26-06-2017
07:10 am
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Tag: bitcoin signals

Bitcoin Price Technical Analysis for 06/23/2017 – Support Held as Expected! No Comments

Bitcoin Price Key Highlights Bitcoin price retreated to the ascending channel support and area of interest marked in the previous article. This support held as expected, allowing bitcoin to rebound to the 38.2% Fibonacci extension level. The next extension levels give an idea of how high price could go if the uptrend carries on. Bitcoin price completed its correction to the channel s...


Bitcoin Price Technical Analysis for 06/22/2017 – Short-Term Pullback? No Comments

Bitcoin Price Key Highlights Bitcoin price recently bounced off resistance near the $2800 mark and may be pulling back from a short-term climb. Price is moving inside a small ascending channel visible on the 1-hour time frame and could test support soon. Technical indicators suggest that the correction could be in play for some time but that the overall uptrend could stay intact. Bit...


Bitcoin Price Technical Analysis for 06/21/2017 – New Channel Forming No Comments

Bitcoin Price Key Highlights Bitcoin price recently bounced off the new channel support and is indicating a return to bullish pressure. Price also moved past the area of interest highlighted in the previous article to show that buyers are regaining control. Bitcoin is still hanging around the mid-channel area of interest so there may be a bit of resistance before it is able to climb bac...


Bitcoin Price Technical Analysis for 06/20/2017 – Support Turned Resistance No Comments

Bitcoin Price Key Highlights Bitcoin price recently broke below support around $2500 and dipped to the $2100 area. Price has since rallied and tested the broken support, which lined up with the 61.8% Fibonacci retracement level. This area is holding as resistance so bitcoin price could fall back to the swing low. Bitcoin price is completing a correction on its 1-hour time frame as th...


Bitcoin Price Technical Analysis for 06/19/2017 – Major Reversal Pattern Forming? No Comments

Bitcoin Price Key Highlights Bitcoin price recently made a sharp break below a consolidation pattern to signal that the tides are favoring the bears. However, price bounced off an area of interest to indicate that bulls are putting up a fight. The rally has not been sustained, though, and a head and shoulders chart pattern seems to be forming. Bitcoin price seems to be forming a head...


Bitcoin Price Technical Analysis for 06/16/2017 – Last Line of Defense! No Comments

Bitcoin Price Key Highlights Bitcoin price has sold off quite sharply recently, following a break of near-term support areas. Reversal patterns can be seen on the 4-hour time frame as bearish pressure picked up in the past few days. Bitcoin price is now down to the last line of defense on the 4-hour time frame, as a break below this level could mean more losses. Bitcoin price is test...


Bitcoin Price Technical Analysis for 06/15/2017 – Bears Pushing for a Breakdown No Comments

Bitcoin Price Key Highlights Bitcoin price had been trending higher and moving inside an ascending channel pattern. Bulls have been able to defend support yesterday but bears are making another attempt to break lower. If this breakdown materializes, bitcoin price could be in for a long-term reversal from its uptrend. Bitcoin price is starting to break below key support levels, signal...


Bitcoin Price Technical Analysis for 06/14/2017 – Bulls Defend Channel Support No Comments

Bitcoin Price Key Highlights Bitcoin price is trading inside an ascending channel on its 4-hour chart and has just bounced off support. A climb to the channel resistance around the $3000 mark could be underway. Technical indicators are also suggesting that the uptrend is likely to resume at this point. Bitcoin price sold off sharply recently but has found support at the bottom of the...


Bitcoin Price Technical Analysis for 06/13/2017 – Sharp Breakdown! No Comments

Bitcoin Price Key Highlights Bitcoin price was previously consolidating inside an ascending wedge pattern on its 4-hour time frame. Price broke to the downside to indicate that selling pressure is getting stronger. The longer-term uptrend remains intact and a test of the trend line support could be underway. Bitcoin price made a breakdown from the rising wedge pattern to suggest that...


Bitcoin Price Technical Analysis for 06/12/2017 – Rising Wedge Pattern No Comments

Bitcoin Price Key Highlights Bitcoin price is moving higher but is currently in a consolidation pattern. Price has formed higher lows and higher highs, creating a rising wedge formation visible on its 4-hour time frame. Bitcoin is testing support at the moment and could be due for a move back to the resistance around the recent highs or the $3000 level. Bitcoin price is consolidating...


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