Bitcoin is testing 10000 for the first time right after the Chinese people celebrated the arrival of the year of dog. 10000 is a very strong line, which will drag bitcoin for some time.
This could well be another bull trap as we don't see significant volume change accompanying the increase in price. Beware!
After yesterday's touch down at 8000, bitcoin had a strong rebound directly to 9000. We would expect this little bull period to extend for some time and reach 9600-9800. Next resistance level is at 10000.
Early on, ETH's rally was interrupted by BTC's overall dip from December 2017. Yesterday ETH officially break the correlation as BTC stopped going up but ETH is not.
ETH is expected to keep going upwards for some time now. Consider long.
Bitcoin is starting to go bullish again. Yesterday BTC 4.03% successfully break the symmetric triangle and has maintained above it.
The next barricade to breakthrough is the trendline at 11600 and 0.618 Fibonacci retracement level at 12700. It's very likely to break these lines. We are just not sure how long it will take. Later next week is an important time. Let's see
Earlier today, BTC broke the standoff for and headed north for the short-term. Will this be an early indicator of a reversal? My guess, yes in the medium term.
Looking at the recent history, Bitcoin is facing strong support at ~10000 level and strong resistance at ~12700. We will expect BTC to travel in between this interval for the next week. A violation at...
Bitcoin experienced a little drop some hours ago due to the incident at Coincheck, who later confirmed a loss larger than Mt Gox. However, the price didn't suffer much due to a strong support at 50% Fibonachi retracement level (10750) and the 10000 psychological barrier. Several touches in the past few weeks have proven many buyers are ready whenever the price...
Bitcoin is oscillating lately. The 5-day moving average just crossed the 100-day moving average, which created support to some extent. Don't get too worked up by the false impression that bitcoin will not stay too long below the 100-day ma, as we are still in a bearish market, due to powerful bears (by the sudden volume increase in the last major drop) and a...
Despite the upward candles in the past hour, both 5d and 10d mo are still downwards and the price is following a clear downward wedge pattern. Brace yourselves and expect to buy in when it's below ~9400. Bitcoin will expect great pressure at 8000.