Bitcoin price dropped further today to trade around $250 on most times of the day. The price touched values around the $230 support level earlier today could be considered a low of the current bearish trend line. By studying the 2 hour BTCE (BTC/USD) charts from tradingview.com, we can notice that the price was trading … Continue reading Bitcoin Price Technical Analysis 28/1/2015 – Bears In Control
The market pulled the price of bitcoin downwards after rising to over $310 2 days ago which means that a high percentage of traders are taking profit by closing their long positions. The take-profit theme of yesterday’s market halted the bullish wave which started a few days ago. By drawing a trend line that extends … Continue reading Bitcoin Price Technical Analysis for 28/1/2015 – Price Correction Halts Bullish Rally
Both Bitcoin and Litecoin have cashed in on the euphoria incited by the launch of Coinbase new licensed Bitcoin exchange. It was indeed an opportunity for traders to pump the market based on optimistic fundamentals. While Bitcoin rose naturally, Litecoin remained to be its sidekick, tailing its trend. Here is a quick recap of Litecoin … Continue reading Will Litecoin Price Pass $3.00 on Coinbase Euphoria?
The price of Dogecoin declined over the past week (21st-27th of January) from 70 to 61 satoshis at the time of writing of this article. By studying the 1 day Hitbtc DOGE/BTC charts from tradingview.com (look at the below chart), we can clearly see a bullish rally that pushed the price of Doge up to … Continue reading Dogecoin Price Technical Analysis (21st – 27th January)
Bitcoin price increased up to $310 yesterday, yet it declined down to $267 at the time of the writing of this article. As the price is now above the $256 resistance line, we are likely to see it settle above $300 soon. By observing the 1 hour Bitfinex BTC/USD charts from tradingview.com (look at the … Continue reading Bitcoin Price Technical Analysis for 26/1/2015: Settling Above $300 Soon
Bitcoin exchange and wallet Coinbase is experiencing constant growth. After they received $75 million in Investments little less than a week ago, they launched their service and they’ve now opened the first U.S. Based Bitcoin Exchange available in 25 states. The price climbed above $300 and stayed there for several hours today after the news came out, but has since fallen. … Continue reading Bitcoin Price Rockets Past $300 on Coinbase News; $375-380 Bitcoin High Next?
Bitcoin price continued rising, emphasizing the bullish wave that started earlier this week. Yesterday, the price pushed upwards until it touched the $256 resistance line. The price reached a high of around $259 yesterday, before falling to $249 at the time of writing of this article. Basic and technical analyses are in favor of continuation … Continue reading Bitcoin Price Technical Analysis for 25/1/2015
Today’s cryptocurrency price action (Sunday 25th January 2015) is dominated by a surge in the Litecoin price, at one point rocketing up to a high of $2.87 on the BTC-e exchange, before gliding back down to just over $2 at the time of writing. The Bitcoin price is also trading at the higher end of … Continue reading Litecoin Price Surges Over $2, Bitcoin Price Up Too
Bitcoin price resumed its upward movement today as it rose from around $232 to over $247 at the time of the writing of this article. The buying volume of today’s market seems to be pushing the price towards the $256 resistance line. By studying the 4 hour Bitfinex BTC/USD charts from tradingview.com (look at the … Continue reading Bitcoin Price Upward Technical Analysis for 24/1/2015
Bitcoin price is continuing to make higher highs which confirm the bullish momentum of the market throughout the past few days. We have been adding up the bullish signals via our daily analysis articles this week. Bitcoin Price Technical Analysis By observing the 1 day Bitfinex BTC/USD charts from tradingview.com (look at the below chart), … Continue reading Bitcoin Price Technical Analysis for 23/1/2015: Increasing Highs