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
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
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
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
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
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.
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
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
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
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.
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