Bitcoin (BTCUSD) (Daily) Bitcoin opened the week with heavy selling from the high of $58,000 into a key area for the bulls. Falling into the optimal entry zone for the bullish fibonacci range caused buyers to step in heavily, creating a massive wick and spurring...
Market Reports
Weekly cryptocurrency market reports.
Market Report February 15 2021
Bitcoin (BTCUSD) (Weekly) Bitcoin closed the week out with strength, clearing this red "fakeout level" with a solid candle body on this macro Fibonacci Level. Confirming this breakout past the previous high at $41,986.37 (BTCUSD - Coinbase) is significant. ...
Market Report February 8 2021
Bitcoin (BTCUSD) (Weekly) Bitcoin had a nice move up this morning on news of Tesla, Inc. (NASDAQ: TSLA) allocating almost 10% of their balance sheet, or $1.5 Billion, into the digital asset. A high time frame close above the $45,200 level should be the confirmation...
Market Report February 1 2021
Bitcoin (BTCUSD) (Monthly) Bitcoin came out of the gate with a lot of steam in January but ultimately couldn't keep the momentum going for the entire month. Yesterday’s monthly close left an upper wick of $8,800, which shows an initial 21% price rejection. Despite...