Daily Bitcoin Price Analysis from Crypto-News.net

[Crypto-News]

25.3.2017

Bitcoin Price Falls Well Below $1000 Through Breach of Support

BTC/USD rates are going through a tough period of strong selling pressure as the downturn is furthering its impact. Bitcoin prices dropped almost 10% through the last few hours, with trading volumes reaching levels even higher. The market’s sentiment has only kept feeding the bearish mood as the downturn continues with prices reached further below the $1000 mark.

Major Signals

• The downward spiral bitcoin markets had entered appears to have escalated into an all around bearish mood.
• Traders are giving into the pressure of selling this way creating massive back to back sell order logs, pushing the price down.
• BTC/USD rates are now trading around $930 price levels with showcased tendencies to go even lower.

Full analysis on https://www.crypto-news.net/bitcoin-price-falls-well-below-1000-through-breach-of-support/

[Crypto-News]

28.3.2017

Bitcoin Price Rebounds Above $1000 After Ease of Selling Pressure

Bitcoin markets are going through a period with relatively high trading volumes as usual yet the bearishness that caused price drops for BTC/USD rates seems to have now went away in part. After bitcoin prices dropped down to $950 levels, trades are now happening around a price point above $1000 once again.

Major Signals

• Bitcoin appears to be regaining its strength as quite a bit of money is probably flowing back into bitcoin markets.
• While the confidence of traders in the current market outlook might be uncertain, yet the current recovery is certainly driven by quite a bit of buying pressure.
• Resistance seems have quickly taken shake as bitcoin prices fell from newly reached levels through the ongoing rebound.

Full analysis on https://www.crypto-news.net/bitcoin-price-rebounds-above-1000-after-ease-of-selling-pressure/

[Crypto-News]

29.3.2017

Bitcoin Price Remains Above $1000 in Spite of Strong Resistance

Bitcoin prices have so far managed to stay above $1000 in spite of selling pressure making a slight return into markets through the last trading session. BTC/USD rates reached a top price above $1060 but have since fallen to significantly lower price levels amid a market sentiment dipped into volatility.

Major Signals

• Bitcoin prices appear to be entering a circle of volatility after markets reached a top price slightly above $1065 yet failed to break further away from resistance.
• Prices have since fallen but trades are on a rising trail after underlying support kept prices above $1000 in spite of the pressure.
• $1010 seems to be the support levels identified today yet selling pressure observed throughout the day seems to have enough momentum for a probable breach.

Full analysis on https://www.crypto-news.net/bitcoin-price-remains-above-1000-in-spite-of-strong-resistance/

[Crypto-News]

30.3.2017

Bitcoin Price Rebounds Above $1050

While volatility is still a strong element in bitcoin markets, traders are now pushing for higher prices amid a wave of apparent buying pressure. BTC/USD rates peaked above $1050 levels through today’s trading session with the market showing potential to overcome such levels. Buying pressure seems to be outrunning resistance as the market’s sentiment might be going through a positive overturn.

Major Signals

• With bitcoin rates peaking above $1050 following several negative trading sessions, the price rise might be a positive break away from bearishness.
• Large buy orders pushed the price up several times throughout the day while $1050 seems like a feasible target again in spite of volatility.
• In so far, the market’s sentiment is notably more positive than what it was through percending trading sessions.

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

[Crypto-News]

31.3.2017

Bitcoin Price Holds Steady Above $1000 in Spite of Pressure

Bitcoin markets have gotten traders used to quite a bit of volatility through the last few days, yet traders have managed to help BTC/USD combat the ever growing selling pressure through the last few days. In so far, a bottom of $1020 levels might have been reached, but resistance seems to get easily exhausted amid the current market sentiment.

Major Signals

• Bitcoin prices might have reached a bottom of $1020 through the last trading session, yet trades managed to climb above $1050 since then.
• Resistance at $1050 caused prices to settle below such levels, but selling pressure now seems more exhausted.
• With sell walls only intensifying above $1050, it seems as though several traders are set to make a breakthrough harder.

Full analysis on https://www.crypto-news.net/bitcoin-price-holds-steady-above-1000-in-spite-of-pressure/

[Crypto-News]

1.4.2017

Bitcoin Price on a Trail Back to $1100?

Bitcoin markets are keeping up through trading sessions with increased trading volumes. BTC/USD rates surged with a rise of almost 5% through the last trading session, with traders appearing to be increasingly optimistic in the last few hours of trading activity. Bitcoin prices did break above several resistance levels.

Major Signals

• Bitcoin prices did reach a peak right below $1090 but resistance above this point just seems too strong.
• Support has effectively formed around newly reached levels, paving the way for positive developments.
• Upward price spikes appear to be having a positive reception so far as strong selling pressure has quite apparently backed down.

Full analysis on https://www.crypto-news.net/bitcoin-price-on-a-trail-back-to-1100/

[bbc.reporter]

@Crypto-News. The article is from the view and the sentiment of the purely technical traders who use charts and price movement in deciding if they buy or sell. But what about from the view from the basis of fundamentals? Bitcoin is suffering from a multitude of problems right now. The biggest threat of this is the hard fork and the complications it might bring. If you take that into account, do you think this rise is still a good reason to be optimistic?

[Crypto-News]

2.4.2017

Bitcoin Price Corrects After Brief Run Above $1100

Bitcoin prices did briefly climb above $1100 levels through the last trading session but selling pressure was able to cause a price drop short after that. It seems as though markets weren’t ready to welcome such a sudden price rise as support wasn’t there to help maintain such levels.

Major Signals

• Bitcoin markets are maintaining a pretty neutral market sentiment as no major developments at a certain appear to be hinted at the moment.
• Selling pressure only became apparent after BTC/USD rates reached above $1100 levels, causing a price drop down to $1070 levels.
• Bitcoin prices have since settled around $1080, with selling pressure ultimately failing to cause a more major price drop.

Full analysis on https://www.crypto-news.net/bitcoin-price-corrects-after-brief-run-above-1100/

[Crypto-News]

3.4.2017

Bitcoin Price on the Rise Above $1100 After Breakthrough

Bitcoin prices appear to be on the rise once again, a development that comes after a prolonged period of bearishness. It seems as though the break through resistance at $1100 levels was enough to propel markets towards a more positive market sentiment as buying pressure is once again back on the table with trading volumes also being on the rise.

Major Signals

• Upward price spikes lead bitcoin prices on a rising pattern thanks to markets showing a great reception to the bullish developments.
• Buying pressure is obviously outrunning selling orders as the market’s sentiment takes a turn for the better.
• Support has yet to form yet buying pressure has so far been sufficient to keep bitcoin prices from falling.

Full analysis on https://www.crypto-news.net/bitcoin-price-on-the-rise-above-1100-after-breakthrough/

[Crypto-News]

4.4.2017

Bitcoin Price on the Rise Above $1150

Bitcoin rates are on a rising trail ever since bitcoin markets broke through the resistance level at $1100. In so far, trading volumes remain notably high while selling pressure is still being outrun by buy orders as the price keeps rising. BTC/USD rates peaked right below $1160, yet resistance seems weakened as markets keep looming around peak levels.

Major Signals

• Bitcoin markets are continuing to be bullish as buying pressure doesn’t have a hard time helping the price rise even amid such high trading volumes.
• Weak support has formed around $1150 levels, yet resistance still seems to be stronger at this point, especially with the price rise being so recent.
• While back to back buy orders seem to have brought BTC/USD rates so far, it’s still uncertain if the most recent peak will be the top of the price rise.

Full analysis on https://www.crypto-news.net/bitcoin-price-on-the-rise-above-1150/

[Crypto-News]

5.4.2017

Bitcoin Price Falls From $1150 Levels Under Pressure

Bitcoin markets chew threw several large downward spikes as selling pressure reached peak levels amid especially high trading volumes. In so far, BTC/USD rates dropped down to 1125 levels, in what feels like an unprecedented move after the mood established through previous trading sessions. While volatility ensued after the first downward spike pushing bitcoin priced under $1150 levels, but more selling pressure was to follow; with prices ultimately settling around $1140.

Major Signals

• Whilst immersive selling pressure probably attempted to perform a hostile takeover on BTC/USD markets, prices kept looming around $1150 for quite a while.
• The sheer volume of the sell orders that caused the price drop is remarkable, and yet BTC/USD rates have settled around $1140 levels.
• In spite of the fact that bears didn’t manage to cause a more major price fall, $1150 is starting to look like a resistance levels.

Full analysis on https://www.crypto-news.net/bitcoin-price-falls-from-1150-levels-under-pressure/

[Crypto-News]

6.4.2017

Bitcoin Price Spikes; Nearing $1150 Once Again

Bitcoin markets seem to be on a rapidly moving trail of volatility right at the time traders appeared to have been starting to get some rest. Just through yesterday’s trading session, BTC/USD rates dropped down to $1110 levels with back to back sell orders leading bitcoin prices down to a negative spike. As of more recent developments, an upward swing has sent bitcoin prices peaking slightly above $1150 levels.

Major Signals

• Volatility is certainly a strong force in bitcoin markets at the moment, with BTC/USD rates having reached to the extremes of a wide margin in a short period of time.
• The recent upward spike sent bitcoin prices above $1150 very briefly, finally putting the price around $1145 with slight support below that level.
• While resistance at this point it still outweighing support, the positive developments are helping the market’s sentiment change for the better.

Full analysis on https://www.crypto-news.net/bitcoin-price-spikes-nearing-1150-once-again/

[Crypto-News]

7.4.2017

Bitcoin Price Peaks Above $1200

Bitcoin prices broke above resistance levels through the last trading session, briefly peaking above $1200 levels. Back to back buy orders keep leading markets with a bullish mood being the major component of the day’s trading activity. Up till now, selling pressure has failed to cause a price fall amid the current sentiment, although resistance at $1200 levels seems to be gaining strength once again even after the breakthrough.

Major Signals

• Prices kept rising slowly but steadily through the day, with the peak even reaching above $1200 after rising from a bottom of $1110 levels.
• Selling pressure has only had an effect on markets after the peak was reached.
• Resistance appears to be regaining strength at $1200 levels after the price peaked at this level.

Full analysis on https://www.crypto-news.net/bitcoin-price-peaks-above-1200/

[Crypto-News]

8.4.2017

Bitcoin Price Keeps Breaking Above $1200 Amid Volatility

The recent break through resistance didn’t leave bullish traders unchallenged. Resistance at $1200 seems to have been reconciled as the previous trading session had BTC/USD rates reach close to this level, but ultimately prevented a price rise beyond it. From the looks of it, bitcoin traders are really into forming resistance as sell walls below $1200 gained quite a bit of strength after the recent fall below such levels.

Major Signals

• Bitcoin prices reached $1200 in three occasions, yet that didn’t prove to be enough for the price to keep rising.
• Selling pressure appeared to have backed down, yet it’s been showcased that it’s underlying even through the last trading session.
• In spite of the lowered trading volumes, resistance now plays a much more major role in markets as buying pressure also starts being exhausted.

Full analysis on https://www.crypto-news.net/bitcoin-price-keeps-breaking-above-1200-amid-volatility/

[Crypto-News]

9.4.2017

Bitcoin Price Bows to Selling Pressure Going Below $1200

Bitcoin markets keep having a hard time as buying pressure continues declining. In spite of trading volumes going down, bearish sell orders have kept handling the price ever since a recent break through had prices trading above $1200 levels. In spite of the numerous points at which BTC/USD rates reached close to $1200, recent developments lead to prices dropping down to $1175 levels, resistance still seeming strong.

Major Signals

• Lower trading volumes are apparently making it easier for bearish traders to have a more significant effect on the market.
• Prices dropped from levels higher than $1200 down to $1175 levels within the same trading session.
• Back to back buy orders were countered with downward spikes, with prices now settling above $1180.

Full analysis on https://www.crypto-news.net/bitcoin-price-bows-to-selling-pressure-going-below-1200/

[Crypto-News]

10.4.2017

Bitcoin Price Spikes Above $1200 Again

A major break through has happened in bitcoin markets through recent hours in the current trading session. Big buy orders were placed back to back, pushing the price up to 1225 levels. The strong buying pressure experienced through the day has sent support levels stand behind even the recently reached price levels.

Major Signals

• Strong buying pressure appears to be having success among bitcoin markets as trading volumes are going down.
• The markets were rushed onto a bullish market sentiment after an upward spike was followed by further positive developments.
• While the recent price rise appears to have melted resistance, BTC/USD rates have settled around $1215.

Full analysis on https://www.crypto-news.net/bitcoin-price-spikes-above-1200-again/

[Crypto-News]

11.4.2017

Bitcoin Price Keeps Above $1200 Levels as Volumes go Down

Bitcoin markets seem to be in par with the notion that $1200 levels are here to stay, as traders keep responding to downward swings with buying pressure and back to back buy orders. In spite of trading volumes going down considerably, buying pressure effectively battles volatility, keeping BTC/USD rates are levels above the recent break through price point.

Major Signals

• Buying pressure continues to keep up even with trading volumes going quite after the recent run.
• Back to back buy orders are still present in today’s trading session, countering downward effectively so far.
• BTC/USD rates are now looming above $1220 levels in spite of recent volatility that pushed bitcoin prices down below $1210 levels.

Full analysis on https://www.crypto-news.net/bitcoin-price-keeps-above-1200-levels-as-volumes-go-down/

[Crypto-News]

14.4.2017

Bitcoin Price Recovers Back Above $1200 After Downturn

Bitcoin prices were kept under $1200 levels for quite a few hours through yesterday’s trading session as traders appeared to be fighting a losing battle with selling pressure. Ultimately, prices have recovered above this level today, yet the sustainability of such a development is still uncertain under the current market sentiment.

Major Signals

• Selling pressure took a more major role in bitcoin market’s through yesterday’s trading session.
• Downward spikes and resistance were quite vigilant in pushing BTC/USD rates below $1200 in spite of the fight traders kept up after the initial spike.
• What the market is now signaling is that a return higher above $1200 wouldn’t be too unlikely.

Full analysis on https://www.crypto-news.net/bitcoin-price-recovers-back-above-1200-after-downturn/

[Crypto-News]

15.4.2017

Bitcoin Price on a Rising Trail Around $1215

While bitcoin markets stopped riding on the confidence promoted by the dominant buying pressure throughout preceding trading sessions. In so far, after a low point slightly below $1170 levels, BTC/USD rates peaked close to a $1220 price point in the recent hours. Whilst selling pressure had a presence through the day, no downturn took place as prices quickly recovered and are keeping close to $1220.

Major Signals

• BTC/USD markets are distinctively affected by selling pressure, and whilst trading volumes have dropped a recovery didn’t seem easy.
• Prices did recover above $1200 after selling pressure pushed BTC/USD rated down below $1270 levels, yet the market’s sentiment isn’t close to being bullish.
• Resistance seems to be shaping up at levels above $1220 whilst support for current levels remains weak.

Full analysis on https://www.crypto-news.net/bitcoin-price-on-a-rising-trail-around-1215/

[Crypto-News]

17.4.2017

Bitcoin Price on Short Sideways Trend

With trading volumes having gone straight down since the days bitcoin’s price was rallying, not much is observed within markets in terms of developments. Traders are however showing support for levels above $1150, with even buy walls outweighing sell walls. It could be that the underlying support seems stronger in a trading session with such trading volumes, yet $1150 levels were not breached in spite of the pressure experienced.

Major Signals

• Bitcoin’s price did peak slightly below $1180 throughout the last trading session but has since settled around $1170.
• A recovery observed yesterday came right after a price drop down to levels slightly above $1150.
• It’s evident that there’s quite a bit of underlying support that’s taken shape as buying pressure come along every time there was need to counter price drops.

Full analysis on https://www.crypto-news.net/bitcoin-price-on-short-sideways-trend/