CryptoUpdateCom

CryptoUpdateCom

After more than a month, Bitcoin is still in the same price range as before. We’ve seen a few breakout attempts to the upside, but none of them have been successful. The most recent price action was less than 24 hours ago. Bitcoin fell all the way from 9900, back to 9100. This price action was accompanied by the dump that arose on the stock market. Zooming in on...

CryptoUpdateCom

We have seen a lot of volatility in the past two weeks. This was of course to be expected. In our last analysis we talked about a potential reversal/shakeout pattern, but this one didn’t complete. For now, we can see that there is a lot going on with Bitcoin that we want to discuss in this analysis. First of all, the Bitcoin CME Futures gap. Last week, CME...

CryptoUpdateCom Updated 

This is a brief analysis of Bitcoin. Since our last analysis on April 29, Bitcoin’s price has risen by over 1000 dollar! The highest price Bitcoin reached was yesterday at a price point of 9485. We don’t see the “real” fomo yet, but it seems this is a small start. Something interesting that we did mention on the Bitcoin chart is a small pattern that is now...

CryptoUpdateCom

It has been a great week since we wrote our last analysis! Not only Bitcoin was able to break through a number of important resistances, but the halving fomo also seems to khave started. As we wrote in our last analysis, Bitcoin fought for its Higher Highs (HH) at a price range of 6800. At that moment we did expect Bitcoin to drop slightly at the 6600 or 6200...

CryptoUpdateCom

In the last few weeks Bitcoin was able to form a series of Higher Highs (HH) and Higher Lows (HL). The latest Higher High was at the price of 7469. As discussed in our last analysis, we expected that Bitcoin would form a Higher Low at a price of 6600. After forming that Higher Low, Bitcoin was able to push back up again, but was rejected at the price of 7250. For...

CryptoUpdateCom

Since our last analysis, Bitcoin’s price has already done a lot! We predicted that Bitcoin should fall/drop to the 6600/6700 levels within a time range of 4 to 6 days. Earlier this week Bitcoin already dropped to the 6550 level, but this was not within our predicted time range. We did expect that this was not the Higher Low (HL) we predicted earlier. Today (the...

CryptoUpdateCom Updated 

Last time in our post we discussed the Bitcoin outbreak of 6450. Bitcoin created a higher high at 7472 a few days later. Until today we were ranging between 7150 and 7400. This morning we saw that Bitcoin dropped to 6860. In first place we expected that Bitcoin was in a rising wedge and that Bitcoin broke out this morning. There was hardly any volume to...

CryptoUpdateCom Updated 

In our last post we discussed about that the price of Bitcoin was below the 20 Monthly Moving Average. In the last few days Bitcoin wasn't able to too hold current support of 6343, and did fall to 5800, but quickly spiked back above this level. Because the price of Bitcoin did fall on the weekend, we created a CME futures gap (6045 - 6615). We did call this one...

CryptoUpdateCom Updated 

A short Bitcoin analysis of the bigger time frame. Bitcoin had in the last few weeks, a lot of volatility with a move, all the way down to 3850. At the moment of writing Bitcoin is back above 6k (fighting for the 6700 level) and is up 73,18% from the current low. Something i noticed is that nobody is talking anymore about the upcomming Block Reward Cut. This will...