Price One more testing of the $3500 support level, the level withstood and pushed the price above for now. Still, reduce in the downwards momentum and lateral movement along $3500 level doesn’t mean much, to consider an end of the fall we need to see the price above Bearish Trend Line, crossing of the $4500 level would be confirming the turnaround. In the case of...
Price The fall continues, BTCUSD did not manage to hold on above the $4000 and the price broke the support during the weekend. Despite that the price showed a rebound from $3500 level, as long as we stay below $4000 the pattern is 100% bearish. On the way down we have support level $3500 and psychological level at $3000. Bearish Trend Line and $4000-$4500 zone...
Price Yesterday passed without major fall-downs, in restoration from the $4300 to $4500 level. Today, for now, is undergoing a low volatility and the price seems to be reacting on the $4500 level as a support, though it needs to be confirmed. Bearish Trend Line, the crossing of which should show the end of the sharp-fall pattern, is in two days of the lateral...
Price One more dive renewed lowest point to the 4000 level. The zone below 4300 (78,6% Fibo) level played as a support and pushed the price above. At the moment the price reached above 4500. Nonetheless, to consider any reversal patterns we need to see the price above the closest Bearish Trend Line until then the pattern stays bearish. The main supportive level,...
Price The great bitcoin fall continues. After a month in a lateral consolidation the first cryptocurrency went down, crashing all support levels on its way. At the moment, BTCUSD price on Coinbase pierced the $4500 level, and now is testing $4300, the next alleged stop on the way down could be the psychological level 4000. It is worth noticing, that the growth of...
Price Quiet weekends along the 5500 level and quick dive to the 5200 at the Monday opening. 5200 level shows supportive power again, and, for now, stops the falling, but the turnaround pattern is delayed now. The best scenario for near days is come-back above 5500 and further lateral movement. The longer the price will stay in the 5200-5500 zone, the more the...
Price More than 15% fall brought the bitcoin price below the 2018 lows, for now, the price fall has stopped at the 5300 level, showing some rebound to the 5500 level. For now, the zone 5300-5500 shows a supportive character, if the support zone will be pierced – the next support on the way down is psychological level 5000. Today forecast Trading Bounds: 5300 –...
Price The BTCUSD price fell below 6300 level, which turned into a resistance during Tuesday. Remarkably, that Bitcoin/Tether price holds above 6400 level, makes a significant difference between the most popular stablecoin and real USD value. Locally, BTCUSD follows the weekly downtrend line and already reaching the main 2018 support zone, which showed its...
Price Yesterday went in a lateral movement along 6450. Today morning BTCUSD showed one more testing of the 6400 level and returned back to the 6450. The movement is coming to the peak of the lateral wedge, which was formed in September, so during next days the price could shift its hold-on positions. For now, support – 6400, and resistance located at 6500. ...
Price Two-weeks of growth ended at the 6600 level, changing to the lateral pattern. The lateral movement continues along the 6400 level, which has been tested several times but manages to hold the price. Nothing really changed on the fundamental side throughout weekends, so expectations stay the same – lateral movement in 6400 – 6500 zone. Today forecast...
Price Retreat from the 6600 resistance continues, Bullish Trend Line and 6500 level are broken, which shows the end of the two-weeks uptrend tendency. Leaving the 6500 – 6600 zone adds to it resistance power. To get over this zone BTCUSD will need to collect volumes on lower levels, preferably not lower than 6400. Movement below 6400 will skew the market bias...
Price The roll-back after an upward rally to the 6600 went further down and reached its starting point at 6500, hence 6500 appeared supportive and pushed bitcoin price upwards. Despite the roll-down, fluctuations stay in the weekly uptrend pattern, above the Bullish Trend Line. For today, Bullish Trend Line and 6500 should play a support role for the bulls. From...
Price After the breaking above 6500 price found support and went upwards with rising volume. At the next resistance level (6600) BTCUSD took a rest but did not rollback far only reaching the wedge formation boundary. Now the price gaining momentum and probably will test 6600 level once again. A breakthrough of 6600 will let the price in the main resistive zone of...
Price During the weekends the price confirmed a newly-formed uptrend tendency and managed to get back inside the October lateral wedge, above 6400 level. Given the lack of news, this behavior adds positivity to the price pattern. Nonetheless, a crucial level for the overall pattern is 6800, until we reach it the overview stays bearish. Today bounds: 6500 from...
Price BTCUSD step-by-step restores past positions after a two-steps drop to the 6250 support. By rising above 6400 price leaves oversell zone, still, overall pattern stays bearish according to Bearish Trend Line and lateral wedge formation. To consider reversion of the two-week downward tendency we need to see rise above the 6800 level and 100-days EMA, until...
Price One more dip brought the price to the support level 6250, this time the movement triggered buyers and price was brought back up to 6400 level. Still, the hike only shows that 6250 level still has a lot of supportive power, there is no turnaround pattern seen yet. So, for now, we have a channel 6250 – 6400, which probably will be traded-through in nearest...
Price After a drop-down from the correctional wedge formation BTCUSD went into an inclined channel, gradually lowering, looking for a bottom. The nearest support on the way down is 6250, the beginning of the lower point and main support zone of 2018 (5750 – 6250). Today news background is quiet, so we do not expect any strong moves from the market, the most...
Price The breakthrough happened, strong selling pressure started at the 6500 level and pierced easily all supportive levels until 6300, bringing the price below the lateral wedge formation. Such behavior inclines the assessment of the situation towards the bearish forecast, targeting the support zone 5750 – 6250. Despite the fact, that the price did not reach the...