereum price recently, which took the price towards 0.00250BTC. There were a couple of nasty....