Countdown to the yearly close: 5 things to watch in Bitcoin this week
Things may be calmer than expected as 2021 ends, but the chances for "face-melting" green candles are still there, say analysts. Bitcoin (BTC) starts a new week near $51,000 as the end of 2021 draws near and traders down tools for the holidays.After a $50,000 Christmas, Bitcoin continues to take stock of a year in which it has gone from $29,000 to $69,000 and halfway back again.Expectations were certainly not for such eerie calm to round out December — a blow-off top, the majority argued, should have already taken the market to $100,000 and beyond.Instead, after dipping to $41,800, a slow....
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Here's what we are looking at in the bitcoin price for the weekend ahead. It’s that time of the week again – the Friday close. We’ve had a pretty up and down week this week. The beginning of the week gave us some opportunities to get in according to the rules of our standard breakout strategy, and we drew a couple of nice profits before – mid week – things got a bit choppy. We tried to play a short term intrarange scalp strategy, but didn’t really have that much luck, and over the last forty-eight hours or so things have been pretty quiet. Sideways trading has dominated, and we’ve not....
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 evening So that’s the day over, and it’s time to take our final look at the bitcoin price for this half of the week. Things have been slow so far this week, and the only real moves have come as the US session draws to a close and – shortly after – the Asian session kicks off. This could well happen again tonight, but with any luck we’ll see some volatility ahead of this period so we can get in to a position before session shutdown. Whatever happens, we’ll be ready to go. In this morning’s analysis, we mixed things up a....
Here's a look at what we are focusing on in the bitcoin price this morning. Okay then, the end of the week is here, and it’s time to put forward the penultimate of our twice-daily bitcoin price watch analyses for the week. Things have been pretty on and off this week. We have had periods of strong volatility, during which we have been able to get in and out of the markets according to our strategy rules for a few decent profits, but we have also had some relatively flat periods, whereby price has traded sideways and not really given us much to go at from a trading perspective. Let’s hope....
Here's how we are shifting our range to take advantage of some intrarange action in the bitcoin price today. It’s Wednesday, and we can safely say that action in the bitcoin price, at leas on an intraday basis, has been nothing special so far this week. Things have remained relatively flat on very little fundamental updates, and a solid lack of catalysts has rendered our breakout strategy pretty ineffective. In order to take a profit from the market according to our strategy, we need two things. The first, a break in either direct, and a close above of below the level we slate as the one....