Tag Archives: BTC/USD

Bitcoin (BTC) Price Analysis: Are Bulls Back on Their Feet?

Bitcoin is creating a new ascending channel on its 1-hour time frame as it formed higher lows and higher highs since last week. Price is bouncing off support and may be aiming for the upside targets marked by the Fibonacci extension tool. Price is already testing the 50% level at the mid-channel area of interest and if this… Read More »

Bitcoin (BTC) Price Analysis: Bullish Divergence & Potential Targets

Bitcoin is still in selloff mode but there are more signs of bullish exhaustion on the daily time frame. For one, RSI and stochastic have indicated oversold conditions and are starting to turn higher to reflect the return of bullish pressure. To top it off, RSI has formed higher lows while bitcoin price made lower lows to hint… Read More »

Bitcoin (BTC) Price Analysis: Bears Wrestle for Control

Bitcoin is trending lower inside a descending channel and appears to have already found a ceiling at the mid-channel area of interest. If sellers return at this point, the Fib extension tool on the pullback shows the next potential downside targets. The 100 SMA is below the longer-term 200 SMA to confirm that the path of least resistance… Read More »

Bitcoin Price Analysis: BTC/USD Accumulating as VanEck Subsidiary Work on “Transparency”

Latest Bitcoin News Of course, price is not the only metric of interest as far as Bitcoin is concerned. Adoption rate and infrastructure development is of interest. Though the coin is meant to by-pass third parties as regulators, we cannot discount the role of regulators and their constant talk of investor protection. Other jurisdictions might be open but… Read More »

Bitcoin (BTC) Price Analysis: Some Bullish Hints

Bitcoin is still trending lower inside a descending channel on the 1-hour chart but is currently testing the resistance to attempt another break. However this lines up with an area of interest or former support that might now hold as a ceiling. This level happens to line up with the 50% Fibonacci retracement level around $3,600 so there… Read More »

Bitcoin (BTC) Price Analysis: Bears Push for Wedge Break

Bitcoin broke below its falling wedge consolidation pattern to signal that bearish momentum is picking up. However, price seems to be stalling at the $3,300 level so a pullback to the broken areas of interest may be in order. Applying the Fib retracement tool on the latest swing high and low shows that the 50% level lines up… Read More »

Bitcoin Price Analysis: BTC is a “Melting Ice Cube” Says CEO

Latest Bitcoin News Like Bitcoin prices shifting, so is Bill Gates-the founder of Microsoft who back in 2014 said Bitcoin is “used to buy drugs like synthetic opioid fentanyl” and the “anonymity of digital currencies meant they were linked to terrorist funding and money laundering” to admitting how transformational Bitcoin and cryptocurrencies have been especially when it comes… Read More »

Bitcoin (BTC) Price Analysis: Short-Term Falling Wedge Pattern

Another consolidation pattern can be spotted on bitcoin as price is moving inside a falling wedge on its short-term chart. Price is down to support and might be due for yet another bounce to the top around $3,800. The 100 SMA is below the longer-term 200 SMA to signal that the path of least resistance is to the… Read More »

Bitcoin Price Analysis: BTC/USD Lose $202 to $3,800 as Sellers Flow Back

Latest Bitcoin News Thing is, the crypto market especially BCH continues to dump and as a result, the future of the cryptocurrency market continues to draw mixed opinions. Some are expect this decline to extend throughout Q1 2019 while others are positive that bulls will snap back to action next year. The reason for this optimism is always… Read More »

Bitcoin Price Analysis: BTC/USD Targets Fresh Lows Below $3,800

Bitcoin price remained in a bearish trend below the $4,220 and $4,120 resistances against the US Dollar. BTC/USD could accelerate losses below $3,800 and $3,760 in the near term. Important Points: Bitcoin price is trading well below the $4,220 resistance and the100 simple moving average (2-hours). BTC/USD is following a major declining channel with resistance at $4,090 on… Read More »