Category: BTC-E Reports

Bitcoin Price Watch: Currency Jumps to $7,400

Bitcoin has surprised us all and jumped by approximately five percent in less than an hour. The cryptocurrency was trading for roughly $7,100 during the early morning of May 29, only to incur a spike that saw its price rise by over $300. This is good news, in the short-term… And yet, it appears the bulls are not making a valid and full appearance as of late. Bitcoin is roughly …
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Bitcoin – Technical analysis

First of all I would like to mention the fact that I am not a bitcoin trader, I only apply my way of viewing the markets to scan bitcoin and publish charts and more recently write articles here on themerkle.com.   Above I have zoomed in on a weekly logarithmic chart of Bitcoin. This whole formation looks to me like a gigantic falling wedge which in theory should be bullish. …
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Bitcoin Price Analysis: Price rebounds after a 7.5% drop

Bitcoin Price Analysis In the past week bitcoin’s price took a steep fall to a low of $222 on June 1st. Since then, it has rebounded to it’s current price of $227. While the chart remains optimistic in the short term, it looks like the market is still looking for support after the breakdown. vlad.adrian‘s bitcoin price analysis from Tradingview suggests: “the consolidation period has ended today, and we might see …
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Bitcoin prices on the decline despite media coverage

Since a high of $304 on January 26th, Bitcoin prices have fallen 29%. Currently Bitcoin trades as $221 on BTC-E. On January 24th, 2 days before the intermediate high, we wrote how micro trends with certain candle stick formations signaled an upcoming spike. This time, the sharp decline signals that the market is on its way to be squeezed down to the breakout area. The top 3 positions on tradingview are …
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