Bitcoin Price Analysis: Daily Resistance Level Tested Following Strong Buying Pressure

Summary: Despite some strong, intraday selling, bitcoin’s macro-bullish market structure remains intact. So far, we have seen a test of two daily levels and have clearly established support. At the moment, the bitcoin market is working on testing a third level, but is currently feeling out the strength of the supply and demand. We have […]

Bitcoin Price Analysis: Sideways Consolidation Paves the Way for Macro Uptrend

Bitcoin Price Analysis: Sideways Consolidation Paves the Way for Macro Uptrend Summary: Buying pressure continues as the bitcoin market holds above the macro, bearish trendline and the monthly resistance level. There was a small amount of selling pressure but it was absorbed by eager bulls. The selling pressure seems to be profit taking as […]

Bitcoin Price Analysis: Upward Drift Continues Following Established Macro Support

Bitcoin Price Analysis: Upward Drift Continues Following Established Macro Support Since mid-February, the bitcoin market has continued to drift upward toward a band of strong, macro resistance (shown below as a red band). This slow, drift upward marks our fourth test of the resistance zone and, unlike the three prior tests, our rejection of […]