Bitcoin Price Analysis

[shaadsufi]

These analysis does not work according to what it was expected to be but now I am sure market will recover and we will see uptrend for bitcoin soon and may be we see an all time high again.

[Alex077]

Bitcoin Price Analysis: Is Correction Ended?

For traders actively trading bitcoins the main intrigue of the previous week was the downward trend line formed on the four-hour chart. Several times the price reached it, followed by massive sales and updates of the local minimum. However, on the afternoon of Sunday there was a breakdown, and bitcoin rose to a level of $ 8,500.

We will assume that the price won't leave lower than $8000 and we move to the region of $10 000 with the subsequent continuation of growth to $11 700. That is in a global layout nothing changes...https://en.bit.news/bitcoin-price-analysis-correction-ended/

Here's how the breakdown of the local trend line looks on the four-hour chart:

             

 

[ss890]

I guess $11,000 is too high for bitcoin to break the resistance. First it need to go through the 9,000 USD window so that it can go on the safe side. Lets not forget that last time it did try to reach those numbers but literally failed at 9,000 USD and dropped all the way down to 8,000 USD window. It is still surprising that how it is difficult for the BTC to regain the dominance these days. We cant see good up surges as long as market updates are clean like drinking water!

One of the article that I read says that, it just have to break the wall of 8,700-8,900 to go ahead of the 9,000 USD and reach the prices above 10,000 USD. We better see it coming in the next week or so otherwise we will be in shadow where we will have to be little worried about its dominance.

[Alex077]

Bitcoin Price Analysis: Triangle Trading

The past week passed with the advantage of bears. Bulls failed to succeed, despite the fact that the weekly candle was potentially reversal and, at the very least, did not anticipate such a strong decline.



The option with a flat triangle has implemented (its upper bound has shown by a red dotted line). Bulls will not activizate to bleak the levels of $ 6,700 - 6800. There are set take-profits and large volumes to buy, so price will break through 7000. Then bitcoin price quickly drop into the zone $ 6700-6800 and rebound strongly. Then the target will be the level of $ 8300-8500, which is the upper edge of the flat triangle...https://en.bit.news/bitcoin-price-analysis-triangle-trading/

[4abrec]

This week, unfortunately, too, the downtrend tends to fulfill its objectives, at a time when all crypto society is waiting for the rise of the course. I think the fall will not be long and very soon we will watch the game of whales.

[Alex077]

Bitcoin Price Analysis: Groundhog Day

As expected, last week ended in favor of the bears. The weekly candle has a bearish body, which deprives any bulls optimism. About the next possible scenarios Bit.News talk you below.

The level of $5900 to which the price trades, exactly here now is clearly visible and long-term support locates.

On the daily chart, you can see the breakdown of the global triangle. Last week, the price reached a minimum around $ 6,100 and on thursday threw a strong momentum up almost 10%. The trend turned out to be really local, the momentum moved to flat, and then again a gradual decline began.
The breakdown of the triangle turned out to be classical: breakdown - going down - returning and further smooth decrease was started over again.



A long time the movement of the main coin repeats in fact the same patterns, reminding "Groundhog Day": the fast impulse up which buyers join the schedule takes further the plateau form, the price moves in the narrow range then there is a bigger falling...https://en.bit.news/8129-2/

[alminium]

You do not rely on negative news, you read it but you do not want to be affected so you still see the positive side even though you are hurt because you see the value of your investment decreases. That if you can start buying from now then you can easily get the best average price for Bitcoin and after you got Bitcoin with some good entry points then you can easily hold it until the trend happens on the Bitcoin price chart.

[Alex077]

Despite The Hack Of Bithumb: Bitcoin Moves Smoothly To The Mark Of $ 7000

Despite the extremely negative news, bitcoin price  is still in the uptrend and is heading to around $ 7000.

Right after emergence of news about hack of the second-lagest cryptoexchange in South Korea, Bithumb (with $ 31 millions loose), bitcoin price fell approximately for $200(from $6740 to $6560).
Nevertheless, "digital gold" currently trading at $ 6,600 and is not going to radically change the direction of movement. The average weighted price of bitcoin in the last 24 hours has decreased only by 1.5%.+

Currently, the bitcoin price is just above the 50EMA, which passes through the mark of $ 6545...https://en.bit.news/despite-hack-bithumb-bitcoin-moves-smoothly-mark-7000/

[Alex077]

Bitcoin Price Analysis: Panic Among The “Hamsters”

As expected, last week did not bring positive to the bulls - the price of the first cryptocurrency fell to the values ​​of November last year. At the same time, the market sentiment indicator of the Fear & Greed Index indicates a worsening of anxiety among cryptocurrency investors.

The one-day candle again closed below its opening and the "huge black cloud" continues to hang over the graph of the main coin. However, there were also a positive: the price did not dive below the nine-month low. The price traded at the level $ 5750-5800 and then recovered.


It is interesting that the rebound occurred after the news that the trustees of MtGox will no longer sell bitcoins, and in six months they will distribute them to their owners. What does it mean? This means that almost 150 thousand bitcoins will no longer fever the stock exchanges, many will put them "in the hold," someone will sell, bypassing the exchange, etc. In any case, a one-time "plum" on the exchange in the amount of 5-15000 BTC is practically are excluded and will no longer exert pressure on the market...https://en.bit.news/bitcoin-price-analysis-panic-among-hamsters/

[code]

for a long time I have been working with this method of analysis and noticed that it gives good results if you are impartial

[Alex077]

Bitcoin Price Analysis: On The Way To A Multi-Month Resistance

Last week, as predicted in the prewiev analysis, culminated in growth. Still, on a weekly time frame, the reversal candles work perfectly.

The closing level of the week was about $ 200 higher than the opening level. Despite such a small difference, the movements inside the day were quite powerful and interesting.

         

However, the nearest growth target is not met, the level of resistance and accumulation of shorts is slightly higher - in the $ 6900- $ 7100 zone. This week I expect the price to rise to this level.

The chart below illustrates a blue rectangle - this is a sales area where shorts will begin to accumulate and the price will likely rebound with a high probability...https://en.bit.news/bitcoin-price-analysis-way-multi-month-resistance/

[stadus]

Bitcoin Price Analysis: On The Way To A Multi-Month Resistance

Last week, as predicted in the prewiev analysis, culminated in growth. Still, on a weekly time frame, the reversal candles work perfectly.

The closing level of the week was about $ 200 higher than the opening level. Despite such a small difference, the movements inside the day were quite powerful and interesting.

         

However, the nearest growth target is not met, the level of resistance and accumulation of shorts is slightly higher - in the $ 6900- $ 7100 zone. This week I expect the price to rise to this level.

The chart below illustrates a blue rectangle - this is a sales area where shorts will begin to accumulate and the price will likely rebound with a high probability...https://en.bit.news/bitcoin-price-analysis-way-multi-month-resistance/

Thanks for sharing, I am not good in reading charts so I might check your prediction here.
I just really like to see another bull run and I am hoping it will be possible for this year, what do you think we need in order to achieve it?

[Crypt2GO]

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[Reatim]

Bitcoin Price Analysis: On The Way To A Multi-Month Resistance

Last week, as predicted in the prewiev analysis, culminated in growth. Still, on a weekly time frame, the reversal candles work perfectly.

The closing level of the week was about $ 200 higher than the opening level. Despite such a small difference, the movements inside the day were quite powerful and interesting.

.. snip ..

However, the nearest growth target is not met, the level of resistance and accumulation of shorts is slightly higher - in the $ 6900- $ 7100 zone. This week I expect the price to rise to this level.

The chart below illustrates a blue rectangle - this is a sales area where shorts will begin to accumulate and the price will likely rebound with a high probability...https://en.bit.news/bitcoin-price-analysis-way-multi-month-resistance/

Thanks for sharing, I am not good in reading charts so I might check your prediction here.
I just really like to see another bull run and I am hoping it will be possible for this year, what do you think we need in order to achieve it?

To be honest, I don't see any bull runs at the end of the year. Worst, this whole drama of Bitcoin Cash might still be negatively affecting us as I'm expecting the price to continue to go down as their war is not over. In order to achieved a bull run, we need something to trigger it, might be Bakkt or ETF approval, but that is still up in the air and no one will know when the SEC will approve the CBoE ETF.

[jambul_kribo]

Bitcoin Price Analysis: On The Way To A Multi-Month Resistance

Last week, as predicted in the prewiev analysis, culminated in growth. Still, on a weekly time frame, the reversal candles work perfectly.

The closing level of the week was about $ 200 higher than the opening level. Despite such a small difference, the movements inside the day were quite powerful and interesting.

.. snip ..

However, the nearest growth target is not met, the level of resistance and accumulation of shorts is slightly higher - in the $ 6900- $ 7100 zone. This week I expect the price to rise to this level.

The chart below illustrates a blue rectangle - this is a sales area where shorts will begin to accumulate and the price will likely rebound with a high probability...https://en.bit.news/bitcoin-price-analysis-way-multi-month-resistance/

Thanks for sharing, I am not good in reading charts so I might check your prediction here.
I just really like to see another bull run and I am hoping it will be possible for this year, what do you think we need in order to achieve it?

To be honest, I don't see any bull runs at the end of the year. Worst, this whole drama of Bitcoin Cash might still be negatively affecting us as I'm expecting the price to continue to go down as their war is not over. In order to achieved a bull run, we need something to trigger it, might be Bakkt or ETF approval, but that is still up in the air and no one will know when the SEC will approve the CBoE ETF.

unfortunately BAKKT trading postponed till january 24.if this launched right now maybe it could be trigger for bitcoin and crypto price recovered and defend from bearish trend.BCH war really make all people disappointed.

[CryptoIyke]

Bitcoin and Cryptocurrencies in general have captured a lot of interest this year and I just finished watching on television about the crash to $4500 so recorded this week. I have equally been of the opinion that any drop below the $6000 support will further result in more downtrend

[beerlover]

To be honest, I don't see any bull runs at the end of the year. Worst, this whole drama of Bitcoin Cash might still be negatively affecting us as I'm expecting the price to continue to go down as their war is not over. In order to achieved a bull run, we need something to trigger it, might be Bakkt or ETF approval, but that is still up in the air and no one will know when the SEC will approve the CBoE ETF.

Same here, if we really want to be realistic with the way the market is going, even if we are going to see any serious movement upward, there would only be some little possibility of seeing the market consolidating between $3000 and $5000 for a while before we start seeing any major increase in value.

Anything that would bring about any sharp increase in the price of bitcoin right now would rather end up being a fantastic news that could bring about some crazy level of adoption, but at the same time, we still have to realize that the institutions really want to enter the market, and they have a chance of letting this play out until they are all in.

[Ranly123]

Bitcoin Price Analysis: On The Way To A Multi-Month Resistance

Last week, as predicted in the prewiev analysis, culminated in growth. Still, on a weekly time frame, the reversal candles work perfectly.

The closing level of the week was about $ 200 higher than the opening level. Despite such a small difference, the movements inside the day were quite powerful and interesting.

.. snip ..

However, the nearest growth target is not met, the level of resistance and accumulation of shorts is slightly higher - in the $ 6900- $ 7100 zone. This week I expect the price to rise to this level.

The chart below illustrates a blue rectangle - this is a sales area where shorts will begin to accumulate and the price will likely rebound with a high probability...https://en.bit.news/bitcoin-price-analysis-way-multi-month-resistance/

Thanks for sharing, I am not good in reading charts so I might check your prediction here.
I just really like to see another bull run and I am hoping it will be possible for this year, what do you think we need in order to achieve it?

To be honest, I don't see any bull runs at the end of the year. Worst, this whole drama of Bitcoin Cash might still be negatively affecting us as I'm expecting the price to continue to go down as their war is not over. In order to achieved a bull run, we need something to trigger it, might be Bakkt or ETF approval, but that is still up in the air and no one will know when the SEC will approve the CBoE ETF.

unfortunately BAKKT trading postponed till january 24.if this launched right now maybe it could be trigger for bitcoin and crypto price recovered and defend from bearish trend.BCH war really make all people disappointed.

With the BAKKT postponed, we might just end up dragging into this till next year and we might hit the bottom at least before the end of the year, while getting to see the market play out in a good fashion of consolidation till towards the end of the month.

BAKKT simply would have been a very good trigger for the market before December 12, so in a way, we just get to see how things would end up panning out from here now. Although for me, it is the same thing as usual, which is to keep accumulating the dips, whether Bakkt hits the market or not.

Is BAKKT really that important to trigger another bullrun for Bitcoin and other cryptocurrencies? Nevertheless, I was only hoping for this dip to stop and even slowly accumulating some rise in the price in the market.