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Bitcoin Price Analysis: Market Is Set for Deeper Tests

[Nov 1, 2019 8:44 PM] Summary: The bitcoin market has seen several tests of its $9,000 support and a failure to rally above the weekly resistance zone at $9,250.If the market breaks support, the next logical level to test is at the $8,700s. The $8,700 level is a logical…

Bitcoin Price Analysis: Bulls Reverse Entire Bearish Drop

[Oct 25, 2019 9:15 PM] Summary: A $1,500 candle proved bullish resolve for the bitcoin price as the entire bearish drop that occured this week was engulfed.The market is currently testing a major level in the $8,800s and there is a potential short squeeze setup that…

Bitcoin Price Analysis: Strong Rally Retests Macro Resistance

[Oct 8, 2019 10:03 PM] Summary: The bitcoin market is experiencing a strong rally that has us testing the strength of the $8,300 resistance level.So far, the support level at $8,090 is holding and as long as the daily candle doesn’t close below the support level the…

Bitcoin Price Analysis: Deep Shakeout Rallies Off Strong Support

[Sep 19, 2019 9:46 PM] Summary: A deep test of support pushed the bitcoin market down $600 over the course of an hour. Ultimately, after testing weekly support, the market managed to retrace the entire drop and push a new high.At the moment, we are retesting macro…

Range-Bound Market Tests Macro Milestones

[Sep 13, 2019 7:10 PM] Summary: Amid an otherwise uneventful market structure, bitcoin seems to be making a consolidation pattern known as a “head and shoulders bottom.” The pattern is still forming and is not yet actionable, but if it manages to break to the upside…

Monthly Macro Support Tested With Impulsive Move

[Sep 6, 2019 9:22 PM] Summary: Shortly after seeing a retest of macro resistance at $10,750, the bitcoin market saw a strong pullback that has us testing a monthly supply level of $10,300. The support retest came about on strong volume and high spread, but is currently…

Bitcoin Price Analysis: Weekly Support Sends Market Soaring

[Sep 4, 2019 9:09 PM] Summary After last week’s test of macro support, bitcoin rallied over $1,000 in just a few days.At the moment, the market is testing a crucial resistance level at $10,750. This level represents a monthly swing high that is testing the supply of…