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Bitcoin Price Analysis: Major Shakeout Springs Strong Rally

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Following a strong shakeout, bitcoin saw a confident round of buying yesterday and the market gained around 10 percent in one 15-minute candle.
MARKETS

Bitcoin Price Analysis: Bulls Recover Vital Support

Bitcoin Schmitcoin -
As of this morning, the market is enjoying a strong rally on high spread and volume that pushed the price back above major support.
MARKETS

Bitcoin Price Analysis: Bitcoin Makes Higher Low on Weekly Support Test

Bitcoin Schmitcoin -
Although the bitcoin price saw a strong pullback, it is still maintaining a bullish market bias with its higher lows and higher highs.
MARKETS

Bitcoin Price Analysis: Bullish Market Structure Tests Weekly Support

Bitcoin Schmitcoin -
Following a strong rally earlier in the week, the bitcoin market is experiencing a retest of a solid, broken resistance level and is currently finding it as support.
MARKETS

Bitcoin Price Analysis: Consolidation Tests Strong Macro Resistance

Bitcoin Schmitcoin -
Our last weekly candle was a “high effort, low result” situation that often marks the top of macro rallies, as it represents bullish exhaustion.
MARKETS

Bitcoin Price Analysis: Strong Sell-off Finds Macro Support

Bitcoin Schmitcoin -
The market is still feeling out this latest bounce but so far it seems clear for a ride up to retest $12,800.
MARKETS

Bitcoin Price Analysis: Bitcoin Nearing Parabolic Blow Off

Bitcoin Schmitcoin -
Bitcoin has had an aggressive, unrelenting, parabolic rise over the last few weeks.
MARKETS

Bitcoin Price Analysis: Bitcoin Breaks $10,000 in Stunning Fashion

Bitcoin Schmitcoin -
The bitcoin price blasted straight through the $10,000 price range in a rally that had bitcoin testing the lower $11,000s.
MARKETS

Bitcoin Price Analysis: Bitcoin Market Consolidates at Prior Highs

Bitcoin Schmitcoin -
Bitcoin is consolidating above its prior range high while the market has failed to find support above the monthly resistance.
MARKETS

Bitcoin Price Analysis: Bitcoin Breakout Could See Small Pullback

Bitcoin Schmitcoin -
The bitcoin market rallied to $9,400 and the overall market structure is very bullish. But if demand fails to break through overhanging support, we could retest the $8,500 to $8,600 zone.
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