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

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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, …

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Bitcoin Price Analysis: Selling Pressure Leaves Macro Level Untested

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Bitcoin Price Analysis: Selling Pressure Leaves Macro Level Untested

Summary:The bullish market structure that we have established over the last couple of weeks remains intact, despite the strong round of selling that the bitcoin market saw a couple of days ago.The weekly 5…

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Bitcoin Price Analysis: Upward Consolidation Hints Toward Diminishing Market Supply

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Bitcoin Price Analysis: Upward Consolidation Hints Toward Diminishing Market Supply

Summary:The bitcoin market has seen sustained buying pressure as the daily candles have continuously closed new highs following the impulsive move that brought us to the $5,000 levels.From an intraday pers…

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

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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 b…

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Bitcoin Price Analysis: Upward Drift Continues Following Established Macro Support

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Bitcoin Price Analysis: Upward Drift Continues Following Established Macro Support

By Bitcoin SchmitcoinCopyedit by Ashley LachanceSince 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 …

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Bitcoin Price Analysis: Slow Upward Drift Tests Market Supply

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Bitcoin Price Analysis: Slow Upward Drift Tests Market Supply

A slow, grinding upward drift has been the name of the game for bitcoin’s market over the last few weeks. The upward drift is bringing us slowly to a level that was previously rejected violently:Figure 1: BTC-USD…

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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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