Archive | btc

BTC/USD and BTC/JPY Technical Analysis August 23 2017

Hello and welcome to News BTC’s Market Outlook Aug 23. BTC/USD Bitcoin fell rather rapidly during the session on Tuesday, breaking down to the vital $3600 level. That is an area that is massively supportive, and if we were to break down below there, the market would go much lower. We have bounced back to […]

ETH/USD and ETH/BTC Technical Analysis August 22, 2017

Hello and welcome to News BTC’s Market Outlook Aug 22. ETH/USD Ethereum exploded to the upside during the session on Monday, clearing the resistance level at the $312 level, and reached towards the $345 level. The market is up over 15% as I write this, so if you’re not in now, you would be wise […]

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 […]

ETH/USD and ETH/BTC Technical Analysis Aug18, 2017

Hello and welcome to News BTC’s Market Outlook Aug 18. ETH/USD Ethereum pulled back slightly during the session on Thursday, but then shot much higher. Now that we are at the $310 level, the market looks ready to continue to go much higher. However, I think that the market will find buyers on pullbacks, and […]

BTC/USD and BTC/JPY Technical Analysis Aug18, 2017

Hello and welcome to News BTC’s Market Outlook Aug 18. BTC/USD Bitcoin rallied during the day on Thursday, reaching towards the $4500 level. However, there is a certain amount of psychological resistance at this large, round number, so it’s not surprising that we would struggle. Once we break above that figure, the market should continue […]

ETH/USD and ETH/BTC Technical Analysis Aug 17, 2017

Hello and welcome to News BTC’s Market Outlook Aug 17. ETH/USD Ethereum exploded to the upside during the session on Wednesday, breaking above the $300 level. By doing so, we have cleared a bit of a psychological hurdle and it now looks as if pullbacks could offer nice buying opportunities. A break above the $305 […]

BTC/USD and BTC/JPY Technical Analysis Aug 17, 2017

Hello and welcome to News BTC’s Market Outlook Aug 17. BTC/USD Bitcoin went sideways during the session on Wednesday, as the 4000 level continues to offer support. I believe that the market needs to gather its wits for a while, and I think that we will have a reasonably quiet move next. However, the Federal […]

ETH/USD and ETH/BTC Technical Analysis Aug 16, 2017

Hello and welcome to News BTC’s Market Outlook Aug 16. ETH/USD Ethereum fell a bit during the day on Tuesday, as we are now testing the $280 level. I believe this is an area that should offer a significant amount of support, so we break down below there that could be very negative sign, perhaps […]

BTC/USD and BTC/JPY Technical Analysis Aug 16, 2017

Hello and welcome to News BTC’s Market Outlook Aug 16. BTC/USD The BTC/USD pair initially tried to rally on Tuesday but then started to fall apart as the US dollar continue to strengthen overall. This was due to stronger than anticipated retail sales, which ups the possibility of a rate hike. Because of this, the […]

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 […]

Fun Bitcoin Statistic: BTC Was Worth US$1 for Every day it Existed so far

This is a very exciting day for Bitcoin users all over the world, that much is evident. Some users have come across one exciting statistic most people wouldn’t have noticed. More specifically, the Bitcoin price earlier today represented a significant value. At that time, Bitcoin was worth US$1 for every day it existed. Bitcoin exists […]