Market Updates Cryptocurrency prices are sliding downwards since our last markets update, as the top ten digital assets are all seeing a loss of gains on January 8. BTC/USD markets reached a high of $17,200 on Saturday evening on January 6, but the value has dropped since then to a low of $13,900 per BTC. The price has since rebounded
Markets and Prices Bitcoin markets are kicking up a notch as the price tested the US$4,425 zone today, after spiking past the $4,300 territory the day before. The currency’s value has been trending higher, but slowly because there’s been a lot of resistance along the way. Presently bitcoin’s price action seemed poised to pounce another leg upwards regaining stamina from
On July 10-11 after coasting along for over 72-hours above the US$2530 range the price of bitcoin took a significant dive to $2240. Bitcoin markets have rebounded slightly on July 12 and the price per BTC is now hovering around $2370 at the time of writing. Further many altcoin markets have seen bigger percentage drops as the entire cryptocurrency market
And we’re off on another day in our bitcoin price trading adventures, and things are really starting to heat up. We started out in and around the 1150 level just a couple of weeks ago, and things we’re really on the fence as far as a bias was concerned. Price could have dropped below 1100 and signaled a longer term
Key Points Bitcoin price is currently trading higher and well above the $1300 handle against the US Dollar. There is a monster ascending channel with support at $1280 formed on the 4-hours chart (data feed from SimpleFX) of BTC/USD. The price is testing the channel resistance area at $1350, and may correct lower in the near term. Bitcoin price remains
Right then. Here we go on our final analysis of the week, and it’s going to be a pretty interesting one. The bitcoin price has given us lots to discuss this week, having initially started out relatively flat but – as the week matured – boosting to break the 1300 level that we’ve had in our sights for a while.
Key Points Bitcoin price traded nicely higher above the $1200 resistance against the US Dollar before finding sellers. The BTC/USD has broken a bullish trend line at $1224 on the 4-hours chart (data feed from SimpleFX), and currently finding support around another trend line. The price is currently above the 100 simple moving average (H4) at $1160, which is a
That’s the week done in the bitcoin price, and for our final analysis of the week, we’re going to do something a little different. Regular readers will be aware that our standard approach is to set up a couple of key levels, one serving as support (to the downside) and one serving as resistance (to the upside) and to then