Price Yesterday BTC broke through the ten-days downward tendency and returned above the Global Bullish trend line. The rise is associated with the thaw in the China course on crypto, as China’s president Xi Jinping spoke in Chinese Academy of Sciences this week endorsed the potential that blockchain technology has to global economies. Despite the 7100 – 7500...
Price The bearish impulse at the beginning of the day continued the three-day series of falls, 100 dollars a day, today medium price is 7100. Price holds on to the Bearish Trend Line and already lost 30% from the 10000 testing at the 2018.05.05. Slowing day by day downward momentum possibly could be the sign of oversold market, the 7000.0 level would be a logical...
Price The price could not hold above the Bullish Trend Line and broke below it on 26.05.2018. May 27 was held in a lateral manner around 7300.0 level. Monday started with another decline to the 7200.0 level, the decline was accompanied with the huge volumes, and it worth noticing that such significant volume did not move the price below the 7000.0 support, hence...
Price As was expected BTCUSD price has reacted on the Bullish Support level and jumped off with high volume. Nonetheless, 7600.0 level stopped the growth, and the price dropped back to the support. For now, bitcoin price is trading on the Bullish Trend Line, a little higher than it was yesterday. As the Trend Line is leaning towards the 7600.0 resistance, the...
Price Bitcoin is falling for the fourth day in a row, breaking major support at 8000.0. Yesterday the price briefly stopped at 7600.0 but did not find sufficient support and continued falling. Global Bullish Trend Line, conducted through the 2017 lows, 2018.02.06 and 2018.04.01, lies between 7000.0 and 7600.0 levels. Breakthrough of this support could change the...
Price Instead of the breakthrough of the Bullish Trend Line yesterday we got a rebound of this angle line and one more painful dive below the 8000.0 level. The fall stopped, and price started to pick-up at the 7800.0 level, not reaching 7600.0 (coinciding with 61.8 Fibo level support). As was stated yesterday, we could count on the turnaround only if we will see...
Price The Friday started with another one dip of the BTCUSD and renewal of the near-term minimums. The fall has started yesterday and brought the price below the 8000.0 level, this zone showed high level of support and brought the price back, above 8100.0 level. Comeback to the 8500.0 level will be needed to restore the bullish view of bitcoin. In case of a...
Price After a regular reaction to the next stage of advertisement restrictions, now from the second largest search engine Bing, bitcoin crashed to the 8100.0 level yesterday. For now, BTCUSD went into a gradually rising channel in the 8100.0 – 8500.0 zone, such pattern suggest that there are traders willing to buy at this price which is a positive sign. Support...
Price BTCUSD had a dip again, this time the pair went to the Bullish Trend Line and found support only there, around 8200.0 level. The dip appears to be related to reports that Microsoft’s search engine, Bing, has followed in the footsteps of tech giants Facebook, Google, and Twitter by banning crypto-related advertising. Still, as the price holds near the 8500.0...
Price As expected Consensus (New-York based blockchain conference, organized by CoinDesk company) gives some relief to the Bitcoin price. BTCUSD has returned above 8500.0 level and even broke the Bearish Trend Line, which could be a sign of a rebound formation. The conference will be held for two more days, so it is probable that we will see some more upward...
Price Bitcoin spent last days fluctuating around 8500.0 level. 8500.0 level lies close to the Bullish Trend Line and is considered an important support for the April – May bullish pattern. As long as the price holds above the Bullish Trend Line, the overall bias still stays bullish. Breakthrough of the Bearish Trend Line and 100-days EMA afterward would be...
Price Bitcoin fell during last 20 hours to the 8650.0 level. The fell was produced by the three consecutive sell-offs every seven hours since yesterday afternoon. The fall has stopped at the 8650.0 price, major volumes lie at the 8750.0 rate which shows that there are buyers ready to buy these lows. 8650.0 level is the last borderline, the lowest price, of the...
Price Today BTCUSD stays on the yesterday levels, holding above the 9250.0 level. Higher than yesterday peak of volumes talks in favor of further upward movement. Nonetheless, tight trading boundaries of the day shows that 9500.0 resistance will need a much higher volume to be penetrated. From the below, 9250.0 level should stay a support if we want to see soon...
Price Even though the median daily price is higher than yesterday, BTCUSD did not manage to break above the 9250.0 level yet. A breakthrough above the 9250.0 level will lead the pair to its main at this point resistance 10000.0. Bullish Trend Line and 8800.0 – 9000.0 zone should act as a support. If the buying pressure is not enough to break above 9250.0 level,...