Recovery, then steady as she goes, or so goes another average week of Bitcoin range bound trading. The good news is that BTC did rebound from a $9,300 dip that weighed heavy on Bitcoin enthusiasts, who had begun to give up hope of even the possibility of another major rally toward an All-Time-High (ATH). Such…
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And once again, Bitcoin rises from the ashes, astonishing its critics and advocates alike. When every technical measure on nearly every chart was pointing down, Bitcoin responded appropriately by reversing course and heading upward with new vigor. We may soon have to refer to Bitcoin as the “Comeback Kid”, if this scenario keeps repeating itself.…
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It took one excruciating week, but Bitcoin bulls gradually recovered from a battering by voracious bears, which had driven the digital asset’s value down below $9,500. The analyst community had soured on the token’s sensational past and had consigned itself to waiting for another visit to the lower realms below $9,000. Several reasons were proffered…
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Over the past two months while Bitcoin has been range bound, there have been a multitude of explanations for its sluggishness and inability to leap forward from its $10,000 perch. As for what could happen next, there are just as many predictions, primarily based on technical interpretations of the pricing “tealeaves”, but at times like…
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Concern is growing within the Bitcoin analyst community of late, since its 30-day volatility measure has been dipping from a recent high of nearly 130% to a current low of 64%. BTC has earned a reputation for being the most volatile asset class in history, and for good reason, but its latest descent has confused…
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eToro UK markets analyst, Adam Vettese, has provided his daily commentary on traditional and crypto markets for August 28, 2019. The text below is an excerpt and does not contain the full analysis. Highlights include: Telegram Launches Own Crypto: The crypto will be called ‘Gram’ and act as a decentralised structure, where similar to Bitcoin,…
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Suddenly, Bitcoin “watching” has become boring. There had been some expectations that this weekend might bring a groundswell of support, based on a contentious G7 meeting and the fact that S&P futures were in the toilet, due to tariff wars, but such was not the case. Yes, Bitcoin jumped up on Friday in anticipation of…
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What a difference a week makes, or does not make in the case of Bitcoin’s progress toward a new All-Time-High (ATH). Based on favorable news about the launch of the Bakkt exchange in late September, BTC buyers were numerous at the start of the week, driving prices up to strong resistance at $11,000, only to…
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In our new Internet Age, news cycles often turn over so quickly that yesterday’s storylines are soon forgotten, along with any important dates that could loom large in the future. Such is the case with Bitcoin, and particularly so since price behavior tends to gyrate wildly whenever news event of interest occur. For traders and…
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There is an old trading maxim that veteran traders always abide by, which states that one should never let their emotions convince them that they are smarter than the market. We have all made this mistake. We develop a strategy around a perception of what we sincerely believe the market will do. We establish a…
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