Cryptocurrency Analysis BTCUSD
BTCUSD – Bitcoin
BTCUSD has been struggling since hitting highs in December but has thrown up more than enough opportunity for traders. We now see another potential buy opportunity in the horizon as buyers look to take price up off support around 7000. Watching now for a higher low to build the entry setup.
Crypto – BTCUSD – Bitcoin
Current Price : $7484
Status : On watch for higher low and entry setup
Previous Alert 16/4/18
BTCUSD – Bitcoin
BTCUSD has retested the lows around 6500 since the last alert and is now showing signs of renewed life. A lot of volatility has come out of the market so we may not see the wild swings of previous sessions. Price is currently extended at current levels so we expect a pullback and some heat to come out of the market before further buying and a higher low to build.
Crypto – BTCUSD – Bitcoin
Current Price : $8058
Status : On watch for pullback and higher low
Previous Alert 13/2/18
BTCUSD – Bitcoin
BTCUSD has been under pressure for a while recently touching down below $6000. Price has reacted off $6000 and will need to hold above this level for upside in the near term. We are now watching BTC as a proxy for the overall crypto market and will want to see a higher low build above 6000 for evidence that buyers are stepping in to the action to defend higher levels.
Crypto – BTCUSD – Bitcoin
Current Price : $8618
Status : On watch for higher low
