First the first time in several days, bitcoin markets are under the effect of a somewhat bearish market sentiment. Traders might have given up on trying to break through new highs after stumbling upon stronger resistance right below $1300 price levels. Strong selling pressure came in to cause a price drop from $1290 down to…

Bitcoin markets have continued pushing prices up as the bullish market sentiment has remained persistent. Yet, throughout the past trading session, the fact that BTC/USD rates had started reaching closer to new resistance levels started a wave of volatility. However, with prices peaking at $1290 levels and selling pressure becoming apparent after that point, the…

Bitcoin markets are continuing to be bullish as the recent price rise also triggered a sizeable increase in trading volumes. Large buy orders keep pushing the price up, with the market’s reception to the current price rise still being positive. Whilst selling pressure is still present, significant price falls have yet to be recorded amid…

A bullish mood is back in bitcoin markets as BTC/USD rates rocked past resistance with the help of strong buying pressure. After peaking close to $1230 levels, the price appears to be settling highly above $1200 with no signs of bearishness. Support above what was previously perceived as resistance has already formed too, in a…

Bitcoin markets are still affected by resistance after the price fall below $1200 levels. Buy pressure is still strong yet price levels seem to be declining whenever met with resistance. Whilst an upward trend pushed BTC/USD rates close to the resistance level, the market’s momentum wasn’t quite enough for a breakthrough to take place. Major Signals…

Bitcoin markets took off after having shaken part of the negativity surrounding bitcoin’s price. BTC/USD rates broke through resistance at $1200 levels and even traded above such levels for brief periods of time through the day. Yet, profit taking had sufficient pressure to push bitcoin prices back down to $1190 levels, where the price has…

Bitcoin markets are going through a recovery phase following a trading session through which selling pressure continued to push prices down. BTC/USD rates went on to trade above $1080 levels but the price has since settled slightly below $1080. This a recovery following a downfall down to $1030 levels. Major Signals Whilst trading volumes are…

Bitcoin’s price seems to be entering a transitional period as the bullish rising experienced throughout past trading sessions is now in decline. Selling pressure is becoming more apparent while sell orders are for once outweighing buying pressure. Whilst the market didn’t end up into a more widespread sell off, its sentiment has certainly taken a…

One of the largest sell orders was filled through the span of the last trading session. The large size of the sell order in question did manage to cause a drop in BTC/USD rates, but the response of the markets was sufficient to prevent the price from dropping further. However, it’d be safe to say…

Bitcoin markets are going through a historic moment as BTC/USD rates have surpassed previous all time high levels. The ongoing uptrend not only managed to break through resistance, but markets are still showing potential to show support for further price rising. The market’s sentiment remain astoundingly bullish as the price keeps rising with no apparent…