All the other narratives pale in comparison with the attempts to explain away the recent strong appreciation in Bitcoin. Bitcoin traders are clearly looking for a reason behind this move. But reality might be more complicated than a simple narrative of why Bitcoin went up.

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Bitcoin is now on the move up and the appreciation has brought Bitcoin above one of the levels we’ve been observing for some time now. We wouldn’t want to leave you without a comment on this event. Is it really bullish?

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Bitcoin seems to have flipped the switch from “bullish” to “bearish” in a matter of a couple of days. This might come as a surprise to many but, hopefully, not to those who have been reading our alerts for some time now. But there’s more. We might have seen an important change we wouldn’t want you to miss.

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The move up seems to be continuing and the first impression is that we’re seeing a first period of appreciation in some time now. But the operative word here is “seems.” If we take a closer look at what the current environment really is, the picture is far less pretty.

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There’s respite for Bitcoin bulls. The currency finally seems to be doing what Bitcoin believers have wanted it to do for months now. But this respite might be transitionary in nature.

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The recent couple of days have turned the short-term outlook on its ear for some traders. The last couple of months have seemed like sooth sailing, not something that could be said about the Bitcoin market too many times in the past. Now, we get a different reading and some might say that the tide has turned. But you need to go deeper than that.

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The all-important $5,500 level is just around the corner. Are we about to see a major turnaround? Or maybe only a blip on the radar?

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For some people, the recent depreciation in Bitcoin has been a shocker. For others, it has been grueling or, simply, tiresome. The reason behind all these reactions – the descent from the $20,000 is now entering a new phase. In this analysis we once again aim to give you a detailed overview of the playing field, so that you stay ahead of the curve.

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Moving away from a strong support line, Bitcoin seems to be sending out bullish signs. A Bitcoin exchange was hacked but the currency has refused to go lower. These two facts can be interpreted in a different light once you give them some thought. We would like you to know the whole story.

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The last couple of weeks have been disheartening for Bitcoin bulls. The currency has been on a move down. Is this about to end? The answer to this question determines whether the profits on our hypothetical positions are about to grow.

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Bitcoin has been denying the bullish ideas of some of the investors for some time now. At the moment, the currency is in a particularly important zone. One specific move out from this area could result in extreme moves.

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Bitcoin went down on elevated volume. In light of the various “bullish” theories, it’s a shocker. It caught a lot of people off guard. Hopefully, you had been able to read our previous commentaries and the recent moves didn’t really surprise you.

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Bitcoin has gone up a bit, reversing the previous depreciation. The currency is now at at least two resistance levels, which has got to be a bullish sign. Or has it?

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There seems to be some respite for Bitcoin traders. It might be tempting to take this breather as a sign of the tide turning. We highlight the reasons why you probably shouldn’t.

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As Bitcoin is going down, we’re seeing more and more information on how the currency is in a precarious position or how the prospects of the currency is bleak. But what interests traders the most is if the recent developments have changed anything in the current outlook. And we provide you with our answer to this question.

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