Tag: tradingview

Bitcoin Price Remains Uncertain Amid Impeding SEC Decision

We have been keeping a close eye to the pending SEC decision which will deny or approve Bitcoin’s ETF for a second time. The price remains uncertain as it tested support multiple times over the weekend. Today, the price dropped over 7% as the correction approached. While Bitcoin’s price is dropping, the latest spike in volume as the market approached the $1700 support line signals that traders are keeping a …
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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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Micro-trends suggest a new rise in Bitcoin price

State of Bitcoin 10 days ago on January 14th, Bitcoin hit a low of $162 as weak hands panic sodl. Since then, we have seen a dramatic shift in trends leading to a series of upward micro trends positioned inside of a larger macrotrend. Last month, we repoted on how hard the Bitcoin price was crashing and referenced how Elliot waves suggested that a trend reversal was coming soon. Elliot waves …
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