Archive | Bitcoin Price Analysis

Bitcoin Price Weekly Analysis – BTC/USD in Monstrous Trend

Key Points Bitcoin price is in a major uptrend and recently broke the $5600 resistance against the US Dollar. There are two major bullish trend lines forming with support at $5280 and $5000 on the 4-hours chart of BTC/USD (data feed from SimpleFX). The…

Bitcoin Price Weekly Analysis – BTC/USD To Surpass $4600

Key Points Bitcoin price is back in the bullish zone and might soon break the $4600 level against the US Dollar. There is a crucial contracting triangle pattern forming with support at $4320 on the 4-hours chart of BTC/USD (data feed from SimpleFX). Th…

Bitcoin Price Weekly Analysis – BTC/USD Remains in Uptrend

Key Points Bitcoin price has recovered well and broke the $4000 resistance against the US Dollar. There is a crucial ascending channel forming with support at $4250 on the 4-hours chart of BTC/USD (data feed from SimpleFX). The pair is gaining momentum and about to break the $4350 resistance. Bitcoin price is back in the […]

Bitcoin Price Weekly Analysis – Can BTC/USD Break This?

Key Points Bitcoin price has started a recovery from the $2965 low against the US Dollar and already moved above $3500. There is a monster bearish trend line with resistance near $3850 on the 4-hours chart of BTC/USD (data feed from SimpleFX). The pair has to break the 43850-4000 resistance to gain momentum in the […]

Bitcoin Price Weekly Analysis – BTC/USD To Struggle Above $4000

Key Points Bitcoin price after a nasty decline towards the $2965 level against the US Dollar found support. There are two major bearish trend lines forming with resistance near $3900-4000 on the 4-hours chart of BTC/USD (data feed from SimpleFX). The pair might struggle to move back above the $4000 level considering the current market […]

Bitcoin Price Weekly Analysis – BTC/USD To Breakdown?

Key Points Bitcoin price is struggling to remain above the $4100 support area against the US Dollar. There is a key bullish trend line with support at $4150 forming on the 4-hours chart of BTC/USD (data feed from SimpleFX). The pair is heading towards the trend line support at $4150 and might attempt a downside […]

Bitcoin Price Weekly Analysis – BTC/USD Eyes Break above $5000?

Key Points Bitcoin price surged above the $4500 level against the US Dollar as discussed in the last weekly analysis. There is a major bullish trend line with support at $4460 forming on the 4-hours chart of BTC/USD (data feed from SimpleFX). The price recently tested the $4450-60 support and likely to resume its uptrend. […]

Bitcoin Price Weekly Analysis – Can BTC/USD Break $4500?

Key Points Bitcoin price failed once again around the $4450 level against the US Dollar, and currently trading near $4350. There is a crucial bullish trend line with support at $4280 forming on the 4-hours chart of BTC/USD (data feed from SimpleFX). As long as the price is above the trend line support at $4280, […]

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 […]