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Bitcoin still headed lower
Bitcoin trading range widened last week while upper and lower bounds of the range moved significantly lower from the previous week’s positions. The price is below $27,500 currently, below the middle of two Fibonacci levels. The RSI moved down toward...
Bitcoin sentiment still bearish
Bitcoin traded in a narrower range last week with upper and lower bounds of which moving lower and higher respectively from the previous week’s positions. The price is above $27,500 currently, below middle of two Fibonacci levels. The RSI remain...
Bitcoin bias turns bearish after Fibonacci resistance test
Bitcoin erased most of the previous week’s losses last week. The price is above $28,500 currently after it rebounded toward the Fibonacci 261.8 resistance around midweek but then retraced down. The RSI rebounded from the lower bound of neutral zone a...
Bitcoin bias turns neutral after Fibonacci resistance test
Bitcoin reversed all of the previous week’s gains last week. The price is below $27,500 currently after it retraced down following the test of the Fibonacci 261.8 resistance previous Friday. The RSI continued drifting to lower bound of neutral zone....
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