Despite more and more positive news for Bitcoin recently, the market is still indecisive with signs of consolidation. As we mentioned to you in our last analysis, the good news was the trigger for BTC price growth last week, but only for a short time. Bitcoin stopped right at the first hurdle, which is the $ 42K - $ 43K resistance area, which bounced BTC down by...
In today's analysis, we will first focus on what happened in the last week and why these events could be a potential trigger for BTC price growth. El Salvador rewrote the history of cryptocurrencies when the Salvadoran Congress voted for Bitcoin as legal tender, surprisingly by as much as 62 votes out of 84. El Salvador thus became the first country to allow BTC...
Since our last analysis, almost nothing has changed on Bitcoin, which is surprising because we have witnessed several important events. As we wrote to you recently, Bitcoin is currently in a zone where it feels comfortable and has no problem staying here for a long time. We were in the current price range for more than a month at the beginning of the year,...
Bitcoin continues to consolidate, what to expect in the next few days? After Bitcoin dropped below $ 40K, we got into the same zone we were at the beginning of the year, in the price range where BTC had no problem staying stable for more than a month. This situation thus confirms once again where the real price of BTC likely is and the price area that suits...
Bitcoin faced extremely serious events last week in terms of China's decision, as well as the incident that took place in Sichuan Province. It was therefore more than clear that this would be reflected in the market, which reacted with a dump to $ 30K and thus to the level we last traded in January this year. It is understandable that this frightened many...
Bitcoin has fallen by more than 27% since our last analysis, which means that we have reached the same price levels as at the end of February this year. However, what we saw on the BTC market last week is not surprising for those who have been trading cryptocurrencies for a long time. Yes, for many it was definitely scary, but I assure you that you do not have to...
As we wrote to you in our latest analysis, the Bitcoin market is healthier and relatively more stable after the April correction, as evidenced by the behavior of recent days. Bitcoin has been aware of strong support at $ 50K since the last correction, giving traders a great opportunity to accumulate BTC before further growth. Traders have not lowered the price of...
As you know, April was a really crazy month for Bitcoin. At first we witnessed a new ATH, but then a bloody dump during which BTC suffered a loss of almost $ 20K. Ultimately, however, even this dangerous liquidity did not deter traders, and Bitcoin is growing again. In terms of market and technical analysis, perhaps the most important fact is that Bitcoin...
Last week was one of the worst in terms of the traded price of Bitcoin. Bitcoin dropped below $ 50K after almost two months and many traders began to worry about their open positions. This fall was preceded by several events, but let us remember the most important one that could have most affected the behavior of traders and investors. One of the biggest...
First of all, we want to congratulate those who are watching us because we were right again and Bitcoin fulfilled our scenario two days after our last analysis called "Bitcoin is going for the new ATH". But let's first look at what is most likely behind the new ATH and what is behind the subsequent bloody dump. As for the first scenario, and thus the achievement...
In our last analysis, we wrote to you that Bitcoin doesn't have enough strength to beat $ 60K, but after 7 days it looks completely different. Although it is debatable what was the trigger this time, one of the events of the last week could still have affected this increase the most. The event is nothing more than Bloomberg's April report, in which analysts...
Not much has changed on Bitcoin since our last analysis, and even though we saw an attack on $ 60K, BTC was rejected and sent back down. But let's summarize all the important events that have taken place outside and directly in the market in the last 7 days. In terms of external events, the first major announcement was from CME Group about their new product,...
Last week we witnessed many important events for Bitcoin, which took place on the market and outside it, and therefore we bring you this summary. Let's first look at the events that took place outside the market where we saw several important news that were started by Microsoft. The world-renowned multinational technology company conducted a customer survey for...
As we wrote to you in the last analysis , the growth in the price of Bitcoin is currently driven by strong global reports on its adaptation and investment by large companies. It is this factor that keeps the price still in tension, and even though we have seen a short-term price correction after reaching $ 60K, the price is coming back up again. So what to...
What we have seen in the last seven days on the Bitcoin market confirms the old well-known rule and the fact that the development of financial markets is mainly influenced by global important news. Last week, the scenario we pointed out to you in our last analysis was confirmed again. If you remember, Bitcoin was still fighting in the $ 50K area where the bears...
As we wrote in the last analysis, Bitcoin is really trying to top up the $ 50k price range, but the bears are doing a great job here. Bitcoin was rejected several times here only during the last week and after overcoming it it managed to last only one day. It is therefore more than clear that in order for BTC to be able to stay above this psychological limit,...
Although we wrote in our last analysis that exceeding the $ 1 trillion bitcoin market ceiling is a bullish sign, the market as well as all indicators had to be cooled in the form of a correction. Bitcoin tried to stay above the psychological threshold of $ 50K for a few more days, but ongoing sales throughout the week led him to our estimated $ 42K support. This...
Since our last analysis, a lot has changed on Bitcoin market when it overcame resistance to $ 48,400 in just a few days. This price break subsequently started further growth and a consolidation in the $ 52K area was only for a short time. The bull impulses were much stronger even without outside news (such as Tesla), because BTC has just exceeded the $ 1 trillion...