Bitcoin Price Sinks Below $68K, Downside Targets Come Into Focus

Jungle Bitcoin Price Analysis Workshop. The Bitcoin price decline has resumed after bulls staged a weak rally to levels around $450. Last week's Bitcoin analysis forecast a retracement to the $450 area and, like clockwork, early Monday trade is showing signs of pushing to our interim target at $400 and perhaps lower. However, the price decline is about to run up against rising channel support. Takeaway. Pattern analysis shows that trend is still heading to the downside. While keeping an eye on continued risk of decline, traders and investors should focus on systematically building their....

At the time of writing, the Bitstamp exchange price has entered a holding pattern around $575. Bitcoin price began descending yesterday, 10 August, with acceleration becoming evident today during the US trading session. At the time of writing, the Bitstamp exchange price has entered a holding pattern around $575. Additional downside seems inevitable, and chart analysis suggests that the current wave down may be the last. However, it may also be the strongest wave of the current decline. Before making a hasty trading decision, be sure to read the analysis below and take note of the likely....

Darknote Price Key Highlights. DarkNote price continued to lose ground and traded lower to break the low of 0.000000747BTC. The price even cleared the all-important 0.00000070BTC, which ignited a downside move. All our sell targets hit, and it is now wise to book profits and step aside for a correction. DarkNote price tumbled and broke an important support area to set the pace for losses in the near term. Correction Ahead? The DarkNote price dived sharply and continued to trade lower. There was a monster downside reaction, which caused a break below the last pointed low of 0.000000747BTC.....

Here's a look at what we are focusing on in the bitcoin price this evening. In this morning’s analysis, or primary focus was a pretty wide range but some tight scalp targets and a real effort to maintain stringent risk management principles. We discussed the volatility that we’ve seen across the last few days in the bitcoin price, and noted that we might see some chop outs if we didn’t stay on top of this from a stop loss perspective. Well, it’s now time to take a second look at the market, in an attempt to gauge how we can incorporate the day’s action into tonight’s efforts. Action today....

Here's a look at what we are focusing on in the bitcoin price this evening. This morning, we noted that in response to the pretty flat action seen in the bitcoin price over the last few days (which in turn is a response to the low volume based around US Independence Day), we’d tighten things up and go after a five-minute analysis, rather than our standard fifteen minutes. This didn’t really change our approach, the levels were pretty similar to those in focus for the week so far, but it did allow us to go at price with a slightly narrower focus. Why is this a good thing? Because it means....