For a whole week, the price behaved calmly as expected. In the previous analysis, we wrote that recently after a directed movement up or down, the market fades in place. This time nothing new happened. Due to the lack of volumes, buyers stopped the growth which began on 6 February and the price for the week traded in a narrow …
The standard model of price movement continues to operate on the market. After each active movement, the market stops for several days and is traded in consolidation. That’s what happened this time. After a one-day growth from 8 February, the price stopped and traded within a USD 50 range. Buyers stopped their movement in front of the price zone of …
Jeffrey Gundlach, a big investment banker some call The Bond King has said that Bitcoin may rise 25% in the near future. He made these comments during a recent interview with CNBC’s business TV. The comments are interesting because Gundlach has been a vocal critic of cryptocurrencies and even called them “the poster child for social mood and market mood“. While …
Bitcoin markets are under a bearish market sentiment with prices undergoing strong selling pressure. Today’s trading session had traders experience major breaches in Bitcoin’s price, with prices continuing to be following a downward spiral. The day’s signals Bitcoin markets continue experiencing breach after breach with no sign of support being present. BTC/USD levels now reach USD 7,300 price levels only …
The day’s trading session was followed by notable volatility with bitcoin price falling to a low of 7,950 levels. However, the breach below USD 8,000 did not last long as prices recovered briefly. In the more recent hours, markets keep trading around USD 8,200 levels following a recovery. The Day’s Signals A major selloff caused prices to go from USD …
Bitcoin markets appear to have a hard time finding sustainable support above USD 8,500 levels. Even after the bullish breakout experienced only a couple of days ago, markets are again experiencing a dip, this time reaching low levels of USD 8,100. The day’s signals Large sell0ffs crashed Bitcoin prices down from USD 8,500 levels where BTC/USD was at in the …
Bitcoin prices remain above USD 8,000 but volatility comes to be a major force in today’s trading session. Prices dipped to USD 8,300 levels at one point with the markets taking consideration for several hours. Ultimately, there was a sizeable upward spike that moved prices to a recovery but the sustainability of such levels comes into question. The day’s signals …
Trading volumes might be up for bitcoin markets, but support wasn’t there in today’s trading session. Prices kept falling, with USD 9,500 levels also being breached in the process. The Day’s Signals Selling pressure has been the day’s biggest feat in bitcoin markets with large selloffs making the decisive moves through the day. Bitcoin markets are now under a great …
Bitcoin markets remained under pressure through the day. While trading volumes continue being on the upside, this time traders aren’t keeping up any positivity. Prices kept going down from USD 9,400 levels and even briefly dipped to USD 9,000 levels through the course of the trading session. The day’s signals Bitcoin traders embraced the bearish market sentiment that took on …
Today’s trading session didn’t prove to hold a positive outlook for traders in Bitcoin markets. While markets are continuing to experience above-average trading volumes, a bearish breakout was the deciding factor in the day’s price movements. It appears as though the sentiment that had Bitcoin traders hopeful of USD 10,000 levels is now being squashed down. The day’s signals Bitcoin prices …
