NewsBTC
No Result
View All Result
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Breaking News: Coinbase Confirms DOJ Investigation Following Major Security Incident
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Bitcoin News
No Result
View All Result
Breaking News: Coinbase Confirms DOJ Investigation Following Major Security Incident

Bitcoin Price Collapses; What Now? 2015-08-13

Samuel Rae
Samuel Rae
1 year ago
2 mins read

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

Late yesterday evening, we published our twice-daily bitcoin price watch piece. In the piece, we highlighted the levels that we were watching throughout the Asian session on Wednesday evening, and suggested how we would respond to price reaching these levels as far as getting in according to our intraday bitcoin price watch strategy was concerned. Now action has matured overnight, what are the levels that we are keeping an eye on in the bitcoin price today, and is there further profit to be drawn from either our intraday breakout strategy or our scalping strategy or an intra-range method? Take a quick look at the chart.

bitcoin price

As you see, overnight action marked a return to the volatility we saw over the weekend in the bitcoin price. Overnight, we broke through 265.67, and are now trading mid-range between the aforementioned level (which serves as in term resistance) and in term support at 261.59. These are the two levels that we will be keeping an eye on during today’s session.

We will first look for a break below 261.59 (since this falls in line with the overarching bearish momentum) to validate a medium-term downside target of 255 flat. On this trade, a stop loss somewhere around 263 will help us to maintain a positive risk reward profile, while leaving enough room for us to chop back into the range without being taken out.

Looking the other way, a break back above 265.67 would validate 271.47 (weekly highs) as a longer-term upside target. Bear in mind, 270 flat will likely offer up some level of resistance before we reach our target here, so keep visiting consideration – the more risk averse trader might choose to use the aforementioned 270 as a near-term target before looking longer. A stop loss again around 263 will keep things tight from a risk management perspective on this trade.

Charts courtesy of Trading View

Tweet123Share196ShareSend
Samuel Rae
Samuel Rae

Samuel Rae

Comments 5

  1. rich godman says:
    10 years ago

    So much for the asset of the age huh?

    Reply
  2. DC says:
    10 years ago

    Good Day Samuel,

    Like your analysis & articles… <3

    So what would you think about the price of the BitCoin (going up or down?) if there is a collapse of US Dollars?

    Thanks for Sharing…

    Sincerely,
    david

    Reply
  3. Jñānam Jason Gan says:
    10 years ago

    It is a corrective and consolidation wave, which is to be expected in a normal supply and demand market. As the MACD crossover suggests, a collapse to 255 is expected to resolve the downward curve of the wave and create momentum for the upswing.

    It looks like it is happening more correctly on OKCoin according to our TA expectations. Both Bitstamp and BitFinex are not following the trend, for some unknown reason.

    If the wave does not resolve, then we could be stuck in this (sideways) bear pennant for a long time!

    Reply
    • Daniel says:
      10 years ago

      You sound like one of those tarot readers.

      Reply
  4. Daniel says:
    10 years ago

    Honestly the analysis on any market especially as volatile as bitcoin is akin to reading coffee stains in a cup.

    Reply

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Comments 5

  1. rich godman says:
    10 years ago

    So much for the asset of the age huh?

    Reply
  2. DC says:
    10 years ago

    Good Day Samuel,

    Like your analysis & articles… <3

    So what would you think about the price of the BitCoin (going up or down?) if there is a collapse of US Dollars?

    Thanks for Sharing…

    Sincerely,
    david

    Reply
  3. Jñānam Jason Gan says:
    10 years ago

    It is a corrective and consolidation wave, which is to be expected in a normal supply and demand market. As the MACD crossover suggests, a collapse to 255 is expected to resolve the downward curve of the wave and create momentum for the upswing.

    It looks like it is happening more correctly on OKCoin according to our TA expectations. Both Bitstamp and BitFinex are not following the trend, for some unknown reason.

    If the wave does not resolve, then we could be stuck in this (sideways) bear pennant for a long time!

    Reply
    • Daniel says:
      10 years ago

      You sound like one of those tarot readers.

      Reply
  4. Daniel says:
    10 years ago

    Honestly the analysis on any market especially as volatile as bitcoin is akin to reading coffee stains in a cup.

    Reply

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Related News

Bitcoin

Bitcoin To Repeat Parabolic Phase From 2017 And 2021? Here’s The Target

Bitcoin is currently on the path to holding a strong footing above $109,000 after reclaiming the $108,000 price level in...

Scott Matherson 4 hours ago
Ethereum

Ethereum Breaks Higher With Conviction: No Signs Of A Breakdown Yet

Bankr, in a recent update, pointed out that Ethereum is maintaining its upward momentum, backed by solid volume and a...

Godspower Owie 5 hours ago

$400M Crypto Seizure by Secret Service Highlights Why Cold Storage and Best Wallet Are Essential

The U.S. Secret Service has now seized over $400M in digital assets, all of which are stored in a single...

Aaron Walker 6 hours ago
Load More

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

Related News

Bitcoin price news

Bitcoin’s Liquidity Lifeline Just Got Cut—What You Need To Know

Jake Simmons 1 hour ago
Ethereum Range Tightens – Liquidity Looms At $2,800 And $2,350

Ethereum Range Tightens – Liquidity Looms At $2,800 And $2,350

Sebastian Villafuerte 2 hours ago

FUNToken’s P2E Model Isn’t Just a Game: It’s a Scalable Digital Economy

NewsBTC 2 hours ago

Premium Sponsors

Press Releases

  • XRP versus Shiba Inu: Care criptomonedă are șanse mai mari să creeze milionari?

    XRP versus Shiba Inu: Care criptomonedă are șanse mai...

    16 minutes ago
  • XRP, SOL, LTC holders turn to OPTO Miner to earn $5,777 in...

    3 hours ago
  • More and more XRP and ETH holders are turning to APT Mienr...

    4 hours ago
  • XRP versus Shiba Inu: Care criptomonedă are șanse mai mari să creeze milionari?

    ...

    5 hours ago
  • 本日の暗号資産市場が上昇中、その背景とは?次のラリーに備える仮想通貨おすすめ3選

    ...

    6 hours ago

Newsletter

Be the first to get the latest important crypto news & events to your inbox.

  • This field is for validation purposes and should be left unchanged.

About Us

NewsBTC is a cryptocurrency news service that covers bitcoin news today, technical analysis & forecasts for bitcoin price and other altcoins. Here at NewsBTC, we are dedicated to enlightening everyone about bitcoin and other cryptocurrencies.

We cover BTC news related to bitcoin exchanges, bitcoin mining and price forecasts for various cryptocurrencies.

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Company

  • About Us
  • Advertising
  • Contact Us
  • Privacy Center

Social

© 2025 NewsBTC. All Rights Reserved.

  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play Games
  • Casinos
Advertise

© 2025 NewsBTC. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.