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Bitcoin sentiment still bearish
Bitcoin traded in a narrower range last week with upper and lower bounds of which moving lower and higher respectively from the previous week’s positions. The price is above $27,500 currently, below middle of two Fibonacci levels. The RSI remain...
Bitcoin bias turns bearish after Fibonacci resistance test
Bitcoin erased most of the previous week’s losses last week. The price is above $28,500 currently after it rebounded toward the Fibonacci 261.8 resistance around midweek but then retraced down. The RSI rebounded from the lower bound of neutral zone a...
Bitcoin bias turns neutral after Fibonacci resistance test
Bitcoin reversed all of the previous week’s gains last week. The price is below $27,500 currently after it retraced down following the test of the Fibonacci 261.8 resistance previous Friday. The RSI continued drifting to lower bound of neutral zone....
Bitcoin retraces down from Fibonacci resistance
Bitcoin renewed the bullish thrust last week. The price is above $29,400 currently after it advanced and reflected off the Fibonacci 261.8 resistance. The RSI entered the overbought zone again last week but then returned back into the neutral zone. T...
Bitcoin poised to renew bull run
Bitcoin trading range narrowed a little last week. The price is above $28,150 currently while Bitcoin price consolidation midway between Fibonacci 161.8 and Fibonacci 261.8 levels continued. The RSI indicator position in neutral zone has not changed....
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