Bitcoin Market Analysis: Key Price Levels And Metrics To Watch
As the Bitcoin market navigates the choppy waters around $26,000, there are several metrics to keep an eye on. After hitting a low of $25,374 yesterday, the bulls have managed to push the price back up, although the market remains in a vulnerable state following last Thursday’s price crash. Currently, the Fear and Greed Index for Bitcoin sits at 37, which is indicative of strong fear permeating the market. Typically, such a low level on this index suggests that market participants are apprehensive about the near-term future, often leading to a self-fulfilling prophecy of sorts where....
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Yesterday afternoon we saw the bitcoin price breakout of its intraday range (the parameters of which we highlighted in the mornings bitcoin price watch piece), and we published our analysis shortly before the markets closed in Europe offering up the levels we were keeping an eye on in the bitcoin price overnight and what the breaking of these levels would mean as far as our intraday positions were concerned. Now action has matured, we have a few new levels to watch. What are these levels, and how might we enter a position in the BTCUSD today? Take a quick look at the chart. As you can see,....
Here are the levels we are looking to trade in today's bitcoin price watch, early morning out of Europe. In yesterday’s price analysis, we discussed the levels that we would be focusing on for the evening session, noting that the range we were looking at was not all that different from the one we outlined in the earlier analysis. Volume was pretty weak, and while this can sometimes translate to sharp movements, we didn’t see any sustained momentum throughout the day. This lack of sustained momentum meant we weren’t able to get into any profitable positions, and finished the day pretty much....
Earlier this morning we published our twice-daily bitcoin price watch analysis piece. We highlighted the levels that we would be looking at during the European session, and suggested how we would respond to price reaching these levels. Now action has matured throughout today's session, what are the levels that we are keeping an eye on in the bitcoin price this evening, and how can we get in according to our scalp strategy and draw profit from the market? Take a look at the chart. As you can see from the chart, the levels that we were keeping an eye on this morning remain the ones to watch....
Here's a look at what we are focusing on in the bitcoin price this evening. So here goes, our final bitcoin price analysis of the week. It has been a pretty busy week, as we noted earlier today, and one that will likely end up influencing our trading for weeks to come. Why? Because action has been so volatile that it has carved out numerous key levels, and we can use these key levels to carry forward into our trading throughout the remainder of January. Exactly which of them will become effective remains to be seen, but no doubt some of them will, and when they do, we will be ready to take....
Solana (SOL) is currently one of the high-flyers in the crypto market. The crypto token recently recorded one of the most gains following the market-wide rebound. Crypto analyst Rekt Capital, however, suggested that the crypto token is just getting started, revealing key levels to watch as Solana eyes higher prices. Key Levels To Watch For Solana’s Price In an X (formerly Twitter) post, Rekt Capital highlighted $180 and $202 as key price levels to watch for Solana’s price. The analyst claimed that a successful retest of the $180 price level as new support could continue an upward trend....