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Bitcoin Price Analysis: Slow Grind Could Lead to Short Squeeze

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Bitcoin Price Analysis: Slow Grind Could Lead to Short Squeeze

Last Friday, we discussed a macro resistance level bitcoin would likely test. The level was tested three times prior and immediately rejected. Now, for the fourth time, we find ourselves situated above the level …

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Bitcoin Price Analysis: Could Three Times Be the Charm for This Resistance Level?

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Bitcoin Price Analysis: Could Three Times Be the Charm for This Resistance Level?

Bitcoin remains in its tightly coiled range as the market continues its sideways trend for the third week in a row. While macro support has been tested three times recently, we have yet to test the overhanging ma…

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Bitcoin Price Analysis: Low Time Frames Show Signs of Life Amid Weekly Tests

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Bitcoin Price Analysis: Low Time Frames Show Signs of Life Amid Weekly Tests

Bitcoin continues to coil tightly within its range-bound market as the bulls and bears fight it out to see which is most dominant. On the lower time frames (TF), bitcoin is managing to find support:Figure 1: BTC-…

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Bitcoin Price Analysis: New High Paves Potential Reversal Setup

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Bitcoin Price Analysis: New High Paves Potential Reversal Setup

After days and days of consolidation, bitcoin finally managed to break a new high for the first time in almost two weeks. This new high, so far, has been short lived, however, as it was almost immediately sold in…

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Bitcoin Price Analysis: Short-Term Support Breaks on High Volume and Spread

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Bitcoin Price Analysis: Short-Term Support Breaks on High Volume and Spread

Leading into the London open, bitcoin broke through its local support level in a move that seems to be hinting toward a downward continuation:Figure 1: BTC-USD, Daily Candles, Broken Local SupportSo far, our dail…

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Bitcoin Price Analysis: Bullish Rejection Wipes Out Bitcoin’s Weekend Gains

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Bitcoin Price Analysis: Bullish Rejection Wipes Out Bitcoin’s Weekend Gains

Over the weekend, a strong rally was stifled by an even stronger rejection as the bitcoin market was shoved into a band of overhanging resistance. This band of resistance has been mentioned several times in our a…

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Bitcoin Price Analysis: Bullish Setups Could Break Current Market Structure

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Bitcoin Price Analysis: Bullish Setups Could Break Current Market Structure

The cryptomarket remains coiled as we lead into the weekend with no new highs and no new lows being established for bitcoin. However, it is nicely consolidating on lower time frames and hints toward the possibili…

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Bitcoin Price Analysis: Consolidation Breaks Out Into Macro Resistance Test

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Bitcoin Price Analysis: Consolidation Breaks Out Into Macro Resistance Test

Over the course of the last 10 days, bitcoin has managed to rally nearly 20% in value as it burst through two major resistance levels and is now beginning the test of a major macro level:Figure 1: BTC-USD, Daily …

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Bitcoin Price Analysis: After Sudden Upswing, Bitcoin Price Drifts Downward

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Bitcoin Price Analysis: After Sudden Upswing, Bitcoin Price Drifts Downward

Last week, we saw a violent move to the upside as bitcoin rallied 11% over the course of one day. Since peaking in the upper $3,600s, bitcoin has seen close to zero bullish follow-through, and the price has begun…

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Bitcoin Price Analysis: Strong Rally Set to Test Overhanging Resistance

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Bitcoin Price Analysis: Strong Rally Set to Test Overhanging Resistance

Shortly after the London Open, the entire crypto market saw a strong round of buying. Some coins broke their highest volume seen since the beginning of the bear market, and several others broke straight through o…

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