The trendlines on BTCUSD Daily chart show that the price is being squeezed by the buyers and sellers. A confirmed break from these lines of confluence can indicate a longer trend for Bitcoin. Coupled with earlier analysis of head-and-shoulders pattern, one could assume that BTCUSD will succumb to bearish pressure and go lower. There are … Read more
Today Bitcoin futures started trading at the CME (Chicago Mercantile Exchange). This exchange is considerably larger than CBOE, which started trading Bitcoin futures a week ago. Before the opening of the new futures contracts on the CME Exchange, Bitcoin price dropped below $18,000 but is now recovering some of those losses and currently hovers near … Read more
Earlier today I published a post about Bitcoin passing $17,000 and testing $18,000 in a matter of 24 hours. Now, several hours later the price of Bitcoin has passed $19,000 and still going higher. The current demand for Bitcoin trading and ownership is so great, that it is pushing the prices to new highs. The … Read more