'Resistance is futile' — 5 things to watch in Bitcoin this week
A surprise surge greets BTC hodlers at the start of the new week with $65,000 suddenly returning overnight. Bitcoin (BTC) starts a new week on a high in more ways than one as BTC/USD seals its highest ever weekly close.After days of painfully slow progress, Bitcoin finally put in a breakout move to the upside to pass crucial levels.Now ready to go “parabolic,” some argue, the largest cryptocurrency is now firmly back on the radar of traders after a week dominated by record highs in altcoins.Will “Moonvember” start to live up to its name? Cointelegraph takes a look at what could end up....
Related News
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....
The week is about to draw to a close, and it’s time for the second of our twice-daily bitcoin price watch analyses. As we have done a few times already this week, let’s kick things off with a chart. The chart below is a 15-minute candlestick chart showing the last 24 hours worth of action in the bitcoin price, with the framework that we outlined this morning still overlaid. As you can see, the range we outlined this morning was defined by in term support at 445 and in term resistance at 451. With about six dollars to play with, we said that we would look at implementing both our breakout....
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 going to watch for tonight's session in the bitcoin price. Before we get started on this evening’s analysis, there are two things worth pointing out from this morning’s publication. The first, that we remain well within the range we slated, which likely means that we’ve seen the end of last’s night’s decline, at least temporarily. Second, that we did get a brief correction, and we managed to pick out the reversal point almost to the cent. Bragging rights aside, why is this important? Well, it validates our upside key level (i.e. resistance) and suggests there’s probably....
Resistance is futile and the time for doing nothing with crypto was two years ago, not today, says our columnist.