Hello, dear subscribers! In the last review we considered the Flat in the range $9,200 - $9,600 as a possible pattern of price movements in the coming days. This is what happened. At the moment, the price has fixed below $9,200, which indicates the beginning of a bearish pattern. The first goal of the formed downtrend is $8,600. If the bears succeed in...
Hello, dear subscribers! In the last market review we considered the scenario of bitcoin price decline. Since then, the price has made a reversal, the maximum of which was about $9,600. Despite this, it is too early to talk about the beginning of the upward movement. Perhaps ahead of us is the Flat with the borders of $9,200-$9,600, which are the local...
Hello, dear subscribers! Yesterday the price of bitcoin dropped below $9,350, which indicates that the downtrend has begun. MACD and RSI indicators confirm that the price has fallen. On the daily chart of the MACD we can see an increasing force of downward movement. The RSI value is below 50 and is looking down. The first target of this movement is...
Three days after the last review of the bitcoin market, our expectations were confirmed, the price of bitcoin entered the wide flat - $9,350-$9,850. Sellers pressed the price to $9,350, buyers responded with a quick buyback of $9,800, but no one was able to push the attack. In the current situation, it is not possible to say exactly about the future direction...
Hi, dear subscribers! After a sudden price drop 3 days ago from levels $10,100-$10,200 to $9,280, buyers did not let sellers lower the price. Now the price is in correction movement at $9,700. We analyzed the rapid drop in the previous review: We can talk about the formation of downward movement when the price is below $9,300. Apparently, we enter a wide flat...
Hello, our dear subscribers! Bitcoin price for the last 24 hours has risen from $9,500 to $10,380, which is a continuation of the growth from $8,700. In the previous reviews we marked the resistance zones on the chart: 1st - $9,800-$10,000, 2nd - $10,400-$10,600. The bulls broke through the 1st zone and bounced back from the 2nd one and stopped at the level of...
In the past days since the last review, where we have been looking at the bitcoin market on the daily chart, neither buyers nor sellers have decided on their plans. The price went down from the uptrend channel, which had been in place since March 18th, dropped to $8,620, but the bears could not continue the attack. If we take a close look at the 4-hour chart,...
Last days we have seen the Bitcoin price drop after rebounding from the resistance zone - $9,900-$10,200. Now the price is at the lower border of the uptrend channel, which has been formed since March 13. Its breakdown and closing the day below $8,800 will open the way to $8,000 and $6,800 for bears. The current price is $9,120. MACD indicator shows strengthening...
In the last review we considered the potential of an uptrend formed on the 4-hour chart. The support area was marked at $9,300. The price dropped to this level, after which the bulls continued to attack and Bitcoin touched the price $9,950. The current price of Bitcoin is $9,680. Two previous bull attacks were covered by the area of $9,800-$10,000. But as the...
On the 4-hour chart, we see an uptrend that started yesterday with $9,000. At the moment there are no reversal signals, we touched the resistance zone from above - $9,800 - $10,100. The local resistance zone below is the price - $9,300. Our yesterday's review of the daily bitcoin market indicated the possibility of forming an upward trend, with a consolidation at...
The last few days we've seen a bitcoin sale before halving. This illustrates a well-known trading phrase: "Buy the rumors, sell the facts". In previous reviews we have discussed MACD divergence, which ended in a crossover - $10050. About it: At the moment we are in the $8,600-$9,250 zone. The resistance zone at the top is $10,000. The support zones are $8,000...
Bitcoin has been rising in the eve of halving for the last few days, with a maximum of $9,450. Three consecutive price peaks were formed on the chart, combined with three descending peaks on the MACD. The RSI is in the overbought zone, which indicates that the price is in the process of being corrected. In the coming days we should see the price correction in...
Good news for the bulls! On the eve of halving, the price of Bitcoin shows a strong rise. Today the price has broken through the resistance zone $7,800-$8,000, now it is about $8,300. The resistance zone will be considered overcome if the price does not fall below 8000 at the close of the day.The next resistance zone is at $8,600-$8,800. In our previous review we...
There are about two weeks before halving bitcoin and the market is in a bullish mood. Pay attention to the daily chart. The price came close to the resistance zone of $7800-$8000, after overcoming which the targets will be 8600-8800. RSI 1D is still outside the overbought zone, MACD is looking up strongly. We observe the formation of three consecutive descending...
In our previous review of the Bitcoin daily chart from April 17, we considered the scenario of continuing growth with a target of $7,800 - $8,000. The maximum that the price showed today is $7,738. This is close to the growth target price. Currently, the price is $7,520, and the market is still bullish. The first conclusions about the continuation or the end...
It's been 24 hours since the last idea was published. The price has fallen below the support area of 6950$ and a downtrend has been formed on the chart. Indicators RSI and MACD confirm it. Yesterday's analysis of the bitcoin market The value of RSI is 41, which is far from the oversold zone, and it is steadily declining, which says the prevalence of sales in...
Today's situation in the bitcoin market tells us that the bullish move has weakened and the price has entered the wide flat - $6,900 - $7,200 between the nearest support and resistance zones. Only after exiting it up or down we can talk about the continuation of the uptrend, or about the formation of downtrend. In the above range, we do not recommend forming a...
Yesterday was marked by the victory of bulls over bears. On the daily chart a bullish candle with a body was formed, overlapping the previous descending candle. A short shadow from above tells us about the power of bulls. To confirm the buy signal it is necessary that today's candlestick is green and its maximum is higher than the previous day. Let us pay...