The BTC/USD market did eventually see a correction after the price rise. All it took  for the price to drop again was a few large back to back sell orders, although the price has since recovered. Major Signals A few substantial sell orders dropped the price down to $750 levels, following the price spike that…

It’s been a surprisingly good couple of days for BTC/USD markets. Buying pressure kept pushing the price up through new highs with great momentum after the price spike. Major Signals Selling pressure seems to only be influencing the price when the high of $775 is reached, as major drops of the day only happened in…

Yesterday’s bull run not only broke resistance, but also ushered the price to levels above $750. The market seems to have embraced the price rise, as we’ve yet to see a drop below that level. Major Signals Market sentiment has changed dramatically since the time before the price rise leading to levels above $750. …

Bitcoin markets moved away from the bearish market sentiment surprisingly quick. Buying pressure broke through resistance today, and in spite of the fact that support hasn’t formed below the newly reached levels it looks like selling pressure didn’t manage to suppress the price rise. Major Signals A significant but stable stream of buy orders lead…

The increased trading volumes in BTC/USD markets in the last couple of days hasn’t managed to keep selling pressure and resistance down. Substantial buy orders are suppressed by sell walls, and the price keeps dropping below the $730 level. Major Signals Volatility seems to be a major factor in the market today as volumes are…

Bitcoin’s price fell below 730$ multiple times in the last couple of days. Now, a sideways trend seems to be making rounds in the market after a spike helped the price recover from a fall down to $722 earlier today. Major Signals Major resistance at $735 makes it look like a breakthrough above this level…

Some rather unexpected back to back sell orders caused a substantial price drop yesterday, making BTC/USD reach a bottom of $720. Thankfully, this bearish takeover didn’t manage to cause a price drop below that level, but previous support levels were still breached, and the outlook isn’t bright. Major Signals The market is still bearish after…

Volumes seem to have picked up after the bottom of $730 was reached yesterday. The price did peak above $740 in the meantime but today traders are waking up to some large sell orders as profit taking comes into play. Major Signals Support at $730 wasn’t breached and remains around that level. Selling pressure…

Traders saw BTC/USD managing to break above $750 and stay above it for a short period of time yesterday, yet in the end, selling pressure to outweigh buy orders once again. Support at this point doesn’t seem nonexistent, but it’s underlying at around $730. Major Signals Increased volatility as a result of the recent breakthrough…

Some unexpectedly large buy orders shot bitcoin’s price back above $750 this evening. The market is still trying to adapt to this sudden change but it seems like there’s quite a bit of resistance to further upward movement. Major Signals Large orders pushed BTC/USD back above the $750 level. Support against major price drops…