‘Final week of the bear rally’ — 5 things to know in Bitcoin this week
Bitcoin’s highest weekly close since June fails to convince as volatility quickly enters with the start of the new week. Bitcoin (BTC) enters a new week with a bang after sealing its highest weekly close since mid-June — can the good times continue?After a volatile weekend, BTC/USD managed to restrict losses into the later portion of the weekend to produce a solid green candle on weekly timeframes.In what could shape up to be the last “quiet” week of the summer, bulls have time on their hands in the absence of major macro market drivers involving the United States Federal....
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July closed with Bitcoin up almost 17%, but now, analysts are turning to how long the bullish trend can last. Bitcoin (BTC) starts a new week and a new month on a cautiously positive footing after protecting crucial levels.After an intense July in which macro factors provided significant volatility, BTC price action managed to provide both a weekly and monthly candle favoring the bulls.The road to some form of recovery continues, and at some points in recent weeks, it seemed like Bitcoin would suffer even harder on the back of June’s 40% losses.Now, however, there is already a sense of....
Here's what we are focusing on in the bitcoin price the morning out of Europe, intraday. Well, we’re here again – the final day’s trading in a what has been a pretty volatile week in the bitcoin price. Action across the last few days has given us plenty to discuss, and some decent momentum has given us plenty to pick up profits from. Whether this will continue for today’s session remains to be seen – we know that overnight action certainly implies some volatility (and with it, an upside bias), but of course, this means little in this space. Things could quickly reverse on an alteration of....
Here's a look at what we are focusing on in the bitcoin price this evening. So the weekend has pretty much arrived, but we’ve still got the close of the US session ahead of us, and an evening’s worth of trading to see if we can close out the week on top of the market. It’s been a pretty rough week, and the markets have been pretty volatile. Normally, this volatility is welcome – it gives us the chance to get in and out on breakout positions. This week, however, it’s been choppy, unsustained volatility. This meant we got chopped out of our trades on a number of occasions – price broke our....
Here's what's on for our final session in the bitcoin price watch analysis strategy this week. So we are going to make things as simple as possible for our final price trading session of the week, and narrow our range right in to something like a fifteen dollar split. This gives us the chance to take advantage of any tight movement as we head into the weekend. Why are we doing this? Well, those reading will likely be aware of the action seen across the last few days, and the impact this has had on what we are now looking at as a potential upside price ceiling. However, this said, price has....
Here's a look at what we are focusing on in the bitcoin price this morning. Well, here we go, the first of our final two analyses of the bitcoin price this week. As we have said on a number of occasions, price has been really volatile this week, and as a result, we have had plenty of opportunities to get in and out of the markets according to our intraday strategy. Both our breakout strategy and our intrarange strategy have come into play at various points in time, and with any luck, we will be able to bring both into play one final time this week and end the week on a high. So, with this....