28-05-2017
06:37 am
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Author: Sarah Jenn

Sarah has been involved in the cryptocurrency space since the very beginning. Having stumbled across well hidden discussions in early forums she immersed herself in the industry, and is now a leading author and consultant for a range of bitcoin companies. She loves DASH and mathematics.

Bitcoin Price Technical Analysis for 05/26/2017 – Much-Needed Correction, Uptrend Still Intact No Comments

Bitcoin Price Key Highlights Bitcoin price reached yet another all-time high but this was followed by a sharp selloff. This sudden drop was attributed to profit-taking since the digital currency has been setting one record high after another for the most part of this week. The uptrend on the 1-hour time frame is still holding and technical indicators are signaling that another move nort...


Bitcoin Price Technical Analysis for 05/25/2017 – Blew Past $2500, Aiming for $3000? No Comments

Bitcoin Price Key Highlights Bitcoin price has set yet another record high by surging past the $2500 handle on industry developments. BTCUSD broke past a short-term ascending channel formation, indicating that a steeper climb is underway. Technical indicators are giving mixed signals on the 15-minute chart so there's still a chance for a pullback. Bitcoin price blew past the $2500 ba...


Bitcoin Price Technical Analysis for 05/24/2017 – Another Day, Another Record High! No Comments

Bitcoin Price Key Highlights Bitcoin price has just breached the $2200 level and is trading around $2300, setting new all-time highs again. This is around the resistance of a new ascending channel visible on its short-term time frames so a pullback to support might be due. Technical indicators are showing rally exhaustion but that the ongoing uptrend could resume at some point. Bitco...


Bitcoin Price Technical Analysis for 05/23/2017 – What’s Up with the Nonstop Climb? No Comments

Bitcoin Price Key Highlights Bitcoin price has established new all-time highs once more as volatility picked up. Price spiked back and forth but is still inside the ascending channel visible on its 1-hour chart. Price is bouncing off the support again and could be due for another test of resistance. Bitcoin price looks ready for more gains as it made new record highs and bounced afte...


Bitcoin Price Technical Analysis for 05/22/2017 – Can It Go Past $2000? No Comments

Bitcoin Price Key Highlights Bitcoin price is testing the $2000 levels and traders are wondering if it could keep rising past this psychological mark. Before this happens, though, bitcoin might need to pull back to nearby support levels to get more buyers to join in. A rising trend line can be drawn to connect the latest lows of bitcoin price action on the 4-hour chart. Bitcoin price...


Bitcoin Price Technical Analysis for 05/19/2017 – New All-Time Highs Again! No Comments

Bitcoin Price Key Highlights Bitcoin price recently broke outside of its symmetrical triangle pattern and completed a pullback as illustrated in the previous post. Price has since resumed its climb and has broken past the previous highs at the $1880 area. Another strong bullish run is underway, supported by several market factors. Bitcoin price has once again set new record highs upo...


Bitcoin Price Technical Analysis for 05/18/2017 – Quick Retest for Bulls No Comments

Bitcoin Price Key Highlights Bitcoin price just broke to the upside from its short-term triangle consolidation pattern. This is an early indication that bulls are charging again as new market factors have emerged. A quick pullback to the broken triangle resistance could take place before more buyers join in. Bitcoin price made an upside break from its triangle consolidation pattern t...


Bitcoin Price Technical Analysis for 05/17/2017 – Wait for a Triangle Break! No Comments

Bitcoin Price Key Highlights Bitcoin price is still stuck in consolidation but could be due for a breakout soon to set the general direction. The longer-term uptrend remains intact and it remains to be seen whether a larger pullback is due or if an upside break is underway. Technical indicators seem to be hinting that bullish pressure is building up. Bitcoin price consolidation has g...


Bitcoin Price Technical Analysis for 05/16/2017 – Major Correction Levels to Watch No Comments

Bitcoin Price Key Highlights Bitcoin price seems to be running out of steam for its climb, so a major pullback might be due. Price is still stuck in consolidation as seen on short-term time frames as traders are waiting for the next big catalyst. Applying the Fib tool on the rally since April shows potential correction levels on the daily chart. Bitcoin price looks prime for a large ...


Bitcoin Price Technical Analysis for 05/15/2017 – Ready to Resume the Climb? No Comments

Bitcoin Price Key Highlights Bitcoin price recently made a large correction as expected and bounced off the rising trend line illustrated earlier. Applying the Fib extension tool shows the levels that price could reach if it does resume the climb. There are a few signs that bulls might be losing traction from here, but this still hinges mostly on market events. Bitcoin price bounced ...


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