27-04-2017
08:47 pm
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Tag: bitcoin price

Bitcoin Price Technical Analysis for 04/27/2017 – Resistance at $1400 to Hold? No Comments

Bitcoin Price Key Highlights Bitcoin price is now testing the $1400 mark at the top of the ascending channel as indicated in the previous article. Price could head back to the short-term channel support at $1375 for a quick pullback to draw more buyers in before the uptrend resumes. A bounce off this near-term support could lead to another test of resistance or even a break higher for a...


ETFs

Positive Bitcoin Price Trend Expected as SEC Reviews Bitcoin ETF No Comments

Bitcoin price is again exhibiting an upward movement, thanks to the latest announcement made by the SEC regarding Bitcoin Exchange Traded Funds (ETF). The regulatory body had earlier last month rejected the listing of Bitcoin ETFs, almost putting an end to the dream of Winklevoss Twins. A recent regulatory filing indicates that the SEC is now planning to review its earlier decision. According t...


Bitcoin Price Technical Analysis for 04/26/2017 – Steeper Short-Term Climb No Comments

Bitcoin Price Key Highlights Bitcoin price is moving in an ascending channel on its 4-hour chart but has a steeper channel on its 1-hour time frame. Price is bouncing off the channel bottom and might be due for a climb to the resistance at the $1400 handle. Technical indicators are giving mixed signals at the moment so it's unclear whether bulls can stay in control or not. Bitcoin pr...


Bitcoin Price Watch; Here Are The Levels To Watch For Tonight No Comments

So that is Tuesday out of the way from a European perspective, and the bitcoin price continues to be good to us. We're going to stick with our long term bullish bias, meaning we'll be a little more aggressive in our long term trades than we will be in our short term positions, and see where things go. Normally we take a quick look at what happened during the day in this section of our analysis,...


Bitcoin Price Watch; Here’s What’s Next… No Comments

And we're off on another day in our bitcoin price trading adventures, and things are really starting to heat up. We started out in and around the 1150 level just a couple of weeks ago, and things we're really on the fence as far as a bias was concerned. Price could have dropped below 1100 and signaled a longer term bearish bias. Alternatively, it could have run and broke the 1200 mark, and got us ...


Bitcoin Price Technical Analysis for 04/25/2017 – Potential Countertrend Setup No Comments

Bitcoin Price Key Highlights Bitcoin price is still trading inside its ascending channel formation and is testing the $1400 resistance as predicted earlier. Price could be due for a quick selloff from here as bulls book profits off this strong ceiling. If so, bitcoin price could make a pullback that might draw more buyers in and allow the climb to resume. Bitcoin price is on an uptre...


Bitcoin Price Watch; Here Are Tonight’s Breakout Levels No Comments

We're now closing in on the end of the session out of Europe, and thing have settled down a little bit in the bitcoin price. Over the weekend, and throughout the early session, we saw a bit of up and down action as what looked like market rebalancing took place. We managed to jump in and out of the markets a couple of times, and this has led to a few quick profits, but nothing really in the way of...


Bitcoin Price Watch; Volatility Ahead? No Comments

And we're off on another week's worth of trading in the bitcoin price. Things have been pretty volatile over the last ten days or so, and we've seen a number of major moves in bitcoin that say a lot about what's happening in the space from a fundamental perspective. After the overarching negative sentiment that seemed to hit the markets in the wake of the ongoing hard fork discussion, there was a ...


Bitcoin Price Technical Analysis for 04/24/2017 – Next Target at $1400? No Comments

Bitcoin Price Key Highlights Bitcoin price is testing record highs around the $1350 area as predicted in the earlier article. Price could be in for more gains from here as it has its sights set on the top of an ascending channel forming on the daily time frame. The $1400 handle could serve as near-term resistance as it lines up with the channel top and technical indicators are suggestin...


Bitcoin Price Watch; Closing Out The Week On A High No Comments

Right then. Here we go on our final analysis of the week, and it's going to be a pretty interesting one. The bitcoin price has given us lots to discuss this week, having initially started out relatively flat but – as the week matured – boosting to break the 1300 level that we’ve had in our sights for a while. This breaking validated a longer term bullish bias, and we noted in this morning's ...


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