Bitcoin Price Analysis — Volume Breakout!

Bitcoin Watch Shop

The technical setups posted next use elementary trend detection, support and resistance, channels, settlement and candlestick analysis. We aim for high-probability trade setups on BTCUSD and use really few indicators. All charts use BNC’s Bitcoin Liquid Index for limit accuracy.

The timeframe for trades is 1 to 7 days, so we’ll use 4h candlesticks. Bitcoin is best traded as a quite suppositional commodity on 4h+ timeframes.

Market Sentiment And Macro Key Points

  • Circle Pay announces iOS iMessage Bitcoin formation plans. Adding payments to iMessages reduces “the friction,” for consumers, says CEO Jeremy Allaire. Customers can send dollars, euro, bruise argent and bitcoin to anyone directly inside of iMessage, and can account payments and money out regulating roughly any bank in a US, UK and, soon, Europe.