Bitcoin preserves $51K — Here are the BTC price levels to watch
$47,000 forms the basis for avoiding “any breakdown,” an analyst says after BTC/USD halts its upside at $52,000. Bitcoin (BTC) began testing new support levels on Monday after an overnight rally paused at $52,000.BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewAnalyst: Bitcoin needs to keep $47,000 to avoid “breakdown”Data from Cointelegraph Markets Pro and TradingView showed BTC/USD challenging $51,000 after breaking through the level for the first time in nearly four months.In so doing, the largest cryptocurrency was “likely” testing the staying power of support, which had....
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Yesterday afternoon we saw the bitcoin price breakout of its intraday range (the parameters of which we highlighted in the mornings bitcoin price watch piece), and we published our analysis shortly before the markets closed in Europe offering up the levels we were keeping an eye on in the bitcoin price overnight and what the breaking of these levels would mean as far as our intraday positions were concerned. Now action has matured, we have a few new levels to watch. What are these levels, and how might we enter a position in the BTCUSD today? Take a quick look at the chart. As you can see,....
Yesterday afternoon, shortly before the markets closed in the UK, we published our bitcoin price watch piece highlighting the levels we would be keeping an eye on in the BTCUSD as the bitcoin price matured overnight. We've seen some considerable movement throughout this maturity, and our parameters - in terms of levels to watch - have changed. With this said, what happened overnight, and what will action around particular levels tells about a potential intraday bias as we head into a fresh day of trading? Take a quick look at the chart. As you can see, action in the bitcoin price overnight....
A little earlier on this morning, we published our twice daily bitcoin price watch piece. In the piece we outlined the levels we were looking to watch in the bitcoin market throughout Friday's session, and stated that - if we got the volatility we were looking for - we would look to enter according to our breakout strategy in an attempt to draw a short term scalp profit on the action. Action has now matured throughout the day, and we are heading into the close of the European session and the beginning of the weekend. In the majority of other financial assets, markets would be pitching to....
At the end of last week, we published our twice-daily bitcoin price watch piece. In the piece, we highlighted a few of the key levels that we would be keeping an eye on in the bitcoin price over the weekend, and suggested how we would respond to price breaking or reaching these levels as far as entering on our intraday scalp strategy was concerned. Now action has matured over the weekend and we have seen quite a lot of volatility so, with this said, what are we watching today, and how might we draw profit from the market throughout the European session? Take a quick look at the chart. As....
A little earlier on today we published our twice-daily bitcoin price watch piece, highlighting the levels we were looking at in the bitcoin price and suggesting how we might react to price reaching these levels as far as entering long or short positions was concerned. Now action has matured throughout the European session, and we are heading into the weekend, what will we be keeping an eye on, and the breaking of which levels will signal entry for us? Take a quick look at the chart. While we are primarily looking to the downside this week, and a break in this direction compounded this bias....