Daily Bitcoin Price Analysis from Crypto-News.net

[Crypto-News]

25.2.2017

Bitcoin Price Rally Stumbles Upon Heavy Selling


One of the largest sell orders was filled through the span of the last trading session. The large size of the sell order in question did manage to cause a drop in BTC/USD rates, but the response of the markets was sufficient to prevent the price from dropping further. However, it’d be safe to say that the uptrend that had been pushing bitcoin’s price even further than all time highs, is now on hold.


Major Signals

• Selling pressure seems to have started coming on board after a surprisingly large sell order.
• Bitcoin prices dropped down below to $1160 levels right after having peaked above $1220.
• So far, buying pressure has been unable to facilitate a full recovery so it’s still up to question if rising will continue.

Full analysis on https://www.crypto-news.net/bitcoin-price-rally-stumbles-upon-heavy-selling/

[Crypto-News]

26.2.2017

Bitcoin Price Falls as Bullish Mood Cools Down


Bitcoin’s price seems to be entering a transitional period as the bullish rising experienced throughout past trading sessions is now in decline. Selling pressure is becoming more apparent while sell orders are for once outweighing buying pressure. Whilst the market didn’t end up into a more widespread sell off, its sentiment has certainly taken a turn for the worse.


Major Signals

• Bitcoin markets are trying to adapt to a shifting market sentiment as bullishness no longer seems to be the market’s leading force.
• BTC/USD rates might have plundered down to $1135 but a recovery back above $1150 levels was swift to come.
• Traders appear to have struggled for a recovery yet the price has once again started heading down, reaching below $1150 once more.

Full analysis on https://www.crypto-news.net/bitcoin-price-falls-as-bullish-mood-cools-down/

[Crypto-News]

27.2.2017

Bitcoin Price Rebounds After Wave of Selling Pressure


Bitcoin markets are going through a recovery phase following a trading session through which selling pressure continued to push prices down. BTC/USD rates went on to trade above $1080 levels but the price has since settled slightly below $1080. This a recovery following a downfall down to $1030 levels.


Major Signals

• Whilst trading volumes are slightly down since yesterday, buying pressure is greater as it contributes to the recovery.
• Whilst the market’s sentiment doesn’t appear to have ushered BTC/USD rates into another rally the recent development is certainly a break from negativity.
• Resistance seems to have formed at levels below $1200 so a recovery back to such levels would require even more buying pressure.

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

[Crypto-News]

28.2.2017

Bitcoin Price Briefly Breaks Through $1200 Resistance


Bitcoin markets took off after having shaken part of the negativity surrounding bitcoin’s price. BTC/USD rates broke through resistance at $1200 levels and even traded above such levels for brief periods of time through the day. Yet, profit taking had sufficient pressure to push bitcoin prices back down to $1190 levels, where the price has currently settled at.


Major Signals

• Bitcoin markets are currently under the influence of volatility as the recent breakthrough has left buying pressure battling against resistance.
• Whilst bitcoin prices briefly went above price levels that were previously subbed as resistance, the market doesn’t appear to have entered an uptrend.
• Large sell orders were triggered right after BTC/USD reached above $1200 for the second time within the day’s trading session.

Full analysis on https://www.crypto-news.net/bitcoin-price-briefly-breaks-through-1200-resistance/

[Crypto-News]

1.3.2017

Bitcoin Price Met with Resistance at $1200


Bitcoin markets are still affected by resistance after the price fall below $1200 levels. Buy pressure is still strong yet price levels seem to be declining whenever met with resistance. Whilst an upward trend pushed BTC/USD rates close to the resistance level, the market’s momentum wasn’t quite enough for a breakthrough to take place.


Major Signals

• Selling pressure is effectively dragging markets into trading sessions through which volatility is a dominant factor.
• Resistance appears to be outweighing support at the time being as the price ends up settling around $1190 levels.
• The market’s inability to break through resistance level is telling for how strong underlying resistance could be.

Full analysis on https://www.crypto-news.net/bitcoin-price-met-with-resistance-at-1200/

[Crypto-News]

2.3.2017

Bitcoin Price Climbs Past $1200 in Bullish Overturn


A bullish mood is back in bitcoin markets as BTC/USD rates rocked past resistance with the help of strong buying pressure. After peaking close to $1230 levels, the price appears to be settling highly above $1200 with no signs of bearishness. Support above what was previously perceived as resistance has already formed too, in a development that propelled markets in a significantly bullish sentiment.


Major Signals

• After selling pressure appeared to have quieted down, immersive buying pressure took off to help BTC/USD rates break right through resistance levels.
• The recent upward spike follows what could now be perceived as a sideways trading trend the markes was going through.
• Support appears to have already formed in such a fashion that would certainly help increase the potential for a future price rise.

Full analysis on https://www.crypto-news.net/bitcoin-price-climbs-past-1200-in-bullish-overturn/

[Crypto-News]

3.3.2017

Bitcoin Price Keeps Climbing Past Resistance Levels


Bitcoin markets are continuing to be bullish as the recent price rise also triggered a sizeable increase in trading volumes. Large buy orders keep pushing the price up, with the market’s reception to the current price rise still being positive. Whilst selling pressure is still present, significant price falls have yet to be recorded amid the current market setting.


Major Signals

• BTC/USD rates kept rising through resistance levels, peaking at a top of $1280, up until selling pressure started having a more significant effect.
• Whilst resistance has proved to be easily broken through, a new level of resistance has been formed at $1280 even after the recent rise.
• Bitcoin markets keep showing off the momentum they currently have through bullish signals as upward spikes keep being welcomed in the market.

Full analysis on https://www.crypto-news.net/bitcoin-price-keeps-climbing-past-resistance-levels/

[Crypto-News]

4.3.2017

Bitcoin Price Volatile After Reaching Close to Resistance


Bitcoin markets have continued pushing prices up as the bullish market sentiment has remained persistent. Yet, throughout the past trading session, the fact that BTC/USD rates had started reaching closer to new resistance levels started a wave of volatility. However, with prices peaking at $1290 levels and selling pressure becoming apparent after that point, the market’s sentiment remains positive even after a small correction.


Major Signals

• Heavy selling pressure came forth but was briefly countered shortly after BTC/USD rates broke above $1290 price levels.
• Support has not managed to form yet, but the price the market settled to after the correction signals a market sentiment that’s still bullish.
• Resistance close to the lower $1290 levels doesn’t seem particularly strong at the moment so another rise wouldn’t be too unlikely.

Full analysis on https://www.crypto-news.net/bitcoin-price-volatile-after-reaching-close-to-resistance/

[Crypto-News]

5.3.2017

Bitcoin Price Stumbles Upon Strong Resistance Below $1300 Levels


First the first time in several days, bitcoin markets are under the effect of a somewhat bearish market sentiment. Traders might have given up on trying to break through new highs after stumbling upon stronger resistance right below $1300 price levels. Strong selling pressure came in to cause a price drop from $1290 down to $1240 price levels.


Major Signals

• The market’s momentum appears to have triggered a surprisingly negative turnout after reaching above $1290 levels.
• Bitcoin prices fell down to $1240 in a matter of hours, all thanks to large and back to back sell orders.
• The market’s reception to the largest downward price spikes was somewhat positive, with a recovery currently having settled the price around $1270 price levels.

Full analysis on https://www.crypto-news.net/bitcoin-price-stumbles-upon-strong-resistance-below-1300-levels/

[Crypto-News]

7.3.2017

Bitcoin Price; Calm Before the Storm?

Bitcoin markets are moving between a specific price range, while trading volumes are at levels similar to past trading sessions. BTC/USD markets are continuing to be slightly positive, yet in spite of the fact that support is starting to be established, no major swings at either direction are affecting markets amid the current market setting.

Major Signals

• With the margin bitcoin prices are looming in being so thin, traders might be expecting another major development to follow up on it
• The established support is already outweighing resistance yet the market’s sentiment isn’t particularly bullish
• Bitcoin markets were affected by certain large sell offs that caused downward spikes but the traders were swift in recovering

Whole analysis: https://www.crypto-news.net/bitcoin-price-calm-before-the-storm/

[Crypto-News]

8.3.2017

Bitcoin Price on Recovery From Sizeable Correction

Large sell orders appear to have put the market’s indecisiveness to an end as “the calm before the storm” ended suddenly with a downward price spike. Traders did follow up to the recent downturn but the price doesn’t seem to be having much potential in reaching back to pre-fall levels.

Major Signals

• Traders might be losing faith into a continuation of the price rise as the prolonged lack of activity eventually led to a price fall
• Markets just keep giving into a more bearish market sentiment after the correction pushed bitcoin prices down below $1200 levels
• The recovery to the downward spikes wasn’t particularly positive as it didn’t give and hints that’d leave much space for hope

Bitfinex BTC/USD charts are indicative of how traders are reacting to the recent price fall. Whilst some might have been expecting such a fall, it seems as though quite a few traders were ready to fight with the newly express bearish mood within bitcoin markets. It seems as though traders were expecting such a major development to follow up on it with more selling pressure. Right now, the outlook of the market hints that there could be a further price fall as even smaller back to back sell orders seem to be having no counter in the last few hours.

OKCoin BTC/USD charts show how the disconnect between futures rates and live BTC/USD prices has only grown further with the recent price fall. Provided that futures traders were proven right about the long term sustainability of recently reached price levels, one would expect that market rates would settle closer to live prices after a fall, yet futures traders continue to be bearish.

Overall, the new wave of bearishness amid bitcoin markets seems to be unwarranted, but not unexpected. Traders seemed to have been expecting a sell off after the recent – and short lived – sideways trading trend, and it seems as though this sell off could kickstart further negativity.

https://www.crypto-news.net/bitcoin-price-on-recovery-from-sizeable-correction/

[Crypto-News]

14.3.2017

Bitcoin Price Boldens Recovery Above $1200 Levels

Bitcoin markets are keeping BTC/USD prices above $1200 levels with buying pressure maintaining a balance amid all the volatility currently ruling markets. Whilst resistance might still be strong, the fact that traders are striving to keep prices above $1200 levels is quite telling, especially amid a market sentiment keeping prices above such levels for hours in spite of strong volatility.

Major Signals

• Bitcoin prices are continuing to trade close to pre-fall levels in spite of support being on a constant fight with selling pressure.
• Downward spikes were countered effectively through the last trading session, with recoveries being relatively swift.
• The market’s sentiment has been relatively neutral, with bitcoin markets seemingly escaping through harsh volatility in the last few hours.

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

[Crypto-News]

15.3.2017

Bitcoin Price on the Rise Above $1200

Bitcoin markets saw prices reach $1250 in the current trading session as back to back buy orders were filled, pushing the price up. Recent hours have support being very limited while bullish orders try to break through resistance levels. The market’s overall sentiment went into being slightly more bullish in the last few hours as the price even rose above $1250 for a moment.

Major Signals

• Buying pressure picked up, pushing prices up from a low of $1220 levels, right after a downward spike.
• The beginning of the rise might have started as a recovery but more support kicked in as it went.
• Prices have now settled at $1250 levels, after rising above such levels saw a correction to current prices.

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

[Crypto-News]

17.3.2017

Bitcoin Price Looming Below $1200 Levels Amid Bearishness

Bitcoin prices apparently had a hard time staying above $1200 price levels after recent developments. While trading volumes remain considerably high, selling pressure is making a return. Bitcoin prices did break below $1200 on several occasions and large sell orders even pushed prices down to $1100 through the today’s trading session.

Major Signals

• BTC/USD rates are volatile within a specific margin as traders are perhaps still indecisive as to what direction the market could follow.
• Bitcoin prices are taking a downturn only days after BTC/USD rates were trading at 1250 levels following a recovery.
• This time around the price fall is much more significant with trading volumes also being up considerably.

Full analysis on https://www.crypto-news.net/bitcoin-price-looming-below-1200-levels-amid-bearishness/

[Crypto-News]

18.3.2017

Bitcoin Price Under Pressure as $1100 Support Is Breached

Bitcoin markets continue being under strong selling pressure as trading volumes have kept going up while prices drop. Sell offs are becoming more significant through time with prices dropping well below $1100 levels through today’s trading session. This mood of overall pessimism is apparently taking bitcoin markets by storm in the last few hours.

Major Signals

• The price fall that’s been going on for a few trading sessions now doesn’t seem to be taking any breaks.
• BTC/USD rates dropped below $1100, down below $1070 levels with selling pressure still being strong.
• Sizeable back to back sell orders are swift in eating through support and outpacing any potential upward swings.

Full analysis on https://www.crypto-news.net/bitcoin-price-under-pressure-as-1100-support-is-breached/

[Crypto-News]

19.3.2017

Bitcoin Price Burdened by Resistance at $1000 Levels

Bitcoin markets still seem to be under pressure from the downturn affecting bitcoin markets since a few days ago. BTC/USD rates continued declining, even reaching below $1000 levels, down to $940. Back to back sell orders are still holding strong in spite of trading volumes having gone slightly down since the peak reached in preceding trading sessions.

Major Signals

• BTC/USD rates are under a volatile siege after the continuation to the market’s bearish mood breached support.
• A return above $1000 levels was attempted but lost the battle with resistance eventually.
• The markets sentiment doesn’t seem to be improving much as a recovery to pre-crash levels seems more unlikely through time.

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

[Crypto-News]

21.3.2017

Bitcoin Price Rebounds After Fall Below $1000

Bitcoin markets were eager to support a recovery above $1000 with selling pressure so far failing to cause another price drop below such levels. BTC/USD rates are now settling slightly below $1050 after having dropped to a low of $1010 during today’s trading session. So far, the decline from high trading volumes has perhaps brought ease in terms of reducing selling pressure.

Major Signals

• Large sell offs are for one being responded with swift recoveries as the decline in selling pressure has brought back some balance in markets.
• Whilst selling pressure is still playing big role amid the current market sentiment, it’s effectively countered by current buying pressure.
• BTC/USD rates seem to be headed back to the post-fall peak as prices appear to be climbing close to $1050 again.

Full analysis on https://www.crypto-news.net/bitcoin-price-rebounds-after-fall-below-1000/

[Crypto-News]

22.3.2017

Bitcoin Price Climbs Past $1000

Bitcoin markets saw BTC/USD rates rise and break through several resistance levels after traders eased with selling pressure. Bitcoin prices managed to climb above $1100 levels and even peaked at $1120 in today’s trading session. Whilst the markets response to the price rise induced some selling pressure, BTC/USD rates did go above $1100 once again.

Major Signals

• Bitcoin prices seem to be driven by back to back buy orders that have so far managed to lead BTC/USD rated to a recovery.
• The market’s reception to the rise hasn’t been particularly bearish as the response didn’t send bitcoin prices below newly reached levels for long.
• Selling pressure  seems to have quieted down while bitcoin markets are seeing a significant rise through the last few hours.

Full analysis on https://www.crypto-news.net/bitcoin-price-climbs-past-1100/

[Crypto-News]

23.3.2017

Bitcoin Price Falls Again After Markets Fail to Sustain $1100 Price Levels

Bitcoin prices are seeing a fall greater than 6% within this trading session, with selling pressure once again becoming a major factor in the market. Price levels above $1100 didn’t seem to remain sustainable for long as few sell orders pushed BTC/USD rates below them, with largest sell orders influencing markets only hours after the breach.

Major Signals

• Markets appear to have given in a bearish takeover after the failure of the recent recovery to be sustained at decently high price levels.
• Traders were instantly alerted by selling pressure as even the slightest downward swing appeared to be having a more major follow up until recent hours.
• Bitcoin prices are now settling around $1030 levels after the recent fall sent prices well below levels it had recovered to.

Full analysis on https://www.crypto-news.net/bitcoin-price-falls-again-after-markets-fail-to-sustain-1100-price-levels/

[Crypto-News]

24.3.2017

Bitcoin Price in Another Bearish Spiral

As of today, a breach through the weak support at $1000 levels was close but was eventually followed by a swift recovery with BTC/USD rates finally settling around a $1010 price point.

Major Signals

• BTC/USD rates fell from a peak above $1050 levels after the weakened selling pressure managed to breach the apparently weaker support.
• It’s not obvious that the market’s sentiment is still not ready to support upward price swings.
• Support at even $1000 levels seems dangerously weak through the recent downturn as the market’s bearish sentiment continues.

Full analysis on https://www.crypto-news.net/bitcoin-price-in-another-bearish-spiral/