BTC price hits $57K five-month high — 5 things to watch in BTC this week
Bitcoin price action beats last week's local high to edge ever closer into final resistance before all-time highs of $64,500. Bitcoin (BTC) is on top form — almost literally — as it heads into a new week less than 15% from all-time highs.A classic cocktail of factors has laid the foundation for a Q4 finale which analysts are now confidently comparing to the bull runs of 2013 and 2017.Decoupling from macro market movements and the U.S. dollar, Bitcoin is once again looking like the gold alternative that investors want — all while altcoins slip away.With “Uptober” still only in its second....
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Here's a look at what we are focusing on in the bitcoin price this morning. So we’ve come to the end of the week, and it’s been an interesting one! We’ve had a couple of classical patterns, some intrarange action, and some nice breakout scalps. All of these things have given us opportunities to get in and out of the markets for a few good take profit hits. We’ve also seen a few stop loss hits, but as things stand, we remain net up on the market. We’ve got one day’s worth of trading left, and we want to try and make the most of it. As we head into today’s session, then, what are we looking....
Tron rose to a one-month high in today’s session, hitting a key resistance point in the process. The surge in price comes despite cryptocurrency markets trading mostly lower on Monday. Another exception to this decline was maker, which remained close to an eight-week high. Tron (TRX) Tron (TRX) surged to a four-week high to start the week, hitting a key resistance point in the process. Following a low of $0.06234 on Monday, TRX/USD climbed to a peak of $0.06492 earlier in the day. This saw prices near a collision with a key resistance point of $0.06500, hitting their strongest....
Here's a look at what we are focusing on in the bitcoin price this evening. Another week complete, and unfortunately, it looks like we are going to close out the session on a bit of a damp squib. Things haven’t moved to the degree we would have liked, and we remain underneath the level I’ve been obsessing over for the past three weeks – 800 flat. The weekend is often good for big level hits, so there’s every chance we will get a run on Saturday or Sunday that takes out the level. If we do, I’m not going to complain, but I would have liked to have locked in some profits on said break before....
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 a look at what we are focusing on in the bitcoin price this morning. The middle of the week is almost upon us, and things haven’t gone great so far. We’re not down on the markets or anything – we’re actually a little bit up on our Monday balance – but things have been incredibly dull. When we get action like this, all we can really do is sit and wait, maybe dabble with an attempt at a fundamental bias for a bit of variety. The thing is, you only really realize it when you pull out of the intraday charts a little, but despite everything that’s going on as part of the underlying....