BTC Volumes Shrink 22% From Jan 10

Bitcoin Price in a $300 range mode ShapeShift bombarded with US DoJ subpoenas in Q4 2018 Transaction volumes dip, moving averages slide from 18k to 14k in four days Participation levels are low, and with drying transactional volumes, BTC prices are ranging. However, with a flurry of subpoenas, exchanges are wary. All in all, we retain a bullish outlook expecting breakouts above $3,800 as Bitcoin rally to $5,000. Bitcoin Price Analysis Fundamentals The US is the world’s largest economy, and as one of the major players in crypto, their regulatory…

Bitcoin Price Watch: BTC Signaling Decent Comeback Above $3,700

Bitcoin price declined again and tested the $3,550 support area before recovering against the US Dollar. There was a break above a major bearish trend line with resistance at $3,585 on the hourly chart of the BTC/USD pair (data feed from Kraken). The price is currently showing positive signs above the $3,600 support level, with a bullish angle. Bitcoin price broke a key resistance near $3,600 recently against the US Dollar. The current price action is positive, signaling an upside extension above $3,700 in the near term. Bitcoin Price Analysis…

BTC Cap Up $700 million From $3,700 Support

Bitcoin price ranging, up $700 million in the last 10 Hours Federal Reserve Bank of St Louis research confirms there is BTC demand Transactional volumes low. Drops from 18k to 15k in three days Market participants are optimistic and for good reasons. Candlestick arrangement points at bulls, and as prices swing between Jan 14 high low, our immediate triggers will be at $3,800. All the same ideal targets are at $4,500 and $6,000 on the upside. Bitcoin Price Analysis Fundamentals Aside from supervising and regulating financial institutions in the US,…

Bitcoin Price Watch: BTC At Risk of Sharp Decline, Could Retest $3,400

Bitcoin price failed to recover above the $3,650 resistance and declined recently against the US Dollar. There was a break below a major contracting triangle with support at $3,590 on the hourly chart of the BTC/USD pair (data feed from Kraken). The price is currently trading in a bearish zone and it may accelerate losses to $3,500 and $3,400. Bitcoin price is under selling pressure below $3,650 against the US Dollar. There are high chances of more losses in BTC below $3,500 and $3,450 in the near term. Bitcoin Price…

BTC Unchanged as Volatility Taper

Bitcoin Price trading range tight Bulgaria’s NRA introduces a 10 percent tax on crypto profits Transaction volumes low as BTC/USD range within Jan 14 high-low Candlestick arrangement favors bulls. However, as the government opens up, we recommend patience until after Bitcoin prices rally above $4,500 in line with our last BTC/USD trade plan. Bitcoin Price Analysis Fundamentals The thing is, governments irrespective of jurisdiction won’t budge and will see towards enforcement of their initiatives. Under the guise of investor protection–whereas the so-called investors are on average tech savvy with full…

Bitcoin Price Watch: BTC Approaching Next Significant Break

Bitcoin price is consolidating losses above the $3,560 support area against the US Dollar. There is a short term contracting triangle formed with resistance at $3,625 on the hourly chart of the BTC/USD pair (data feed from Kraken). The price may soon make the next move either above $3,650 or below $3,540 in the near term. Bitcoin price is preparing for the next key break above $3,650 against the US Dollar. A close above $3,650 could trigger bullish moves towards $3,720 and $3,800. Bitcoin Price Analysis After trading above the…

BTC Resilient, Cryptopia Bares Crypto UnderBelly?

  Bitcoin Price trading within a tight range but bullish Cryptopia hacked. Trading yet to resume Transaction volumes low, the ideal bull bar should be backed by volumes excess of 35k   After weeks of calmness, Cryptopia is the latest exchange to be ransacked by hackers. Unconfirmed reports indicate that $2.5 million of ETHs may have been lost. Meanwhile, Bitcoin is technically bullish in lower time frames. However, gains above $4,500 would officially usher in bulls. Bitcoin Price Analysis Fundamentals After five years of successfully protecting user funds, hackers got…

Bitcoin Price Watch: Choppy Price Action Could Lead BTC Higher

Bitcoin price found support near $3,400 and later recovered above $3,660 against the US Dollar. There was a break above a key bearish trend line with resistance at $3,560 on the hourly chart of the BTC/USD pair (data feed from Kraken). The price is currently consolidating above $3,600 and it could dip towards the $3,560 support. Bitcoin price recovered nicely above $3,500 and $3,600 against the US Dollar. However, the current price action is choppy, suggesting swing moves in BTC above $3,560. Bitcoin Price Analysis Recently, we saw a major…

Bitcoin Price Analysis: BTC Exposed, ETF Hopes Dimming?

Bitcoin Price slide, potential support at $3,400 or 78.6 percent Fibonacci level SEC may not approve Bitcoin ETF Reaction at $3,700 important for bulls In the short-term, sellers seem to be in charge and yesterday’s drop below our immediate support at $3,700 may lead to reductions towards $3,400. In the midst of this, we are net bullish because of buy pressures of week ending Dec 23. Bitcoin Price Analysis Events of the week ending Dec 23 and consequent follow through reinvigorated bulls. Regardless, the fact that prices reversed from the…

BTC Losses Coincide with China’s New Policies

Bitcoin Price slow down after sinking 10 percent China introduces new privacy quashing blockchain rules Trading volumes steady but bearish Even though today’s losses are low, there is hope for traders as long as Bitcoin prices are oscillating above $3,700. Drops below this minor support line could trigger sells towards $3,220 or lower in the next few days. Bitcoin Price Analysis At spot prices, Bitcoin is down 3.8 percent in the past 24 hours but stable in the last hour. The coin is flat and trading within a tight trade…