Daily Bitcoin Price Analysis from Crypto-News.net - page 5.

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16.2.2017

Bitcoin Price Sustained at Levels Above $1000

Bitcoin markets weren’t particularly positive in today’s trading session as the market sentiment doesn’t seem to showcase that of a bearish attitude in spite of the recent recovery. Thankfully, bitcoin prices have stayed above $1000 since the upward spike pushing the price above such levels, and support has been sufficient to keep the price from dropping again. However, no breakthrough seems to be approaching either.

Major Signals

Bitcoin markets are quite volatility but all the price swings are observed within a thin price range for bitcoin’s standards.
While trading volumes are going down, the market might be awaiting another major development to decide what direction is to be followed.
For now, BTC/USD rates appear to be settling around $1015 after the price reached $1018 but failed to break through resistance.

Full analysis on https://www.crypto-news.net/bitcoin-price-sustained-at-levels-above-1000/

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15.2.2017

Bitcoin Price Jumps Above $1000 in Sudden Development

A couple of bullish buy orders appear to have pushed BTC/USD rates above what had previously been dubbed as a resistance level. This is the first time bitcoin’s price reached above $1000 in such a fashion after the price fall and the lack of resistance is remarkable. Perhaps the market’s support preventing the price from dropping further did indeed echaust selling pressure.

Major Signals

Bitcoin prices seem to have easily been pulled out of the bearishness established through preceding trading sessions.
Trading volumes remain at levels close to the ones reached through recent trading sessions yet selling pressure seems to be having less of an effect on the price.
Bitcoin prices appear to be settling above $1010 after the upward spike had a somewhat positive reception from bitcoin traders.

Full analysis on https://www.crypto-news.net/bitcoin-price-jumps-above-1000-in-sudden-development/

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14.2.2017

Bitcoin Price Stumbling Upon Resistance at $1000 Price Levels

BTC/USD markets are having a hard time recovering above $1000, in spite of some support for such price levels coming forward in the last few days. Markets seem to be giving into selling pressure time after time, with the recent downward spike having put bitcoin markets in a position where trading above $1000 seems increasingly less likely amidst growing resistance.

Major Signals

Resistance is actively keeping bitcoin prices below $1000 with selling pressure becoming apparent once such levels are neared.
BTC/USD rates fell to $970 levels though the last trading session after a downward spike caused by big time selling caused a significant price dip.
There might have been a slow recovery since that time, yet the market has so far been unable to defeat resistance sitting at $1000 levels, in spite of attempts to chew through it.

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

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11.2.2017

Bitcoin Price Has a Hard Time Recovering Above $1000

Bitcoin’s price seems to still be affected by the negativity ushered by yesterday’s selling pressure. BTC/USD rates might have recovered from the low levels reached in the preceding but the market’s sentiment isn’t at a particularly high point. The price seems to be having a hard time breaking above $1000 after the dip caused by the recent crash.

Major Signals

BTC/USD rates are still affected by the negativity ushered by large sell orders having a major effect on the market.
Whilst a breakthrough above $1000 was achieved, the reception of this development doesn’t seem to be receiving much support from the market.
The last few hours have been a tad bit more positive with the price recovering from $950 levels to settle around $990.

Full analysis on https://www.crypto-news.net/bitcoin-price-has-a-hard-time-recovering-above-1000/

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10.2.2017

Bitcoin Price Falls Bellow $1000 After Large Sell Off

Selling pressure made BTC/USD rates dip, dropping below $1000 levels and down to $955 levels. The amazingly large sell orders that sent BTC/USD rates down to such levels were remarkably large for the setting trading volumes had contributed for. It’s no wonder that orders of that size impacted the market’s state heavily.

Major Signals

In spite of some support having been established prior to the downward spike, $1000 levels were breached due to the size of the pressuring orders.
The extent of the price drop can still be felt among bitcoin markets as it left bitcoin rates dangling to lower levels with no signs of recovery.
Resistance seems to be growing along with support when it comes to buy/sell walls after the fall as the market still seems indecisive when it comes to following a certain direction.

Full analysis on https://www.crypto-news.net/bitcoin-price-falls-bellow-1000-after-large-sell-off/

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Quote from: leopard2 on February 09, 2017, 08:46:30 PM

Yep the whale is Chinese trying to cash out before PBOC shocks the market

I wonder if the whale is connected to Chinese government? Mega pump and dump?

if there are any mega dump before mega pump, then traders will be worried and want to save their bitcoin first or just to keep in their wallet until the price is back. maybe the whale is connected to chinese government since we don't know the truth and we only see what is going on in the market.

leopard2

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Yep the whale is Chinese trying to cash out before PBOC shocks the market

I wonder if the whale is connected to Chinese government? Mega pump and dump?

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09.2.2017

Bitcoin Price Recovers from Large Downward Spike

A whale seems to have gotten hold of bitcoin markets as a particularly large sell order sent bitcoin prices down from $1070 to $1020 levels. Prices have since then recovered to levels closer to $1050 but with bearish tendencies as selling pressure and profit taking seem to have awoken amid the current setting and higher trading volumes.

Major Signals

Trading volumes have increased in comparison to what preceding trading sessions seemed like but this increase also seems to have taken selling pressure with it.
BTC/USD might have reached close to $1070, yet the follow up to this development was a substantially large downward spike that likely caused by a bearish whale.
The market has since recovered yet the bearish mood introduced after the spike still leaves a bitter taste.

Full analysis on https://www.crypto-news.net/bitcoin-price-recovers-from-large-downward-spike/

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08.2.2017

Bitcoin Price Keeps Rallying Above $1050

Bitcoin markets keep being particularly bullish in the recent trading sessions. It only took a few hours for BTC/USD rates to reach above $1050 after resistance levels were hit at prices around $1047 levels. From there on, buying pressure seems to be outpacing selling pressure. However, support didn’t come up right away, this way allowing large sell orders to pierce below $1050 levels. Yet, BTC/USD rates have reached above $1060 since then.

Major Signals

Bitcoin markets once again appear to be under the influence of a bullish overturn, as the price shot up only after a few hours with lack of positive activity.
The initial signal pushing the price above $1050 was initiated by a price spike caused by large by few orders.
The market’s reception is particularly positive, responding to the rise with further positivity and back to back buy orders breaking through resistance at higher levels.

Full analysis on https://www.crypto-news.net/bitcoin-price-keeps-rallying-above-1050/

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07.2.2017

Bitcoin Price Nears $1050 Once Again

BTC/USD markets seem to have exhausted selling pressure as in spite of the price reaching below $1000 yesterday whilst under immersive sell orders, bitcoin’s price is now nearing $1050. While some resistance is certainly nested at such levels, the current momentum of the market seems to have established a good base to break through it.

Major Signals

Following yesterday’s slight breach of support, buying orders are now most definitely outpacing selling pressure.
The force leading the market up to a top of $1048 levels seems to have been lead by several large back to back buy orders that lead to this point.
Whilst the rise was met with resistance at this top, it could regain strength to support such levels this way setting the base for a potential future breakthrough.

Full analysis on https://www.crypto-news.net/bitcoin-price-nears-1050-once-again/

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Quote from: 600watt on February 06, 2017, 04:51:25 AM

i think your analysis are generally too bearish. $1k showed good support several times. today price will rise, imho. (please tell me if you get bothered by my posts, i will stop doing this Wink

)

You can post your opinion, why not.

600watt

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i think your analysis are generally too bearish. $1k showed good support several times. today price will rise, imho. (please tell me if you get bothered by my posts, i will stop doing this Wink

)

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06.2.2017

Bitcoin Price Hit by Selling Pressure

Bitcoin markets appear to have started giving into selling pressure as the peak at $1040 was only followed by a general drop in BTC/USD rates. Large sell orders caused major drops in bitcoin prices with BTC/USD rates going as low as $995. The recovery back to $1000 levels might have been swift but the overall change in the market’s sentiment becomes apparent and could be indicative of how traders might have expected better.

Major Signals

Support for $1000 levels has by now been chewed through by the recent wave of selling pressure.
Resistance has certainly outpaced the already substantially weakened support, something that’d surely affect the sentiment of upcoming trading sessions.
A continuation to the price rise that began through this rally seems significantly harder now as the rally might even be coming to an end.

Full analysis on https://www.crypto-news.net/bitcoin-price-hit-by-selling-pressure/

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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/

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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/

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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/

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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/

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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.

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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/

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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/

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