Market Analysis: Bitcoin (BTC) Rises to Over $11,000 as Bitcoin (BTC) Dominance Percentage Increases to 62.2%

July 3, 2019  /  by Zachary Mashiach
Bitcoin (BTC) has continued to gain since hitting a low of $9,700 yesterday morning, rising as high as $11,500 today. Currently, Bitcoin (BTC) has leveled off slightly and is trading between $11,200 and $11,300. The critical support level for Bitcoin (BTC) is $10,000, and for now, it appears Bitcoin (BTC) will not imminently break below… Read more

Bitcoin (BTC) and Bitcoin Cash (BCH)

July 3, 2019  /  by Bill Noble
With carnage continuing in the alt space and Bitcoin Dominance back near a key chart point at 62%, we are asking if there is anything out there than can follow Bitcoin (BTC) on the next leg higher (Figure 1). Figure 1 Before we get to that, just a quick note that Bitcoin (BTC) is in… Read more

Market Analysis: Bitcoin (BTC) Rises $1,100 Today After Dropping as Low as $9,700 This Morning, Crypto Market Mixed

July 2, 2019  /  by Zachary Mashiach
Bitcoin (BTC) has continued to be highly volatile over the past 24 hours. Yesterday evening, Bitcoin (BTC) was near $10,600, before dropping to $9,700 during the early morning hours. Around 5 a.m. Eastern time, Bitcoin (BTC) rose to $10,300, only to fall to its lowest point of the day just below $9,700 a few hours… Read more

Bitcoin (BTC) vs. Facebook (FB)

July 2, 2019  /  by Bill Noble
Looking at the tactical outlook in both Bitcoin (BTC) and Facebook (FB), we notice a study in contrasts. Bitcoin (BTC) on BitMEX is bouncing off key diagonal support near 10,000 (Figure 1). We also have hand kept Gann work (not shown) showing that the low yesterday hit a key Gann support level. So, the bounce… Read more

Bitcoin (BTC), Ethereum (ETH), EOS: Big Time

June 28, 2019  /  by Bill Noble
Looking at the Bitcoin (BTC) weekly chart (Figure 1), we see that a major 3-wave uptrend is in place. If Bitcoin (BTC) achieves a weekly close above $12,000, a move to the top of the range at $14,000 becomes possible. Figure 1 Charts continue to show the possibility of a big move in big coins.… Read more

Market Analysis: Bitcoin (BTC) Rallies Over $2,000 In 24 Hours, Total Crypto Market Cap Gains $45 Billion

June 28, 2019  /  by Zachary Mashiach
After hitting a new 2019 high of $13,880 on Wednesday the price of Bitcoin (BTC) sharply declined, and this decline continued through yesterday afternoon when Bitcoin (BTC) bottomed out at $10,300. However, the Bitcoin (BTC) market then pivoted, and now Bitcoin (BTC) has risen over $2,000 in just 24 hours. Currently Bitcoin (BTC) is trading… Read more

Bitcoin (BTC): Raiders of the Lost Art

June 28, 2019  /  by Bill Noble
In our view, it is important to understand why Bitcoin burst higher to $13,000.  In December of last year, we published a piece laying out a theory for a move in Bitcoin (BTC)  to $13,000. The theory was based on the fact that major institutional investors were going to get forced to buy Bitcoin (BTC)… Read more

Market Analysis: Bitcoin (BTC) Drops from $13,880 to $10,400 as CME Bitcoin Futures Expiration Approaches

June 27, 2019  /  by Zachary Mashiach
Bitcoin (BTC) reached a new 2019 high of $13,880 at 4 p.m. Eastern time yesterday afternoon, while simultaneously the total crypto market cap hit a new 2019 high of $387 billion. However, Bitcoin (BTC) and the crypto market have been on a sharp downtrend since then, with Bitcoin (BTC) declining to as low as $10,400… Read more

Market Analysis: Bitcoin (BTC) Rallies to New 2019 High of $13,880 Before Late Afternoon Drop, Other Major Cryptocurrencies Weakening Relative to Bitcoin (BTC)

June 26, 2019  /  by Zachary Mashiach
Bitcoin (BTC) reached a new 2019 high of $13,880 around 3 p.m. Eastern time, which was a gain of over 20% in 24 hours and up 342% since the bear market low in December. On the long-term chart, we can see that this current Bitcoin (BTC) rally can only be compared to the rally in… Read more

Market Analysis: Bitcoin (BTC) Continues to Be Bullish as it Rises Towards $11,500, Crypto Market Mixed, Burstcoin (BURST) Rallies 122% This Week

June 25, 2019  /  by Zachary Mashiach
Bitcoin (BTC) hit a new 2019 high of $11,470 at 7 a.m. Eastern time this morning, wrapping up a $700 rally that began yesterday afternoon around 5 p.m. After hitting the new 2019 high, Bitcoin (BTC) quickly dropped, but found support at $11,100 around 8 a.m. Since then, Bitcoin (BTC) has been steadily rising and… Read more