Bitcoin Price and Technical Market Analysis May 18th, 2020

The weekly candle closed above the range $9200-9400. The next target of buyers is $10,500. In case of positive repeated test of $9200-9400, the chances of buyers to test $13,000 will significantly increase. Yesterday’s trading on Bitcoin market ended with an uncertain closing of the candle at $9662. Yesterday, buyers raised Bitcoin price by 5%, […]

Bitcoin Price and Technical Market Analysis May 17th, 2020

Buyers managed to keep the range $9200-9400. Fixing above $9800 the following target is $10,500. An alternative scenario is a local price reversal with a test of $9200-9400 and a probable continuation to $8860. Yesterday’s trading on Bitcoin market ended in a failed attempt by sellers to take control of the range $9200-9400. Sellers are […]

Bitcoin Price and Technical Market Analysis May 16th, 2020

Sellers have twice tested the range $9200-9400 in order to continue to fall to $8860. Consolidation was formed in the range $8860-1000 and the middle $9200. Keeping $8860 the next target of buyers is $10,500. Yesterday’s trading on Bitcoin market was held under the flags of sellers, who confidently and systematically lowered the price to […]

Bitcoin Price and Technical Market Analysis May 15th, 2020

Bitcoin Price and Technical Market Analysis May 15th, 2020

Sellers kept the range $9600-9800, where a good amount of liquidity gathered. The critical point for buyers remains at $8860. Keeping $9200, buyers will significantly accelerate the price growth to $10,500. Yesterday’s trading on Bitcoin market followed the scenario of buyers and ended at $9791. During the day, buyers managed to raise Bitcoin price by […]

Bitcoin Price and Technical Market Analysis May 14th, 2020

Yesterday’s daily candle closed in the range $9200-9400. Looking at the nature of the growth, the mark $10,500 should not be a problem for buyers. The local critical point of buyers is $9200. The global one – $8860. The reality on Bitcoin market turned out to be much more optimistic yesterday and today. The sluggish […]

Bitcoin Price and Technical Market Analysis May 13th, 2020

Bitcoin Price and Technical Market Analysis May 13th, 2020

Buyers closed the daily candle at $8810 and behaved rather passively. The probability of repeated test of $8650 is quite high. The critical point of buyers’ trend remains at $7700. Yesterday’s trading day on Bitcoin market was too calm and peaceful. After dangerous and aggressive attacks of sellers on 10-11 May, buyers are calmly trying […]

Bitcoin Price and Technical Market Analysis May 12th, 2020

Consolidation in the range $8100-9200 continued. The dominance of sellers in market sales over market purchases has decreased significantly. If buyers confidently test $9200-9400, they will increase their chances to continue the trend. An attempt to update the local low during yesterday’s trading on Bitcoin market was unsuccessful. Yesterday, Bitcoin price moved in the range […]

Bitcoin Price and Technical Market Analysis May 11th, 2020

Bitcoin Price and Technical Market Analysis May 11th, 2020

The weekly candle closed below the critical range $9200-9400. The probability of a test of $7700-8000 this week is very high. Fixing the price below $8650 will be a strong argument for the continued fall in Bitcoin market. The hot Sunday day of trading on Bitcoin market ended with a false breakdown of the range […]

Bitcoin Price and Technical Market Analysis May 10th, 2020

Bitcoin Price and Technical Market Analysis May 10th, 2020

Sellers tested the mark $8105 for an hour. The price again stopped in the range $8650-8850. The critical point for buyers trend is around $7700. There is no peace in the hearts of Bitcoin market participants over the weekend. Once again, strong movements of Bitcoin price occur on the weekend, and this weekend confirms it. […]

Bitcoin Price and Technical Market Analysis May 9th, 2020

Bitcoin Price and Technical Market Analysis May 9th, 2020

Buyers have not been able to fix below $10,000. The local counterattack of the mark $9760 looks weak. The final point of growth $10,500 remains valid. Yesterday’s trading day on Bitcoin market was calm and consolidating. Buyers managed to lower Bitcoin price by 2%, closing it at the mark $9792. Yesterday’s trading volumes were 2/3 […]