Tag Archives: Bitcoin Price Analysis

Bitcoin (BTC) Price Analysis: Short-Term Reversal Pattern Forming?

Bitcoin might be done with its slide as it failed in its last two attempts to break below the $6,200 area, creating a double bottom on the short-term time frames. Price has yet to test and break past the neckline around $6,600 to confirm that a reversal is underway. The 100 SMA is above the longer-term 200 SMA… Read More »

Bitcoin Price Analysis: BTC/USD Gaining Momentum Above $6,300

Advertisement Bitcoin price recovered nicely after testing the $6,190-6,200 support area against the US Dollar. BTC/USD is now trading nicely above $6,300 and it could test the $6,410 resistance. Important points Bitcoin jumped back after testing the $6,200 support zone. BTC/USD could face resistance near a bearish trend line at $6,520 on the 2-hours chart. BTC price cleared… Read More »

Bitcoin Price Watch: BTC/USD Buyers Losing Control Below $6,400

Key Points Bitcoin price declined recently and broke the $6,450 and $6,400 support levels against the US Dollar. There was a break below a major bullish trend line with support at $6,440 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair may perhaps continue to move down towards the $6,120 support area in… Read More »

Bitcoin (BTC) Price Analysis: Setting Its Sights Back Lower

Bitcoin barely gained any traction on its latest bounce and is setting its sights back on the longer-term support levels. Price is still inside a falling wedge pattern seen on the 4-hour and daily time frames, possibly aiming for another test of support. Applying the Fib extension tool on the pullback shows that the 38.2% level lines up… Read More »

Bitcoin (BTC) Price Analysis: Slow and Steady Does It

Bitcoin is crawling higher inside a short-term rising channel as bulls recover. Bitcoin bulls appear to be getting back on their feet as price has been forming higher lows and higher highs inside a new rising channel. A bounce off support just took place so price might be aiming for the channel top at $6,700 next. The 100… Read More »

Bitcoin Price Analysis: At $6,500, Bitcoin Prices are Under-Priced in a $8 Trillion Fair Value Market Cap

A combination of over-the-tops Bitcoin price predictions by Tim Draper and favorable developments in the crypto-verse could cement our previous Bitcoin price forecasts. Further strengthening this position is news that Morgan Stanley plans on creating their Bitcoin derivatives. Coincidentally, and more positive for Bitcoin and other cryptos, more hedge funds are looking to funnel their capital into this… Read More »

Bitcoin Price Analysis: BTC/USD Trading Near Make-or-Break Levels

Advertisement Bitcoin price traded above the $6,550 level recently against the US Dollar. BTC/USD traded as high as $6,585 before correcting back to the $6,380 support. Advertisement Important points Bitcoin is currently correcting lower after hitting the weekly high at $6,585. BTC/USD broke a short-term ascending channel with support at $6,510 on the 2-hours chart. BTC price must… Read More »

Bitcoin Price Watch: BTC/USD Could Correct Lower To $6,400

Key Points Bitcoin price traded further higher above the $6,450 and $6,510 resistances against the US Dollar. There is a short term ascending channel in place with support at $6,505 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair is likely forming a double top pattern near the $6,600 resistance. Bitcoin price gained… Read More »

BitPay CCO Bullish on Bitcoin in 2019, Bearish on Altcoins and ICOs

Bitcoin (BTC), Cryptocurrency–Despite the ICO market otherwise thriving throughout 2018, with the total volume of projects started and investment capital raised doubling that of last year by the midway point. While Initial Coin Offerings have drawn the ire of those within and outside of the industry, primarily over the empty projects that have come to litter the space… Read More »

Bitcoin Price Watch: BTC/USD’s Resistance Turned Support at $6,320

Key Points Bitcoin price climbed higher and broke the $6,320 and $6,380 resistance levels against the US Dollar. There was a break above a major contracting triangle with resistance at $6,330 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair is currently correcting lower and the previous resistance at $6,320 may holds declines.… Read More »