Bitcoin is Getting “Squeezed” Between 2 Critical Levels; Volatility Imminent
Bitcoin’s price action has been rather lackluster ever since it saw its sharp decline to lows of nearly $28,000 just a few days ago The selling pressure that sent it down to these lows has since subsided, but bulls have been struggling to extend the momentum that first sparked this movement Where the entire market trends in the mid-term may depend largely, if not entirely, on whether Bitcoin can sustain the rebound seen in the […]
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Bitcoin has embarked on a strong rally over the past few days that has brought from the $9,800 lows to $11,500. This is an over 15% rally that has brought the coin above crucial technical levels. Analysis predicts that Bitcoin is set to continue its surge to the upside. The analysis shows an imminent reversal in the one-day MACD, coupled with Bitcoin moving above a critical moving average. Critical Bitcoin Buy Signal Is About to […]
Shortly before the markets closed in the UK yesterday evening, we published our twice-daily bitcoin price watch analysis piece. In the piece, we highlighted a number of the key levels we would be keeping an eye on in the bitcoin price throughout Wednesday evening, and suggested how we might respond to price reaching or breaking these levels as far as entering according to our scalp strategy was concerned. Now action has matured overnight, we are looking at a number of fresh key levels today to try and to draw profit from the market. With this said, what are these levels, and where will we....
Bitcoin bounced back from the high area of around $30,000, and trends to the upside of its current range. The first crypto by market cap managed to trace back its weekend losses and returned to the $40,000 area. Related Reading | TA: Bitcoin Recovers Losses But Here’s Why $41.5K Could Prevent Gains At the time of writing, Bitcoin trades at $41,600 with a 6% and 5% profit in the last 24-hours and 7-day, respectively. The general sentiment in the market seems optimistic as BTC’s price was able to push back the bears’ fresh assault and prevent further losses. The $38,000 to $39,000 area....
Bitcoin has been experiencing some volatility over today’s trading session as the price of BTC touches critical resistance levels. The number one crypto by market cap positively reacted to macroeconomic factors, but as the weekend approaches, low levels might lead to sudden price movement. Related Reading: WATCH: Weekend At Bitcoin’s: Will The Dead Crypto Make A Comeback? BTCUSD September 2, 2022 At the time of writing, Bitcoin (BTC) trades at $19,800 with a 1% profit in the last 24 hours and an 8% loss over the past week. The cryptocurrency saw bullish price action after the U.S. posted....
In this morning's bitcoin price watch piece, we highlighted the levels that we would be watching throughout today's European session. We suggested that - on the back of the volatility we have seen throughout the majority of this week - we may get some further volatility from which we could draw medium-term profits. As action has matured throughout today, it has become apparent that we will likely not see this volatility before the Asian session kicks off tonight. However, before this happens, it's worth highlighting the levels that we are watching this evening, and addressing where will be....