After a one week hiatus, the weekly Bitcoin Price Analysis articles are back! The market has been very active over the past two weeks, so there is a lot to get to! Let’s get started. Last week we said: Last week we saw a rather bearish scenario, but since the $10k level held we now see either a consolidation phase (neutral wedge) forming, or the confirmation of a bull channel. With investor sentiment neutral and/or slightly fearful, there certainly will …
Tag: Bitcoin Price
Last week we said: BTC is testing $10.4k, but with an imminent death cross on the local hourly chart, a retest of the 10k zone is possible if not likely. I would expect this to be a quick touch, “wicking” below the 100MA on the daily chart but closing the day above 10.4k. Could our analysis get any better?? Once again, we hit the nail on the head with our prediction. Just like we predicted, BTC wicked down to the …
Good Day Midas community! The markets have been very turbulent in the time since our last article. ICYMI, our conclusion in our last analysis was: Short term pain, long term gain. In other words, we thought that further price retracements below the $11.2k level were quite likely before Bitcoin continues its bull trend. Our hunch was correct. This is exactly what played out in the markets. Let’s take a look at what the charts and fundamentals are telling us, and …
Hello again Midas Investors! We will continue our series of weekly TA on Bitcoin and the crypto markets in general. If you’ve been involved in crypto for any amount of time, you are well aware that where Bitcoin goes – so does the entire market. Except for stablecoins, the movements of Bitcoin have a direct effect on nearly every other cryptocurrency. As such, prudent investors will keep their eyes on the market direction of BTC at all times. Price Analysis …
Greetings Midas Community! Another week, another Bitcoin analysis article. As every crypto investor is well aware, the price fluctuations of Bitcoin are essential to understand the market in general. Bitcoin – the king of Crypto – largely determines whether the industry is bullish or bearish. In these articles, we are going to conduct price analysis, as well as fundamental analysis in an effort to dissect Bitcoin’s overall trend. Let’s get started. Price Analysis To begin, we will look at the …
Dear Midas Community, This is our weekly update on Bitcoin price movements. We as a team feel that these insights are valuable to the community, as the value fluctuations of Bitcoin greatly affect altcoin markets. In this series of TA articles, we will conduct both price and fundamental analysis to determine an overall trend for BTC. Price Analysis Once again we will observe the movements on a large (4H) candle timeframe. We can see that over the past few weeks, …
Hello Midas Community! We will continue with our analysis of Bitcoin price movements, as it greatly affects the altcoin markets. In this series of TA, we will conduct some TA, and look at overall trends and fundamentals. Let’s get started! Price Analysis Here we see the macro price movements of Bitcoin vs USD on a 4H timeframe. Ever since the large decline in mid-March, Bitcoin rose steadily before beginning a consolidation pattern between 9-10k. If we take a closer (zoomed …
Greetings Midas Community, As always, we are keeping our eyes on the price movements of Bitcoin. Since the inception of cryptocurrency, the crypto market moves as Bitcoin moves. In these articles we will make weekly technical analysis, looking at trends and fundamentals. Here we see Bitcoin’s price action on a large-scale 4H time frame. Since the big drop in mid-March, Bitcoin has been steadily rising against USD. Until recently, the blue trendline was quite strong, and had been tested multiple …