Bitcoin Price Reports & Free Daily Prediction - BullBear Analytics

Bitcoin Price Prediction for April 29, 2016

4/29/2016

Market Commentary (BTC):

So far, so good. With bitcoin now pushing up against resistance at 450 $ following a shallow pullback around OKCoin futures settlement last night, everything looks right on track as far as the ProTrades and our rough roadmap for the next few weeks.

While we still believe that the ball remains in control of the bulls, we are not so sure whether they are done accumulating this consolidation which means there could be some range-bound chop ahead. That said, we do not expect the trendlines and support areas in the 425 - 430 $ range to breakdown, therefore we are just holding for the time being.

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Click here to eDisclaimer: 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 April 25, 2016

4/25/2016

Market Commentary (BTC):

More new local highs came in over the weekend as 460 $ was finally broken to the upside to get us back up into longer term historical resistance.

Since the 464.99 $ high, price has been pulling back smartly in typical bull flag fashion in order to clean up the technicals and give traders an opportunity to re-enter at slightly lower prices. Despite the idea that we think there are a couple of different paths the market could follow this week as a consolidation plays out, they all end in yet another push higher to test the next resistance area we have been mentioning for months.

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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 April 22, 2016

4/22/2016

Market Commentary (BTC):

Following a high print of 454.50 $ yesterday, the market has since pulled back to the mid-440's $ for some consolidation of the recent move to the upside.

Given that the short to medium term momentum indicators have been overbought for some time, and seeing as though there are now a lack of fundamental catalyst in the immediate future, we think the market could chop around on either side of the 450 $ level for at least the next few days. This would clean-up the technicals and allow traders to re-enter at slightly better prices, both of which are healthy for a newly emerging bull market.

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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 April 20, 2016

4/20/2016

Market Commentary:

Ahhh, sweet relief. After days, weeks, months, of waiting for any sign of life from our friend bitcoin, the past 24 hours have brought a respite that I’m sure is welcome throughout the community.

The break above 430 $ on volume confirmed an upside resolution out of all triangles, regardless of exchange, and has sent price up to the very top of the OTE short zone. The bears are on the verge of slaughter.

This bullishness is due to a move above downtrend resistance on a nice looking volume profile, an increasing A/D, and bullish EMA’s. That said, all three momentum oscillators are in very overbought territory while the breakout point around 435 $ has not yet been tested, so be careful initiating here.

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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 April 18, 2016

4/18/2016

Market Commentary (BTC):

What appeared to an exciting beginning to a potentially wild weekend once again petered out before even getting started as resistance between 435 - 440 $ proved too heavy to overcome (this time).

Now price is slowing creeping back down in to support as it has so many times during this consolidation, while momentum and trend correct back down to more favorable levels. That said, given the fact that none of bitcoin's moves out of the current trading ranges/triangles have created much of a stir in either direction, and the fact that there is still an absence in fundamental catalysts for the time being, we think the sideways and choppy market action we have seen for months could persist for even longer than previously expected.

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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 April 15, 2016

4/15/2016

Market Commentary (BTC):

Bitcoin is moving again! But not by much. The overnight hours saw price rally from the mid-420's $ to over 430 $ by this morning, but is once again hitting resistance at the 431 $ regional high.

In fact, 431 $ was the local top to a penny, which tells us that someone does not want that level to be breached for some reason. Regardless, we still think that the bias is to the upside despite quite overbought conditions, due mainly to bullish price action, supportive volumes, and a favorable fundamental backdrop given the first pieces of SegWit were rolled out over the past 24 hours (Core release version 0.12.1).

We would not be surprised if the market continued slightly higher over the weekend, although as always beware of liquidity spikes to the downside that wash long stops prior to another 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 April 13, 2016

4/13/2016

Market Commentary (BTC):

As much as we all want bitcoin to resolve in one direction or the other, it just keeps pushing sideways in a seemingly never ending consolidation.

Depending on what exchange you are looking at and how you draw your trendlines, it seems as though the epic symmetrical triangle that the market has been forming for over six months has been broken to both the upside and the downside. Regardless, the reactions from the market when supposedly key levels are broken has been anemic for quite some time, and remains so even now as a "break" of the Stamp daily triangle higher was accomplished earlier this week to little fanfare.

Unfortunately this may support the hypothesis that we see months more chop pre-halving just like in 2012, however we are still leaning towards a bullish breakout to the upside, at least to resistance, in the not too distant future.

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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 April 11, 2016

4/11/2016

Market Commentary (BTC):

Another weekend, another washout. Although this particular move was more shallow than other weekend moves we have seen over the past few months, it was enough to stop out traders between 415 and 420 $.

A tag of 412 $ was quickly rejected on Friday following news that Shapeshift was hacked but no customer funds were lost, and more rumors about Craig Wright being Satoshi were swirling around.

Now, price is back above 420 $ and is slowly pushing up into what has been heavy resistance for many weeks at 425 $. A move above there would likely mean we see the 430 $ area in short order, but we will need to get above the regional 431 $ high before we can consider this a true medium term breakout. The waiting game continues.

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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.

Ether Price Prediction for April 8, 2016

4/8/2016

Market Commentary:

Oh Ether, you crazy coin. The past month has been action-packed for ETH traders as we have seen a massive rally to new ATH's followed by a textbook trend reversal and failure.

Over the past 24 hours, the downtrend has accelerated as new local lows were put in below 0.023, and as we write this there has been practically no attempt to bounce up to the new 0.024 resistance level.

While XMR and DASH could remain in sideways consolidations for some time, it appears as though the move from $1 to $15 was simply too much too fast and ETH now needs a true crypto-correction. How far will it go? Subscribe to find out.

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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 BullBearAnalytics.com.

Bitcoin Price Prediction for April 4, 2016

4/4/2016

Market Commentary (BTC):

Following what was a rapid break above near term resistance late on Friday afternoon, the price did absolutely nothing for the remainder of the weekend.

So here we sit, just below the key 420 $ level but just above the 415 $ pivot point, all the time still showing signs of indecision at the technical level. While there is no doubt about our commitment to the bull camp regarding a medium term resolution out of this consolidative period, we also think that shorter term the market is due for yet another test of the triangle bottom.

This should come as no surprise given the pre-halving 2012 chart we showed on Friday which should prepare everyone for a potential flatline for weeks, however this is not a preferred scenario just a possibility to be aware of.

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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.