Cryptocurrency Analysis BTCUSD
BTCUSD – Bitcoin
BTCUSD has played out nicely since the last alert as the bulls take charge and ramp price higher. Price is now right up at a resistance zone where we may see a reaction lower as some recent gains are locked in. Price has definitely changed trends and we are now watching for a minor pullback only to be met with more buying and a push up to test 11580 resistance zone.
Crypto – BTCUSD – Bitcoin
Current Price : $8058
Status : On watch for pullback and higher low
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
