Market Overview: Bitcoin Last week, we analyzed Bitcoin‘s November close, which settled below the significant $100,000 level. This week, history was made as Bitcoin surpassed $100,000 for the first time on Thursday, December 5th. The $100,000 mark acted as a strong magnet for price action throughout the week, demonstrating its psychological and technical importance. With […]

Market Overview: Bitcoin As November comes to a close, Bitcoin has delivered an extraordinary month, with Bitcoin breaking out of a six-month trading range. This month, Bitcoin surged approximately 40% from October’s close, nearing the $100,000. For traders, $100,000 is not merely a psychological level but a key reference point for taking profits, hedging, or structuring […]

Market Overview: Bitcoin Bitcoin reaching the $100,000 mark is a groundbreaking milestone, a testament to the crypto asset’s transformative influence on the financial landscape. This psychologically significant level may attract profit-taking activity and expect resistance to continue higher. However, we’ve witnessed a scenario in 2017 where Bitcoin broke above the awaited $10,000 mark without resistance […]

Market Overview: Bitcoin Bitcoin continues to captivate markets, breaking out of a prolonged six-month trading range. This upward movement trades uncharted territories on the upside, leaving prior downside levels increasingly unlikely to be revisited. Historically, Bitcoin has experienced near 80% drops, suggesting that if the price reaches the $100,000 milestone—a plausible event—it may never fall […]

Market Overview: Bitcoin This week, the October monthly bar closed with a bull bar that nearly reached Bitcoin’s previous all-time high. The monthly close, positioned above September’s high, suggests that November or December may bring a renewed attempt to test October’s high. Reflecting on the year so far, Bitcoin has largely moved within a trading […]

Market Overview: Bitcoin In the weekly chart of Bitcoin, the price action is oscillating within a trading range as it approaches key upper magnets, with the potential to test the all-time high soon. On the daily chart, last week’s breakout points served as support, and a bull flag was formed. This week, Bitcoin has been […]

Market Overview: Bitcoin In the Bitcoin’s weekly chart, the price is fluctuating within a trading range but is approaching upper magnets and may test the all-time high soon. On the daily chart, a breakout above prior resistance levels suggests increasing bullish momentum, but with a significant Wedge Top looming, we will assess the likelihood of […]

Market Overview: Bitcoin Bitcoin‘s weekly chart is currently exhibiting a lack of momentum, much to the dismay of traders who anticipate a test of the all-time high in the near future. The market is stuck in a limit order trading range. Following a strong bull breakout earlier, a wedge bottom pattern continues to influence its […]

Market Overview Bitcoin: This past Monday marked the close of September and the beginning of a fresh trading month. As we transition into October, traders are reflecting on the monthly and weekly charts, assessing whether the current price action signals the continuation of a bull trend market cycle or a trading range. The monthly price […]

Market Overview: Bitcoin Bitcoin is approaching the close of its September monthly candlestick, a crucial moment for traders. Looking back at the August candlestick, the Trader’s Equation seemed favoring a bullish scenario, where buying the close would target at least a retest of Bitcoin’s all-time high. So far, September has mostly supported this outlook, with […]