Bitcoin closes its second-best week ever: 5 things to watch in BTC this week
$50,000 support remains elusive but data suggests that the Bitcoin bull run is still "sustainable" with few sellers lined up. Bitcoin (BTC) starts a new week on a firmly bullish note as stocks tumble and BTC managed to close the week above $50,000. After a mixed performance last week that saw multiple tests of $46,000, buyer support is entering and BTC/USD is within 15% of all-time highs.Cointelegraph takes a look at what might lie in store for traders in the coming days with five factors likely to affect Bitcoin price action.Stocks nosedive as USD gainsThe tide is turning on the equities....
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Here's a look at what we are focusing on in the bitcoin price this morning. OK then, let’s get things kicked off for w fresh week’s worth of trading in the bitcoin price. Price moved a little over the weekend, with a bit of volatility here and there serving up a few entry opportunities. That said, we didn’t really see any sustained momentum, so the trades were just scalps, at best. We should have a pretty busy week ahead if things carry through from the end of last week, so let’s get some levels in place and see where things land. As ever, take a look at the chart below to get an idea of....
Here's a look at what we are focusing on in the bitcoin price this morning. So that’s another weekend out of the way, and considering what we saw in the bitcoin price heading into the close of the week last week, things we’re relatively flat. In the second of our twice daily bitcoin price watch pieces on Friday, we noted that there looked to be plenty of volume pushing the markets throughout the day, and that this might be indicative of some weekend long volatility. As it turned out, this wasn’t the case. Things remained pretty inactive (at least, that is, from a price perspective) and we....
Here's what we are looking at in the bitcoin price for the weekend ahead. It’s that time of the week again – the Friday close. We’ve had a pretty up and down week this week. The beginning of the week gave us some opportunities to get in according to the rules of our standard breakout strategy, and we drew a couple of nice profits before – mid week – things got a bit choppy. We tried to play a short term intrarange scalp strategy, but didn’t really have that much luck, and over the last forty-eight hours or so things have been pretty quiet. Sideways trading has dominated, and we’ve not....
Here's a look at what we are focusing on in the bitcoin price this morning. Okay then, the end of the week is here, and it’s time to put forward the penultimate of our twice-daily bitcoin price watch analyses for the week. Things have been pretty on and off this week. We have had periods of strong volatility, during which we have been able to get in and out of the markets according to our strategy rules for a few decent profits, but we have also had some relatively flat periods, whereby price has traded sideways and not really given us much to go at from a trading perspective. Let’s hope....
Here's a look at what we are focusing on in the bitcoin price this morning. Ok, let’s get things kicked off for a fresh week of trading in the bitcoin price. Things have been pretty inconsistent over the last couple of weeks. We got what looked to bet he start of some degree of sustained incline around mid November, but the incline tapered off as it got closer and closer to 800 flat, and having topped out around twenty dollars or so short, has since corrected to current levels in and around the 740-750 mark. This is still not a bad run when you zoom out a bit and look at the longer term....