Traders Blog - Analysis, Strategies, News and more: Tag - Bitcoin
Bitcoin rally intact still
Bitcoin rally continues with price above $22,800 today. The bullish momentum is intact as the upside impulse continued following a price consolidation. The price is in consolidation phase again while the RSI remains firmly in the overbought zone...
Bitcoin rebound in progress
Bitcoin price is retracing down after testing $21,450 today. The bullish momentum was enhanced by strong impulse wave last week as the price breached above Fibonacci 23.6, 38.2 and 61.8 resistance levels without a recoil. The price is retracing lower...
Can Bitcoin bulls continue on their way?
Investors have become more cautious, and overall digital currencies market is still suffering.On Wednesday, January 11, FTX said it had recovered $5 billion in cash and cryptocurrencies, which it may sell to repay its creditors. This report helped th...
Bulls firmly in control – is this the beginning of a rebound?
Bitcoin price bearish momentum seems to have been reversed by bulls. The price has retraced up above $17,200 after third test of Fibonacci 23.6 resistance. Looks like bulls are holding on their own after bears lost control as price started rebou...
Bulls fight bears after Bitcoin leaves uptrend channel
Bitcoin price bearish momentum seems to have been checked by bulls while the price has fallen below $16,800 after breaking out from the uptrend channel. Looks like bulls are holding on their own after bears won control and drove the price down, breac...