Traders Blog - Analysis, Strategies, News and more | Category - Crypto
Bitcoin consolidating – where to from here?
Bitcoin downtrend didn’t reverse last week. Bitcoin price is below $20,000 currently. A glance at the daily chart reveals Bitcoin sideways trading continues currently. There are no clear signs who has the upper hand - the bulls or bears, a...
Bitcoin rebounding continues – will the downtrend reverse?!
Bitcoin rebounded last week. Bitcoin price is above $21,000 currently though there is widespread belief it will fall below $20,000. A glance at the daily chart reveals Bitcoin is trading sideways currently. However, the bulls have not overtaken bears...
Bitcoin rebounds – still in downtrend though!
Bitcoin retreat continued last week. Bitcoin price is above $20500 currently, after falling under the $28850-$30700 support range. A glance at daily chart reveals Bitcoin market is oversold – the RSI indicator is in the oversold zone. That explains t...
Bitcoin back in downtrend – traders close to capitulation!
Bitcoin reversed the rebound last week and renewed the downtrend again! Bitcoin price is below $24000, considerably under the $28850-$30700 support range. A glance at daily chart reveals Bitcoin market is oversold – the RSI indicator is in the overso...
Bitcoin reversed the downtrend – set to rise!
Bitcoin reversed the downtrend last week! Bitcoin price is about to move above $31,400 – continuing on a new bullish leg that will take it back into the uptrend channel that it broke out to the downside four weeks ago! Against the backdrop of global...