Daily Forex Trading News from Valutrades

BTCUSD - Consolidates Around $4000

on January 10, 2019 | By Graeme Watkins | BTCUSD, Bitcoin

In the last few weeks Bitcoin (BTCUSD) has been content to trade right around the current key level of $4000 as the volatility has almost halved in the last month. Several weeks ago Bitcoin was able to rally higher and move away from the support level at $3300 pushing up to a three week high just above $4000 before commencing the consolidation period. In the couple of weeks prior to the rally, it consolidated a little as it received some much needed support from around the $3300 level, after dropping sharply in November. This drop saw BTCUSD drop to its lowest levels for 2018 after having been quite content to trade right below the key level of $6500 for many weeks. Up against immense selling pressure it dropped sharply to around $5500 before consolidating for several days before dropping even further to below $4300 before the November drop.

BTCUSD - Rallies Higher off Much Needed Support from $3300

on December 20, 2018 | By Graeme Watkins | BTCUSD, Bitcoin

In the last few days Bitcoin (BTCUSD) has been able to rally higher and move away from the support level at $3300 pushing up to a three week high just above $4000. In the couple of weeks prior to the rally, it consolidated a little as it received some much needed support from around the $3300 level. Several weeks ago it received some support from around $3700 before dropping further down to the support at $3300. In the few weeks leading up to the consolidation, BTCUSD dropped sharply to its lowest levels for 2018 after having been quite content to trade right below the key level of $6500 for many weeks. Up against immense selling pressure it dropped sharply to around $5500 before consolidating for several days before dropping even further to below $4300 before the most recent drop.

Bitcoin - Looking for Support at $3300 as Scepticism Continues

on December 13, 2018 | By Graeme Watkins | BTCUSD, Bitcoin

In the last week or so Bitcoin (BTCUSD) has been able to consolidate a little as it receives some much needed support from around the $3300 level. A few weeks ago it received some support from around $3700 before dropping further a couple of weeks ago. In the few weeks leading up to the consolidation, BTCUSD dropped sharply to its lowest levels for 2018 after having been quite content to trade right below the current key level of $6500 for many weeks. Up against immense selling pressure it dropped sharply to around $5500 before consolidating for several days before dropping even further to below $4300 before the most recent drop.

BTCUSD - Looking for Support at $3700 as Rumblings Grow

on December 6, 2018 | By Graeme Watkins | BTCUSD, Bitcoin

In the last couple of weeks Bitcoin (BTCUSD) has been able to consolidate a little as it receives some much needed support from around the $3700 level. In the last few days it has again declined to this level and been propped a little after rallying off $3700 a week or so ago. In the few weeks leading up to the consolidation, BTCUSD dropped sharply to its lowest levels for 2018 after having been quite content to trade right below the current key level of $6500 for many weeks. Up against immense selling pressure it dropped sharply to around $5500 before consolidating for several days before dropping even further to below $4300 before the most recent drop.

Bitcoin (BTCUSD) - Attempts to Consolidate Around $4500 as Doubts Creep In

on November 22, 2018 | By Graeme Watkins | BTCUSD, Bitcoin

In the last couple of weeks Bitcoin (BTCUSD) has dropped sharply to its lowest levels for 2018 after having been quite content to trade right below the current key level of $6500. It dropped sharply to around $5500 before consolidating for several days before dropping even further in the last week to below $4300. It has attempted to rally a little in the last couple of days but obviously it is up against immense selling pressure. It now looks some considerable effort will be required to get the Bitcoin price back to within reach of the significant level of $6500.

BTCUSD - Plummets to 2018 Low Near $5300

on November 15, 2018 | By Graeme Watkins | BTCUSD, Bitcoin

In the last 24 hours Bitcoin (BTCUSD) has dropped sharply to its lowest levels for 2018 after having been quite content to trade right below the current key level of $6500, whilst meeting significant resistance at that level throughout the time. It now looks some considerable effort will be required to get the Bitcoin price back to within reach of the significant level of $6500. It has made several attempts to break higher through the resistance at $6500 however it was sold off on every occasion. In early September Bitcoin fell very sharply from a one month high near $7500 and quickly settled under $6500. The $6500 level has firmly established itself as a level of significance and the markets will be watching closely to see if it break away from this level one way or the other.

BTCUSD - Remains Attracted to Key $6500 Level as Volatility Dissipates

on November 1, 2018 | By Graeme Watkins | BTCUSD, Bitcoin

In the last few weeks Bitcoin (BTCUSD) has been content to trade right below the current key level of $6500, whilst meeting significant resistance at that level throughout the time. It continues to stalk the $6500 level although a few days ago, it fell away to its lowest level in a few weeks. It has made several attempts to break higher through the resistance at $6500 however it was sold off on every occasion. In early September Bitcoin fell very sharply from a one month high near $7500 and quickly settled under $6500. The $6500 level has firmly established itself as a level of significance and the markets will be watching closely to see if it break away from this level one way or the other.

BTCUSD - Remains Attracted to Key $6500 Level Despite Volatility

on October 18, 2018 | By Graeme Watkins | BTCUSD, Bitcoin

In the last few weeks Bitcoin (BTCUSD) has been content to trade right around the current key level of $6500, however in the last week its volatility has increased significantly as it has attempted to pull away from this level. It has however returned right back on almost every occasion and continues to stalk the $6500 level. Several weeks ago it was trading below the $6500 level and trying to stay in touch and during that time, it made a couple of attempts to break higher however it was sold off. Earlier last month Bitcoin fell very sharply from a one month high near $7500 and quickly settled under $6500. The $6500 level has firmly established itself as a level of significance and the markets will be watching closely to see if it break away from this level one way or the other.

BTCUSD - Settles Right Around Key $6500 Level

on October 11, 2018 | By Graeme Watkins | BTCUSD, Bitcoin

In the last few weeks Bitcoin (BTCUSD) has been content to trade right around the current key level of $6500, but mainly receiving minor support from the level. A few weeks earlier it was trading below the $6500 level and trying to stay in touch and during that time, it made a couple of attempts to break higher however it was sold off. Earlier last month Bitcoin fell very sharply from a one month high near $7500 and quickly settled under $6500. The $6500 level has firmly established itself as a level of significance and the markets will be watching closely to see if it break away from this level one way or the other.

Bitcoin / BTCUSD - Consolidating Under Resistance Level at $6500

on September 20, 2018 | By Graeme Watkins | BTCUSD, Bitcoin

In the last few weeks Bitcoin (BTCUSD) has consolidated in a narrow range right under the current key level of $6500. It made a couple of attempts to break higher however it has been sold off. Only a few weeks ago Bitcoin fell very sharply from a one month high near $7500 and quickly settled under $6500. The $6500 level has firmly established itself as a level of significance and the markets will be watching closely to see if it can regain lost ground and get back above this level.