Archive | bitcoin technical 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…