Tag: bitcoin signals

Bitcoin Price Technical Analysis for 10/23/2017 – Another Break, Another Pullback No Comments

Bitcoin Price Key Highlights Bitcoin price surged to new highs at the $6200 area once more, indicating that bullish momentum is very strong. Price has quickly pulled back after reaching this area, giving more bulls an opportunity to hop in the climb. Applying the Fibonacci retracement tool on the breakout move shows nearby support levels. Bitcoin price zoomed up to set new all-time h...


Bitcoin Price Weekly Analysis BTC USD

Bitcoin Price Weekly Analysis – BTC/USD Buyers In Control No Comments

Key Points Bitcoin price spiked this past week and moved above the $6000 handle against the US Dollar. There is a monster bullish trend line forming with support at $5510 on the 4-hours chart of BTC/USD (data feed from SimpleFX). The pair is currently correcting lower and approaching towards the $5750 support area. Bitcoin price remains in a major uptrend above $5600 against the US D...


Bitcoin Price Technical Analysis for 10/20/2017 – Hitting a Ceiling No Comments

Bitcoin Price Key Highlights Bitcoin price recently broke below a short-term triangle, tested a longer-term trend line, and is back to testing the all-time highs. If this continues to keep gains in check, a drop back to the rising support zone could be seen. On the other hand, a strong bullish catalyst could lead to the creation of new highs. Bitcoin price regained enough bullish mom...


Bitcoin Price Technical Analysis for 10/19/2017 – New Upside Targets? No Comments

Bitcoin Price Key Highlights Bitcoin price has bounced off the longer-term rising trend line highlighted in a previous article. This could mean that the cryptocurrency is set to resume its climb to new record highs, and the channel and Fib extension tool indicate the next upside targets. Technical indicators are also signaling that the uptrend could carry on. Bitcoin price looks read...


Bitcoin Price Technical Analysis for 10/18/2017 – Short-Term Selloff Underway? No Comments

Bitcoin Price Key Highlights Bitcoin price recently broke below the support of an ascending triangle highlighted in a previous article. This could be indicative of a short-term selloff that's roughly the same height as the chart formation. A double top pattern can also be seen and bitcoin price is moving closer to testing the neckline around $5400. Bitcoin price is showing a handful ...


Bitcoin Price Technical Analysis for 10/17/2017 – Ascending Triangle Pattern No Comments

Bitcoin Price Key Highlights Bitcoin price is pausing from its strong rally, consolidating on the short-term time frames while waiting for more momentum. Price has formed higher lows and found resistance around $5800, creating an ascending triangle formation. Price is currently testing the triangle support and could be due for a move back to the top. Bitcoin price has formed an ascen...


Bitcoin Price Technical Analysis for 10/16/2017 – Waiting for a Pullback No Comments

Bitcoin Price Key Highlights Bitcoin price recently surged to new record highs, indicating that bullish momentum is strongly in play once more. Price appears to be stalling from its rally so a pullback opportunity might present itself. Technical indicators are mostly signaling that the uptrend could resume, and the Fib tool shows the potential correction levels. Bitcoin price could b...


Bitcoin Price Weekly Analysis BTC USD

Bitcoin Price Weekly Analysis – BTC/USD in Monstrous Trend No Comments

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 pair might continue to trade higher and could even break the recent high of $5851. Bitcoin price is surging higher against the US Dol...


Bitcoin Price Technical Analysis for 10/13/2017 – How High Can It Go? No Comments

Bitcoin Price Key Highlights Bitcoin price broke past its all-time highs to create new ones, signaling a fresh push among bulls. Looking at the Fibonacci extension levels based on the latest correction move shows the next upside targets. Price has already breached the 76.4% extension and is making its way towards the full extension near $6000. Bitcoin price is on a tear after establi...


Bitcoin Price Technical Analysis for 10/12/2017 – Bounce or Break from All-Time Highs? No Comments

Bitcoin Price Key Highlights Bitcoin price has been able to push for more gains but the rally is slowing as it approaches the all-time highs. Profit-taking could happen at this point, probably taking bitcoin down for a quick pullback or a larger correction. Technical indicators are giving mixed signals on the 4-hour time frame. Bitcoin price is within striking distance of its record ...


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