Bitcoin Weekly Outlook: Expect Choppy Trades Near $16,000

Traders expect Bitcoin price to stay in a “choppy” $42,000 to $53,000 zone until confidence returns to the market. The wider cryptocurrency ecosystem is in a heightened state of fear on Dec. 6 after the Dec. 3 market sell-off continues to send ripples across the the sector and Bitcoin (BTC) price remains pinned below $50,000. Data from Cointelegraph Markets Pro and TradingView shows that bulls are managing to hold BTC price above $49,000 but the generally outlook suggests that additional days of consolidation are in store. BTC/USDT 4-hour chart. Source: TradingViewHere’s a look at what....

Bitcoin’s price action has been choppy over the past couple of weeks, with bulls and bears reaching an impasse as it consolidates between $10,200 and $11,200 These two levels have proven to be strong support and resistance, and which one is broken first could offer some significant insights into its near-term outlook As for where it may trend in the near-term, one trader is noting that it all depends on its upcoming weekly candle close […]

The flagship cryptocurrency broke north of $28,000 during the weekend session that helped it close the week 11.85 percent higher.

Bitcoin has switched its short-term market bias from bullish to bearish in the last two weeks.

Here's a look at what we are focusing on in the bitcoin price this morning. Tuesday’s here, and as things turned out, we had a pretty interesting night’s worth of trading in the bitcoin price last night. Not because price moved considerably, or anything like that, but because we got some choppy action that fell in line with our breakout levels. Normally, choppy action is a real pain. It gets us into trades and then ends up taking them out again almost right away. That’s what stop losses are for, and it’s a pain but something we just have to accept. However, last night’s choppy action fell....