Past Performance of Bitcoin The last three days have been turbulent for BTC prices. Bitcoin prices crashed to as low as $25,800 before bouncing and stabilizing. Despite the recovery, price action favors sellers since the coin is trading at below critical resistance. Overall, this outlook will remain bearish and can influence price action in the session ahead. ...
Past Performance of Bitcoin On May 11, Bitcoin prices fell lower, dropping below the FWB:27K level. BTC is below the primary trade range, distributing and under pressure at spot rates. Bears have the upper hand, and sellers can look for entries, riding the emerging trend with targets at crucial support levels in the short term. #Bitcoin Technical Analysis...
Past Performance of Bitcoin On May 10, Bitcoin prices crashed to as low as $26,900. However, prices recovered with a Doji bar forming. Still, the coin is lower when writing, within a bearish formation, with a high probability of even more losses in the sessions ahead. For now, traders should watch out for how prices react at the immediate support of $27k. ...
Past Performance of Bitcoin Bitcoin prices are drab, trading inside a narrow range in a predominantly bearish formation. Although the bears of May 8 weren't confirmed, the failure of bulls to push higher points to weakness. As it is, the immediate support line remains at $27k. Conversely, how prices react at $28.3k and $30k may shape the short-term trend. ...
Hello It's a Bitcoinguide. If you have a "follower" You can receive comment notifications on real-time travel routes and major sections. If my analysis is helpful, I would like one booster button at the bottom, please. This is a one-way long position strategy on the Bitcoin 30-minute chart. *In arrow movement path 1. $27667.5 long position entry...
Past Performance of Bitcoin Bitcoin is down 4% on the last trading day, dropping below $28k, and inching closer to FWB:27K , an important support level. This reaction points marks April 2023 lows. If lost, BTC may break out, slipping towards FWB:25K in continuation of losses posted from April 19. #Bitcoin Technical Analysis In the daily chart, BTC is down...
Past Performance of Bitcoin Over the weekend, Bitcoin prices moved lower. The sharp drop on May 6 wasn't confirmed on May 7. As such, the coin remains within a $4k trade range with resistance and support at FWB:31K and FWB:27K , respectively. Still, the uptrend holds, and prices are now inside a wedge after sharp gains from mid-March 2023. #Bitcoin Technical...
Past Performance of Bitcoin Bitcoin is uneventful when writing. The coin is generally lower, trending below $30k. However, since it is above $28.3k and FWB:27K is still a valid reaction point, traders should wait until a convincing breakout. The spike, in either direction, should be with rising volumes. #Bitcoin Technical Analysis BTC prices are inside the...
Past Performance of Bitcoin Bitcoin reacted to fundamental events in the United States and stayed above FWB:27K and $28.3k. When writing on May 4, the uptrend remains, but sellers have a chance since buyers didn't reverse recent losses. Immediate support is at $28.3k, while bulls must break above $30k before the uptrend resumes. #Bitcoin Technical Analysis...
Past Performance of Bitcoin Bitcoin prices bounced back on May 2, reversing losses. Bulls are finding reprieve with the coin 2% higher in the past 24 hours. However, the path of least resistance remains southwards in the short term. As long as prices are inside the bear bar of May 1, every high is an unloading opportunity for aggressive sellers targeting FWB:27K...
Past Performance of Bitcoin Bitcoin is fast dropping, looking at how prices performed at the start of May. Presently, the coin is down 7% and within a bear formation set in motion from April 19. Critical support and resistance levels in the current setup remain at FWB:27K and $30k, respectively, following the drop below $28.3k. Overall, sellers have the upper...
Past Performance of Bitcoin Volatility spiked on April 30, temporarily forcing prices higher. Of note, volumes rose. However, this wasn't enough to sustain bulls. The result was an inverted hammer with the long upper wick pointing to the rejection of higher prices. The dump down pushed BTC back into range and anchored today’s liquidation in the Asian session....
Past Performance of Bitcoin For a brief moment on April 26, Bitcoin prices soared to as high as $30k before flash crashing back towards $28k in what turned out to be a volatile NY session. At this pace, the spike in trading volumes and a Doji bar printing capped an evening of indecision. BTC prices contracted but recovered strongly early today as traders doubled...
Past Performance of Bitcoin Bitcoin prices recovered slightly on April 25, bouncing from around the FWB:27K primary support. While the boost was positive, BTC is still not out of the woods, and prices might collapse if there is no follow-through in sessions ahead. For now, important reaction lines remain unchanged at around $28.3k and FWB:27K , defined by the...
Past Performance of Bitcoin There is no reprieve for Bitcoin bulls, looking at the arrangement in the daily chart. BTC edged lower yesterday and could likely dip in the sessions ahead unless there is a sharp recovery above $28.3k, clearing the highs of April 21. Meanwhile, traders are bullish because sellers didn't push prices lower below the FWB:27K support...
Past Performance of Bitcoin Bitcoin crashed 10% from April highs last week. Prices remain below a critical support level when writing. The daily chart shows prices are stuck in a tight horizontal range below $28.6k. While the contraction was expected after continuous expansion in the better part of Q1 2023, the current correction is with relatively low trading...
Past Performance of Bitcoin Bitcoin prices are under pressure when writing on April 21. The drawdown of April 19 was confirmed yesterday as the coin sank lower. Presently, the coin is retracing from this month's highs, and FWB:31K remains to be an important reaction point. Unless there is an expected expansion above the immediate reaction level, the path of...
Past Performance of Bitcoin Bitcoin unexpectedly plunged on April 19, sinking below $30k as price action continued to be choppy. The heightened volatility is amid the general contraction across other asset classes. Currently, the drawdown means BTC is below FWB:31K , a critical support line, and also back below $29.6k, swinging price action in favor of the April...