Past Performance of Bitcoin Bitcoin is stable on the last trading day but down seven percent in the previous week. Per the formation in the daily chart, sellers are still in a commanding position. This preview will remain valid if prices are below $20k, a round number. Currently, BTC traders are keeping a close eye on the coin's formation and whether buyers will...
Past Performance of Bitcoin The Bitcoin see-saw and whipsaw continued on September 19. After sharp losses in the Asian session, prices rebounded quickly in the European and New York sessions. The net result was a long lower wick suggesting strong bull participation and rejection of bears. As per the formation in the daily chart, BTC prices are still within a bear...
Past Performance of Bitcoin Bitcoin is still under pressure when writing on September 16. From the daily chart, BTC bears are pressing on, squashing any attempt for higher highs and reasserting the presence of sellers set in motion early this week. Based on the candlestick arrangement on the BTCUSDT chart, traders may seek opportunities to ride the trend,...
Past Performance of Bitcoin Bitcoin prices fell yesterday, dropping from around $22.7k to below $20.7k as prices dumped hard ahead of major upgrades on key networks in the next few days. Technically, BTC is back within last week's trade range, sinking below $20.7k support. As it is, there is a risk of BTC slumping back and reversing losses of September 9 to below...
Past Performance of Bitcoin Bitcoin's performance in the second half of last week was nothing short of impressive. At the start of the week, prices are stable, but the coin is up nine percent in the previous week of trading. Notably, BTC is within a bullish breakout formation surging above two critical resistance levels (now support) at $19.7k and $20.7k. As it...
Past Performance of Bitcoin Bitcoin is up six percent as of writing, impressively rising despite losses of mid this week. While the coin is higher, recovering and building on the encouraging gains of September 7, the path of least resistance is defined. Sellers are still in a commanding position and the coin is trading within a bear breakout formation below...
Past Performance of Bitcoin Bitcoin prices held firm on September 7, rejecting the bears of Tuesday, and bouncing higher by yesterday's close. Technically, BTC remains within a bear breakout formation per the arrangement in the daily chart. Therefore, while there is optimism, traders may look for opportunities to unload on attempts higher, provided prices are...
Past Performance of Bitcoin Bitcoin is volatile after days of sideways movement. Following the losses of September 6, BTC sellers are squarely in control and southwards, squashing the hopes of optimistic traders who had called in a Bitcoin bottom. Presently, the past ten days of consolidation is proving to be a distribution, with the bear bar posted yesterday...
Past Performance of Bitcoin The consolidation continues for Bitcoin prices, judging from the formation in the daily chart. Although there were hints of strength, a development that temporarily propped traders' confidence, the failure of bulls to push for better prices points to rampant sellers. BTC price is tethered close to last week's support. Thus, sellers may...
Past Performance for Bitcoin For the ninth straight trading day, Bitcoin prices are boxed inside a tight $1k range, per the performance in the daily chart. Overly, traders are confident, interpreting the divergence from the lower BB as a positive indicator, a marker of strength. Even so, the failure of buyers to expand, racing above $21k and $23.5k, a critical...
Past Performance of Bitcoin Bitcoin prices are stable when writing, down six percent in the last trading week. Even though prices dropped the previous week and the primary trend established as southwards, the inability of bears to confirm losses swings favorably for buyers. However, this can only show if prices expand above $21k, thrusting prices into the August...
Past Performance of Bitcoin It is a stalemate in the daily chart. Despite sellers being in a commanding position, Bitcoin is swinging around the $20k level. Per the candlestick arrangement in the daily chart, buyers are unyielding and continue to soak in selling pressure, rejecting attempts for lower lows. The immediate reaction lines remain at $20.7k on the...
Past Performance of Bitcoin Bitcoin prices are still in a tight range when writing, tethered around the psychological $20k mark as buyers attempt to soak in the deluge of selling pressure. Currently, BTC is stable and down six percent in the past week of trading despite the rejection of lower prices. As it is, sellers have the upper hand, and the price action is...
Past Performance for Bitcoin Bitcoin prices are in range when writing, boxed within the August 28 bear bar, and in green in the past 24 hours. Even though the primary trend is southwards, the failure of bears to follow through is a welcomed development for optimistic buyers. Nonetheless, provided prices are trading below $20.7k, every high may be an unloading...
Past Performance of Bitcoin Like the rest of the crypto market, Bitcoin is selling off, reading from the candlestick arrangement in the daily chart. The coin is currently down seven percent in the last week of trading but stable in the past 24 hours. Even though prices may be stable, BTC is within a bear breakout formation and building on the losses of August...
Past Performance of Bitcoin BTC prices are stable when writing and down five percent in the last seven trading days. There might be hints of strength, considering how bars are in the daily chart. While positive, sellers are dominant, and the immediate trend remains bearish. If anything, Bitcoin is within a bear breakout formation, and sellers have the upper hand...
Past Performance of Bitcoin After the rout on August 19, Bitcoin prices are stabilizing inside a $1k range with caps at $20.7k and $21.7k. While the bounce from recent lows is a net positive, BTC prices are still within a bear breakout formation. Accordingly, there could be more sell-offs in the days ahead. This will only change unless there is a sharp recovery,...
Past Performance of Bitcoin Bitcoin prices are printing lower lows when writing, dropping two percent on the last trading day and double digits in the past week of trading. Despite encouraging gains on August 21, BTC dropped yesterday, reversing gains and swinging price action back in aligning with the trend defined on August 19. From the arrangement in the daily...