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Posts published in “bitcoin technical analysis”

Bitcoin Technical Analysis: A Comprehensive Review of The Weekly Chart

Technical Analysis: Bitcoin Makes a Move Amid Uncertain Two-Weeks

The Cryptocurrency market closed on a high last week with all major cryptos finishing the week on a relative high.  A reasonably strong close for the first week of November has many analysts once again facing the question if the bottom is in.  Here we take a look specifically at the market leader, Bitcoin (BTC) , to see if an end is in sight for the bear market. Not to mention what we need to

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Bitcoin (BTC) Price Watch: Aiming for $7,000 Next?

Bitcoin Price Key Highlights Bitcoin price is gaining traction on it bounce off the channel support on its 4-hour time frame. A move to the next upside targets might be in the works and the Fibonacci extension tool marks these. Technical indicators are hinting at weakening bullish momentum, though. Bitcoin price looks ready to resume...

The post Bitcoin (BTC) Price Watch: Aiming for $7,000 Next? appeared first on NewsBTC.

Bitcoin (BTC) Price Watch: Bullish Channel Still Intact

Bitcoin Price Key Highlights Bitcoin price broke down from its short-term consolidation and is down to the longer-term channel support. A bounce could still allow the uptrend to resume and take price to the resistance at $7,000. A break below current levels could lead to a pickup in selling pressure and prolonged declines once more....

The post Bitcoin (BTC) Price Watch: Bullish Channel Still Intact appeared first on NewsBTC.

Bitcoin (BTC) Price Watch: Sellers Waiting at Area of Interest

Bitcoin Price Key Highlights Bitcoin price continues to trade inside its descending channel on the 1-hour time frame. Price looks ready for a pullback to the resistance and the Fib retracement tool shows where sellers might be waiting. Technical indicators also seem to be suggesting that the downtrend might resume at some point. Bitcoin is...

The post Bitcoin (BTC) Price Watch: Sellers Waiting at Area of Interest appeared first on NewsBTC.

Bitcoin (BTC) Price Watch: Eyes on This Support Zone!

Bitcoin Price Key Highlights Bitcoin price is still moving inside a range visible on its 1-hour time frame and looks prime for a test of support. Price has made it halfway down through the range and could have enough momentum for a move to the bottom. Technical indicators are also reflecting the presence of bearish...

The post Bitcoin (BTC) Price Watch: Eyes on This Support Zone! appeared first on NewsBTC.

Bitcoin (BTC) Price Watch: Bears Refusing to Let Up

Bitcoin Price Key Highlights Bitcoin price recently tumbled below a short-term rising trend line but might be due for a pullback. Applying the Fib retracement tool on the latest swing high and low shows the levels where more sellers might be waiting. However, technical indicators are giving mixed signals on whether the slide could resume...

The post Bitcoin (BTC) Price Watch: Bears Refusing to Let Up appeared first on NewsBTC.

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

Bitcoin Price Key Highlights Bitcoin price has been trending lower inside a descending channel visible on its 1-hour chart. Price appears to be attempting an upside break as a few hourly candles are closing above the channel top. Technical indicators may be showing some hints of a pickup in bullish momentum. Bitcoin price is trying...

The post Bitcoin (BTC) Price Watch: Is This a Bullish Breakout Yet? appeared first on NewsBTC.

Bitcoin (BTC) Price Watch: Bearish Channel Forming?

Bitcoin Price Key Highlights Bitcoin price might be in for a downtrend as it is moving inside a newly-forming descending channel. Technical indicators on this time frame also support further declines. This might be enough to take bitcoin price to the channel support or the mid-channel area of interest. Bitcoin price might be in for...

The post Bitcoin (BTC) Price Watch: Bearish Channel Forming? appeared first on NewsBTC.

Bitcoin (BTC) Price Watch: Stuck in This Short-Term Range

Bitcoin Price Key Highlights Bitcoin price is still treading sideways, right in the middle of its range visible on the 1-hour and 4-hour charts. Price has yet to break out of the current consolidation to show whether it would make a test of support or resistance. Technical indicators seem to be suggesting that a move...

The post Bitcoin (BTC) Price Watch: Stuck in This Short-Term Range appeared first on NewsBTC.

Bitcoin (BTC) Price Watch: Are Bears Back in the Game?

Bitcoin Price Key Highlights Bitcoin price appears to be turning from the resistance at the top of its descending triangle on the 4-hour chart. Price could be making its way back to the bottom of the triangle again from here. Technical indicators are also reflecting the presence of selling pressure that could keep gains in...

The post Bitcoin (BTC) Price Watch: Are Bears Back in the Game? appeared first on NewsBTC.

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