Tag: Bitcoin Price Weekly Analysis

Bitcoin Price Weekly Analysis BTC USD

Bitcoin Price Weekly Analysis – Can BTC/USD Hold This No Comments

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 may recover in the near term. Bitcoin price failed to move above the $4475 level aga...


Bitcoin Price Weekly Analysis BTC USD

Bitcoin Price Weekly Analysis – BTC/USD In Monstrous Uptrend No Comments

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 near term. Bitcoin price is in a super bullish trend against the US Dollar and o...


Bitcoin Price Weekly Analysis BTC USD

Bitcoin Price Weekly Analysis – BTC/USD Eyes $3500 No Comments

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 near $3120 and $3000. Bitcoin price is gaining pace against the US Dollar and o...


Bitcoin Price Weekly Analysis BTC USD

Bitcoin Price Weekly Analysis – BTC/USD Preparing for August No Comments

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 is trading with a positive tone above $2500 ag...


Bitcoin Price Weekly Analysis BTC USD

Bitcoin Price Weekly Analysis – BTC/USD To Continue Higher No Comments

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 the next move. Bitcoin price after a major decline recovered ...


Bitcoin Price Weekly Analysis BTC USD

Bitcoin Price Weekly Analysis – Can BTC/USD Stay Above $2000? No Comments

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 to hold it. Bitcoin price crashed below $2200 recently again...


Bitcoin Price Weekly Analysis BTC USD

Bitcoin Price Weekly Analysis – Can BTC/USD Hold This? No Comments

Key Points Bitcoin price traded in a range above the $2400 handle against the US Dollar, and looking for a break. There is a monster breakout pattern with support at $2420 forming on the 4-hours chart of BTC/USD (data feed from SimpleFX). On the upside, a break above the $2600 is needed for the price to gain bullish momentum. Bitcoin price is heading towards a crucial break against t...


Bitcoin Price Weekly Analysis BTC USD

Bitcoin Price Weekly Analysis – BTC/USD Approaching Crucial Break No Comments

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 is approaching a major break below $23...


Bitcoin Price Weekly Analysis BTC USD

Bitcoin Price Weekly Analysis – BTC/USD To Decline Further No Comments

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 price is currently below $2600 against the US Do...


Bitcoin Price Weekly Analysis BTC USD

Bitcoin Price Weekly Analysis – BTC/USD Poised For Gains No Comments

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 last swing high at $2970. Bitcoin price corrected lower from $2970 ...


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