Cryptocurrency News and Market Reports

We will consider a LONG position on a selloff back down to the 0.0XXX - 0.0XXX level

The bears have certainly been taking advantage of their renewed strength over the past 24 hours considering the 5500 $ area that we spoke at length about yesterday was broken quite quickly and easily...

The bitcoin markets have remained under pressure over the past 24 hours as expected which has sparked multiple spikes well below the 6300 $ level...

The bitcoin bulls did their best to defend the 6475 $ level over the past 24 hours despite quite stretched momentum indications on many short-term timeframes but ultimately failed to do so...

Now price is back above 6400 $ on the way higher with somewhat recharged momentum and favorable price action signals which are confirming our outlook from yesterday...

Bitcoin has retreated back down to the 6300 $ area over the past several hours following a spike up to the 6350 $ level which has confirmed the near-term trading range...