Daily Bitcoin Price Analysis from Crypto-News.net

[Crypto-News]

06.2.2017

Bitcoin Price Hit by Selling Pressure


Bitcoin markets appear to have started giving into selling pressure as the peak at $1040 was only followed by a general drop in BTC/USD rates. Large sell orders caused major drops in bitcoin prices with BTC/USD rates going as low as $995. The recovery back to $1000 levels might have been swift but the overall change in the market’s sentiment becomes apparent and could be indicative of how traders might have expected better.


Major Signals

• Support for $1000 levels has by now been chewed through by the recent wave of selling pressure.
• Resistance has certainly outpaced the already substantially weakened support, something that’d surely affect the sentiment of upcoming trading sessions.
• A continuation to the price rise that began through this rally seems significantly harder now as the rally might even be coming to an end.

Full analysis on https://www.crypto-news.net/bitcoin-price-hit-by-selling-pressure/

[1714929887]

1714929887

[600watt]

i think your analysis are generally too bearish. $1k showed good support several times. today price will rise, imho. (please tell me if you get bothered by my posts, i will stop doing this  )

[Crypto-News]

i think your analysis are generally too bearish. $1k showed good support several times. today price will rise, imho. (please tell me if you get bothered by my posts, i will stop doing this  )

You can post your opinion, why not.

[Crypto-News]

07.2.2017

Bitcoin Price Nears $1050 Once Again


BTC/USD markets seem to have exhausted selling pressure as in spite of the price reaching below $1000 yesterday whilst under immersive sell orders, bitcoin’s price is now nearing $1050. While some resistance is certainly nested at such levels, the current momentum of the market seems to have established a good base to break through it.


Major Signals

• Following yesterday’s slight breach of support, buying orders are now most definitely outpacing selling pressure.
• The force leading the market up to a top of $1048 levels seems to have been lead by several large back to back buy orders that lead to this point.
• Whilst the rise was met with resistance at this top, it could regain strength to support such levels this way setting the base for a potential future breakthrough.

Full analysis on https://www.crypto-news.net/bitcoin-price-nears-1050-once-again/

[Crypto-News]

08.2.2017

Bitcoin Price Keeps Rallying Above $1050


Bitcoin markets keep being particularly bullish in the recent trading sessions. It only took a few hours for BTC/USD rates to reach above $1050 after resistance levels were hit at prices around $1047 levels. From there on, buying pressure seems to be outpacing selling pressure. However, support didn’t come up right away, this way allowing large sell orders to pierce below $1050 levels. Yet, BTC/USD rates have reached above $1060 since then.


Major Signals

• Bitcoin markets once again appear to be under the influence of a bullish overturn, as the price shot up only after a few hours with lack of positive activity.
• The initial signal pushing the price above $1050 was initiated by a price spike caused by large by few orders.
• The market’s reception is particularly positive, responding to the rise with further positivity and back to back buy orders breaking through resistance at higher levels.

Full analysis on https://www.crypto-news.net/bitcoin-price-keeps-rallying-above-1050/

[Crypto-News]

09.2.2017

Bitcoin Price Recovers from Large Downward Spike


A whale seems to have gotten hold of bitcoin markets as a particularly large sell order sent bitcoin prices down from $1070 to $1020 levels. Prices have since then recovered to levels closer to $1050 but with bearish tendencies as selling pressure and profit taking seem to have awoken amid the current setting and higher trading volumes.


Major Signals

• Trading volumes have increased in comparison to what preceding trading sessions seemed like but this increase also seems to have taken selling pressure with it.
• BTC/USD might have reached close to $1070, yet the follow up to this development was a substantially large downward spike that likely caused by a bearish whale.
• The market has since recovered yet the bearish mood introduced after the spike still leaves a bitter taste.

Full analysis on https://www.crypto-news.net/bitcoin-price-recovers-from-large-downward-spike/

[leopard2]

Yep the whale is Chinese trying to cash out before PBOC shocks the market

I wonder if the whale is connected to Chinese government? Mega pump and dump?

[ethereumhunter]

Yep the whale is Chinese trying to cash out before PBOC shocks the market

I wonder if the whale is connected to Chinese government? Mega pump and dump?

if there are any mega dump before mega pump, then traders will be worried and want to save their bitcoin first or just to keep in their wallet until the price is back. maybe the whale is connected to chinese government since we don't know the truth and we only see what is going on in the market.

[Crypto-News]

10.2.2017

Bitcoin Price Falls Bellow $1000 After Large Sell Off


Selling pressure made BTC/USD rates dip, dropping below $1000 levels and down to $955 levels. The amazingly large sell orders that sent BTC/USD rates down to such levels were remarkably large for the setting trading volumes had contributed for. It’s no wonder that orders of that size impacted the market’s state heavily.


Major Signals

• In spite of some support having been established prior to the downward spike, $1000 levels were breached due to the size of the pressuring orders.
• The extent of the price drop can still be felt among bitcoin markets as it left bitcoin rates dangling to lower levels with no signs of recovery.
• Resistance seems to be growing along with support when it comes to buy/sell walls after the fall as the market still seems indecisive when it comes to following a certain direction.

Full analysis on https://www.crypto-news.net/bitcoin-price-falls-bellow-1000-after-large-sell-off/

[Crypto-News]

11.2.2017

Bitcoin Price Has a Hard Time Recovering Above $1000


Bitcoin’s price seems to still be affected by the negativity ushered by yesterday’s selling pressure. BTC/USD rates might have recovered from the low levels reached in the preceding but the market’s sentiment isn’t at a particularly high point. The price seems to be having a hard time breaking above $1000 after the dip caused by the recent crash.


Major Signals

• BTC/USD rates are still affected by the negativity ushered by large sell orders having a major effect on the market.
• Whilst a breakthrough above $1000 was achieved, the reception of this development doesn’t seem to be receiving much support from the market.
• The last few hours have been a tad bit more positive with the price recovering from $950 levels to settle around $990.

Full analysis on https://www.crypto-news.net/bitcoin-price-has-a-hard-time-recovering-above-1000/

[Crypto-News]

14.2.2017

Bitcoin Price Stumbling Upon Resistance at $1000 Price Levels


BTC/USD markets are having a hard time recovering above $1000, in spite of some support for such price levels coming forward in the last few days. Markets seem to be giving into selling pressure time after time, with the recent downward spike having put bitcoin markets in a position where trading above $1000 seems increasingly less likely amidst growing resistance.


Major Signals

• Resistance is actively keeping bitcoin prices below $1000 with selling pressure becoming apparent once such levels are neared.
• BTC/USD rates fell to $970 levels though the last trading session after a downward spike caused by big time selling caused a significant price dip.
• There might have been a slow recovery since that time, yet the market has so far been unable to defeat resistance sitting at $1000 levels, in spite of attempts to chew through it.

Full analysis on https://www.crypto-news.net/bitcoin-price-stumbling-upon-resistance-at-1000-price-levels/

[Crypto-News]

15.2.2017

Bitcoin Price Jumps Above $1000 in Sudden Development


A couple of bullish buy orders appear to have pushed BTC/USD rates above what had previously been dubbed as a resistance level. This is the first time bitcoin’s price reached above $1000 in such a fashion after the price fall and the lack of resistance is remarkable. Perhaps the market’s support preventing the price from dropping further did indeed echaust selling pressure.


Major Signals

• Bitcoin prices seem to have easily been pulled out of the bearishness established through preceding trading sessions.
• Trading volumes remain at levels close to the ones reached through recent trading sessions yet selling pressure seems to be having less of an effect on the price.
• Bitcoin prices appear to be settling above $1010 after the upward spike had a somewhat positive reception from bitcoin traders.

Full analysis on https://www.crypto-news.net/bitcoin-price-jumps-above-1000-in-sudden-development/

[Crypto-News]

16.2.2017

Bitcoin Price Sustained at Levels Above $1000


Bitcoin markets weren’t particularly positive in today’s trading session as the market sentiment doesn’t seem to showcase that of a bearish attitude in spite of the recent recovery. Thankfully, bitcoin prices have stayed above $1000 since the upward spike pushing the price above such levels, and support has been sufficient to keep the price from dropping again. However, no breakthrough seems to be approaching either.


Major Signals

• Bitcoin markets are quite volatility but all the price swings are observed within a thin price range for bitcoin’s standards.
• While trading volumes are going down, the market might be awaiting another major development to decide what direction is to be followed.
• For now, BTC/USD rates appear to be settling around $1015 after the price reached $1018 but failed to break through resistance.

Full analysis on https://www.crypto-news.net/bitcoin-price-sustained-at-levels-above-1000/

[Crypto-News]

17.2.2017

Bitcoin Price on the Rise Above $1000


Bitcoin markets are driven by a positive overtake of the market’s sentiment in the last few hours, as bitcoin prices keep rising though a rally of buying pressure. The support for levels above $1000 did indeed set a nice base for a price rise as traders now seem significantly more confident.


Major Signals

• Large buy orders propelled the price up to a $1045 top, showing potential for an even greater price rise.
• Back to back buy orders hindsight some positive change in the market’s sentiment as even the trading session’s biggest upward spikes received bullish followups.
• Bitcoin traders seem determined for another push above today’s top, as a break through resistance seems perfectly feasible at this setting.

Full analysis on https://www.crypto-news.net/bitcoin-price-on-the-rise-above-1000/

[Crypto-News]

18.2.2017

Bitcoin Price Rises Through Shifting Market Sentiment


Bitcoin prices have kept rising ever since the particularly bullish rush of yesterday’s trading session took off. Bitcoin markets are certainly following an uptrend at the moment as traders are once again pushing bitcoin prices close to the top reached almost 10 days ago; back in February 9, BTC/USD briefly touched above $1070 before selling pressure caused prices to plunge.


Major Signals

• The market’s sentiment seems astoundingly bullish for the first time after a long period of close to no positive developments.
• BTC/USD rates are nearing the rally’s top whilst showcasing some great momentum amidst a market setting that lacks substantial resistance.
• While the price has been driven to such levels through what seems like a price rally, support is still outweighing resistance.

Full analysis on https://www.crypto-news.net/bitcoin-price-rises-through-shifting-market-sentiment/

[Crypto-News]

19.2.2017

Bitcoin Price Reacts to Reaching $1070 Levels


Bitcoin markets are reaching close to the high reached earlier within February. However, the market’s response after the price hit $1070 hasn’t been particularly positive so far. It might be that certain traders were waiting for such a signal to unleash their selling potential, or it could be that that the lack of support has allowed for bearishness to finally poke holes through the positivity.


Major Signals

• While volumes are considerably low for a day that resistance levels are coming close to breaking support didn’t seem to be there.
• Relatively weak selling pressure kept pushing bitcoin’s price down further right after BTC/USD rates touched above $1070.
• In the last few hours selling pressure seems to have gained quite a bit of strength as the market’s sentiment indicated that support wasn’t going to come up at such levels.

Full analysis on https://www.crypto-news.net/bitcoin-price-reacts-to-reaching-1070-levels/

[Crypto-News]

20.2.2017

Bitcoin Price Declining Under Strengthened Selling Pressure


Bitcoin markets seem to have been in decline ever since a top price above $1070 was reached. Buying pressure doesn’t seem to be eager to make a return amid the current market setting as trading volumes are also going down. It seems as though the rise in bitcoin’s price has given into resistance.


Major Signals

• As the price appears to be looming above $1050 following a decline from previously reached levels, a break through resistance keeps looking more unlikely.
• $1070 keeps looking like a resistance level after sell walls below this levels have been growing to a point that breaking through them seems hard at such trading volumes.
• The fact that trading volumes are also in decline could mean than traders are waiting for another major move to set their trading in motion.

Full analysis on https://www.crypto-news.net/bitcoin-price-declining-under-strengthened-selling-pressure/

[Crypto-News]

21.2.2017

Bitcoin Price Breaks Through Resistance With Price Nearing $1100


BTC/USD rates were uplifted by bullish buy orders in the last few hours as the price reached close to $1100, breaking through identified resistance levels. The recent rise begun with the market adopting a more optimistic mood after a substantially large buy order pushed the price above the previous resistance level of $1070.


Major Signals

• Bitcoin markets are currently adapting to the bullish overturn that back to back buy orders brought forth.
• After the top of was reached around $1097, bitcoin prices stopped rising, only to recover and keeps at prices above $1090.
• Resistance levels seem to have regained some strength as the market reached higher price levels but the market’s current momentum could help surpassing it.

Full analysis on https://www.crypto-news.net/bitcoin-price-breaks-through-resistance-with-price-nearing-1100/

[Crypto-News]

22.2.2017

Bitcoin Price Breaks Through $1100 Amid New Uptrend


The market sentiment that’s currently leading bitcoin markets is certainly influencing traders in a way that’s helping create buying pressure. While trading volumes are going up, BTC/USD rates are also climbing; reaching further above $1100 levels. Selling pressure has so far failed to have a strong impact on the market as back to back buy orders drive the price to a rising pattern.


Major Signals

• Bitcoin price is continuing to rise above $1100 levels after showing potential to reach levels beyond resistance.
• The rise above $1100 has been quite bumpy, yet support is still somehow outweighing resistance.
• The market’s mood has been visibly bullish as responses to negative swings have so far been followed by positive developments.

Full analysis on https://www.crypto-news.net/bitcoin-price-breaks-through-1100-amid-new-uptrend/

[Crypto-News]

24.2.2017

Bitcoin Price Keeps Rising Closer to All Time High


Bitcoin markets have kept up the bullish market sentiment, pushing prices up in every chance possible. With such a momentum, traders might be setting up for a break through previous all time high prices. While selling pressure sure still hasn’t gone away, it has so far been unable to downplay the ongoing uptrend as downward swings receive swift recoveries.


Major Signals

• BTC/USD rates are going through a bullish price rise in what seems like a prolonged uptrend.
• With traders showcasing how buying pressure is currently running bitcoin markets it wouldn’t be unlikely to see another breakthrough in spite of growing resistance.
• Support for newly reached levels might be taking a while to form but it’s important to note that it’s presence is vital for sustainability.

Full analysis on https://www.crypto-news.net/bitcoin-price-keeps-rising-closer-to-all-time-high/



UPDATE: Bitcoin Price Shoots Past All Time High


Bitcoin markets are going through a historic moment as BTC/USD rates have surpassed previous all time high levels. The ongoing uptrend not only managed to break through resistance, but markets are still showing potential to show support for further price rising. The market’s sentiment remain astoundingly bullish as the price keeps rising with no apparent effect from resistance even after breaking all time highs.


Major Signals

• The market’s sentiment is as bullish as it could be, while the uptrend’s outlook remains optimistic after breaking all time high levels.
• As the price keeps rising beyond the now surpassed all time high, traders continue beating through resistance levels.
• Profit taking has yet to set in but traders seem to be focusing their resources in contributing to the price rise at the moment.

Full analysis on https://www.crypto-news.net/bitcoin-price-shoots-past-all-time-high/