Tag Archives: btc

Bitcoin Price Watch: BTC/USD Facing Crucial Resistances

Key Points Bitcoin price started an upside move after trading as low as $6,202 against the US Dollar. There was a break above a key bearish trend line with resistance at $6,340 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could continue to move higher, but it is facing many hurdles near… Read More »

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 »

Blockchain CEO: Cryptocurrency Prices will Slowly Recover Towards Year-End

Cryptocurrency prices have been hovering near their year-to-date lows as of late, with Bitcoin dominance near its yearly high and many altcoins down 80% or more. Although investors are losing confidence in the markets and things look bleak, one person familiar with the space believes that prices will begin to climb towards the end of 2018. Josh Fraser,… Read More »

Bitmain’s $18 Billion IPO in Jeopardy as Q2 Earnings Report Looms

If Bitmain wants to have their much-touted $18 billion IPO before the end of 2018 as announced they had better get a move on. In fact, at the rate their financial data is currently leaking, their pool of potential investors is shrinking daily. A Fool and His Cash are Soon Parted The first hints that all was not… 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 »

Crypto Prices Drop After Old Bitcoin Wallet Sees New Activity

The crypto prices have dropped once again after a wallet that has been dormant for four years sees new activity. As many are already aware, the recent events in the crypto world have had strong consequences on the prices of digital coins. Not only has the entire year been marked by a constantly bearish market, but even when… 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 Winter Expected to Last Longer, Can Price Drop even Lower?

Bitcoin volatility is going lower, keeping the prices flat. However, looks like the winter is going to get extended while Trace Mayer shares different scenarios if the price moves with its usual daily increase. Bitcoin price to drop further? September started on a positive note as Bitcoin prices went from $7,035 to $7,400 in less than a week.… 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 »