What To Expect For The Bitcoin Price After The Weekend Breakdown Below $70,000
Crypto analyst Doctor Profit has provided insights into what to expect from the Bitcoin price after it dropped below $70,000 over the weekend. This comes as the leading crypto continues to face pressure due to the U.S.-Iran war and volatile oil prices. What To Expect From The Bitcoin Price In an X post, Doctor Profit said that he expects the Bitcoin price to move sideways between $57,000 and $87,000. The analyst noted that this sideways price action is not bullish but a preparation for what is coming in the next few months for the leading crypto. He predicts that BTC could drop to between....
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In this morning's bitcoin price watch piece, we highlighted the levels that we would be watching throughout today's European session, and suggested how we would respond to the bitcoin price reaching these levels as far as getting in and out of the bitcoin market was concerned according to our intraday breakout strategy. Today's European session has now drawn to a close, and - as we head into the weekend - we expect to see some further volatility. Perhaps not quite as much as we saw last weekend, primarily as a result of the lack of fundamental drivers expected this weekend, but still....
Here's a look at what we are focusing on in the bitcoin price this morning. Okay, we’re off to a fresh start for the week in our bitcoin trading, and it is time to take a look at what’s happened over the weekend, and see if we can figure out where we expect price to go during today’s European morning session. With any luck, we will get some volatility, and be able to get in and out of the markets according to our intraday strategy. Over the weekend, price remained relatively flat, and we didn’t see that much in the way of breakout action. We did manage to get in on a couple of short term....
Here's what we are looking to trade in the bitcoin price on Monday morning. It’s been a few weeks since we were last able to use our intrarange strategy effectively, but as we kick off this fresh week in the bitcoin price, we may finally have an opportunity to do so. Price over the weekend turned out to be pretty volatile, and this volatility has opened up a decent sized range for us to take a look at. Of course, we’ll also be bringing our breakout strategy to the table, in the hope that we get a breakout on the back of any intrarange volatility. So, with this in mind, what did action over....
Following up on the weekend look at Bitcoin’s long term price chart, we will look again today at the long term (8 day candle) chart of BTC, per Kraken. Over the weekend we looked at a Bull Setup. As we saw, that setup suggests a bull move that will likely last several more months. But of course, it goes without saying that there are both bulls and bears in the market at pretty much any given moment. I expect that is well understood by everyone reading this article. So, it is not enough to just look at a bull setup as we did in my last article. We want to gauge bear strength also. So let’s....