Past Performance of Bitcoin Bitcoin is down 13 percent from August 2022 highs, under pressure when writing. Even though there is a double bar formation, signaling rejection of lower lows, the path of least resistance, considering the formation in the daily chart, has been defined and is currently southwards. The August 21 bear bar also had comparatively low...
Past Performance of Bitcoin After encouraging gains from mid-June and July, Bitcoin prices are edging lower when writing. BTC is down seven percent on the last trading day and 13 percent from August 2022 highs. Per the arrangement in the daily chart, sellers have the upper hand following losses on August 17, which saw BTC slip below a primary support trend line...
Past Performance of Bitcoin Bitcoin prices are down four percent on the last trading day, reading from the performance in the daily chart. A notable observation is that BTC is rapidly cooling down, dropping below the middle BB. Although accompanying trading volumes are comparatively low, BTC bulls have failed to soak bear pressure, questioning the strength of the...
Past Performance of Bitcoin Bitcoin prices are still confined within tight ranges when writing. In the past 14 hours, the coin is relatively stable, adding six percent week-to-date. Based on the BTCUSDT candlestick arrangement, the immediate resistance level is around $25.3k, marking last week's highs. Despite the recent retracement, BTC prices are within a...
Past Performance of Bitcoin Bitcoin traders may be bullish, but the coin is under pressure at spot rates, sliding three percent in the last trading day and at break evening week-to-date. Thus far, prices are printing lower lows, with a bear bar of August 15 being confirmed earlier today. When writing, prices are within a tight range, retesting the lower trend...
Past Performance of Bitcoin Bitcoin is solid, and prices are around H2 2022 highs, a net positive for traders. However, despite solid gains mid-this week, there has been no convincing follow-through to signal strength and possibly trend continuation. Instead, based on the development in the daily chart, there are hints of price rejection, resulting in the August...
Past Performance of Bitcoin Bitcoin prices exploded on August 10, surging seven percent in the past trading day, bouncing from around a critical support level as per the formation in the daily chart. Currently, BTC is trading at new H2 2022 highs and may increase, building on yesterday's gains and aligning with the primary trend established at the tail end of...
Past Performance of Bitcoin Bitcoin remains stuck in tight trade ranges when writing on August 10. From the daily chart, BTC prices pulled back from this week's high and are down four percent in the past 24 hours. Even though buyers have the upper hand and prices are trending inside conspicuous, high-volume bull bars, a clear close above July 2022 highs may see...
Past Performance for Bitcoin Bitcoin prices could add to their gains, as per the formation in the daily chart. The coin is steady on the last trading day, adding four percent week-to-date. After a brief consolidation in the second half of last week, spilling over the weekend, BTC rose on August 8. With prices strengthening, buyers will likely push the coin above...
Past Performance of Bitcoin Bitcoin is relatively firm when writing. After encouraging gains on August 5 and rejecting lower lows of August 4, there have been no confirmations of the uptrend. Therefore, while buyers are optimistic, price action doesn't indicate strength. The current uptrend will be valid if there is a sharp close back above $24k, ideally with...
Past Performance of Bitcoin Bitcoin prices are wavy when writing, dropping four percent in the last trading week. As from the arrangement in the daily chart, the coin is steady above the $22.7k primary support and July 28 lows, recovering after losses of August 4. #Bitcoin Price Analysis Bears have the upper hand from the top down analysis, and the coin may...
Past Performance of Bitcoin Bitcoin prices are within a tight trade range when writing, stabilizing on the last trading day but trading above the $23k level. Technically, the BTC uptrend remains firm, but buyers must close above last week's highs for a clear trend definition. Notably, a high volume break above $24.5k and above the current rising channel may spur...
Past Performance of Bitcoin Bitcoin prices are within a tight trade range above $23k when writing. However, despite confidence amongst traders, buyers have failed to conclusively close above last week's highs. Given the BTCUSDT candlestick formation, prices may retrace in the short term in sync with the formation in the NY Session of July 30. The immediate...
Past Performance of Bitcoin The confirmation of July 27 gains yesterday hints that Bitcoin buyers are determined and the short to medium-term macro conditions support bulls. Currently, BTC is up four percent against the USDT and is likely to blast above $24.3k in the short term as prices bottom up after steep losses in H1 2022. Bitcoin Technical Analysis...
Past Performance of Bitcoin Bitcoin prices exceeded trader expectations on July 27 when the coin soared 10 percent versus the USDT, reversing from lows of around $20.8k. From the daily chart, the coin is trading above $23k and is back into the rising channel above the critical $22k level. If bulls of July 27 flow back, Bitcoin would have completed the retest of...
Past Performance of Bitcoin Bitcoin is relatively weak at spot rates, dumping 13 percent from recent peaks as sellers flow back. As per the arrangement in the daily chart, the recent break above $23k is turning out to be a bull trap considering the rapid sell-off of July 26. If sellers press on today, BTC may drop to $18.8k in a retest, dashing bulls' hopes. ...
Past Performance of Bitcoin Bitcoin prices are back in red, dropping three percent on the last trading day as per the performance in the daily chart. Overall, prices are trending below the $22k and $23k critical resistance levels. Notably, the failure of bulls to soak in the strong liquidation pressure means sellers have the upper hand in the short term. As per...
Past Performance of Bitcoin After comforting gains on July 24, Bitcoin prices fell on early July 25 below $22k but remained within the July 18 bull bar in a bullish breakout formation above the bear flag. BTC is currently down four percent versus the USDT on the last trading day, slightly below the $22k primary support. Considering the formation of BTC prices and...