Bitcoin Price Reports & Free Daily Prediction - BullBear Analytics

Bitcoin Price Prediction for March 30, 2016

3/30/2016

Market Commentary:

Despite a false breakout from the 6-hour triangle last weekend, the 12-hour triangle remains fully intact like the daily one is. We can see clearly that price still wants to remain in the middle of this 400 - 430 $ contracting range for the time being as this is where the 200-period SMA, volume profile PoC, and SCMR dynamic support all sit.

Additionally, Willy is finally moving back to the downside and is about halfway to where we want it, while RSI and the Stochastic continue to recharge. Lastly, and most importantly in our opinion, is that fact that price is languishing on weak momentum, but the A/D line continues to press to the upside.

This is signaling an accumulation at current levels, which tells us that the market is being made to favor large players who want in at better prices.

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Disclaimer: Please always do your own due diligence, and consult your financial advisor. Author owns and trades bitcoins and other financial markets mentioned in this communication. We never provide actual trading recommendations. Trading remains at your own risk. Never invest unless you can afford to lose your entire investment. Please read our full terms of service and disclaimer at https://terms-conditions-disclaimer/.

Bitcoin Price Prediction for March 28, 2016

3/28/2016

Market Commentary (BTC):

No surprises over the weekend for BBA members as the breakout of the 6-hour triangle seemed inevitable last Friday, and indeed materialized as expected despite the lack of a buyable pullback prior to the move.

Once the upper trendline was broken on early Saturday morning, volume began to flow into the market on the bid side which helped pushed price all the way up above 430 $ with in a matter of a couple of hours.

Fast forward two days and the market has done little following the explosive, yet short-lived rally other than creep lower back down into support in order to try to put in another higher low. This is a completely normal and healthy occurrence following a powerful breakout.

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Disclaimer: Please always do your own due diligence, and consult your financial advisor. Author owns and trades bitcoins and other financial markets mentioned in this communication. We never provide actual trading recommendations. Trading remains at your own risk. Never invest unless you can afford to lose your entire investment. Please read our full terms of service and disclaimer at the BullBear Analytics Disclaimers & Policies page.

Bitcoin Price Prediction for 3/25/2016

3/25/2016

Market Commentary (BTC):

In typical bitcoin fashion the market did almost nothing overnight last night during OKCoin futures settlement, the opposite of what most participants were expecting.

Despite the fact that shorts continued to build positions going into the event, price barely moved from its 415 $ pivot point which is still proving to be rather important. This tells us that there is tremendous sideways pressure being put on the market that will magnify the eventual resolution out of these consolidation triangles on all relevant timeframes.

Also keep in mind that we are going into a weekend, a period that historically was not all that significant, however recently has been when the action occurs so keep a close on the the markets over the next few days.

GLGT!

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Disclaimer: Please always do your own due diligence, and consult your financial advisor. Author owns and trades bitcoins and other financial markets mentioned in this communication. We never provide actual trading recommendations. Trading remains at your own risk. Never invest unless you can afford to lose your entire investment. Please read our full terms of service and disclaimer at the BullBear Analytics Disclaimers & Policies page.

Bitcoin Price Prediction for 3/23/2016

3/23/2016

Market Commentary:

This market is stuck. Fundamentally speaking the market is simply waiting on scaling rollouts from the Core team due to start next month, this following what is for now being seen as a failed takeover by Classic.

Additionally, given that the tx spam attacks have ceased for now, transaction volume is pushing back down which means perhaps bitcoin is not growing quite as fast as previously thought. Lastly, Ether, among a few other major alts, continues to attract the attention of traders and investors which is shifting volatility away from bitcoin to these other markets.

While we view all of these issues as short term developments, they can continue to squeeze the market for now. Again, price remains in a consolidation, and the 400 - 420 $ trading range is still intact.

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Disclaimer: Please always do your own due diligence, and consult your financial advisor. Author owns and trades bitcoins and other financial markets mentioned in this communication. We never provide actual trading recommendations. Trading remains at your own risk. Never invest unless you can afford to lose your entire investment. Please read our full terms of service and disclaimer at BBA.

Bitcoin Price Prediction for 3/21/2016

3/21/2016

Market Commentary (BTC):

Relatively speaking, this past weekend was rather benign in terms of price action even though we did get the expected pullback into the low 400's $. Following a breakdown below 410 $, the Chinese exchanges went ahead and broke the daily triangle to the downside.

The end result of this breakage was positive for the bulls as panic selling failed to materialize en masse, and the ice is now already broken in case the Western exchanges decide to follow. This would not surprise us given that a majority of the bitcoin community sits on pin and needles under the assumption that we break lower.

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Disclaimer: Please always do your own due diligence, and consult your financial advisor. Author owns and trades bitcoins and other financial markets mentioned in this communication. We never provide actual trading recommendations. Trading remains at your own risk. Never invest unless you can afford to lose your entire investment. Please read our full terms of service and disclaimer at the BullBear Analytics Disclaimers & Policies page.

Bitcoin Price Prediction for 3/18/2016

3/18/2016

Market Commentary:

Currently the bitcoin market seems to be following the rough roadmap that we outlined in yesterday's Daily Update. Price did indeed break the 420 $ resistance level once again before failing to press up to the key 425 $ resistance level, which showed that the bulls were in fact exhausted after a lot of effort resulted in little to no movement upward. This was clear on the nearer term charts as momentum indicators were heavily overbought in a sideways trade, which made this selloff that we are seeing all the more likely.

Now price is sitting right back around the previously identified pivot point of 415 $, this time on the lower end of it, although the lack of a precipitous drop following a break of some fairly important very near term support levels is somewhat encouraging. That said, the market remains in the grips of uncertainty and indecision as we continue closer to the daily triangle apex. Tread carefully out there until we see a breakout.

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Disclaimer: Please always do your own due diligence, and consult your financial advisor. Author owns and trades bitcoins and other financial markets mentioned in this communication. We never provide actual trading recommendations. Trading remains at your own risk. Never invest unless you can afford to lose your entire investment. Please read our full terms of service and disclaimer at the BullBear Analytics Disclaimers & Policies page.

Bitcoin Price Prediction for 3/17/2016

3/17/2016

Market Commentary:

Well, it doesn't get much more boring than this despite a Fed meeting and volatility in the legacy markets yesterday, which empirically signals that a big move is on the horizon.

The phenomenon of range contraction followed by range expansion is even more amplified in the cryptocurrency markets due to lower liquidity and fewer participants, meaning that when price gets this constrained on charts all the way from the hourly to the daily we should expect an explosive move in the not too distant future.

Don't get trapped!

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Disclaimer: Please always do your own due diligence, and consult your financial advisor. Author owns and trades bitcoins and other financial markets mentioned in this communication. We never provide actual trading recommendations. Trading remains at your own risk. Never invest unless you can afford to lose your entire investment. Please read our full terms of service and disclaimer at the BullBear Analytics Disclaimers & Policies page.

Bitcoin Price Prediction for 3/16/2016

3/16/2016

Market Commentary (BTC):

We think it is safe to say that the 415 $ price level for bitcoin is now a pivot point for near term market direction. Fear seems to set in when we get too far below that level which persuades traders to exit longs at the bottom, while euphoria seems to take hold whenever the market gets a few bucks above there for more than a few minutes which washes out shorts.

This should come as no surprise given the market remains in a tightening consolidation in which 415 is the precise midpoint between the key 430 $ resistance level and the critical 400 $ support area.

Over the next few days the market will decide in which direction it will truly resolve...

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Disclaimer: Please always do your own due diligence, and consult your financial advisor. Author owns and trades bitcoins and other financial markets mentioned in this communication. We never provide actual trading recommendations. Trading remains at your own risk. Never invest unless you can afford to lose your entire investment. Please read our full terms of service and disclaimer at the BullBear Analytics Disclaimers & Policies page.

Bitcoin Price Prediction for 3/15/2016

3/15/2016

Market Commentary (BTC):

The slow grind higher for bitcoin continues despite Ether being listed and tradable on Bitfinex yesterday afternoon. Few, if any, ripples showed up in the comparatively very liquid bitcoin market as the slow and steady consolidation and accumulation within the daily triangle presses on unabated, which actually still has room for up to another three weeks of sideways chop.

That being said, we do think a breakout from the shorter term range to test either the upper or lower triangle trendlines is likely this week.

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Disclaimer: Please always do your own due diligence, and consult your financial advisor. Author owns and trades bitcoins and other financial markets mentioned in this communication. We never provide actual trading recommendations. Trading remains at your own risk. Never invest unless you can afford to lose your entire investment. Please read our full terms of service and disclaimer at the BullBear Analytics Disclaimers & Policies page.

Bitcoin Price Prediction for 3/14/2016

3/14/2016

Market Commentary (BTC):

While Ether continues to suck all of the air out of the cryptocurrency room, the fact that bitcoin has been able to sustain its price above 400 $ is a hidden sign of strength in our opinion. Profits from a meteoric rise in the newly popular altcoin could very easily be sold for bitcoin, which in turn can be sold for fiat, which you would think would be putting heavy sell pressure on the BTCUSD exchange rate.

This is not occurring (yet), at least not in a way that is significantly effecting the market, which tells us that buyers are soaking up the supply at current levels, yet another indication of accumulation in this 400 - 420 $ trading range.

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Disclaimer: Please always do your own due diligence, and consult your financial advisor. Author owns and trades bitcoins and other financial markets mentioned in this communication. We never provide actual trading recommendations. Trading remains at your own risk. Never invest unless you can afford to lose your entire investment. Please read our full terms of service and disclaimer at the BullBear Analytics Disclaimers & Policies page.