#Price Analysis

BTC-USD Breaks $500 Handle on Increased Buying Interest From China

May 30, 2016 by Jamie Holmes at News, Price Analysis

BTC-USD managed to break the $500 psychological level and almost reached fractal resistance at $548, posting a fresh 21-month high of $540.00 on the BitStamp exchange. The price action has calmed since and has retreated lower with the price currently at $532.29, up 2.79 percent on Monday’s open. Increasing outflows...

BTC-USD Breaks $450: Will the $500 Handle Meet Same Fate?

May 28, 2016 by Jamie Holmes at News, Price Analysis

A strengthening in BTC-USD, which has corresponded with a fall in the value of the Yuan, has precipitated increased buying interest from China and ignited strong bullish momentum. But how far will this momentum take us? The market is currently eyeing a break of psychological resistance at $500 which previously...

Price Analysis: Will BTC-USD Break the Psychological $450 Level?

May 24, 2016 by Jamie Holmes at News, Price Analysis

Bitcoin is little changed on today’s opening price, up 0.61% currently trading at $445.70 on the BitStamp exchange. The 4-hour chart below illustrates bullish dominance throughout the most recent trading sessions, but this move could be running out of steam as indicated by the fractal sell level formed recently at...

Price Analysis: ETH-USD Due for an Imminent Test of All-Time High?

May 19, 2016 by Jamie Holmes at News, Price Analysis

Bullish momentum has exploded in ETH-USD with the price on the Kraken exchange up over 5% today following three consecutive days of gains. The price at the time of writing stands at $14.20 with the market eyeing both the psychological handle at $15 and the all-time high at $15.17999. This...

Bearish Breakout Imminent for BTC-USD?

May 12, 2016 by Jamie Holmes at News, Price Analysis

BTC-USD has hardly moved from today’s open, down just 0.07% on the BitStamp exchange so far today. The chart below illustrates the long-term outlook with the 4-hour price action and shows the current price as $452.58. The price action is currently trading within the Ichimoku cloud; a break below the...

Price Analysis: Is ETH-USD Preparing for a Nosedive?

May 10, 2016 by Jamie Holmes at News, Price Analysis

After attempting numerous times to break psychological resistance at $10.00000, ETH-USD looks as if it is preparing for a nosedive. The price is currently trading at $9.35006 on the Kraken exchange, hardly changed on today’s open. The chart below shows the 4-hour price action on the exchange and illustrates that...

Bullish Set-up for the Weekend in BTC-USD

May 6, 2016 by Jamie Holmes at News, Price Analysis

BTC-USD is currently up just over 1% on the BitStamp exchange today trading at $453.99, pushing higher above psychological resistance at $450. The US Dollar has weakened against currencies and commodities today as the Non-Farm Payroll, a major indicator of the health of the US labour market, came in below...

Bearish Breakout Appears Imminent for ETH-USD

May 3, 2016 by Jamie Holmes at News, Price Analysis

After posting a brief high above the $10 handle, ETH-USD has slumped by almost 7% today losing around $0.70 from today’s open. The current price on the Kraken exchange is $9.45 and the chart below illustrates the long-term outlook using the 4-hour price action. The market has attempted to drive...

graph showing red background and falling bars and bitcoin sign, bitcoin price is falling/fallen by large percentage

BTC-USD Down By Over 3% On Profit-taking

April 27, 2016 by Jamie Holmes at News, Price Analysis

BTC-USD is trading around 3% lower than today’s open on the BitStamp exchange with the price currently at $453.65. The strong downward move could be followed by a strong trend continuation downwards as BTC-USD posted a fresh high around $470.02 on Sunday. This is mostly driven by profit-taking, where selling...

Price Analysis: BTC-USD Eyeing $460 Following a Bullish Breakout

April 20, 2016 by Jamie Holmes at News, Price Analysis

With BTC-USD breaking out of the tight range between fractal resistance and support, and increasing trading volume on the BitStamp exchange, Bitcoin is on the rise. The price is currently trading at $442.63, up 1.61% on today’s opening price. Increased buying interest in BTC-USD is illustrated in the graph below;...

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