After an amazing run to almost $17,000 Bitcoin price retreats to $13,000 just before Bitcoin Futures open trading this Sunday. Based on the last three days of trading, we can see that there is a clear support level near $13,000. Bitcoin may still go much lower, as this level is only based on the last … Read more
Bitcoin has just passed the $15,000 level and is now confidently approaching $16,000 in what may seem like the steepest rise in the history of the cryptocurrency. Almost no one predicted that Bitcoin could touch the $15,000 level before the end of this year. But here it is, not only has Bitcoin crossed this level … Read more
Few days ago, there was a slight uncertainty facing the traders which reflected in the long-tail pin bar on a daily chart at Bitstamp. However, Bitcoin very comfortably crossed the high of the pin bar and went on to break the $12,000 level and now also the $13,000. The Bitcoin bulls took the market by … Read more
After a phenomenal and very surprising run, the price of Bitcoin in relation to the US dollar is showing signs of retreating into a inevitable correction.
On a daily chart of BTCUSD as shown by price data from Bitstamp, we can clearly see a long-tail Pin bar indicating a trend reversal.
Look everybody, it’s the Bitcoin Rocket of financial justice going to the moon! I’ve been following Bitcoin for a while, reading commentaries and analysis by many financial experts and nobody predicted $10,000 before December!
As suggested in the recently published Bitcoin technical analysis on the 6th and the 13th after some fantastic gains Bitcoin broke the $8000 psychological barrier and moved towards $8355. Looking at the daily chart of BTCUSD we can see that in the past 4 trading sessions Bitcoin has been stuck in a range between $7750 and … Read more
As previously suggested on the 6th the price of Bitcoin fell to a the first major support level and is now beginning to rise again towards the previous high. Will this level be tested again soon? Possibly. The dip in price is due to an issue with Bitcoin miners directing their hashing power to support … Read more
Bitcoin is now reaching new heights, again. Below is a Daily chart of BTCUSD which shows how the currency has advanced from June 2017 when it was near 2700 USD levels. After having reached new resistance at 7440 USD, Bitcoin now sits at 7100 USD, which is still quite an impressive jump within the span of … Read more