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BTC/USD Powered by 10344.50 Bids: Sally Ho's Technical Analysis 13 September 2020 BTC

Bitcoin (BTC/USD) added to some recent gains early in today’s Asian session as the pair continued to encounter upward pressure above the psychologically-important 10000 figure.  Bids emerged around the 10276.19 area during yesterday’s North American session, a test of the 10268.20 area that represents the 23.6% retracement of the depreciating range from 10499 to 10200.  Technical trading became more evident thereafter when buying pressure was seen around the 10344.50 area, representing the 50% retracement of the depreciating range from 10489 to 10200.  The 10378.60 and 10420.80 areas represent additional upside retracement levels in this depreciating range.  BTC/USD bulls are looking to see...

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BTC/USD Building Base Above 100-Hour Moving Average: Sally Ho's Technical Analysis 12 September 2020 BTC

Bitcoin (BTC/USD) looked for fresh trading sentiment early in today’s Asian session as the pair continued to trade above the psychologically-important 10000 figure.  Market activity was confined to a tight range during yesterday’s Asian, European, and North American sessions, the latest evidence that traders await fresh trading ideas.  Bids emerged around the 10200 level during yesterday’s European session, and traders were unable to move the pair above the 10384.23 level during yesterday’s Asian session.  BTC/USD continues to orbit the 50-bar, 4-hourly simple moving average, and has recently moved above the 50-hour and 200-hour simple moving averages.  BTC/USD bulls are looking to see...

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As Warren Buffett gets involved in more tech companies, Will his interest circulate round to bitcoin?

Berkshire Hathaway and it’s long time leader, Warren Buffett invested in the technology cloud company, Snowflake. For many years now, Warren has avoided new technology companies and has been a heavy investor in traditional assets such as financial institutions but things seem to be changing at Berkshire Berkshire Hathaway and it’s long time leader, Warren Buffett invested in the technology cloud company, Snowflake. For many years now, Warren has avoided new technology companies and has been a heavy investor in traditional assets such as financial institutions but things seem to be changing at Berkshire. The reason that Warren has been...

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Institutional interest is still high despite BTC price sentiment 

When you compare how bitcoin and its price sentiment was earlier this year in July and August, the tide has changed as we enter September, no doubt. Currently priced at just above the $10,000 mark at the time of writing, many analysts had predicted that bitcoin would break out above $12,000 at some point in the last two months. When you compare how bitcoin and its price sentiment was earlier this year in July and August, the tide has changed as we enter September, no doubt. Currently priced at just above the $10,000 mark at the time of writing, many...

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BTC/USD Shows Life with Pop Above 10354.65: Sally Ho's Technical Analysis 11 September 2020 BTC

Bitcoin (BTC/USD) displayed some upward momentum early in today’s Asian session as the pair continued to score gains above the psychologically-important 10000 figure.  The pair traded as low as the 10175.35 area during yesterday’s Asian session, representing a test of both the 50-hour and 100-hour simple moving averages.  Traders later pushed the pair above the 50-bar, 4-hourly simple moving average and 200-hour simple moving average during yesterday’s North American session.  BTC/USD bulls are looking to see if the pair can establish a base above the 10354.65 area, representing the 23.6% retracement of the depreciating range from 12086 to 9819.83.  The next upside...

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