Shortsighted Sellers Made This A Great Week To Buy Bitcoin
A bitcoin price crash this week provided investors with an attractive moment to enter positions in the bitcoin market.While most people reading this article are likely aware of the tweets that were sent out by Elon Musk on Bitcoin mining, his comments are simply noise, and the resulting price crash and derivative market liquidations provide investors who may have been waiting for an attractive moment to enter positions with a great opportunity.The long-term trends observable in and around the Bitcoin space remain extremely bullish, and the recent three-month consolidation can be thought of....
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Key Highlights. Bitcoin price surged higher this past week and managed to clear an important resistance area. It looks like buyers are in control and they might take prices further higher in the near term. We were looking to buy dips in Bitcoin this past week, and it paid off to a great extent. Sellers struggled to contain prices, and as a result, there was a sharp upside reaction. There was a bearish trend line formed on the 4-hour chart of Bitcoin, which was breached this past week to set the path for a test of 240.00. There was a reaction noted around the mentioned area, and prices were....
Not terribly long ago newsBTC published a report that indicated that Shopify merchants would soon be able to accept Bitcoin. It looks like that has finally happened. The 70,000+ sellers on the Shopify network are now able to use the BitPay integration to accept Bitcoins as opposed to traditional fiat currency. One user on Reddit says, "I've already had three BTC sales from it!" This is certainly a great option for the sellers who enjoy the convenience of Bitcoin and don't want to deal with credit card processors who take hefty fees. What are your thoughts?
Bitcoin Price Key Highlights. Bitcoin price struggled to remain higher, as sellers managed to take the price lower. There is a major support around 270.0 where the price found support once again this past week. Bitcoin price corrected higher this past week, but found sellers around 300.00 which caused a downside reaction. We highlighted this past week that the price struggled to hold ground and showed signs of a downside move. There was a decline noted this past week, which took the price toward the 272.0 support area. The most important point is the fact that the correction phase in the....
Traders’ expectations during the last week were not entirely certain, but quite predictable. The initiative was taken from sellers by buyers and vice-versa. Finally settling on a long-term level of $400-390, highlighted long before the downward trend, the buyers have seized the advantage. This is caused by buyers closing their deals. The Bitcoin price was more or less certain in its upward trend. Fortifying on the medium-term resistance of $409, which was mentioned several times before, the buyers have held this mark, which yet again provoked sellers into closing their positions. At the....
Key Highlights. Dogecoin price continued to struggle to trade higher and it looks like it might decline further in the near term. 100 hourly simple moving average is a major hurdle for buyers for more gains. A break below 62.0 Satoshis could set the price for a move towards the last swing low of 58.9 Satoshis. Dogecoin price failing to trade higher is a worrying sign, and might encourage sellers to take it lower moving ahead. Sellers to take control. We highlighted yesterday that the Dogecoin price is struggling to move higher which increases the chances of it trading lower. There were....