Bitcoin price: weekend volatility ‘expected’ with $22K level to hold
BTC/USD could hit $30,000 if the current daily trend of higher highs and lows continues, one trader says as the market avoids weekend losses. Bitcoin (BTC) rose above $23,000 again into Aug. 6 as new analysis predicted a potential surge of 20% or more.BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewDaily chart gives trader $30,000 targetData from Cointelegraph Markets Pro and TradingView showed BTC/USD climbing overnight to once again sit near the top of its established trading range.After multiple attempts to break out above range resistance at $23,500, the pair appeared still....
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Every so often, we will set up our key levels in the Bitcoin price market on a particular day, and-as the price plays out over the next few days-we will see them hold firm over and over again. While this can help us in our trading, it is also a nice confirmation that our level placement is on point, and instills confidence in our strategy going forward. We are now on Friday evening, and about to head into what looks to be something of an uncertain weekend. As such, confidence in our key levels is a good thing. The Bitcoin price has been up and down this week, with breakouts in both....
Bitcoin is so far seeing a quiet weekend, with bulls taking control of its price action as they hold it above $18,000. This level was broken below earlier this week, but buyers were able to find enough support to thwart any intense selloff from here. Although the crypto is holding strong above this level, it […]
Dogecoin rallied during the weekend pushing its price out of the downtrend that it has been in. Weekend markets which are usually marked by low volatility often see these types of rallies that help bring cryptocurrencies out of their shells. This time around, meme coin, Dogecoin was at the receiving end of this, seeing the […]
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....
Here's a look at what we are focusing on in the bitcoin price this morning. So at the end of last week, our primary focus was the volatility that we had seen in the bitcoin price across the previous few days. Basically, last week started out relatively flat, but then over the middle of the week, price took a dive, and closed out trading somewhere in the region of the high 900’s. We weren’t sure whether price which remain there, and that the level would hold out as support, but we set up some levels heading into the weekend anyway, and crossed our fingers. As it turns out, price did dip a....