Archive | Bitcoin Price action

Bitcoin Price Technical Analysis – BTC/USD Short-term Bearish

Key Points Bitcoin price is struggling to move above $4200 against the US Dollar and heading lower. The BTC/USD pair is currently attempting a downside break below a contracting triangle at $4030 on the hourly chart (data feed from SimpleFX). A close below $4000 could result in more declines towards $3800 in the short term. […]

Bitcoin Price Weekly Analysis – Can BTC/USD Hold This

Key Points Bitcoin price was under some pressure due to solid rise of BCH against the US Dollar above $800. The BTC/USD pair is currently trading above a bullish trend line positioned at $4000 on the 4-hours chart of BTC/USD (data feed from SimpleFX). As long as the price is above the $4000 level, it […]

Bitcoin Price Weekly Analysis – BTC/USD In Monstrous Uptrend

Key Points Bitcoin price rocketed higher above the $4000 level for a new high at $4098 against the US Dollar. There was a break above a crucial contracting and ascending triangle at $3765 on the 4-hours chart of BTC/USD (data feed from SimpleFX). Buying on dips towards the $3850 remain a good idea in the […]

Bitcoin Price Weekly Analysis – BTC/USD Eyes $3500

Key Points Bitcoin price overcame all odds of the Hard Fork and moved to a new high of $3328 against the US Dollar. There is a monster bullish trend line with support at $2800 forming on the 4-hours chart of BTC/USD (data feed from SimpleFX). The price is currently moving lower, but remains well supported […]

Bitcoin Price Weekly Analysis – BTC/USD Preparing for August

Key Points Bitcoin price despite all uncertainty remained supported above $2600 against the US Dollar. There is a crucial contracting triangle pattern with support at $2600 forming on the 4-hours chart of BTC/USD (data feed from SimpleFX). The price is correcting lower, but most likely to trade above $2720 in the near term. Bitcoin price […]

Bitcoin Price Weekly Analysis – BTC/USD To Continue Higher

Key Points Bitcoin price surged higher recently and moved above $2700 against the US Dollar to gain momentum. There was a break below a major bearish trend line with resistance at $2380 on the 4-hours chart of BTC/USD (data feed from SimpleFX). The price is currently consolidating above the $2650 support and setting up for […]

Bitcoin Price Weekly Analysis – Can BTC/USD Stay Above $2000?

Key Points Bitcoin price fell sharply during the past few days and broke the $2400-2350 support against the US Dollar. There was a break below a major contracting triangle with support at $2420 on the 4-hours chart of BTC/USD (data feed from SimpleFX). The price is currently trading near major pivot of $2000, and struggling […]

Bitcoin Price Weekly Analysis – BTC/USD Approaching Crucial Break

Key Points Bitcoin price recoveries faced sellers towards $2550 against the US Dollar, and slowly declined lower. There is a major contracting triangle pattern with support at $2300 forming on the 4-hours chart of BTC/USD (data feed from SimpleFX). A break and close below $2300 could ignite further declines towards the $2120 level. Bitcoin price […]

Bitcoin Price Weekly Analysis – BTC/USD To Decline Further

Key Points Bitcoin price struggled to settle above the $2775-2800 resistance against the US Dollar, and moved down. There is a crucial bearish trend line with resistance at $2680 forming on the 4-hours chart of BTC/USD (data feed from SimpleFX). The price is currently under pressure and may head lower towards the $2300 support. Bitcoin […]

Bitcoin Price Weekly Analysis – BTC/USD Poised For Gains

Key Points Bitcoin price after a strong correction found support at $2040 against the US Dollar, and started a recovery. There is a monster ascending channel forming with support at $2260 on the 4-hours chart of BTC/USD (data feed from SimpleFX). The price may soon gain momentum and break $2700 for a move towards the […]

Bitcoin Price Weekly Analysis – BTC/USD Preparing For $3000

Key Points Bitcoin price is in a strong uptrend, and likely to extend gains above $2880 against the US Dollar. There is a crucial bullish trend line with support at $2750 forming on the 4-hours chart of BTC/USD (data feed from SimpleFX). A break and close above $2880 might call for a move towards the […]

Bitcoin Price Weekly Analysis – BTC/USD Bullish Channel Forming

Key Points Bitcoin price remained well-supported above $2240 against the US Dollar, and looks set for more gains. There is a major ascending channel pattern with support at $2245 forming on the 4-hours chart of BTC/USD (data feed from SimpleFX). A break and close above $2480 might call for a run towards the last high […]

Bitcoin Price Weekly Analysis – BTC/USD Holding Crucial Supports

Key Points Bitcoin price corrected sharply after trading towards $2650 against the US Dollar, but remains supported on the downside. The last week’s highlighted important bullish trend lines with support at $1940 and $1800 on the 4-hours chart of BTC/USD (data feed from SimpleFX) are holding well. As long as the price is above these […]

Bitcoin Price Weekly Analysis – BTC/USD Firm above $2000

Key Points Bitcoin price soared higher and cleared a major hurdle at $2000 against the US Dollar, as mentioned in the last weekly analysis. There are a few important bullish trend lines with support at $1980 and $1850 formed on the 4-hours chart of BTC/USD (data feed from SimpleFX). The price is likely to continue […]

Bitcoin Price Weekly Analysis – BTC/USD Eyeing $2000

Key Points Bitcoin price after a dip towards $1160 against the US Dollar found support and bounced sharply. A monster bullish trend line with support at $1660 on the 4-hours chart of BTC/USD (data feed from SimpleFX) acted as a barrier for sellers. The price bounced sharply and currently trading above the $1800 level. Bitcoin […]