Past Performance for Bitcoin Based on the performance in the daily chart, bitcoin prices remain volatile and choppy. Even though the primary trend remains northwards, there are hints of weakness, looking at the candlestick arrangement. The only positive is that sellers have been unable to break below the $29.8k and $30k primary support. The $31.3k is a...
Past Performance of Bitcoin Bitcoin prices are still within a narrow trade range at spot rates. The rejection of lower prices on June 28 is bullish for prices, reinforcing bulls' optimism. Still, there must be solid, wide-ranging gains in the coming few days for a clear trend definition. In the short term, the Bitcoin uptrend is valid as long as prices are above...
Good Morning my fellow Bitcoinistas! I am still pondering how this 3rd corrective pattern will end, but end it will. And when it does end WATCH OUT MOON ! For those of you new to my work I am still 100% long Bitcoin and have always held a small long position since 2013. Yes, I have traded a little BTC here and there over the years and taken some profit but my...
Hello my fellow Bitcoinistas! The week was a heck of a ride was it not? I know we still have a couple hours to go before this week's candle official closes but I'm going to go ahead and call this a green week. lol. For those of you following my work you already know this chart pretty good. For those that don't you will notice that after the previous breakout...
Past Performance of Bitcoin At spot rates, there is nothing to write home about BTC. Prices remain within a consolidation, moving below $31.3k and above the primary support zone at between $29.8k and $30k. Even though buyers are optimistic, the rejection of higher highs can be a concern for bulls. Still, with prices consolidating horizontally, the breakout...
Past Performance of Bitcoin Bitcoin continues to trade under a tight trade range and above clear support and resistance levels, as evident in the daily chart. Even though there is a tinge of optimism with traders expecting the coin's fortunes to turn around, the reaction at FWB:25K and $27.3k could shape the near-term formation of the coin. The coin's...
Past Performance of Bitcoin Bitcoin prices are lower, retracing from June 7 highs, and are below $27k. At this level, bulls still have a chance as prices trend above $25.8k and volatility remains. However, for trend confirmation, there must be a close above $28.3k, the immediate resistance, and the buy trigger line. The only formation that will cancel this...
Past Performance of Bitcoin It is a new dispensation for Bitcoin. After an impressive performance last week, lifting the coin 22 percent, and above critical resistance levels, the path of least resistance looks up. The coin is above $18.5k, as visible in the daily chart, and $20.5k. At this pace, traders can look to double down on dips above $20.5k, aiming for...
Past Performance of Bitcoin Bitcoin prices are back trending inside the ascending channel set in motion in mid-September. BTC bulls appear strong following the recovery from new October 2022 lows at around $18.2k. Since yesterday's bar had high trading volumes versus the recent performance and closed in green, yesterday's trend continues today. Accordingly,...
Past Performance of Bitcoin Bitcoin remains within a bearish formation and has broken out from the bear flag printed in late September. Even though the past day's trade range was narrow and prices steadied, sellers are still dominant. At spot rates, traders should closely watch how prices react at the $18.5k to $19k support zone, aware that any welcomed surge...
Past Performance of Bitcoin Bitcoin price action ticks in favor of sellers. Amid highly fragile and uncertain market conditions, BTC buyers cannot reverse the prevailing bear trend. Subsequently, aggressive traders can find entries to ride the current trend, unloading on every attempt higher, with targets at immediate multi-week support lines spread between...
Past Performance of Bitcoin A glance at the BTCUSDT daily chart reveals weakness. Even though buyers have been resisting liquidation and soaking in the strong waves of selling pressure, the lack of direction in the short-term places bears in control. As it is, traders may unload and trade in line with the dominant trend. However, the pace of the sell-off depends...
Past Performance of Bitcoin Bitcoin prices are volatile, judging from the performance in the past three days. After gains of September 27, which were quickly reversed by the day's close, the rebound on September 28 has lifted the coin back towards the $19.7k and $20k resistance line. Technically, BTC is in range mode, printing higher highs from the lower BB—a net...
Past Performance of Bitcoin Bitcoin prices are steady, trading within a tight trade range at spot rates. Prices are notably pulling back from recent highs of $25.23k when writing, an indicator of bears rejecting higher prices, reading from the arrangement of August 13 through to early August 15. The result today is a long upper wick in the daily chart suggesting...
Past Performance of Bitcoin The Bitcoin price crashed on June 12, forcing prices lower in a bear trend continuation pattern as visible in the daily chart. At spot rates, BTC is down roughly 50 percent down from April 2022 highs, and sellers dominate. Currently, BTC is down five percent versus the USDT, down 17 percent in the past trading week. #Bitcoin...
Past Performance of Bitcoin Bitcoin is resilient, rebuffing determined bears and steady above this week's lows as per the formation in the daily chart. The coin is relatively stable on the previous trading day, adding three percent against the USDT but still in negative territory week-to-date. BTC is also trading inside the April 26 bear candlestick. However, the...
Past Performance of Bitcoin After sharp upside moves in the European and early New York sessions on April 21, Bitcoin prices plunged to close the day as an inverted hammer. The long upper wick points to strong selling pressure, unwinding gains posted in the days as prices reacted from the previous support--and now resistance--multi-week trend line. Based on the...
Hello my fellow Bitcoinistas! Nothing special today. Just sitting back watching my hodl stack grow! According to Metcalf's Law Bitcoin is WAY UNDERVALUED according to the size of the Bitcoin Network and the price is currently trying to catch up IMO. Some are talking $100K to $300K minimum by the end of the year and that is totally possible IMO. Supply is...