Tag Archives: Bitcoin Price Analysis

Bitcoin (BTC) Price Analysis: Bulls Still Defending Channel Support

Bitcoin has formed higher lows and higher highs to trade inside an ascending channel visible on its 4-hour chart. Price has dropped back to test support, and bulls are still defending this area for now. A stronger bounce could take bitcoin to the top of the channel around the $7,000 major psychological mark or at least until the… Read More »

Bitcoin Price Analysis: BTC/USD Breakout above Resistance Trend Line, Buyers aim $7,200

Latest Bitcoin News Thing is, Bitcoin is just more than a medium of exchange. In 10 short years, the world’s most valuable coin has evolved from being a Cypherpunk thing to a medium of exchange and now it is a solid store of value. It has been so thanks to last year’s super rally. Bitcoin position as a… Read More »

Bullish Signals: Binance Boss Predicts Year End Crypto Bull Run

Bears have dominated the last three quarters in the Bitcoin market. But the sentiment is about to reverse, according to Changpeng Zhao. The CEO of Binance, the world’s leading crypto exchange by volume and earnings, said in an interview that he expects a new bull run phase in the Bitcoin market. The gutsy prediction found its support in the… Read More »

Bitcoin (BTC) Price Analysis: Key Resistance to Watch

Bitcoin volatility has been low once more, leading many to speculate that a big breakout might be brewing. Price is still keeping its head above a rising channel seen on the 4-hour time frame but has also formed lower highs and is below a shorter-term trend line. Price would need to close above this short-term trend line or… Read More »

Bitcoin Price Analysis: BTC/USD Technically Bearish and Yes, You Can’t Settle using Bitcoin in China

Latest Bitcoin News $250K a Possibility Tim Draper is known for making outrageous comments. But he is adamant that BTC will someday hit $250,000. With less than two months to go, it will be a fairly tale end year if prices surge to half that valuation.  Needless to say, it is possible—remember, for Bitcoin to test those levels… Read More »

Bitcoin Price Analysis: BTC/USD Recovery Faces Significant Hurdle

Bitcoin price found support near $6,355 and recovered against the US Dollar. However, BTC/USD is currently facing a solid resistance near the $6,460-80 area. Important Points: Bitcoin price is struggling to break the $6,460-6,480 resistance zone. BTC/USD is facing two major bearish trend lines with resistance near $6,460 on the 2-hours chart. BTC could resume its decline if… Read More »

Bitcoin Price Analysis: BTC/USD Increasing Demand ahead of BCH Hard Fork

Aside from regulatory involvement, uncertainty in other blockchains often draws demand for Bitcoin as a store of value. It did happen before and three days before Bitcoin Cash software upgrade, capital could flow into Bitcoin lifting prices above $6,600 igniting short term bulls aiming for $7,200. Latest Bitcoin News Still, Bitcoin Cash is one of the most fluid… Read More »

Bitcoin (BTC) Price Analysis: Calm Before Another Storm?

Bitcoin is back to consolidation mode as it formed higher lows and lower highs in another symmetrical triangle pattern. Price is nearing the peak of the formation so a breakout might be due soon. The moving averages are still oscillating to reflect range-bound action, barely providing any strong directional clues at the moment. Stochastic is pointing higher, though,… Read More »

Tim Draper Stays Bullish on Bitcoin, Markets See Green

Cryptocurrency, Bitcoin (BTC)–Cryptocurrency advocate and Bitcoin bull Tim Draper has remained true to his nature by sticking with his prediction that BTC will reach $250,000 by the year 2022. Speaking during a panel discussion at the Web Summit conference on November 6, Draper reiterated his stance that BTC, despite 2018 being a down year for cryptocurrency, will achieve… Read More »

Tim Draper Stays Bullish on Bitcoin, Markets See Green

Cryptocurrency, Bitcoin (BTC)–Cryptocurrency advocate and Bitcoin bull Tim Draper has remained true to his nature by sticking with his prediction that BTC will reach $250,000 by the year 2022. Speaking during a panel discussion at the Web Summit conference on November 6, Draper reiterated his stance that BTC, despite 2018 being a down year for cryptocurrency, will achieve… Read More »