Topic: Daily Bitcoin Price Analysis from Crypto-News.net - page 6. (Read 10543 times)

Right, trading volumes have gone lower is mainly due to the Chinese side, to the increase in fees of the exchanges and the celebration of the Chinese year.

29.1.2017

Bitcoin Price up Amid Lowered Trading Volume

Bitcoin’s price is surely affected by volatility in spite of trading volumes going down in comparison to past trading sessions. BTC/USD markets hardly even breached below $915 only for a top above $920 to be reached only hours later. Pressure at either direction doesn’t seem clear at the point but it doesn’t seem like specific support levels have been identified either.

Major Signals

• While trading volumes have gone lower, BTC/USD markets are enjoying a bit of support above $915 levels whilst selling pressure seems chewed out.
• Volatility seems to be a major factor in the market’s movements in spite of the lack of strong trading volumes yet the range through which the price moves doesn’t seem wide.
• While resistance also doesn’t seem strong it certainly outweighs support levels, setting a hard milestone to break through for significant price rises to take place.

Ful analysis on https://www.crypto-news.net/bitcoin-price-up-amid-lowered-trading-volume/

27.1.2017

Bitcoin Price Moves Back Above $915

Bitcoin markets appear to be going through a phase going against the apparent bearish mood over the last few trading sessions. Some support seems to have taken shape as BTC/USD rates are keeping above after the recent recovery, in spite of selling pressure originating from large sell orders.

Major Signals

• After some sideways trading, BTC/USD prices were pushed back above $900 by back to back buy orders.
• The rise seems to be much more organic this time as it happens from several buy orders amid rising trading volumes.
• Post-recovery support has prevented the price from falling below $910 as even large sell orders have failed to cause a price fall pushing BTC/USD under such levels.

Ful analysis on https://www.crypto-news.net/bitcoin-price-moves-back-above-915/

26.1.2017

Bitcoin Price Recovers Back Above $900




Bitcoin markets went through a relatively harsh period of time over the last couple of trading sessions with prices having fallen down below $885 levels. Yet, BTC/USD rates appear to be picking up again as bitcoin’s price rose above $900 once again amid growing trading volumes. However, the perception to the price spike doesn’t seem to be particularly positive.


Major Signals

• Bitcoin traders quickly shook of the overwhelming negativity of the prolonged bearish market sentiment that was keeping the price below $900.
• The recent rise originating from back to back buy orders triggered alarge buy order, pushing the price at $905 levels.
• The market’s reception to the spike above $900 levels was swift and a correction driven by selling pressure is at the time keeping the price at $900 levels.

Continue reading on here https://www.crypto-news.net/bitcoin-price-recovers-back-above-900/

bitstamp @ $914. imho the bear attack was weak and the support was strong. 

24.1.2017

Bitcoin Price Corrects Pressured Below $900


A couple of large sell orders pushed BTC/USD rates back to price levels below $900. Bitcoin markets kept on a sideways trading trend throughout the trading session and this recent development appears to have brought a halt to this amid lower trading volumes. The fact that traders aren’t confident in support levels is once again showing.


Major Signals

• The sideways trading trend that dominated BTC/USD markets after prices fell from a spike above $920 levels was brought to a halt by downward spikes.
• The market’s reception to this fall doesn’t seem particularly positive so far as the response didn’t manage to swiftly recover back close to pre-fall levels.
• The confidence of traders seems to have been reduced as the inability to form reliable support levels seems like a common theme in the recent days.

Continue reading on here https://www.crypto-news.net/bitcoin-price-corrects-pressured-below-900/

23.1.2017

Bitcoin Price Keeps Trading Near $900 Amid Volatility

Bitcoin markets are lead by a climate of volatility with prices being moved up and down continuously by market forces. A recent downward spike that pushed the price below $900 levels was followed by a correction, with BTC/USD rates currently around $915.

Major Signals

• Whilst bitcoin’s price dipped below $900 levels briefly, the recovery has since managed to keep the price above such levels.
• Upward and downward swings are becoming a more common theme in BTC/USD markets, although the spectrum has shrinked after the recovery from the recent downward spike.
• Underlying support has been weakened substantially especially given that the recent downward spike breached through it.

Keep reading on https://www.crypto-news.net/bitcoin-price-keeps-trading-near-900-amid-volatility/

19.1.2017

Bitcoin Price Volatile After Break Through Resistance

The break through resistance at $900 levels in yesterday’s trading session received a follow up that was quite eventful. BTC/USD rates momentarily felt down to $850 levels but swiftly recovered -and kept trading- around $870. A recent price spike pushed the price back up, close to $900 it didn’t look like the market is ready to welcome another rise above such levels at the time.

Major Signals

• Bitcoin markets didn’t seem to be able to withstand selling pressure from back to back sell orders pushing the price down to $850.
• The fact that this dip follows a break through resistance at $900 levels goes to show that signals of a bearish market sentiment have not gone away.
• Another rise above $900 levels seems unlikely at the moment amid such volatility in spite of weakened resistance.

Read further on:
https://www.crypto-news.net/bitcoin-price-volatile-after-break-through-resistance/

17.1.2017

Bitcoin Price; Set to Climb Above $900?

Bitcoin’s price managed to stay above $870 levels after the recent price recovery and we’re now seeing a continuation to the rise. This time with a substantially large buy order helping the price come closer to $900 levels.

Major Signals

• Whilst the recovery in yesterday’s trading session wasn’t followed up with instant positivity, bitcoin markets now look like they’re set to surpass $900 levels soon.
• Sell walls at $900 levels are substantially large and with weak underlying support breaking through it would be a crucial achievement for the market’s turnout.
• The market’s sentiment might have not looked ready to welcome such a price rise, but the spike’s impact should be judged on the long run, as the preceding rise was successful.

Analysis from https://www.crypto-news.net/bitcoin-price-set-to-climb-above-900/

16.1.2017

Bitcoin Price Met With Resistance Below 840 Levels


Bitcoin prices are moved by volatility amid daily trading volumes that are damningly lower than the ones seen throughout the rally. Yet even amid lower volumes traders are facing difficulty pushing the price above resistance levels that have emerged after the fall. Any recovery would be hard under such a setting.


Major Signals

• BTC/USD was seen peaking close to $838, yet resistance already seemed to strong for any further progress.
• The response following the peak was a swift correction, with a downward spike pushing the price back down to $830 levels.
• Following a bottom down to $807 levels, it’s interesting how the market is lead by volatility while managing to keep bitcoin prices within such a range.

The rest of the analysis can be read on Crypto-News.net:  https://www.crypto-news.net/bitcoin-price-met-with-resistance-below-840-levels/

15.1.2017

Bitcoin Price Manages to Stay Above $800

Bitcoin markets have kept trading above $800 levels in spite of the selling pressure present in the market. While BTC/USD almost fell to $800 at one point, it has since recovered to levels close to $815. It’s definitely noteworthy that support levels might be starting to take shape but with trading volumes lowered so much it’s not a remarkable achievement


Major Signals

• The trading volumes in the latest trading session might be of the lowest 24h ones seen throughout the start of the year, perhaps even since the beginning of the rally.
• Selling pressure is still present in the market but sell walls have been significantly reduced in comparison to preceding trading sessions.
• The recovery from sub $800 levels reached a top of $838 but the price also reached $834 yesterday.

Bitfinex BTC/USD markets showcase how selling pressure is finally backing down. The lack of it becomes apparent when even the largest sell orders can’t break through the relatively weak recently established support level at $800. The fact that volumes are as low certainly has to do with the weakening of selling pressure though.

The market is looking for a new dynamic, but it doesn’t look like another rally would be starting out soon either. Selling pressure becomes felt in the form of resistance whenever bitcoin prices are reaching close to breaking through it.





Futures prices are continuing being pessimistic throughout the recent recovery and today’s trading session was no exception. OKCoin BTC/USD traders apparently fell for the downward spike created by large sell orders in live BTC/USD markets. Not only that, but there also was quite a bit of an exaggeration in the market’s followup as the marginal difference between the two markets only grew bigger with it.


https://www.crypto-news.net/bitcoin-price-manages-to-stay-above-800/

14.1.2017

Bitcoin Price Recovers to $820 Levels

Bitcoin trading volumes might not be picking up in today’s trading session, prices are certainly undergoing a healthy recovery from sub $800 levels. With resistance overshadowing the future of a more significant price rise though, the potential outlook of this recovery doesn’t seem to positive.

Major Signals

• The markets sentiment seems to have shaken off the apparent bearish signals for now.
• Lower trading volumes come with lower confidence to upward movements BTC/USD follows, especially with such looming resistance.
• BTC/USD rates didn’t move much above $832 levels, with selling pressure pushing the price down each time a price rise was taking shape.

Whole analysis can be read on Crypto-News.net:  https://www.crypto-news.net/bitcoin-price-recovers-to-820-levels/

13.1.2017

Bitcoin Price Recovers Above $800 Levels



Bitcoin’s price is finally starting to look up again as selling pressure seems to have backed down in the latest trading session. After BTC/USD reached a bottom at around $750 levels, a recovery back above $800 levels was achieved while resistance was weak.


Major Signals

• The recent recovery certainly doesn’t look like a bullish overturn but it’s nevertheless a positive indicator as it showcases how BTC/USD markets wouldn’t remain in a permabear state.
• The rise above $800 levels happened amid a period of relatively low volumes but large sell orders have since moved the price below $800.
• The lack of selling pressure apparently didn’t last that long, which serves as an indicator that a bearish market sentiment is still at large.

Bitfinex BTC/USD charts showcase how the market is still flirting with $800 after the recent downward spike leading the price much lower than the recovery’s level. Such market movements are certainly to be expected when a price rise takes place in a market whose sentiment was overly bearish hours ago.

Yet, the fact that some buying pressure is finally making its presence felt at levels around $800 goes to show that at least some traders might have reached a point at which more price falls would be unlikely.





Futures charts make it astoundingly apparent that futures traders are not buying in the fresh optimism of live BTC/USD markets. As the above OKCoin BTC/USD weekly futures chart shows, futures have kept trading at rates lower than the ones in live markets throughout the ongoing trading session and are likely set to continue doing so.

Overall, it’s important to highlight that the recovery in bitcoin’s price is happening amid a slow day with not much to see in terms of activity. It’s not surprising that many traders are playing it safe by betting on the price falling away from the recovery but immersive selling pressure just doesn’t seem to be present today in spite of all the preceding bearishness.


https://www.crypto-news.net/bitcoin-price-recovers-above-800-levels/

12.1.2017

Bitcoin Price Undergoes Hard Downturn

Whales ended yet another sideways trading trend with sudden price spikes. This time selling pressure breached even pre-rally support levels with the market showing no signs of return so far as bitcoin prices fell from $900 to $760 levels.


Major Signals

• BTC/USD markets were plagued by immersive selling pressure lead by just a few large sell orders.
• Bitcoin markets keep giving in the bearish mood paved by big players within the span of the ongoing trading session.
• Support levels are non existent and the market’s response to downward spikes doesn’t seem particularly exciting.

Bitfinex BTC/USD charts make it clear that the market’s sentiment was given no chance to recover after the short lived sideways trading trend of the previous trading session. With bitcoin volumes rising to levels almost double than yesterday’s, BTC/USD markets have seen nothing but expanded selling pressure, with a remarkable tendency to push down bitcoin’s price amid the current market sentiment.

The lack of support by traders is quite astounding, athe the fact that bitcoin rates have already surpassed a fall greater than 15% makes it feel than even a mid term recovery would be unlikely. Thankfully buy walls seem substantial exactly at the $760 level but with such immersive sell orders being filled it wouldn’t be unlikely to see another breach.





Futures markets are head on pessimistic at the moment. As seen in the above OKCoin BTC/USD weekly futures chart, futures traders are exaggerating the downfall in bitcoin’s price by a margin between live BTC/USD markets greater than the ones seen in recent trading sessions, especially after the rally’s end.

While bitcoin markets seems overly bearish, it’s important to look back at long term pre-rally bitcoin price levels. BTC/USD rates have returned to levels bitcoin was trading at before December. While the more recent falls might not mark the end of the long term uptrend that holds its roots back in mid 2015, but its certainly not a good sign for its purported sustainability.


https://www.crypto-news.net/bitcoin-price-undergoes-hard-downturn/

10.1.2017

Bitcoin Price Keeps Being Moved by Volatility

Bitcoin markets are still adapting to the post-rally scene but the market’s mood keeps swinging from one direction to another without much regard to outside signals. Traders don’t seem to be entertained by price movements as trading volumes have only kept dropping in the last few days.



Major Signals

• Bitcoin’s price kept dropping until it fell down to $980, with buying pressure seemingly unable to exhaust resistance up to this point.
• The recovery from the most recent drop seemed to be followed by a response of back to back buy orders, pushing the price up to $918.
• This upward spike was followed by a quick correction, settling the price closer to $910 levels.

As trading volumes wear off through time, the market’s sentiment remains relatively bearish as exhausting selling pressure with such resistance keeps feeling harder. The market might have moved away from sideways trailing yet the direction it’s going to follow only seems more uncertain now.

https://www.crypto-news.net/bitcoin-price-keeps-being-moved-by-volatility/

9.1.2017

Bitcoin Price Moves Through Price Spikes Amid Volatility

An apparent sideways trend has been driving bitcoin’s price in spite of volatility that naturally follows the downward spikes and breach of supposed levels after the rally. The current market sentiment has moved a step away from being increasingly bearish but support levels have not been established yet.

Major Signals

• Bitcoin markets seem to be settling at levels around $900 in site of occasional breaches to this level.
• Further price falls don’t seem too unlikely amid such a market sentiment as traders don’t seem confident to stand behind apparent support levels.
• Recoveries from sub $900 levels happened several times throughout the day so it’d be safe to say that BTC/Usd market might be trying to stay away from further significant price falls.

Bitfinex BTC/USD charts are indicative of the divide in the market. While resistance is strong at levels above $900 the price has climbed above this level several times throughout the day. While a price rise would seem unlikely with such resistance and amid the current market sentiment many traders are certainly counting on an end to the decline.

However, even after several ups and downs the market can’t seem to decide upon a certain pattern. The most recent drop pushed BTC/USD down to levels lower than all the previous downward spikes that had been recovered from. This is indicative that selling pressure isn’t backing down and several traders feel the need to try their hands in profit taking even after the rally.



As seen in the above OKCoin BTC/USD weekly futures chart, while futures traders weren’t amused by the volatility of live markets, the more recent downward spike appears to have received an exaggerated follow up. This points to the harsh reality that many traders aren’t confident that the decline in bitcoin’s price would stop soon.

All in all, the market’s sentiment might have gotten away from the overly bearish mood when the price couldn’t stop falling but BTC/USD markets have certainly not shaken off the negativity.

7.1.2017

Bitcoin Price Gives Into Bearish Signals

Bitcoin markets have gotten quite the downturn after whales unloaded large sums of bitcoins shortly after the market’s peak. Ever since that peak at $1166, the market appears to have given in to the pressure that hindsight the current downward pattern with large sell orders. Trading volumes have also begun going down, so it’d be safe to assume that BTC/USD rates might be settling at such levels.

Major Signals

• The marke’s sentiment is bearish after quite some time that BTC/USD markets were abstaining from giving in to bearish signals.
• Traders are perhaps starting to believe that this downturn could mark the end of the market’s rising pattern, as prices didn’t stay above $1000 in spite of an attempted recovery.
  
• BTC/USD rates are having trouble staying above $900 as the downturn appears to be continuing.

Whole analysis available on https://www.crypto-news.net/bitcoin-price-gives-into-bearish-signals/

6.1.2017

Bitcoin Price Goes Through Harsh 15% Correction With Trading Volumes Through the Roof

BTC/USD markets were shaken all about by whales dumping coins causing what was likely one of the largest sell offs in bitcoin’s history, if not the largest. Prices dropped around 15% while trading volumes during the day’s trading session surpassed all previous 24h records.
Major Signals

• Incredibly large sell orders had a major impact on the market after the peak of $1166 was reached in Bitfinex BTC/USD markets.
• Trading volumes have reached a historically high level. An achievement that might be overshadowed by how the immersive selling pressure appears to have overpowered the market’s uptrend.
• Bitcoin’s price dropped down to $890 but the recovery from sub $900 levels appears to have been instant as buy ordered were triggered from the existing orderbook at the time that the particular whale appears to have unloaded bitcoins into the market.

Read whole analysis on https://www.crypto-news.net/bitcoin-price-goes-through-harsh-15-correction-with-trading-volumes-through-the-roof/

5.1.2017

Bitcoin Price Spikes Amidst Historically High Trading Volumes; Nearing New All Time Highs?

Bitcoin’s price has once again skyrocketed to new three year highs, with bulls pushing the price higher and higher with every peak. It seems as though the sky is the limit with such a bullish market sentiment as back to back buy orders help the price rise amid historically high trading volumes like resistance is nonexistent.
Major Signals

• Bitcoin’s price shoots through new three year high points like there’s no resistance to speak in what seems to be the dawn of another rally.
• The few downward spikes observed in today’s trading session were swiftly followed recoveries and more buying pressure.
• While buy walls seem to be outweighing sell walls, the sell walls above $1135 levels seem to have grown in size since BTC/USD fell from its peak at $1150.

Continue reading on...
https://www.crypto-news.net/bitcoin-price-spikes-amidst-historically-high-trading-volumes-nearing-new-all-time-highs/