Bitcoin (BTC) Shows Strength As Price Breaks $21,300; Here Are Levels To Watch
BTC’s price needs to rally high as the price continues to stall in its price movement despite the market looking green across boards. BTC’s price continues to trend, creating a more bullish bias as the price aim for $22,500, where the price could face resistance. BTC’s price remains indecisive on the daily timeframes as the price trades below the 50 Exponential Moving Average (EMA). The price of Bitcoin has surpassed the expectations of many holding out for the price to continue in its downtrend as many traders looked trapped with no sign of Bitcoin (BTC) going lower....
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Earlier this morning we published our twice-daily bitcoin price watch piece highlighting the action we had seen in bitcoin over the weekend, and suggesting a few of the key levels that we would be looking at as we headed into Monday's European session. Now action has matured throughout the day, we have seen quite a lot of volatility, and so a fresh set of key levels have come to the fore. With this said, what are the levels that we are now watching, and how will we be looking to enter into any volatility in the bitcoin price overnight? Take a quick look at the chart. As the chart shows,....
Action has been a bit choppy in the bitcoin price over the last few days, but it hasn't stopped us drawing a profit from the market. Here's what we are looking at in today's European markets and beyond. Yesterday afternoon, our bitcoin price watch article highlighted a bunch of key levels, and in the article, we were able to define a classical pattern that suggested – from a technical perspective, at least – we were set for a continuation of the downside break we saw a little earlier in the day. A look at the action that succeeded our analysis shows a mixed response to our predictions. We....
Here's a look at what we are focusing on in the bitcoin price this evening. Action today has been pretty flat, and we’ve not had too much opportunity to get in and out of the markets according to the levels we outlined this morning. Price ranged sideways for the majority of the European session, and while we got the odd break, it didn’t last, and price returned to close back within the range before the candle closed out, so we didn’t get in on the break. It can be frustrating sometimes when we don’t get in on the breaks, especially when we see volume, but there’s a silver lining. When....
So last night we hit 300. Its been a few months since we've seen these levels in the bitcoin price, and reaching 300 shows that - despite numerous suggestions to the contrary - there are plenty of bulls out there ready to buy into any bitcoin price strength. Now action has matured throughout the Asian session, and as we head into a fresh European session this morning, what are the levels we are watching in the bitcoin price, and where are we looking next? More importantly, will the upside momentum continue today, or are we heading into a consolidation and some more corrective action? Take....
The European session is drawing to a close, and it’s heading into lunch time in the US. As usual, this means it’s time for the second of our twice daily bitcoin price watch analysis pieces, so here goes. First, we will have a quick look at what action threw out today, and then we can interpret this action and use it to try and figure out how we can approach this evening’s trading. So, to kick things off, take a quick look at the chart below. It represents action seen during the last 24 or so hours. As the chart shows, volume this morning was pretty low, and price action has remained well....