Daily Bitcoin Price Analysis from Crypto-News.net

[Crypto-News]

13.1.2017

Bitcoin Price Recovers Above $800 Levels



Bitcoin’s price is finally starting to look up again as selling pressure seems to have backed down in the latest trading session. After BTC/USD reached a bottom at around $750 levels, a recovery back above $800 levels was achieved while resistance was weak.


Major Signals

• The recent recovery certainly doesn’t look like a bullish overturn but it’s nevertheless a positive indicator as it showcases how BTC/USD markets wouldn’t remain in a permabear state.
• The rise above $800 levels happened amid a period of relatively low volumes but large sell orders have since moved the price below $800.
• The lack of selling pressure apparently didn’t last that long, which serves as an indicator that a bearish market sentiment is still at large.

Bitfinex BTC/USD charts showcase how the market is still flirting with $800 after the recent downward spike leading the price much lower than the recovery’s level. Such market movements are certainly to be expected when a price rise takes place in a market whose sentiment was overly bearish hours ago.

Yet, the fact that some buying pressure is finally making its presence felt at levels around $800 goes to show that at least some traders might have reached a point at which more price falls would be unlikely.





Futures charts make it astoundingly apparent that futures traders are not buying in the fresh optimism of live BTC/USD markets. As the above OKCoin BTC/USD weekly futures chart shows, futures have kept trading at rates lower than the ones in live markets throughout the ongoing trading session and are likely set to continue doing so.

Overall, it’s important to highlight that the recovery in bitcoin’s price is happening amid a slow day with not much to see in terms of activity. It’s not surprising that many traders are playing it safe by betting on the price falling away from the recovery but immersive selling pressure just doesn’t seem to be present today in spite of all the preceding bearishness.


https://www.crypto-news.net/bitcoin-price-recovers-above-800-levels/

[Crypto-News]

14.1.2017

Bitcoin Price Recovers to $820 Levels

Bitcoin trading volumes might not be picking up in today’s trading session, prices are certainly undergoing a healthy recovery from sub $800 levels. With resistance overshadowing the future of a more significant price rise though, the potential outlook of this recovery doesn’t seem to positive.

Major Signals

• The markets sentiment seems to have shaken off the apparent bearish signals for now.
• Lower trading volumes come with lower confidence to upward movements BTC/USD follows, especially with such looming resistance.
• BTC/USD rates didn’t move much above $832 levels, with selling pressure pushing the price down each time a price rise was taking shape.

Whole analysis can be read on Crypto-News.net:  https://www.crypto-news.net/bitcoin-price-recovers-to-820-levels/

[Crypto-News]

15.1.2017

Bitcoin Price Manages to Stay Above $800

Bitcoin markets have kept trading above $800 levels in spite of the selling pressure present in the market. While BTC/USD almost fell to $800 at one point, it has since recovered to levels close to $815. It’s definitely noteworthy that support levels might be starting to take shape but with trading volumes lowered so much it’s not a remarkable achievement


Major Signals

• The trading volumes in the latest trading session might be of the lowest 24h ones seen throughout the start of the year, perhaps even since the beginning of the rally.
• Selling pressure is still present in the market but sell walls have been significantly reduced in comparison to preceding trading sessions.
• The recovery from sub $800 levels reached a top of $838 but the price also reached $834 yesterday.

Bitfinex BTC/USD markets showcase how selling pressure is finally backing down. The lack of it becomes apparent when even the largest sell orders can’t break through the relatively weak recently established support level at $800. The fact that volumes are as low certainly has to do with the weakening of selling pressure though.

The market is looking for a new dynamic, but it doesn’t look like another rally would be starting out soon either. Selling pressure becomes felt in the form of resistance whenever bitcoin prices are reaching close to breaking through it.





Futures prices are continuing being pessimistic throughout the recent recovery and today’s trading session was no exception. OKCoin BTC/USD traders apparently fell for the downward spike created by large sell orders in live BTC/USD markets. Not only that, but there also was quite a bit of an exaggeration in the market’s followup as the marginal difference between the two markets only grew bigger with it.


https://www.crypto-news.net/bitcoin-price-manages-to-stay-above-800/

[Crypto-News]

16.1.2017

Bitcoin Price Met With Resistance Below 840 Levels


Bitcoin prices are moved by volatility amid daily trading volumes that are damningly lower than the ones seen throughout the rally. Yet even amid lower volumes traders are facing difficulty pushing the price above resistance levels that have emerged after the fall. Any recovery would be hard under such a setting.


Major Signals

• BTC/USD was seen peaking close to $838, yet resistance already seemed to strong for any further progress.
• The response following the peak was a swift correction, with a downward spike pushing the price back down to $830 levels.
• Following a bottom down to $807 levels, it’s interesting how the market is lead by volatility while managing to keep bitcoin prices within such a range.

The rest of the analysis can be read on Crypto-News.net:  https://www.crypto-news.net/bitcoin-price-met-with-resistance-below-840-levels/

[Crypto-News]

17.1.2017

Bitcoin Price; Set to Climb Above $900?

Bitcoin’s price managed to stay above $870 levels after the recent price recovery and we’re now seeing a continuation to the rise. This time with a substantially large buy order helping the price come closer to $900 levels.

Major Signals

• Whilst the recovery in yesterday’s trading session wasn’t followed up with instant positivity, bitcoin markets now look like they’re set to surpass $900 levels soon.
• Sell walls at $900 levels are substantially large and with weak underlying support breaking through it would be a crucial achievement for the market’s turnout.
• The market’s sentiment might have not looked ready to welcome such a price rise, but the spike’s impact should be judged on the long run, as the preceding rise was successful.

Analysis from https://www.crypto-news.net/bitcoin-price-set-to-climb-above-900/

[Crypto-News]

19.1.2017

Bitcoin Price Volatile After Break Through Resistance

The break through resistance at $900 levels in yesterday’s trading session received a follow up that was quite eventful. BTC/USD rates momentarily felt down to $850 levels but swiftly recovered -and kept trading- around $870. A recent price spike pushed the price back up, close to $900 it didn’t look like the market is ready to welcome another rise above such levels at the time.

Major Signals

• Bitcoin markets didn’t seem to be able to withstand selling pressure from back to back sell orders pushing the price down to $850.
• The fact that this dip follows a break through resistance at $900 levels goes to show that signals of a bearish market sentiment have not gone away.
• Another rise above $900 levels seems unlikely at the moment amid such volatility in spite of weakened resistance.

Read further on:
https://www.crypto-news.net/bitcoin-price-volatile-after-break-through-resistance/

[Crypto-News]

23.1.2017

Bitcoin Price Keeps Trading Near $900 Amid Volatility

Bitcoin markets are lead by a climate of volatility with prices being moved up and down continuously by market forces. A recent downward spike that pushed the price below $900 levels was followed by a correction, with BTC/USD rates currently around $915.

Major Signals

• Whilst bitcoin’s price dipped below $900 levels briefly, the recovery has since managed to keep the price above such levels.
• Upward and downward swings are becoming a more common theme in BTC/USD markets, although the spectrum has shrinked after the recovery from the recent downward spike.
• Underlying support has been weakened substantially especially given that the recent downward spike breached through it.

Keep reading on https://www.crypto-news.net/bitcoin-price-keeps-trading-near-900-amid-volatility/

[Crypto-News]

24.1.2017

Bitcoin Price Corrects Pressured Below $900


A couple of large sell orders pushed BTC/USD rates back to price levels below $900. Bitcoin markets kept on a sideways trading trend throughout the trading session and this recent development appears to have brought a halt to this amid lower trading volumes. The fact that traders aren’t confident in support levels is once again showing.


Major Signals

• The sideways trading trend that dominated BTC/USD markets after prices fell from a spike above $920 levels was brought to a halt by downward spikes.
• The market’s reception to this fall doesn’t seem particularly positive so far as the response didn’t manage to swiftly recover back close to pre-fall levels.
• The confidence of traders seems to have been reduced as the inability to form reliable support levels seems like a common theme in the recent days.

Continue reading on here https://www.crypto-news.net/bitcoin-price-corrects-pressured-below-900/

[600watt]

24.1.2017

Bitcoin Price Corrects Pressured Below $900


A couple of large sell orders pushed BTC/USD rates back to price levels below $900. Bitcoin markets kept on a sideways trading trend throughout the trading session and this recent development appears to have brought a halt to this amid lower trading volumes. The fact that traders aren’t confident in support levels is once again showing.


Major Signals

• The sideways trading trend that dominated BTC/USD markets after prices fell from a spike above $920 levels was brought to a halt by downward spikes.
• The market’s reception to this fall doesn’t seem particularly positive so far as the response didn’t manage to swiftly recover back close to pre-fall levels.
• The confidence of traders seems to have been reduced as the inability to form reliable support levels seems like a common theme in the recent days.

Continue reading on here https://www.crypto-news.net/bitcoin-price-corrects-pressured-below-900/

bitstamp @ $914. imho the bear attack was weak and the support was strong. 

[Crypto-News]

26.1.2017

Bitcoin Price Recovers Back Above $900




Bitcoin markets went through a relatively harsh period of time over the last couple of trading sessions with prices having fallen down below $885 levels. Yet, BTC/USD rates appear to be picking up again as bitcoin’s price rose above $900 once again amid growing trading volumes. However, the perception to the price spike doesn’t seem to be particularly positive.


Major Signals

• Bitcoin traders quickly shook of the overwhelming negativity of the prolonged bearish market sentiment that was keeping the price below $900.
• The recent rise originating from back to back buy orders triggered alarge buy order, pushing the price at $905 levels.
• The market’s reception to the spike above $900 levels was swift and a correction driven by selling pressure is at the time keeping the price at $900 levels.

Continue reading on here https://www.crypto-news.net/bitcoin-price-recovers-back-above-900/

[Crypto-News]

27.1.2017

Bitcoin Price Moves Back Above $915

Bitcoin markets appear to be going through a phase going against the apparent bearish mood over the last few trading sessions. Some support seems to have taken shape as BTC/USD rates are keeping above after the recent recovery, in spite of selling pressure originating from large sell orders.

Major Signals

• After some sideways trading, BTC/USD prices were pushed back above $900 by back to back buy orders.
• The rise seems to be much more organic this time as it happens from several buy orders amid rising trading volumes.
• Post-recovery support has prevented the price from falling below $910 as even large sell orders have failed to cause a price fall pushing BTC/USD under such levels.

Ful analysis on https://www.crypto-news.net/bitcoin-price-moves-back-above-915/

[Crypto-News]

29.1.2017

Bitcoin Price up Amid Lowered Trading Volume

Bitcoin’s price is surely affected by volatility in spite of trading volumes going down in comparison to past trading sessions. BTC/USD markets hardly even breached below $915 only for a top above $920 to be reached only hours later. Pressure at either direction doesn’t seem clear at the point but it doesn’t seem like specific support levels have been identified either.

Major Signals

• While trading volumes have gone lower, BTC/USD markets are enjoying a bit of support above $915 levels whilst selling pressure seems chewed out.
• Volatility seems to be a major factor in the market’s movements in spite of the lack of strong trading volumes yet the range through which the price moves doesn’t seem wide.
• While resistance also doesn’t seem strong it certainly outweighs support levels, setting a hard milestone to break through for significant price rises to take place.

Ful analysis on https://www.crypto-news.net/bitcoin-price-up-amid-lowered-trading-volume/

[lambofan]

28.1.2017

Bitcoin Price up Amid Lowered Trading Volume

Bitcoin’s price is surely affected by volatility in spite of trading volumes going down in comparison to past trading sessions. BTC/USD markets hardly even breached below $915 only for a top above $920 to be reached only hours later. Pressure at either direction doesn’t seem clear at the point but it doesn’t seem like specific support levels have been identified either.

Major Signals

• While trading volumes have gone lower, BTC/USD markets are enjoying a bit of support above $915 levels whilst selling pressure seems chewed out.
• Volatility seems to be a major factor in the market’s movements in spite of the lack of strong trading volumes yet the range through which the price moves doesn’t seem wide.
• While resistance also doesn’t seem strong it certainly outweighs support levels, setting a hard milestone to break through for significant price rises to take place.

Ful analysis on https://www.crypto-news.net/bitcoin-price-up-amid-lowered-trading-volume/

Right, trading volumes have gone lower is mainly due to the Chinese side, to the increase in fees of the exchanges and the celebration of the Chinese year.

[Crypto-News]

30.1.2017

Bitcoin Price Goes Through Downturn Down to $910

Bitcoin’s price is driven by a particularly bearish market sentiment amid the last few hours. Back to back sell orders are becoming the leading force of market movements forcing BTC/USD rates to plunge down to a low around $910.


Major Signals

• BTC/USD markets apparently had a hard time shaking off the bearishness of previous trading sessions.
• In spite of relatively low trading volumes selling pressure forced BTC/USD rates down to $910, breaching purported support at $915 levels.
• The sell order responsible for the price fall breaching $915 levels seems to be particularly large in the setting of today’s trading session, but a recovery seems to be underway.

Full analysis on https://www.crypto-news.net/bitcoin-price-goes-through-downturn-down-to-910/

[Crypto-News]

31.1.2017

Bitcoin Price Goes up Slightly Along with Growing Trading Volumes


Bitcoin markets aren’t moved by any significant trends at the moment but BTC/USD rates are in general moved by a more positive market sentiment that the overall lookout preceding trading sessions had. What’s more interesting though is that bitcoin prices are moving within a very specific margin in spite of an increase in trading volumes.



Major Signals

• BTC/USD rates climbed above $915 and are currently trading above $920 levels after resistance was hit at $920.
• Resistance levels seem remarkably strong at a $930 price point, yet resistance below this level seems comparable to active buy orders in terms of buy/sell walls.
• BTC/USD has come into this state giving an eerie feeling of a sideways trend right after falling slightly below price levels of $915.

Full analysis on https://www.crypto-news.net/bitcoin-price-goes-up-slightly-aling-with-growing-trading-volumes/

[Bitcoin0916]

Completed, it looks like January's prices in the range of $920, expectations that January will reach $1.000 is wrong. I also think that prices in January would be like this, it will not reach the $1.000. Many people expected that when Chinese new passed the price will be high again, but already 3 days passed and there has not been a significant thing.

[Crypto-News]

02.2.2017

Bitcoin Price up by More Than 5% as Buying Pressure Returns


Bitcoin markets are back to featuring rising prices as all of a sudden buying pressure seems to be coming back into play. The positive overturn managed to break through resistance and completely change the market’s mood. With BTC/USD markets now seeming to have come out of a sideways trend, bitcoin’s price is peaking at $975.


Major Signals

• BTC/USD markets made an impressive exit out of the sideways trading trend that seemed to have been going on with a price settled around $920.
• The market’s mood might be shifting but the current outlook seems more like an bull run at the middle of a rally; successfully chewing through resistance.
• While the outcome of such an event might be uncertain, the price rise does seem to have met some resistance above $975.

Full analysis on https://www.crypto-news.net/bitcoin-price-up-by-more-than-5-as-buying-pressure-returns/

[Crypto-News]

03.2.2017

Bitcoin Price Spikes Above $1000 in Remarkable Rally


Bitcoin markets are still affected by the powerful overturn that recently started pushing the price up from $900 levels. BTC/USD rates reached and are currently trading above $1000 amid relatively high 24 hour trading volumes in comparison to previous trading sessions.


Major Signals

• It’s up to question whether or not support would form around current levels after the recent uptrend but there’s still enough buying pressure for the price to stay above $1000.
• The upward spike leading BTC/USD markets above appears to have begun after a dip where the price fell down to $970 levels.
• The uptrend might have been met with resistance at around $1010, but this isn’t something reflected in sell walls so a breakthrough might be just around the corner.

Full analysis on https://www.crypto-news.net/bitcoin-price-spikes-above-1000-in-remarkable-rally/

[Crypto-News]

04.2.2017

Bitcoin Price Keeps Above $1000 in Spite of Selling Pressure


Bitcoin markets are still under the effect of the price rise kickstarted not long ago as the current price rally was taking shape. Some large sell orders have managed to breach below support levels through the last trading session yet buying pressure put prices back on track with swift recoveries above $1000.


Major Signals

• Resistance at $1020 levels still remains unbreached as BTC/USD markets started being overwhelmed with heavy selling pressure when this level was hit.
• Sell walls at $1020 are outweighing buy walls significantly at the moment as the market is probably still being balanced out after the recent downward spikes.
• The momentum of the market projecting further price rises has certainly slowed down but it’s notable that prices are remaining above $1000 levels amid such volumes and resistance.

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

[Crypto-News]

05.2.2017

Bitcoin Price Keeps on Rising Above $1000


Bitcoin markets are driven by a sentiment that keeps on improving its positivity. Whilst a downward price spike might have caused a drop in BTC/USD rated back in February the 3rd, yet the price hasn’t dropped below such levels ever since.


Major Signals

• Selling pressure might have been exhausted throughout preceding trading sessions that were a bit more bearish.
• BTC/USD met resistance at $1040 levels yet with its current momentum breaking through it wouldn’t be surprising.
• Ever since the peak of $1040 was hit, BTC/USD has been settling around $1030 levels, in an outcome that is to be expected following an upward spike like the more recent one.

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