Tag: btc

Bitcoin Price Weekly Analysis BTC USD

Bitcoin Price Weekly Analysis – BTC/USD Eyes New High No Comments

Key Points Bitcoin price is in super bullish trend and it recently traded above $7950 against the US Dollar. There is a connecting resistance trend line forming with current barrier near $8050 on the 4-hours chart of BTC/USD (data feed from SimpleFX). The pair is now well supported above the $7500 level and eyes a new high above $8000. Bitcoin price is gaining pace above $7500 agains...


ethusd

ETH/USD and ETH/BTC Technical Analysis November 16 2017 No Comments

Hello and welcome to News BTC’s Market Outlook November. ETH/USD Ethereum continues to run to the upside during the trading session on Wednesday, but the $340 level looks to be offering a bit of resistance. Because of this, I think a pullback might be necessary, but that pullbacks should only offer a fresh buying opportunity. I believe that the $312 level will now offer a bit of a “...


btcusd

BTC/USD and BTC/JPY Technical Analysis November 16 2017 No Comments

Hello and welcome to News BTC’s Market Outlook November. BTC/USD Bitcoin exploded to the upside yet again on Wednesday, slicing through the $7000 level. However, there is a lot of noise extending to the $7600 level, and it does look like we are getting a bit overbought on the 4-hour chart. With the stochastics crossing in the overbought zone, I suspect that it’s only a matter of tim...


ethusd

ETH/USD and ETH/BTC Technical Analysis November 15 2017 No Comments

Hello and welcome to News BTC’s Market Outlook November. ETH/USD Ethereum continues to chop around in a slow upward grind against the US dollar, as we have found the $330 level to cause a bit of trouble. However, I think we will continue to see buyers underneath so it’s likely that the market continues to rally from here, perhaps offering an opportunity to get involved to the upside ...


btcusd

BTC/USD and BTC/JPY Technical Analysis November 15 2017 No Comments

Hello and welcome to News BTC’s Market Outlook November. BTC/USD Bitcoin has been relatively quiet during the Tuesday session, as we continue to hover just above the 6500 level. The market looks likely to find a bit of support in this area, but with the stochastic oscillator crossing at the 80 level, I am a bit hesitant in the short term. I need to see a break above the 6800 level to...


ethusd

ETH/USD and ETH/BTC Technical Analysis November 14 2017 No Comments

ETH/USD Ethereum has been rather choppy during the session on Monday, but it does look as if we are trying to go higher. I believe that the $312 level underneath should offer a bit of support, but we need to break above the $320 level to extend the rally. Right now, the stochastics look a little bit overbought, but longer-term I still believe that the buyers come back into the marketpla...


ethusd

ETH/USD and ETH/BTC Technical Analysis November 13 2017 No Comments

ETH/USD Ethereum continues to chop around against the US dollar, and is currently testing the $300 level for support. It looks likely that we will find support underneath, perhaps extending as low as $280. This pullback should be thought of as a potential buying opportunity, as traders seem to be looking at building longer-term and larger positions. Overall, this should offer value for th...


btcusd

BTC/USD and BTC/JPY Technical Analysis November 13 2017 No Comments

BTC/USD Bitcoin fell a bit during the trading session on Friday, breaking through the important $7000 level. However, the $6800 level previously has been supported, and it looks as if the buyers are trying to come back into the market. Because of this, I am a bit cautious, but willing to start buying Bitcoin above the $7000 level again as it would show a turn around and resumption of th...


Bitcoin Price Weekly Analysis BTC USD

Bitcoin Price Weekly Analysis – BTC/USD Breaks Key Support No Comments

Key Points Bitcoin price struggled to move above the $7770 level against the US Dollar and started a downside move. There was a break below a major bullish trend line with support at $6780 on the 4-hours chart of BTC/USD (data feed from SimpleFX). The pair is now well below the $6500 level and remains in the bearish zone. Bitcoin price struggled and moved below $6500 against the US D...


Bitcoin Cash Up As Original Chain’s Price Recedes No Comments

The fork of Bitcoin from August 2017 known as Bitcoin Cash (BCH) surged over 30% on Friday according to industry price analysts at Coinmarketcap. This corresponded with a marked drop in the price of the original Bitcoin's (BTC) price to its lowest point since the start of November. Analysts are attributing the redistribution to the failed Segwit2x fork which was scheduled later this month. However...


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