CRYPTOSCARFACE

CRYPTOSCARFACE

After BTC reached its new ATH on October 21, we again saw it dominate the world media. Bitcoin was written and talked about almost everywhere, which also increased the tension on the market itself and influenced its development. The price of BTC did not manage it, and the market cooling came the very next day with a loss of value of -$5K. In the days that...

CRYPTOSCARFACE

The mood across the crypto markets is exceptionally positive and so-called bullish, after yesterday when Bitcoin reached a new ATH of $67K. It all started at the beginning of this month when we witnessed the first significant move towards $ 50K, the psychological frontier that the bulls crossed after only five days. You might remember that we published an...

CRYPTOSCARFACE

Looking at the recent developments of the Bitcoin market, we see an increasing effort to push the price as high as possible to achieve a new ATH in 2021. At first glance, it seems that bulls are on the right track to meet this goal. Technical analysis and indicators, on the other hand, still signal us to hold our horses. The first crucial finding is the ongoing...

CRYPTOSCARFACE

After Bitcoin faced a sharp slump in September due to the collapse of the Hang Seng Index, the situation improved significantly with the arrival of the new month. Purchase volumes in the Bitcoin market began to increase early in the month when we saw an upward move of more than $ 5K. The bulls gained momentum also for other days, which resulted in yesterday's...

CRYPTOSCARFACE

The last week of September began and with it a slight recovery in the crypto markets, which have recently faced significant influence from China. Crypto markets, and in particular the bitcoin market, faced the biggest sales on September 21, when it fell below $ 40k, specifically to $ 39,600 (binance). This situation has shown that this price range is highly...

CRYPTOSCARFACE

The entry into the new week is extremely alarming, as evidenced by the drop in the price of BTC by more than $5K. As you know, a week ago we faced a slump in the crypto markets mainly due to the publication of information that Coinbase is starting to fight the SEC because they are non-transparent. Over the course of the week, however, Bitcoin eventually...

CRYPTOSCARFACE

After the crypto markets collapsed on September 7 in response to the Coinbase vs. U.S. Securities and Exchange Commission (SEC) case, bears still prevail. This is evidenced by the beginning of this week, when exactly at 03:00 (CET) Bitcoin faced further sales, which resulted in a loss of about $ 2K over the next few hours. The fact that fear is currently...

CRYPTOSCARFACE

After more than two weeks, Bitcoin beat $50,000, but it didn't take long, and after a few days, it was once again coming below this price area, which surprised many of us in the context of today's big event in El Salvador. As noted in the last analysis, Bitcoin has been in the highly watched $50K range for over 10 days, so it was more than clear that the day...

CRYPTOSCARFACE

Last week, it was reaffirmed that BTC traders will always find it difficult to beat the $ 50K price again. Today is exactly the tenth day since the bulls managed to approach $ 50K, which is a harbinger that we will soon witness either a definitive rejection or overcoming resistance and continuing the rise in the price of BTC. From the point of view of technical...

CRYPTOSCARFACE

The behavior of traders in cryptocurrency markets is sometimes really easy to predict, as evidenced by this summer, which was similar to previous ones. If you have been following the development of crypto markets for some time, you know that summer has always been marked by a period of low volatility, sideways movement and so-called low activity. It was no...

CRYPTOSCARFACE

What we predicted and suggested in the last analysis that Bitcoin may soon return to $ 50K may become a reality this week. After Bitcoin overcame the $ 42K- $ 43K resistance, a typical scenario followed, multiple checks to see if the bulls were strong enough and able to maintain that price. The verification was successful and therefore the dreaded resistance has...

CRYPTOSCARFACE

If you remember in our last analysis, we paid the most attention to the fact that Bitcoin faced a major problem in the $ 42K - $ 43K range, which was a long-term functional resistance. In recent days, however, Bitcoin has succeeded, overcame this resistance and has now kept it under control for several days. This situation suggests only one thing, and that is...

CRYPTOSCARFACE

Last week was one of the best in recent months for Bitcoin, but confirming the bullish trend is not as easy as it seems. Although we indicated in the introduction that the bulls are having a hard time at the moment, it does not change the fact that we are witnessing a number of important news and events that can keep BTC in a bullish mood. Among the most...

CRYPTOSCARFACE

After a long, almost three-month consolidation of the Bitcoin market, we are witnessing a very important recovery today, in a positive sense. Traders on Bitcoin began to increase buying activity less than an hour before the start of the new week (CET), which resulted in a price increase of more than $ 5K in a few hours. The bulls managed to turn Bitcoin to their...

CRYPTOSCARFACE

Despite the fact that the triangle pattern on the RSI indicator was broken downwards, we still did not see significant activity from traders. The current situation thus means only one thing and that is that the market continues to consolidate. So what to monitor and what to focus on? Since the triangle pattern we watched was broken, only the old well-known...

CRYPTOSCARFACE

What we predicted in the previous BTC market analysis it will most likely be fulfilled again. In our last analysis, we focused on two important indicators that can be the so-called trigger of buying or selling activity, including a triangular pattern on the RSI indicator. This pattern is currently the most potential tool for traders and technical analysis, which...

CRYPTOSCARFACE

When we look at the development of the Bitcoin price, we have seen only low volatility and movement in one price corridor for the last two months, between $ 30K and $ 40K. On the one hand, it is a good confirmation for BTC that it has found a price zone where traders feel comfortable, but on the other hand, it is a boring period for volatility lovers. So let's...

CRYPTOSCARFACE

As almost every summer, this year the BTC market is characterized by flat trading, which means only low volatility and increased consolidation. Despite the fact that last week we started with a significantly negative news from one of the largest Chinese banks that it is stopping all cryptocurrency-related activities of their clients, the price of BTC remained...