Daily Bitcoin Price Analysis from Crypto-News.net

[Crypto-News]

18.4.2017

Bitcoin Price Jumps Close to $1190

Bitcoin markets seemed a little divided over yesterday’s trading session, with BTC/USD rates seemingly having entered a sideways trailing trend whilst trading volumes stagnantly low for what traders had gotten used to. Now, through today’s trading session, a large upward spike pushed bitcoin prices a step closer to $1200.

Major Signals

• Low volumes rere disrupted by large buy orders that managed to push BTC/USD prices up from $1160 levels all the way to price levels right below $1190.
• In so far, the upward spike has gotten a relatively positive reception, with prices staying near the peak in spite of pressure.
• Quite a bit of support appears to have formed even around recently reached price levels as buy walls at $1180 have been strengthened.

Full analysis on https://www.crypto-news.net/bitcoin-price-jumps-close-to-1190/



UPDATE: Bitcoin Price Keeps Above $1200 as Traders Start Moving Away From Bitfinex

Full update here: https://www.crypto-news.net/bitcoin-price-keeps-above-1200-as-traders-start-moving-away-from-bitfinex/

[Farcoin12]

I'll be posting daily bitcoin price analysis from Crypto-News.net

Those can be read under analysis section: https://www.crypto-news.net/category/trading/price-analysis/

27.12.2016

Traders can’t seem to stand by any significant downward pattern as any market downturn for BTC/USD rates till now has been reversed. Although trading volumes are still much higher than the averages, they’ve kept declining ever since the top of $920 was reached. Yet, BTC/USD markets peaked at this level once again.

Major Signals

• Trading volumes have kept falling ever since the previous peak, but this didn’t prevent the price from peaking at $920 once again.
• Buy walls above $900 are for once outweighing sell walls, something that indicated that the market might be settling at such levels.
• The more recent peak at $920 was followed by a correction and a so far persistent sideways trading trend.

Bitfinex BTC/USD markets were lead by strong selling pressure in the preceding trading session. Large trading volumes were consumed by back to back buy orders that pushed the price up close to the previous peak level. By this point, it’d be safe to say that the more obvious resistance levels at the moment sits around $920 levels.

However, this time the market might be more susceptible to a breakthrough. After a particularly bullish rally pushing the price to peak levels, sideways trading would most likely be followed by a continuation to previously ongoing patterns. Selling pressure also isn’t negligible at the moment, but given that the price being able to recover above $900 it surely is outmatched amidst this market sentiment.

Futures markets also seem optimistic, with an extra hint of exaggeration in upward price movements. OKCoin futures traders are surely welcoming the new bullish outbreak that came to the rescue only after BTC/USD rated had “plunged” below $860 in a day.

Over the course of the last few trading sessions, it’s been established that bulls aren’t having a particularly hard time breaking through resistance levels one after another; as bearish outbreaks are broken off pretty easily with the market’s sentiment changing so rapidly. This time bulls are faced with a challenging resistance level, which they’re now failing to surpass for the second time in the span of a few days. The following days could be detrimental for the continuation of the uptrend that still seems to be ongoing.

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[Crypto-News]

20.4.2017

Bitcoin Price Keeps Bumping $1200 Levels Amid Pressure

In so far, traders seem to be in a fight where the majority of them stands against selling pressure. As large downward spikes are being slowly but stably countered by back to back buy orders.

Major Signals

• Buying pressure has kept BTC/USD rates on a rising trail in spite of the road being bumpy due to large sell orders.
• Traders have been successful in maintaining a positive market sentiment as prices are now reaching above $1210 levels.
• Whilst selling pressure has proven capable of breaching through support, the markets sentiment keeps supporting positive developments.

Full analysis on https://www.crypto-news.net/bitcoin-price-keeps-bumping-1200-levels-amid-pressure/

[Crypto-News]

21.4.2017

Bitcoin Price Peaks Above $1240

Bitcoin markets are still being divided as the run from Bitfinex continues. Whilst what used to be the leading bitcoin exchange suffers from a prolonged block of FIAT transactions, bitcoin traders are buying at a premium in an effort to cash out. This might be putting markets in an odd spiral that’s leading prices up universally in spite of the potential risk.

Major Signals

• With BTC/USD rates reaching above $1240 with back to back buy orders through the last trading session it’d be safe to say that the market’s sentiment remains positive.
• The probable motives behind the price rise are quite interesting yet the fact that the risk involved in Bitfinex’s current state is not to be dismissed.
• Prices are now settling below $1235 with bitcoin markets appearing to proport some resistance with sell walls above $1240 levels.

Full analysis on https://www.crypto-news.net/bitcoin-price-peaks-above-1240/

[Crypto-News]

22.4.2017

Bitcoin Price Crashes in What Could be the Beginning of a Selloff

Bitcoin markets are under heavy pressure right now as the recently reached $1200 levels are getting closer to being breached by sizeable sell orders. A large downward spike can be observed with BTC/USD rates going down instantaneously. The premium on Bitfinex might have reached a margin close to a $100 difference from market prices but the ongoing sell off seems to also hold its roots in the troubled exchange.

Major Signals

• BTC/USD markets across the board are affected by a recent wave of strong selling pressure.
• Traders are making it apparent that there’s fear of a selloff being kickstarted on top of the recent price rise.
• Following the spike, some buy walls seem to have appeared yet the market’s longer term reaction has yet to be observed.

Full analysis on https://www.crypto-news.net/bitcoin-price-crashes-in-what-could-be-the-beggining-of-a-selloff/

[Crypto-News]

23.4.2017

Bitcoin Price Faces Premium Greater Than $100 Between Exchanges Again

After yesterday’s downward price spike was met with quite a bit of support with traders ultimately helping the market avert a selloff, the divide observed through bitcoin’s price between Bitfinex and exchanges facing no withdrawal issues has only grown. In so far, traders have showcased that whilst some might fear of the worst, traders other than those with funds trapped in bitfinex seem confident in the market’s sentiment, this way allowing the premium to grow as long as the price doesn’t fall.

Major Signals

• Markets worked on preserving price levels after a major price fall seemed to have been prevented.
• Whilst BTC/USD rates didn’t break resistance above $1145 it does seem like buying pressure has weakened resistance in presence.
• Traders have apparently not lost confidence in the market’s sentiment but Bitfinex’s premium is back above $100.

Full analysis on https://www.crypto-news.net/bitcoin-price-faces-premium-greater-than-100-between-exchanges-again/

[Crypto-News]

24.4.2017

Bitcoin Price Gets Support as Spreads at Bitcoin Exchanges Remain

Bitcoin markets might be under a situation where uncertainty is a driving force behind market movements but through the last trading session, the lack of notable developments is hard to miss. In so far, BTC/USD rates at Bitfinex have showed to be under quite a bit of selling pressure, yet prices in the exchange have remained above $1300 levels whilst the premium remains close to $100. At the same time, support seems to be forming at $1235 levels.

Major Signals

• Volatility has also started to plague Bitfinex BTC/USD markets as withdrawal issues are still present at the exchange.
• Bitfinex BTC/USD rates reached close to $1360 only to fall below $1330 in the last few hours after some strong selling pressure.
• Traders are showing some support for the newly reached levels on other exchanges in spite of the long lasting problems behind the premium and volatility in bitfinex.

Full analysis on https://www.crypto-news.net/bitcoin-price-gets-support-as-spreads-at-bitcoin-exchanges-remain/

[Crypto-News]

25.4.2017

Bitcoin Price Above $1250

Bitcoin markets have kept showcasing the indecisiveness of traders. With Bitstamp BTC/USD rates rising above $1250 through back to back buy orders while rates in other markets remain distant. Bitfinex traders experienced a price fall, with BTC/USD rates falling from levels close to $1360 down to $1330 levels. Ultimately though, the premium remains.

Major Signals

• Traders are certainly pressured by the overall sense of uncertainty that the supposed banking issues of Bitfinex have brought to bitcoin markets.
• In so far, markets unaffected of the issues have continued supporting a rising price as Bitfinex traders buy BTC at a premium while FIAT withdrawals remain blocked.
• Resistance remains strong above the recently reached $1250, while support formed by traders is still weak.

Full analysis on https://www.crypto-news.net/2715-2/

[Crypto-News]

26.4.2017

Bitcoin Price on the Road to Reach $1300?

Bitcoin markets have been interestingly bullish as FIAT withdrawal issues continue in Bitfinex for another day. Trading volumes might not be astoundingly high yet the existing buying pressure is so far managing to negate the presence of selling pressure. With prices peaking at $1280 levels, it’s now evident that the market’s sentiment is set to push prices up.

Major Signals

• BTC/USD prices are reaching above resistance levels in spite of the underlying uncertainty.
• The market’s sentiment is apparently bullish as prices manage to keep rising with relative ease with selling pressure having backed down.
• In spite of the large rally pushing prices from $1240 levels up to $1280, prices are now settling close to peak levels, above $1270.

Full analysis on https://www.crypto-news.net/bitcoin-price-on-the-road-to-reach-1300/

[Crypto-News]

28.4.2017

Bitcoin Price Continues Rising Above $1300

Bitcoin markets appear to be quite bullish through the last trading session with daily trading volumes rising notably. In so far, the rise in trading volumes has brought quite a bit of buying pressure with it, flooding markets with large buy orders and weakening resistance consistently through the course of the day.

Major Signals

• Whilst some selling pressure certainly affected markets through the last trading session, it was ultimately unable to prevent bitcoin’s price from rising.
• BTC/USD rates reached above $1340 at their peak point a few hours ago, but yet another way of selling pressure has had prices around 1330 levels for the time being.
• The market continues to be bullish as the spread between healthy exchanges and Bitfinex BTC/USD markets remained above $100.

Full analysis on https://www.crypto-news.net/bitcoin-price-continues-rising-above-1300/

[Crypto-News]

29.4.2017

Bitcoin Price Onto New All-Time High; No Longer Chasing After Bitfinex?

While speculators are trying to figure out how things could end up with Bitfinex, BTC/USD rates managed to reach a new all time high. Even if prices in healthy exchanges are to be regarded as the base, bitcoin markets continue to be remarkably bullish as the price remains above $1300 levels after a new all-time high was reached.

Major Signals

• Bitcoin markets are under strong selling pressure and yet prices manage to recover close to newly reached levels.
• A breach causing BTC/USD rates to fall down below 1300 very briefly by a recovery pushing prices back up to $1330 levels.
• The spread between healthy market prices and Bitfinex BTC/USD appears to have gone down considerably in spite of the lack of updates.

Full analysis on https://www.crypto-news.net/bitcoin-price-onto-new-all-time-high-no-longer-chasing-after-bitfinex/

[Crypto-News]

30.4.2017

Bitcoin Price Keeps Above $1300 in Spite of Trading Volumes Declining

The fact that trading volumes went down from the peak that was reached in preceding trading sessions lately didn’t stop price levels above $1300 from being maintained. BTC/USD rates might have peaked above $1340 through the last trading session, but in spite of the continuous selling pressure after that point, prices didn’t drop below $1315 levels.

Major Signals

• Bitcoin markets maintain support levels above $1300 in spite of volatility caused by the return of selling pressure’s effect.
• Resistance at $1330 after the price fall has been strengthened, making a return after the decline in trading volumes seem harder.
• Bitfinex’s premium remains and the spread is still looming around a $100 difference between prices of the two BTC/USD markets.

Full analysis on https://www.crypto-news.net/bitcoin-price-keeps-above-1300-in-spite-of-trading-volumes-declining/

[Crypto-News]

1.5.2017

Bitcoin Price Back Onto Rising With Return of Buying Pressure

Bitcoin markets continue being bullish and selling pressure seemed to be having no notable effect on bitcoin prices through the last trading session. Prices climbed from a low of $1315 levels all the way up to price levels reaching close to $1370. Resistance at this point appears to be outweighing support and with a great difference too. Selling pressure might be starting to set in as the price rise already reached a peak from what it seems.

Major Signals

• In contrast to yesterday’s market sentiment, traders contributed to quite a few positive developments today, with the price rising through buying pressure.
• While prices have reached a peak slightly below $1370 levels, prices are not starting to decline in what could be profit taking after the upward swing.
• The market’s sentiment didn’t take a downturn through yesterday’s bearish developments yet today’s rise in trading volumes leaves a taste of strengthened resistance.

Full analysis on https://www.crypto-news.net/bitcoin-price-back-onto-rising-with-return-of-buying-pressure/

[Crypto-News]

2.5.2017

Bitcoin Price Shoots Above $1400; Reaching for New All Time High Levels

Bitcoin markets managed to reach above price levels never before touched by BTC/USD rates. Prices reached a new all time high through the last trading session, with trading volumes reaching record levels as well. Bitfinex BTC/USD rates are now trading with a premium from other exchanges that has show above $200 with the exchanges bitcoin price trading above $1500 levels.

Major Signals

• Traders are now riding on a market sentiment more bullish than ever as prices have kept breaking through all time high levels through the day.
• Markets are showcasing a disconnect from Bitfinex’s course as the spreads kept becoming wider.
• It seems as though the peak near $1425 rates triggered a bearish response of strong selling pressure that’s currently having prices slightly below $1400 levels.

Full analysis on https://www.crypto-news.net/bitcoin-price-shoots-above-1400-reaching-for-new-all-time-high-levels/

[Crypto-News]

3.5.2017

Bitcoin Price Rising Above $1400 After New All Time High

Bitcoin markets continued being remarkably bullish as the recent rally kept pushing prices to new all time high levels. Bitcoin prices didn’t stop rising once $1400 levels were reached, with Bitstamp rates peaking at $1480. The spread between exchanges and Bitfinex has actually maintained its size close to $100 through the day. Thankfully traders at exchanges facing no issues didn’t give into a bearish market sentiment after the peak.

Major Signals

• Whilst trading volumes are no longer at record high levels, the market’s sentiment remained bullish.
• Upward price spikes were perceived with a positive follow up as the prices only kept rising as buying pressure was flooding markets.
• There has been some decline after the market’s peak and resistance now outweighs support by a great margin but no major sell offs just yet.

Full analysis on https://www.crypto-news.net/bitcoin-price-rising-above-1400-after-new-all-time-high/

[Crypto-News]

4.5.2017

Bitcoin Price Above $1500

Bitcoin prices are continuing to rise while markets are rising on a bullish market sentiment. The price rally doesn’t seem to have slowed down in momentum at which BTC/USD rates broke through $1500 levels just hours ago, even reaching a peak at $1510. Profit taking might have caused a minor price drop since the peak but the market is already showcasing support for the newly reached levels.

Major Signals

• Bitcoin traders are continuing to show confidence in the market’s sentiment by helping prices break through new all time high levels.
• Selling pressure might be strong but is so far being successfully countered by back to back buy orders.
• Price spreads between exchanges remain at around $100 as traders had gotten used to through for the greater part of the last few days.

Full analysis on https://www.crypto-news.net/bitcoin-price-above-1500/

[Crypto-News]

5.5.2017

Bitcoin Price Recovering After Fall From Peak Above $1600

Bitcoin markets reached a peak price point at around $1615 through the last trading session yet the followup to this price surge was a large spike in caused by emerging selling pressure. Prices did recover to levels closer to $1600 later through the day but from what it seems, traders are having a hard time breaking above this level as resistance has grown.

Major Signals

• While trading volumes were already at record high 24 hour levels, the coming of such strong selling pressure at the peak of the rally pushed for a further increase.
• Markets did manage to recover at levels closer to $1600 but with the emerged resistance it now seems as a price level to be broken through.
• The market’s momentum seems to have been halted by the emergence of the selling pressure, yet thankfully a more major price fall has been averted as of now.

Full analysis on https://www.crypto-news.net/bitcoin-price-recovering-after-fall-from-peak-above-1600/

[Crypto-News]

6.5.2017

Bitcoin Price Takes Downturn After Peak Above $1600

Bitcoin trading volumes have slightly declined since yesterday’s trading session, yet the price didn’t stop falling. Markets are succumbing to the selling pressure that emerged after the rising pattern affecting markets broke from downward spikes. In so far, the selling pressure took BTC/USD markets in a slight downturn, weakening support and having resistance strong develop at $1525 levels.

Major Signals

• Traders fail to complete a full recovery as selling pressure counters upward movements effectively.
• The market’s sentiment is undoubtedly more bearish as the mood has been overturned with support for the falling price going away.
• Prices are settling slightly below $1525 but a break through this levels seems unlikely at this point.

Full analysis on https://www.crypto-news.net/bitcoin-price-takes-downturn-after-peak-above-1600/

[Crypto-News]

8.5.2017

Bitcoin Price Rises With Spike Above $1560 Levels

Bitcoin markets kept going through a period of prolonged bearishness through the last trading session, with prices that kept succumbing to selling pressure. In so far, BTC/USD rates dropped down to a bottom of $1225, with prices seemingly meeting with some support at such levels after the prolonged falling.

Major Signals

• Bitcoin markets kept being bearish through the last trading session, but with traders ultimately breaking out of such a mood.
• The market’s sentiment has been under quite a bit of pressure ever since selling pressure broke out.
• Trading volumes remain at levels close to historical highs and its amid this market sentiment that markets are seeing a positive price spike.

Full analysis on https://www.crypto-news.net/bitcoin-price-rises-with-spike-above-1560-levels/

[Crypto-News]

9.5.2017

Bitcoin Price Re-Enters Bullish Mood With Prices Reaching $1650

Bitcoin markets have once again started being bullish, with trading volumes reaching historical highs amid another day through which new all time high levels were achieved. Bitcoin traders are pushing prices to new record high levels with back to back orders while resistance seems to be going away really fast.

Major Signals

• Bitcoin prices are under the spell of a mood bullish as ever with trading volumes perhaps greater than ever pushing prices up.
• Support somehow manages to form around the newly reached levels with buy walls seemingly securing the market’s bullish sentiment for the time.
• In so far, the price rally has not been interrupted by bearish downward price swings, with traders successfully defending current prices.

Full analysis on https://www.crypto-news.net/bitcoin-price-re-enters-bullish-mood-with-prices-reaching-1650/