Bitcoin Price Technical Analysis for 02/01/2017 – Back at $1000!
Bitcoin price zoomed up to the $1000 area after breaking above consolidation, signaling a return in bullish momentum. Bitcoin Price Key Highlights. Bitcoin price finally made a break out of its tight consolidation pattern highlighted in the previous article. Price made an upside break and went all the way up to the next ceiling at $1000 as expected. Weakness in US markets is starting to take effect on bitcoin price as talks of currency devaluation swirled. Technical Indicators Signals. The 100 SMA is still above the 200 SMA on the 1-hour time frame, narrowly avoiding a downward crossover.....
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Bitcoin price has scaled beyond the $1000 for the second time in 2017 and the first time in four weeks. The end of 2016 saw the cryptocurrency flirting with $1000 before scaling the mark come the new year. The Bitstamp Price Index (BPI) reveals bitcoin scaling the $1000 milestone at 16:30 (UTC) on Thursday and despite a brief dip shortly after, bitcoin was trading to the dollar at $1010 at the end of day. Momentum stuck through the early hours of Friday as price swelled further to register a high of $1022.6 at 06:30. Prices fell below the threshold again toward $998 before recovering near....
Bitcoin price struck a high of $1025 on the Bitstamp Price Index (BPI), ringing in the new year with numbers unseen since January 2014. Price flirted with the $1000 milestone throughout most of yesterday, before scaling the figure at 20:40 UTC. The price of bitcoin had already scaled $1000 on the first day of 2017 Although the day began with bitcoin trading to the dollar at $998.65, bitcoin price pulled back above the psychological and significant milestone in the early hours of the day. At 02:45, price registered at $1001.19 and the value of bitcoin has been making gains ever since. At....
Bitcoin price made an upside breakout from its symmetrical triangle but failed to sustain the climb, which suggests that consolidation could still stay in play. Bitcoin Price Key Highlights. Bitcoin price recently broke above a short-term consolidation pattern, possibly signaling its intention to head further north. However, price pulled back to the broken resistance just as quickly so the breakout may have been a result of a squeeze rather than a directional catalyst. Scrolling further back reveals that bitcoin price could be ranging between $960 to $1000. Technical Indicators Signals.....
The new year starts memorably for bitcoin, as the bullish trend seen throughout late 2016 continued into 2017, with bitcoin striking a high – at the time of publishing – of $998 on the Bitstamp Price Index (BPI). However, bitcoin price in China is already above $1000 in its equivalent in yuan, with trading price streak beyond 7,100 yuan (approx. $1022.35). A few exchanges, including the likes of Coinbase and Bitfinex have notably seen price cross $1000 per coin. Today’s surge began at 10:00 (UTC) when a bitcoin was trading at $965.36. A quick spike saw price reach $974.59 by the hour’s....
Bitcoin price seems unstoppable in its climb as it kicked off 2017 on a strong bullish note with these candlestick formations. Bitcoin Price Key Highlights. Bitcoin price was off to a good start for the year, as three long green candles are forming on the weekly time frame. This reflects strong bullish pressure onto the first trading week of January, perhaps an omen of how price action could turn out for the rest of the month. Price has taken out the long-term resistance at the $1000 mark and is setting its sights on the next ceiling at $1100. Technical Signals. The 100 SMA is still above....