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Posts published in “bitcoin trading”

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...

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Bitcoin (BTC) Price Watch: Decisive Bullish Break Happening?

Bitcoin Price Key Highlights Bitcoin price is attempting another upside break from its descending triangle visible on the longer-term charts. If this is a decisive break, price could climb by the same height as the triangle, which spans close to $4,000. Technical indicators are giving mixed signals but there are signs of bullish momentum building...

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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 mixed signals, although there seems to be...

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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 extension levels next. Bitcoin price is in...

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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 holding or not. Bitcoin price has bounced...

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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 gas. Bitcoin price has broken below one...

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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 so another bounce could be due, perhaps...

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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 the end of its triangle pattern and...

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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 upside target around the $7,000 handle. Bitcoin...

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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. Technical indicators are giving mixed signals, although...

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