Past Performance of Bitcoin There have been attempts for Bitcoin bulls to push prices higher, as apparent in the daily chart. However, BTC prices remain within a tight trade range and bearish, with upsides capped at around $17.5k. Accordingly, despite the general market confidence, sellers remain in charge. BTC's performance largely depends on the reaction at...
Past Performance of Bitcoin There is an air of invincibility among Bitcoin holders and traders considering the recovery on November 22. However, reading from the drab performance in the daily chart, there is nothing much to call out because BTC is primarily in range. As an illustration, the coin is up three percent in 24 hours but within a bear breakout...
Past Performance of Bitcoin Bitcoin prices are in a tight trade range, "spinning" a $700 range. Although this is positive, pointing to slowing bearish momentum, BTC bulls are still weak. Technically, unless there are sharp closes above $17.5k and $18.5k, every high offer entries for aggressive bears target $15.5k—or lower. #Bitcoin Technical Analysis From the...
Past Performance of Bitcoin Although many analysts are convinced Bitcoin is in "deep value" territory, BTC bulls appear weak and prices under pressure at press time. From the daily chart, the coin is down three percent on the last trading day, trending lower from this week's highs and $17.5k. At this pace, sellers will likely press on, targeting the previous...
Past Performance of Bitcoin Bitcoin prices closed higher on November 15, slowing down bears. In the last 24 hours, the coin is up three percent versus the USDT. Even though traders are hopeful, there must be a clean close above November 9 highs, breaking above the current bear flag of early this week. All the same, the path of least resistance remains southwards,...
Past Performance of Bitcoin Bitcoin prices are whipsawing at spot rates and BTC is still under pressure, per the performance in the daily chart. Even though prices are relatively higher, bouncing from the depths of last week, the coin is trading below $17.5k, and bears are dominant from a top-down perspective. Accordingly, traders may search for entries aligning...
Past Performance of Bitcoin Bitcoin is down 23 percent week to date and relatively weaker, reading from the performance in the daily chart. The crash of mid-last week and the failure of bulls to flow back, supporting prices, affirm the presence of sellers and even more possibilities of sharp losses in the months ahead. Technically, the path of least resistance...
Past Performance of Bitcoin The Bitcoin and crypto markets are in shambles at press time. BTC is down over 16 percent and over 25 percent from last week's highs in two days. From the daily chart, the drop in prices on November 9 affirms the fear across the board. Considering a slew of fundamental factors lying ahead, Bitcoin holders may be subjected to more...
Past Performance of Bitcoin Bitcoin fell on November 8, slumping to as low as $17.1k and registering new 2022 lows. At this pace, sellers are squarely in control. As such, BTC will likely continue dropping in the days ahead as traders and investors scamper for safety. A notable development is that there is a firm rejection of $21k, as the November 8 bear bar...
Past Performance of Bitcoin Bitcoin prices are relatively solid at spot rates. After bulls stretched their gains, breaking out from the bull flag and confirming gains of October 25 and 26, there could be more gains in the short term. Presently, prices are within the weekend’s trade range pointing to general trader confidence and bulls. #Bitcoin Technical...
Past Performance of Bitcoin Bitcoin is up 12 percent from September lows and the uptrend is firm following early today gains. From the daily chart, buyers are adding to their longs and building from the $20k support. As it is, the immediate support is at $20k, with a high chance that the uptrend will continue if there are encouraging gains above $21k and last...
Past Performance of Bitcoin Bitcoin is bullish, but prices are wavy, reading from the formation in the daily chart. Overall, the coin is within a bullish breakout formation. This forecast and expectation of even more gains in the days ahead is because prices are trending above the $20k and $20.5k support zone, above the previous BB Squeeze. As it is, traders can...
Past Performance of Bitcoin The Bitcoin uptrend is still valid, but whether it will continue with the same rapidity is still being weighed. From the daily chart, BTC is printing lower lows from the upper BB. However, the contraction is with low trading volumes. Besides, Bitcoin's price action is within a tight trade range above $20k—the immediate support level. ...
Past Performance of Bitcoin Bitcoin is cooling off at spot rates, reading from the performance in the daily chart. The primary trend remains northwards in the short term since BTC price action is bound by the October 25 and 26 bull bars. The main support remains at $20.5k, and the upside is still valid, ideally above $20k. Presently, the retracement from last...
Past Performance of Bitcoin Bitcoin is up 14 percent from September lows, and buyers are relatively firm. From the daily chart, BTC bulls stand a chance, and there could be more upsides in the days ahead despite the slowdown. With prices above $20.5k, buyers may likely flow back, building on last week's gains to propel the coin above $21k. #Bitcoin Technical...
Past Performance of Bitcoin Bitcoin prices might be suppressed at spot rates. Still, the path of least resistance is northwards as per the candlestick arrangement in the daily chart. BTC is within a bullish breakout formation, trading above $20k on the back of decent trading volumes. As long as prices are around or retesting the range of the recent squeeze, then...
Past Performance of Bitcoin Bitcoin has been ripping higher in the last 48 hours and trending at new October highs, marking Q4 2022 highs. The level of trader participation and the range covered in the past few trading days points to a possible shift in trend. Notably, BTC is within a bullish breakout, surging above the previous BB Squeeze, injecting confidence...
Past Performance of Bitcoin Bitcoin prices are gradually inching closer to $20k, a crucial psychological reaction level for traders and analysts. Following gains on October 25, BTC bulls are rejuvenated. The coin could rally this week, shaking off the weakness of the better part of Q3 2022. In all, BTC prices are range bound, but a breakout could be on the offing...