Tag: bitcoin technical analysis

  • technical analysis bitcoin
    Analysis

    Bitcoin Price Weekly Analysis: BTC/USD’s Next Target $8,500

    Key Points Bitcoin price gained momentum and settled above $7,200 against the US Dollar. There is a major bullish trend line forming with support at $7,000 on the 4-hours chart of the BTC/USD pair (data feed from Kraken). The pair is likely to make the next move either...

    Aayush Jindal | July 22, 2018 | 6:48 am
  • technical analysis bitcoin
    Analysis

    Bitcoin Price Watch: Can BTC/USD Hold This?

    Key Points Bitcoin price is consolidating below a key resistance at $7,555 against the US Dollar. There is a connecting bullish trend line forming with support at $7,390 on the hourly chart of the BTC/USD pair (data feed from Kraken). A break below $7,380 could trigger a major...

    Aayush Jindal | July 20, 2018 | 8:28 am
  • technical analysis bitcoin
    Technical

    Bitcoin (BTC) Price Watch: Is That a Bullish Continuation Signal?

    Bitcoin Price Key Highlights Bitcoin price recently broke past key resistance levels but is now consolidating around the $7,400 level. This could be seen as a bullish flag pattern, which follows a strong rally and could be seen as a continuation signal. A break past the $7,600 level...

    Sarah Jenn | July 20, 2018 | 4:02 am
  • technical analysis bitcoin
    Analysis

    Bitcoin Price Watch: BTC/USD Correcting Gains

    Key Points Bitcoin price started a downward correction after trading as high as $7,605 against the US Dollar. There was a break below a key ascending channel with support at $7,420 on the hourly chart of the BTC/USD pair (data feed from Kraken). The BTC/USD pair may perhaps...

    Aayush Jindal | July 19, 2018 | 8:30 am
  • technical analysis bitcoin
    Technical

    Bitcoin (BTC) Price Watch: Buyers Waiting for a Pullback?

    Bitcoin Price Key Highlights Bitcoin price recently surged past an area of interest and may be due for a retest. Using the Fibonacci retracement tool shows where bulls might be waiting to join in. Technical indicators are hinting at potential profit-taking and a continuation of the uptrend. Bitcoin...

    Sarah Jenn | July 19, 2018 | 3:34 am
  • technical analysis bitcoin
    Analysis

    Bitcoin Price Watch: BTC/USD Poised for More Gains

    Key Points Bitcoin price surged and broke the $6,800 and $7,200 resistance levels against the US Dollar. There is a short-term ascending channel forming with support at $7,400 on the hourly chart of the BTC/USD pair (data feed from Kraken). The BTC/USD pair is currently consolidating gains near...

    Aayush Jindal | July 18, 2018 | 8:28 am
  • technical analysis bitcoin
    Technical

    Bitcoin (BTC) Price Watch: Bullish Pattern Confirmation!

    Bitcoin Price Key Highlights Bitcoin price finally broke above the neckline of its inverse head and shoulders pattern to signal that a rally is underway. The chart pattern is around $1,000 tall so the uptrend has room to go, but a pullback might take place. Technical indicators are...

    Sarah Jenn | July 18, 2018 | 4:09 am
  • technical analysis bitcoin
    Analysis

    Bitcoin Price Watch: BTC/USD’s Trend Overwhelmingly Bullish

    Key Points Bitcoin price surged higher and broke a crucial resistance near $6,380 against the US Dollar. There is a new key bullish trend line forming with support at $6,480 on the hourly chart of the BTC/USD pair (data feed from Kraken). The BTC/USD pair is currently correcting...

    Aayush Jindal | July 17, 2018 | 8:28 am
  • technical analysis bitcoin
    Technical

    Bitcoin (BTC) Price Watch: Waiting for Reversal Confirmation

    Bitcoin Price Key Highlights Bitcoin price has completed its inverse head and shoulders reversal pattern and is now awaiting confirmation. Price is testing the neckline at $6,800 and an upside break could spur a $1,000 climb. Technical indicators are showing mixed signals but longer-term bullish momentum could start...

    Sarah Jenn | July 17, 2018 | 4:21 am
  • technical analysis bitcoin
    Analysis

    Bitcoin Price Watch: BTC/USD’s Bullish Break Underway

    Key Points Bitcoin price slowly climbed above a major resistance area near $6,300 against the US Dollar. There was a break above two important bearish trend lines near $6,310 and $6,350 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair is likely to...

    Aayush Jindal | July 16, 2018 | 8:28 am

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