Archive | Bitcoin Price Analysis

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 […]

$500,000 per Bitcoin? Public Personas Get Bullish on Bitcoin

Financial strategists, stock analysts, and tech gurus are all bullish on bitcoin. Even amidst concerns about how bitcoin will be upgraded and its recent violent price fluctuations, several public figures believe the cryptocurrency has a bright future. They tend to see bitcoin trending upward as demand for the digital currency accelerates. In this regard, bitcoin will […]

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 […]