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Posts published in “#BTC”

Bitcoin Price Watch: BTC/USD’s Bullish Scenario

Key Points Bitcoin price moved higher and broke the $8,300 resistance level against the US Dollar. There is a significant ascending channel formed with support at $8,400 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair is likely to accelerate gains above $8,650 if it continues to follow the ascending...

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Bitcoin Price Weekly Analysis: BTC/USD Testing Crucial Resistance

Key Points Bitcoin price stayed above the $8,000 support level and recovered against the US Dollar. There is a monster bearish trend line forming with resistance at $8,300 on the 4-hours chart of the BTC/USD pair (data feed from Kraken). The pair has to move above the trend line and settle above $8,300-8,400 for more...

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Bitcoin Price Watch: BTC/USD at Risk of Further Declines

Key Points Bitcoin price declined and broke a key support level at $8,200 against the US Dollar. There was a break below a triangle pattern with support at $8,250 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair may correct a few points in the short term, but it could...

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Bitcoin Price Watch: BTC/USD Struggling Near $8,500

Key Points Bitcoin price found support above $8,000 and recovered nicely against the US Dollar. There is a breakout pattern forming with resistance near $8,500 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair has to move above the $8,500 resistance the 100 hourly simple moving average to gain momentum....

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Bitcoin Price Watch: BTC/USD Made Sharp U-Turn

Key Points Bitcoin price failed to capitalize above $8,800 level and declined sharply against the US Dollar. BTC/USD broke this week’s ascending channel with support at $8,500 on the hourly chart (data feed from Kraken). The pair settled below a key support at $8,400 and the 100 hourly simple moving average. Bitcoin price made a...

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Bitcoin Price Watch: BTC/USD Primed for Gains

Key Points Bitcoin price is showing bullish signs above the $8,600 pivot level against the US Dollar. This week’s ascending channel with current support at $8,480 is intact on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair is now trading nicely above the $8,500 support and the 100 hourly simple...

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Bitcoin Price Watch: BTC/USD’s Upside Capped By 100 SMA

Key Points Bitcoin price corrected higher, but upsides were capped by $8,800 and 100 hourly SMA against the US Dollar. The BTC/USD pair broke an ascending channel with support at $8,450 on the hourly chart (data feed from Kraken). The pair must stay above the $8,300 support level to avoid any further declines in the...

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Bitcoin Price Weekly Analysis – Can BTC/USD Hold $8,000?

Key Points Bitcoin price declined sharply after it failed to move above the $9,500 resistance against the US Dollar. There is a significant bearish trend line forming with resistance at $8,900 on the 4-hours chart of the BTC/USD pair (data feed from Kraken). The pair may rise in the short term, but it is likely...

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Bitcoin Price Watch: BTC/USD Turned Bearish

Key Points Bitcoin price failed to break a major resistance area near $9,400 and declined sharply against the US Dollar. There is a major bearish trend line forming with resistance at $9,380 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair is now trading well below the $9,050 support, which...

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Bitcoin Price Watch: BTC/USD Broke Key Barrier

Key Points Bitcoin price formed a support base around $9,000 and jumped higher against the US Dollar. There was a break above a crucial declining channel with resistance at $9,200 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair is currently struggling to settle above $9,400 and the 100 hourly...

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