The San Francisco-based cryptocurrency exchange, Coinbase, dominates the BTC/USD markets eclipsing the likes of Kraken, Bitstamp, and Bitfinex, The Block Research reveals. Meanwhile, in Europe, Bitstamp has galloped ahead of competitors, muscling the BTC/EUR market. At the same time, Bitfinex–mired with controversy, has seen its BTC/USD and BTC/EUR market share fall as parallel observations noted that
The total number of Bitcoin open interest at leading derivatives trading platforms including BitMex is dropping. It is now at $1.37 billion at the time of going to press. With this, it is likely that traders are exiting their longs position, possibly for stable coins like the USDT or fiat. Bitcoin Futures Open Interest Rose
At pixel time 22:56 UTC+3, Bitcoin price is trading above the psychological $8,000 mark. Changing hands at $8,030, bulls are retesting an important resistance level—the 20-week Moving Average. This has not gone unnoticed. One crypto trader is of the view that if bulls overcome H2 2019 liquidation pressure and breach the flexible resistance line, they
The inventor of the Bollinger Bands, a widely used technical indicator, is giving Bitcoin traders a heads up. As per the indicator’s signal, John Bollinger expects increased volatility in coming days now that bands are tightening as BTC prices flatten, consolidating within a narrow trade range in the daily chart. From the Bitcoin daily chart,
The Fear & Greed Index for Bitcoin shows that traders are keeping their cards close to the chest, worried that the price may sink at the tail end of 2019. The market is dull and inactive and traders are apprehensive, not willing to commit. Below $9,000 Bitcoin is Bearish: Analyst With this level of fragility,
The price of Bitcoin could recover because of the failure of bears to force liquidation below an important support trend line in the 4HR chart of the BTC/USD pair according to a relieving analysis from one of the space’s leading trader. Bitcoin Under Pressure BTC didn't close below the pink trendline on the four hour,
Bitcoin price remained in a bearish trend below the $4,220 and $4,120 resistances against the US Dollar. BTC/USD could accelerate losses below $3,800 and $3,760 in the near term. Important Points: Bitcoin price is trading well below the $4,220 resistance and the100 simple moving average (2-hours). BTC/USD is following a major declining channel with resistance
Bitcoin has seen another price drop over the past 24 hours of trading totalling over -2.98%. The market is now trading at a price around $4027, at the time of writing, after seeing a 7-day period where price action saw a +3.46% increase in price following a disastrous month in November 2017. Bitcoin has dropped
Bitcoin price declined recently, but it found support near the $6,355 support against the US Dollar. BTC/USD could climb high as long as it is above $6,355. Important points Bitcoin price declined and tested an important support near $6,365 recently. BTC/USD is holding an important bullish trend line with support at $6,365 on the 2-hours
Bitcoin price is holding the key $6,380 support against the US Dollar. BTC/USD looks set to climb higher above the $6,500 resistance in the near term. Important points Bitcoin price remained well supported near the $6,380 support area. BTC/USD is currently forming a bullish flag pattern with resistance at $6,525 on the 2-hours chart. BTC
Bitcoin price surged higher and broke the $6,360 resistance against the US Dollar. BTC/USD spiked above $6,660, but it is still trading near a major inflection point. Important points Bitcoin false spiked above the $6,750 level after Tether declined sharply. BTC/USD cleared a major bearish trend line with resistance at $6,360 on the 2-hours chart.
Bitcoin price fell sharply and broke the $6,420 and $6,310 support levels against the US Dollar. BTC/USD may recover in the short term, but sellers are likely to reappear near $6,420. Important points Bitcoin declined sharply and tested the $6,200-6,210 support area. BTC/USD broke a significant bullish trend line with support at $6,540 on the
Bitcoin price declined recently below the $6,670 and $6,620 supports against the US Dollar. However, BTC/USD is still holding the key $6,530 support. Important points Bitcoin managed to stay above an important support at $6,530-40. BTC/USD is following a crucial bullish trend line with support at $6,540 on the 2-hours chart. BTC price must break
Bitcoin price is trading above the $6,520 support zone against the US Dollar. BTC/USD looks set to clear the all-important $6,660 resistance to trade higher. Important points Bitcoin is attempting an upside break above the $6,660 resistance level. BTC/USD is likely to break a major contracting triangle with resistance at $6,550 on the 2-hours chart.
Bitcoin has been trading within the confines of a long-term consolidation pattern for the majority of the year. The market approaches the upper boundary of the triangle again as traders hope for a breakout above. Support levels moving forward; $6398, $6129, $6000, $5916. Resistance levels moving forward; $6622, $6848, $6915, $7000, $7165, $7481, $7872, $8000,
Bitcoin price failed near $8,500 recently and declined against the US Dollar. BTC/USD is declining and it seems like it was rejected from a major technical level on the daily chart. Key Takeaways: Bitcoin is still placed well above the $7,000 support and the $6,750 pivot level. BTC/USD failed near a crucial bearish trend line