Here’s The Bitcoin Support Range To Watch If Price Decline Continues

It is the end of the week, and the bitcoin price looks to have settled down somewhat having experienced quite a lot of volatility across past few days. The range that we defined yesterday morning has not yet been broken, and just as we did last night, we’re going to keep it in place – well, sort of. The chart below shows action overnight, and is representative of the last circa 24 hours of action in the bitcoin price. It’s a 15-minute candlestick chart, and it has our slightly revised range overlaid. As you can see, the range in question for this morning’s price watch analysis is defined....

Here are the key levels we are looking at for today's intraday bitcoin price breakout and intrarange strategies. It’s been a pretty exciting week in the bitcoin space – and it’s not yet over. We’ve had a number of fundamental factors that have built into price, we’ve seen monthly highs and a subsequent decline to weekly lows, and a handful of consolidatory action. What’s on the cards for today’s European session remains to be seen, but as ever, we’ll set up our intraday breakout framework against any potential volatility and aim to draw a profit on the movement. Overnight action saw a....

Here's what we are going to watch for tonight's session in the bitcoin price. Before we get started on this evening’s analysis, there are two things worth pointing out from this morning’s publication. The first, that we remain well within the range we slated, which likely means that we’ve seen the end of last’s night’s decline, at least temporarily. Second, that we did get a brief correction, and we managed to pick out the reversal point almost to the cent. Bragging rights aside, why is this important? Well, it validates our upside key level (i.e. resistance) and suggests there’s probably....

Bitcoin price continues drawing sideways in a narrowing range. Will it return to decline? A test of the Fib line just below price (near $370 and 2530 CNY) should be the next market undertaking, and failure of this support should open up any remaining decline in the downtrend since December. If the market can hold the current price level and then advance to a new local high, we could see some light at the end of the tunnel, but there is not yet any evidence that a final low has been struck.

Bitcoin price is trading in a range below the $57,500 resistance against the US Dollar. BTC is likely to start a major decline if there is a clear break below the $53,500 support zone. Bitcoin is struggling to gain momentum above the $56,000 and $56,500 levels. The price is now trading well below $56,500 and […]