Topic: Daily Bitcoin Price Analysis from Crypto-News.net - page 4. (Read 10533 times)

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/

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/

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/

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/

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/

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/

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/

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/

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/

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/

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/

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/

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/

24.2.2017

Bitcoin Price Keeps Rising Closer to All Time High


Bitcoin markets have kept up the bullish market sentiment, pushing prices up in every chance possible. With such a momentum, traders might be setting up for a break through previous all time high prices. While selling pressure sure still hasn’t gone away, it has so far been unable to downplay the ongoing uptrend as downward swings receive swift recoveries.


Major Signals

• BTC/USD rates are going through a bullish price rise in what seems like a prolonged uptrend.
• With traders showcasing how buying pressure is currently running bitcoin markets it wouldn’t be unlikely to see another breakthrough in spite of growing resistance.
• Support for newly reached levels might be taking a while to form but it’s important to note that it’s presence is vital for sustainability.

Full analysis on https://www.crypto-news.net/bitcoin-price-keeps-rising-closer-to-all-time-high/



UPDATE: Bitcoin Price Shoots Past All Time High


Bitcoin markets are going through a historic moment as BTC/USD rates have surpassed previous all time high levels. The ongoing uptrend not only managed to break through resistance, but markets are still showing potential to show support for further price rising. The market’s sentiment remain astoundingly bullish as the price keeps rising with no apparent effect from resistance even after breaking all time highs.


Major Signals

• The market’s sentiment is as bullish as it could be, while the uptrend’s outlook remains optimistic after breaking all time high levels.
• As the price keeps rising beyond the now surpassed all time high, traders continue beating through resistance levels.
• Profit taking has yet to set in but traders seem to be focusing their resources in contributing to the price rise at the moment.

Full analysis on https://www.crypto-news.net/bitcoin-price-shoots-past-all-time-high/

22.2.2017

Bitcoin Price Breaks Through $1100 Amid New Uptrend


The market sentiment that’s currently leading bitcoin markets is certainly influencing traders in a way that’s helping create buying pressure. While trading volumes are going up, BTC/USD rates are also climbing; reaching further above $1100 levels. Selling pressure has so far failed to have a strong impact on the market as back to back buy orders drive the price to a rising pattern.


Major Signals

• Bitcoin price is continuing to rise above $1100 levels after showing potential to reach levels beyond resistance.
• The rise above $1100 has been quite bumpy, yet support is still somehow outweighing resistance.
• The market’s mood has been visibly bullish as responses to negative swings have so far been followed by positive developments.

Full analysis on https://www.crypto-news.net/bitcoin-price-breaks-through-1100-amid-new-uptrend/

21.2.2017

Bitcoin Price Breaks Through Resistance With Price Nearing $1100


BTC/USD rates were uplifted by bullish buy orders in the last few hours as the price reached close to $1100, breaking through identified resistance levels. The recent rise begun with the market adopting a more optimistic mood after a substantially large buy order pushed the price above the previous resistance level of $1070.


Major Signals

• Bitcoin markets are currently adapting to the bullish overturn that back to back buy orders brought forth.
• After the top of was reached around $1097, bitcoin prices stopped rising, only to recover and keeps at prices above $1090.
• Resistance levels seem to have regained some strength as the market reached higher price levels but the market’s current momentum could help surpassing it.

Full analysis on https://www.crypto-news.net/bitcoin-price-breaks-through-resistance-with-price-nearing-1100/

20.2.2017

Bitcoin Price Declining Under Strengthened Selling Pressure


Bitcoin markets seem to have been in decline ever since a top price above $1070 was reached. Buying pressure doesn’t seem to be eager to make a return amid the current market setting as trading volumes are also going down. It seems as though the rise in bitcoin’s price has given into resistance.


Major Signals

• As the price appears to be looming above $1050 following a decline from previously reached levels, a break through resistance keeps looking more unlikely.
• $1070 keeps looking like a resistance level after sell walls below this levels have been growing to a point that breaking through them seems hard at such trading volumes.
• The fact that trading volumes are also in decline could mean than traders are waiting for another major move to set their trading in motion.

Full analysis on https://www.crypto-news.net/bitcoin-price-declining-under-strengthened-selling-pressure/

19.2.2017

Bitcoin Price Reacts to Reaching $1070 Levels


Bitcoin markets are reaching close to the high reached earlier within February. However, the market’s response after the price hit $1070 hasn’t been particularly positive so far. It might be that certain traders were waiting for such a signal to unleash their selling potential, or it could be that that the lack of support has allowed for bearishness to finally poke holes through the positivity.


Major Signals

• While volumes are considerably low for a day that resistance levels are coming close to breaking support didn’t seem to be there.
• Relatively weak selling pressure kept pushing bitcoin’s price down further right after BTC/USD rates touched above $1070.
• In the last few hours selling pressure seems to have gained quite a bit of strength as the market’s sentiment indicated that support wasn’t going to come up at such levels.

Full analysis on https://www.crypto-news.net/bitcoin-price-reacts-to-reaching-1070-levels/

18.2.2017

Bitcoin Price Rises Through Shifting Market Sentiment


Bitcoin prices have kept rising ever since the particularly bullish rush of yesterday’s trading session took off. Bitcoin markets are certainly following an uptrend at the moment as traders are once again pushing bitcoin prices close to the top reached almost 10 days ago; back in February 9, BTC/USD briefly touched above $1070 before selling pressure caused prices to plunge.


Major Signals

• The market’s sentiment seems astoundingly bullish for the first time after a long period of close to no positive developments.
• BTC/USD rates are nearing the rally’s top whilst showcasing some great momentum amidst a market setting that lacks substantial resistance.
• While the price has been driven to such levels through what seems like a price rally, support is still outweighing resistance.

Full analysis on https://www.crypto-news.net/bitcoin-price-rises-through-shifting-market-sentiment/

17.2.2017

Bitcoin Price on the Rise Above $1000


Bitcoin markets are driven by a positive overtake of the market’s sentiment in the last few hours, as bitcoin prices keep rising though a rally of buying pressure. The support for levels above $1000 did indeed set a nice base for a price rise as traders now seem significantly more confident.


Major Signals

• Large buy orders propelled the price up to a $1045 top, showing potential for an even greater price rise.
• Back to back buy orders hindsight some positive change in the market’s sentiment as even the trading session’s biggest upward spikes received bullish followups.
• Bitcoin traders seem determined for another push above today’s top, as a break through resistance seems perfectly feasible at this setting.

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