Despite the fact that volatility picked up early last week on a rally above $615, since the breakout the market has settle back into its old, stagnant ways.
Adam Wyatt
Adam Wyatt (aka, AKWAnalytics) is the Chief Analyst and Editor for BullBear Analytics. Adam has been with BBA for over three years providing daily coverage of the cryptocurrency markets. Adam holds a BA in Economics and Political Science from the University of Colorado at Boulder, as well as an MBA with a concentration in Finance from CU-Boulder. Prior to joining BBA Adam was in commercial real estate and consumer banking, although his true passion has always been analyzing and trading financial markets using technical analysis as a foundation. This passion is infused into BBA's work everyday. Adam resides in Austin, TX where he enjoys live music, good beer, and great people.
Bitcoin Price at a Crossroads: Full Retrace or Breakout Above $640? Price Compression Continues to Strangle Bitcoin as Indecision Grips the Market Bitcoin did see a slight pickup in volatility immediately following the Labor Day holiday in the US, although more recently price has once again fallen into a contracting range.
Despite Bearish Price Action Over the Weekend, Bitcoin Remains in a Trading Range Given a slow news cycle as well as mixed short to medium term technicals, the market has been under some pressure over the past few days following yet another failed attempt to break above $600.
Bitcoin Slowly Recovers Following Bitfinex Hack and Price Dump The cryptocurrency news cycle was dominated last week by the announcement that Bitfinex was the victim of a theft to the tune of 119,756 BTC. The market continues to struggle with the implications of this event.
Bitcoin Markets Under Pressure Following Drop in Price and Hash Rate The combination of weak near term technicals, a dip in hash rate, questions over a secretive miner/Core dev meeting, and sustained interest in ETH/ETC has pushed Bitcoin’s exchange rate down more than $20 over the weekend.
Bitcoin Remains in a Trading Range While All Eyes Are On Ethereum and Ethereum Classic Despite a somewhat more bullish outlook in last week’s report, once again the market could not get sustainably above the key $680 resistance level (or below the critical 640 $ support level).
Bitcoin Looks Poised to Breakout, But Heavy Resistance Remains Overhead As expected, the bitcoin markets have been relatively stable over the past week, although it now looks like a rally up to resistance is becoming more and more likely
Bitcoin Price Remains in a Trading Range After Halving As the Bitcoin community celebrates the 2nd successful quadrennial block reward halving, market participants seems less enthusiastic about the event.
Bitcoin Bull Market on Pause as Market Digests Uncertainty Brexit, halving, auctions and exchange problems have dampened demand enthusiasm for Bitcoin over the near term.
Where Goes Ether After DAO Drama: Bears Rule But Pivot May Be Near While bitcoin treads water in the mid-$750’s following another bullish week, the Ether’s technicals are overwhelmingly bearish.
Bitcoin Price Analysis (Week of June 12th) Welcome to the all new Cointelegraph Weekly Market TA Report presented by BullBear Analytics