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Technical Analysis

Bitcoin 2020: Bitcoin Halving, Soft-Fork, Hash-Rate All-Time-High, and Bakkt Consumer App for Crypto Purchases

Bitbuy Staff
January 20, 2020

Bitcoin 2020: Bitcoin Halving, Soft-Fork, Hash-Rate All-Time-High, and Bakkt Consumer App for Crypto Purchases Bitcoin (BTC/USD) experienced a dramatic, and impulsive 43% surge from the recent $6 425 ($8 397 CAD) lows, wicking above $9k ($11 762 CAD) and the 200-day simple moving average on the daily chart, but unable as of yet to close […]

Technical Analysis

Bitcoin TA: Bitcoin Below Key Resistance, Iran Tension, and the Launch of Bitcoin Options

Chris Colin
January 14, 2020

Bitcoin (BTC/USD) has been consolidating directly below key resistance, and momentum seems to be slowing down since bitcoin’s tremendous 31.73% surge in price from the $6 425 ($8 391 CAD) recent lows.  The narrative, which has been widely circulated, is that bitcoin is following safe-haven assets, such as gold. When tension between the USA and […]

Technical Analysis

Nations and Banks Are Developing New Digital Currencies, Threat Or Encouraging For Bitcoin? Weekly T/A

Chris Colin
December 9, 2019

Central banks start experimenting with digital currencies. Is this a direct threat to bitcoin, or will bitcoin’s popularity continue?   It seems that even more countries and central banks are now catching on to the benefits of developing a central bank digital currency, with the ECB, the Bank of France (Banque de France, and the […]

Technical Analysis

Weekly Bitcoin Technical Analysis, December 2nd, 2019

Chris Colin
December 2, 2019

Newly proposed law could enable German banks to support the sale and custody of bitcoin by 2020; and ECB plans for a European central bank digital currency.   There seems to be luke-warm sentiment on the crypto-regulatory front. Germany’s news agency, Handelsblatt, has reported that as from 2020, a new money laundering bill is being […]

Technical Analysis

Weekly Bitcoin Technical Analysis, November 25th, 2019

Chris Colin
November 25, 2019

Bitcoin bears take the price to 6 month lows: The unravelling of China’s blockchain euphoria, a major low for December, and a potential reversal in the weeks to come.   Bitcoin (BTC/USD) has fallen to it’s lowest price level in over 6 months. The bullish case failed to materialize last week  after the hidden bullish […]

Technical Analysis

Weekly Bitcoin Technical Analysis, November 18th 2019

Chris Colin
November 18, 2019

Bullish Developments: Bakkt announces enterprise-grade institutional bitcoin custody, and multiple bullish divergence signals on the higher time frames   Last week, there was an announcement from Bakkt, the crypto subsidiary of the Intercontinental Exchange, that ‘Bakkt Warehouse’, their qualified custodian of bitcoin, will begin holding the bitcoin assets of their institutional investors.   Previously, the […]

Technical Analysis

Weekly Bitcoin Technical Analysis, November 11th 2019

Chris Colin
November 11, 2019

Bitcoin building bullish momentum: A headline article in the Chinese state newspaper, another US Fed rate cut, a short-term falling wedge, and hidden bullish divergence on the daily chart Bitcoin (BTC/USD) had a surprising acknowledgement on Monday morning, when a headline article was printed on the front page of Xinhua, the official state-run newspaper of […]

Technical Analysis

Weekly Bitcoin Technical Analysis, November 4th 2019

Chris Colin
November 4, 2019

Bitcoin ranging and consolidating above $9k ($11 832 CAD) support – Setting up a launchpad to $12k ($15 777 CAD) or a sweep of the lows?   Bitcoin (BTC/USD) has been stuck within a choppy range-bound corridor above key support since the end of October, after bitcoin experienced a 40% surge from $7 293 to […]

Technical Analysis

Weekly Bitcoin Technical Analysis October 28th, 2019

Chris Colin
October 28, 2019

30% Price Surge: China Blockchain Announcement or Short Squeeze?   Bitcoin (BTC/USD) experienced a 30% surge in price, rising impulsively back above the 200-day simple moving average (MA200) from $7 293 ($9 529 CAD) on 23 October 2019 to a $10 350 ($13 523 CAD) swing high only 3 days later.   This was the […]

Technical Analysis

Weekly Bitcoin Technical Analysis October 21st, 2019

Chris Colin
October 21, 2019

Short-Term Outlook   Bear Flag Pattern   Bitcoin (BTC/USD) surged during yesterday’s North American trading session, trading as high as $8 310 ($10 889 CAD), before profit-taking ensued, finding short-term support right at the 4-hour 100-bar simple moving average (MA100), above the $8 200 ($10 747 CAD) support level during the subsequent Asian trading session. […]

Technical Analysis

Weekly Bitcoin Technical Analysis October 15th, 2019

Chris Colin
October 15, 2019

Bitcoin (BTC/USD) was battling major horizontal resistance between $8 450 ($11 162 CAD) and $8 520 ($11 254 CAD) at the time of the weekly close, only really managing a 0.382 Fibonacci retracement of the drop from $8 820 to $8 222 ($11 650 – $10 860 CAD) on the 4-hour chart, before depreciating sharply, […]

Technical Analysis

Weekly Bitcoin Technical Analysis October 7th, 2019

Chris Colin
October 7, 2019

Bitcoin (BTC/USD) has shown extended weakness since the unsuccessful retest of $8 500 ($11 326) last Tuesday. That level was the 50% retracemement level of the entire move from $3 122 to $13 880 ($4 159 – $18 494 CAD), which at the time, was sitting right at both the 200-day simple moving average (MA200), […]

Technical Analysis

Weekly Bitcoin Technical Analysis September 30th, 2019

Chris Colin
September 30, 2019

Bitcoin (BTC/USD) has had a tumultuous week, first breaking below the $9500 / $9600 ($12 569 / $12 702 CAD) trendline support of the corrective phase, then breaking down from the critical $9 386 ($12 419 CAD) triangle support, which then became the catalyst for bitcoin to descend into free-fall mode, losing both the 200-day […]

Technical Analysis

Weekly Bitcoin Technical Analysis September 23rd, 2019

Chris Colin
September 23, 2019

Bitcoin (BTC/USD) reached an exciting milestone on Monday 19:55 (EST), with Bakkt launching the very much-anticipated bitcoin futures trading on the Intercontinental Exchange (ICE), the first of it’s kind to offer physically-settled bitcoin futures trading after receiving US regulatory approval from the Commodity Futures Trading Commission. It’s easy to get caught up in all the […]

Technical Analysis

Weekly Bitcoin Technical Analysis September 16th, 2019

Chris Colin
September 16, 2019

Bitcoin (BTC/USD) continued the downtrend last week, before finding support in the early hours of 11 September at $9 855 ($13 064 CAD) and the 0.618 Fibonacci retracement level of the prior impulse wave from $9 320 to $10 949 ($12 355 – $14 514 CAD) on the daily chart. BTC has since found itself […]

Technical Analysis

Weekly Bitcoin Technical Analysis September 9th, 2019

Chris Colin
September 9, 2019

Bitcoin (BTC/USD) has been flashing red since the start of the weekend after unsuccessfully retesting the major $10 950 ($14 393 CAD) resistance level, which BTC needed to clear in order to resume the bullish uptrend after a tedious corrective phase from the recent $13 880 ($18 245 CAD) peak.   Bitcoin seems to still […]

Technical Analysis

Weekly Bitcoin Technical Analysis September 3rd, 2019

Chris Colin
September 3, 2019

Bitcoin (BTC/USD) has climbed back above both the 50-hour and the 100-hour simple moving averages (MA50 and MA100) during the early Asian trading session, reaching $9 832 ($13 093 CAD) on Bitstamp shortly after the weekly close, and showing some redemption after a lacklustre monthly close for August, a choppy month which many traders will […]

Technical Analysis

Weekly Bitcoin Technical Analysis August 26th, 2019

Chris Colin
August 26, 2019

Bitcoin (BTC/USD) experienced a surprising $750 ($996 CAD) surge over 3 hours on Monday, after a fairly stable weekly close, mainly as a direct result of the escalating trade war between the US and China. The Yuan hit an 11 year low on Monday and US Indices are down after further tariffs were imposed by […]

Technical Analysis

Bitcoin Technical Analysis – August 19th, 2019

Chris Colin
August 19, 2019

Bitcoin (BTC/USD) has chosen its path after a week of uncertainty and consolidation right below trend line resistance. BTC was again unable to close above that resistance at $12 000 ($15 921 CAD) on the weekly chart, and was unable to clear neither the 0.214 retracement level ($11 577) ($15 360 CAD) of the larger move from $3 122 […]

Technical Analysis

Bitcoin Technical Analysis – August 12th, 2019

Chris Colin
August 12, 2019

Bitcoin (BTC/USD) has experienced higher levels of volatility of late, as global uncertainty, and the trade war between the US and China intensifies. Bitcoin is also developing a newly-formed inverse correlation to alts, as BTC looks to potentially join the ranks of ‘safe haven’ assets. After multiple unsuccessful attempts, BTC was again sharply rejected from […]

Technical Analysis

Bitcoin Technical Analysis – August 6th, 2019

Chris Colin
August 6, 2019

Bitcoin  (BTC/USD) had surged during the Asian trading session and in the first few hours since the weekly close, and seems to be in a potential blow-off phase of this recent impulsive move from $9,111 ($12 018 CAD). Over the course of this past weekend, BTC managed to first close back above the 50-day simple moving […]

Technical Analysis

Bitcoin Technical Analysis – July 18th, 2019

Jordan Anderson
July 18, 2019

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