Buoyed Bitcoin Price Trend Fails to Turn Up on Internet Searches

Ether search interest is higher than ever, and is attracting interest from around the globe, a new report reveals. The United States is the country most interested in Ether (ETH), followed by Germany and Turkey, an analysis of search data has revealed. A report by Invezz.com, as reported by Finbold, showed 1,116,000 searches per month for the term ‘Ether’ emanating from the United States. Excluding searches by budding chemists, that’s the equivalent of around 36,000 internet searches per day for the world’s number-two cryptocurrency by market capitalization.Germany and Turkey followed....

Bitcoin is undergoing a correction toward the upward trend. That rebound can become a turn to decline. What is the most likely scenario for a turn? A stop and a rebound of Bitcoin’s price off the level of large trading volumes at $456 indicates that that trend is backed by some degree of support. But that situation can change, which we’ll be able to see, when judging by the structure of the price. If the bulls will continue to hold the advantage, a fortification at the level of $456 is unlikely. That means that in an upward scenario, Bitcoin’s price has to not form a turn at that level. In....

A turn to decline didn’t happen, which means that the upward trend is to continue. Bitcoin’s price now stands a chance to reach $445. Will the upward trend continue? The lack of a downward trend means that the bulls are holding the advantage. The majority of the traders were expecting the price to grow, at least in the medium-term scale. Thus, the turn to decline didn’t happen. The $424 resistance remains a critical point. That level is the most likely for a turn of the trend towards the next target of $415. A rebound from the level of $424 has only confirmed its significance. Thus, if a....

Ethereum’s price has carried out one of the trend development scenarios. The downward trend continues. What level will prove critical for this trend? Ethereum’s market has picked a downward scenario, discarding the possibility of forming a turn to growth. Despite the price fortifying at a level profitable for the bears, the bulls have failed to hold the advantage, and thus there was no turn to growth. The short-term downward trend will continue, as long as the advantage stays with the bears. The most likely point for a turn to growth is at $10.3, where a lot of trading volume converges.....

The short-term upward trend is continuing. A major part of bitcoin price trend has already been worked out. Will there be a turn to decline? As was suggested earlier, the impossibility of a fortification at $417.5 has provoked a rebound towards the next resistance line and a turn to an upward trend. As long as the trend’s structure stays intact, the upward movement will continue to the next target. It’s important to note a key level where that rebound is most likely to turn to decline. This lies at the resistance of $417.5. A rebound off it has just confirmed the importance of that level.....