Bitcoin markets are still being divided as the run from Bitfinex continues. Whilst what used to be the leading bitcoin exchange suffers from a prolonged block of FIAT transactions, bitcoin traders are buying at a premium in an effort to cash out. This might be putting markets in an odd spiral that’s leading prices up…
In so far, traders seem to be in a fight where the majority of them stands against selling pressure. As large downward spikes are being slowly but stably countered by back to back buy orders.
Major Signals
Buying pressure has kept BTC/USD rates on a rising trail in spite of the road being bumpy due…
With FIAT transfers being blocked and delayed over the last few days in Bitfinex, the exchange popular among bitcoin traders might be moving away from being a market leader in the western world. While volumes of Bitfinex’s BTC/USD pairs have gone up dramatically, they’re not representative of real trades as the exchange has traders cut…
Bitcoin markets seemed a little divided over yesterday’s trading session, with BTC/USD rates seemingly having entered a sideways trailing trend whilst trading volumes stagnantly low for what traders had gotten used to. Now, through today’s trading session, a large upward spike pushed bitcoin prices a step closer to $1200.
Major Signals
Low volumes rere disrupted…
With trading volumes having gone straight down since the days bitcoin’s price was rallying, not much is observed within markets in terms of developments. Traders are however showing support for levels above $1150, with even buy walls outweighing sell walls. It could be that the underlying support seems stronger in a trading session with such…
While bitcoin markets stopped riding on the confidence promoted by the dominant buying pressure throughout preceding trading sessions. In so far, after a low point slightly below $1170 levels, BTC/USD rates peaked close to a $1220 price point in the recent houts. Whilst selling pressure had a presence through the day, no downturn took place…
Bitcoin prices were kept under $1200 levels for quite a few hours through yesterday’s trading session as traders appeared to be fighting a losing battle with selling pressure. Ultimately, prices have recovered above this level today, yet the sustainability of such a development is still uncertain under the current market sentiment.
Major Signals
Selling pressure…
Bitcoin markets seem to be in par with the notion that $1200 levels are here to stay, as traders keep responding to downward swings with buying pressure and back to back buy orders. In spite of trading volumes going down considerably, buying pressure effectively battles volatility, keeping BTC/USD rates are levels above the recent break…
A major break through has happened in bitcoin markets through recent hours in the current trading session. Big buy orders were placed back to back, pushing the price up to 1225 levels. The strong buying pressure experienced through the day has sent support levels stand behind even the recently reached price levels.
Major Signals
Strong…
Bitcoin markets keep having a hard time as buυing pressure continues declining. In spite of trading volumes going down, bearish sell orders have kept handling the price ever since a recent break through had prices trading above $1200 levels. In spite of the numerous points at which BTC/USD rates reached close to $1200, recent developments…
