Tag: bitcoin technical analysis

  • technical analysis bitcoin
    Technical

    Bitcoin (BTC) Price Watch: Watch This Triangle for Directional Clues

    Bitcoin Price Key Highlights Bitcoin price is still stuck in consolidation, forming higher lows and lower highs inside a symmetrical triangle on the short-term chart. Price is approaching the peak of this formation so a breakout might be due soon, providing longer-term directional clues. Technical indicators are giving...

    Sarah Jenn | October 17, 2018 | 3:54 am
  • Technical

    Bitcoin (BTC) Price Watch: Triangle Resistance Break and Retest

    Bitcoin Price Key Highlights Bitcoin price recently surged past its symmetrical triangle resistance to signal that an uptrend is underway. Price found resistance around $7,800 and appears to be pulling back to the broken triangle top. If this area holds as support, price could aim for the Fibonacci...

    Sarah Jenn | October 16, 2018 | 4:46 am
  • technical analysis bitcoin
    Technical

    Bitcoin (BTC) Price Watch: Bulls Defend Triangle Bottom Again

    Bitcoin Price Key Highlights Bitcoin price tumbled down to the bottom of its long-term triangle but bulls keep buying on dips. Support continues to hold so another test of the resistance at $6,600 could take place. Technical indicators, however, are giving mixed signals on whether support might keep...

    Sarah Jenn | October 15, 2018 | 3:50 am
  • technical analysis bitcoin
    Technical

    Bitcoin (BTC) Price Watch: Just a Few Support Zones Left

    Bitcoin Price Key Highlights Bitcoin price also broke below the longer-term triangle support and is aiming lower. This follows a short-term triangle consolidation break, signaling that further losses are underway. Price is now closing in on a couple of support areas left before more sellers step on the...

    Sarah Jenn | October 12, 2018 | 3:32 am
  • technical analysis bitcoin
    Technical

    Bitcoin (BTC) Price Watch: Bulls on Defense After Breakdown

    Bitcoin Price Key Highlights Bitcoin price broke below its short-term consolidation to drop to the longer-term triangle bottom. A downside break from this area could lead to a drop to the lows around $5,800 or a continuation of the slide. Bulls still seem to be defending this floor...

    Sarah Jenn | October 11, 2018 | 3:53 am
  • technical analysis bitcoin
    Technical

    Bitcoin (BTC) Price Watch: Wait for this Short-Term Breakout

    Bitcoin Price Key Highlights Bitcoin price has formed lower highs and higher lows on its 1-hour chart to trade inside a symmetrical triangle. Price is currently testing the bottom of the triangle and might be due for a bounce back to the top around $6,700. Price is nearing...

    Sarah Jenn | October 10, 2018 | 5:08 am
  • technical analysis bitcoin
    Technical

    Bitcoin (BTC) Price Watch: More Signs Point to Gains

    Bitcoin Price Key Highlights Bitcoin price recently moved past the top of its long-term triangle to signal an uptrend in the works. Price is also trending higher inside an ascending channel and is currently testing an area of interest. Sustained bullish momentum could take it to the nearby...

    Sarah Jenn | October 9, 2018 | 3:42 am
  • technical analysis bitcoin
    Technical

    Bitcoin (BTC) Price Watch: Is That a Bullish Breakout Yet?

    Bitcoin Price Key Highlights Bitcoin price appears to be closing above the top of its symmetrical triangle pattern to show that bulls are gaining the upper hand. If so, this could lead to a rally that’s roughly the same height as the formation, which spans $6,000 to $10,000....

    Sarah Jenn | October 8, 2018 | 3:41 am
  • technical analysis bitcoin
    Technical

    Bitcoin (BTC) Price Watch: Nearby Upside Targets

    Bitcoin Price Key Highlights Bitcoin price continues to hover above its ascending channel support on the 4-hour time frame. Price appears to be consolidating after the bounce but remains on track towards testing the next upside targets. The 38.2% extension level seems to have kept some gains in...

    Sarah Jenn | October 5, 2018 | 4:02 am
  • Technical

    Bitcoin (BTC) Price Watch: Ready for a Long-Term Breakout?

    Bitcoin Price Key Highlights Bitcoin is now at the very end of its long-term triangle consolidation pattern, so a breakout could happen anytime soon. Price is currently testing the resistance around $6,600 and a long green candle closing above this could be enough to signal further gains. Technical...

    Sarah Jenn | October 4, 2018 | 4:05 am

NewsBTC is a news service that covers bitcoin news, technical analysis & forecasts for bitcoin and other altcoins. Here at NewsBTC, we are dedicated to enlightening people all around the world about bitcoin and other cryptocurrencies. We cover news related to bitcoin exchanges, bitcoin mining and price forecasts for various virtual currencies.

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