DestinationMoonCrypto

DestinationMoonCrypto

Price Morning sell-off brought BTCUSD price back to the Bullish Trend Line. The last couple weeks movement, with its narrowing peaks, assembles in the wedge formation, which speaks of decreasing volatility and uncertainty. For now, due to the lack of fundamental support, the main focus stays on holding of the current levels. 6550 and Bullish Trend Line should...

DestinationMoonCrypto

Price Monday passed in an upward manner and brought the tag to the 6730 height, at the end of the day the price settled at the 6660 level. The overall point of view did not change as correction zone extends to the 6800 level and this movement was in the correction bounds. After 6800 level BTCUSD will meet the resistive zone 6800-7000, which also contains...

DestinationMoonCrypto

Price BTCUSD saves low volatility for several days, the Friday and weekends have passed in the narrow diapason 6550 – 6660, excluding two minor spikes. It worth noticing, that despite low volatility bitcoin have been making higher lows along Bullish Trend Line during September. If Bitcoin will manage to keep the higher-lows tendency, the Bullish Trend Line will...

DestinationMoonCrypto

Price Market stays in indecisive pattern while forecasters take turns abandoning their predictions of new heights till the end of the year. From a narrower point of view, yesterday the price pushed off from the Bullish Trend Line, the lower bound of the Rising Wedge formation. It is assumed that the Rising Wedge formation underlies a bearish bias so those who...

DestinationMoonCrypto

Price The current market pattern looks like a flag correction of the fall at the beginning of September. Fluctuations in a lateral manner not reaching the upper resistance at 7000 and lower boundary at 5750 shows that the market is in indecisive mode, waiting for new drivers. One of the main latest drivers, the CFTC ETF situation, was postponed until the next...

DestinationMoonCrypto

Price Bitcoin did not manage to hold the 6600 height, broke the trend line and returned to the 6450 level. The fall denies the possibility of soon recovery to the 7000 level and establishes a current support level at 6450. Return above 6500 will signal that local fall tendency is over and open 6600 and 6800 resistance level, a movement below will open 6350 and...

DestinationMoonCrypto

Price The movement proceeds inside the established boundaries, narrowing diapason between the Bullish Trend Line and 6660 resistance. The market does not expect any significant events, so, volatility stays low and lateral movement will probably remain. And, as usual, unplanned news are likely to be negative, hence, BTC position looks vulnerable right now....

DestinationMoonCrypto

Price Despite that the last week turned out to be bullish, bitcoin did not manage to close September above 7000, which leaves the monthly candle in a bearish state. Worth noting, that the last-week rally could be a manipulation in an attempt to close the monthly candle in a bullish state, which could be a good be a bullish signal for big players. Nonetheless,...

DestinationMoonCrypto

Price BTCUSD managed to find a support at the 6450 level yesterday and took-off breaking above 6600 on the way. Now bitcoin is testing 6800 level, which was the turning point for the last bullish movement, overcoming this level will lead the main currency to the highly resistive area 6800 – 7000, which also contains the 100-days EMA. Breakthrough of this area...

DestinationMoonCrypto

Price Correctional movement proceeds, yesterday growth did not manage to reach 6600 resistance, turned around on the 6550 mark and fell to the 6450. The volatility decreases, which talks about uncertainty in the market. Near-term boundaries are 6550 and 6450 levels, without any significant events today the price will probably proceed inside this channel. 6600 –...

DestinationMoonCrypto

Price Yesterday's drop reacted on the Bearish Trend Line and now fluctuates around it. The turnaround of the bearish trend at the 6350 level, talks in favor of bullish moods, the price holding above the Bearish Trend Line will also add to the bullish picture. Still, the main factor to consider any bullish predictions is a comeback above 6800. The nearest support...

DestinationMoonCrypto

Price And we are back in the 6250 – 6600 zone. Not managing to hold on to the 6600 level BTCUSD breaks it and falls back to the Bearish Trend Line at the end of the Monday. There was a short reaction on the Trend Line, but selling pressure took over again and the fall continues at the time of writing. The next support on the way down is 6250 level. Obviously,...

DestinationMoonCrypto

Price Bitcoin spent weekends in a lateral manner, after peaking at the 6800 high on Friday. The Friday rally ended the two-weeks long correctional movement, which was going near the year minimum at 5750, and brought the price one step closer to the establishment of the turnaround pattern. Resistance at 7000, which also coincides with the 100-days EMA, is the...

DestinationMoonCrypto

Price Yesterday, despite the new statement from SEC about delaying the SolidX Van Eck Bitcoin ETF decision again, after short fluctuations at the 6400 level bitcoin found a support and went upwards accompanied by a rise in volumes. At the end of the yesterday, BTCUSD reached 6600 level, and today already broke above Bearish Trend Line. On the way up the price...

DestinationMoonCrypto

Price Wednesday was rich in events. To the closure of the CBOE futures contracts news about the hack of the Japanese exchange Zaif($60 million in digital assets, including Bitcoins, Bitcoin Cash, and MonaCoin was stolen) was added causing a flash sell-off, which, nonetheless, did not cause any change in the overall tendency. The sell-off happened at 17:00 UTC on...

DestinationMoonCrypto

Price The price gradually climbs to the another-one Bearish Trend Line, drawn through the overall peak (20000) and recent turnaround point on September 18. Meeting with this line could add volatility to the market and possibly bring the price to new levels. The price still reacts on the support zone below 6250, so proceeds lateral movement in 6250 – 6100 channel....

DestinationMoonCrypto

Price Yesterday 6400 level was squashed by massive sell orders which brought the price to the lower bottom of the channel. The downward movement did not manage to renew last-week lows at 6100, the fall stopped at the 6200 level and now the price hangs above 6250. The overall picture has not changed, the bitcoin still moving in the lateral channel, inside the...

DestinationMoonCrypto

Price Weekends did not bring any volatility and pass in the narrow lateral movement. The main levels for the current week will be last week’s bounds, the low at 6100 and high at 6600. Local near-term support was established during the latest days at 6400. From the weekly perspective, the last few weeks have the potential to form a turnaround pattern if BTCUSD...