Bitcoin analysts are watching these BTC price levels as key trendline looms
Consensus says that $22,400 marks the start of possible bottom territory, but the downside targets technically extend all the way to $11,000. Bitcoin (BTC) is trading at its lowest since mid-December 2020 on June 13, but the bottom could be anywhere.As the weekend sell-off intensifies, BTC/USD has now broken below its realized price for the first time since March 2020, data from Cointelegraph Markets Pro and TradingView confirms.Bitcoin clings to realized priceAt around $23,400, realized price — the average price at which each BTC last moved — is acting as the first solid support so far on....
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Yesterday afternoon, we published our twice-daily bitcoin price watch piece, highlighting the levels that we had been watching during today's session, and suggesting a couple of key levels that we will be keeping an eye on as we entered into Thursday evening and beyond. Now action has matured overnight, and Though we have not seen considerable movement in the bitcoin price, our key levels have changed from those we were watching last night. With this said, what are we watching now, and how can we play price action as we head into the European Friday morning session? Take a quick look at....
It’s been quite a boring month for Bitcoin. After plunging around $2,000 at the start of the month, the leading cryptocurrency has entered a tight consolidation range between $10,000 and $11,000, bouncing back and forth between those pivotal technical levels. As of this article’s writing, BTC trades for $10,700, at levels that some analysts have […]
On Thursday evening, shortly before the markets closed in Europe, we published our twice-daily bitcoin price watch piece. In the piece, we highlighted levels that we were watching throughout the Asian session on Thursday evening, and suggested how we would get in and out markets according to our intraday breakout strategy if we reached broke the levels that we were keeping an eye on. Now action has matured overnight, and the bitcoin price has carved out fresh set of key levels to watch. With this said, what of levels that we are watching today, and how might we get in and out of the....
The bitcoin price has struggled over the last couple of days, as we have seen a number of sharp breaks of support translate to some downside momentum. However, today, following yesterday's break, action has ranged throughout the majority of the day, and we are now trading just shy of a key level that - if broken - could spark a reversal and finally give us some bullish action in the bitcoin price this evening. That said, if current levels hold, it is likely that overnight we will see a return to the overarching bearish momentum. So, what are the levels that we are keeping an eye on in the....
Earlier this morning we published our twice-daily bitcoin price watch piece. In the piece, we highlighted levels that we were keeping an eye on bitcoin price throughout Tuesday's session, and suggested how we would respond to price reaching these levels as far as entering according to our intraday scalp strategy was concerned. Now, as action has matured throughout the European session and we head into a fresh Asian morning, what are the levels that we are going to be watching in the bitcoin price tonight, and where will we be looking to draw profit if we reach or break these levels? Take a....