Bitcoin has finally freed itself from the trading zone and touched the levels which have not been seen since the start of this month. Get the Bitcoin/USD analysis for July 25, 2014 here.
BTC/USD continues once again to trade in a narrow range with the resistance level set at $621.17 and strong support being found at $611.
Bitcoin continues to trade in a rangebound manner with no immediate signs of a breakout as yet. It seems that the bulls and the bears are in no mood to flex their muscles to get it their way and are rather just waiting for the other party to tire out.
After consolidating in a narrow range of approximately 22 points, Bitcoin looks set to end the week on a flat note. Get the analysis for July 21, 2014 here.
After spending a considerable amount of time consolidating near 615, Bitcoin has finally witnessed a “relief” rally on the back of rising strength. Get the full analysis for July 18, 2014 here.
The Bitcoin market desperately needs a big news or development that could trigger a breakout in the price which has been moving sideways in a narrow band of 20-25 points since 5th July 2014.
Get the Bitcoin forecast for July 16, 2014 here.
Get the Bitcoin forecast for July 13, 2014 here.
BTC/USD has formed a lower-top lower-bottom structure with no signs of a trend reversal as of yet. The momentum has clearly weakened and the price is expected to continue to drift lower.
The price of Bitcoin after closing below the support level of 638 has been unable to make any major upmove. Get the forecast for July 7, 2014 here.
Get the trading week started with this Bitcoin/USD technical forecast for July 6, 2014 here.
Get the Bitcoin forecast for July 2, 2014 here.
The USMS auction brought great news for Bitcoin traders and investors, who for a long time, have been waiting for a good breakout. After spending a considerable period near 600-610 levels, the price finally broke free and shot up nearly 7% to 640 levels owing to a successful auction in which 45 registered bidders participated.
After a short-lived rally, Bitcoin has again slipped into consolidation mode. BTC/USD, which managed to break out from its lower-top lower-bottom price structure owing to the auction held by the US Marshals Service on the 27th June has once again formed a narrow range near 600.
Bitcoin is currently trading near its previous support level of 580 which is just at around 2-3% below the resistance level of 595. Get the analysis for June 27, 2014 here.