Archive | bitcoin analysis

Bitcoin Price Weekly Analysis – Can BTC/USD Hold $9,000?

Key Points Bitcoin price declined this past week and moved below the $10,000 level against the US Dollar. There was a break below a major bullish trend line with support at $10,350 on the 4-hours chart of the BTC/USD pair (data feed from SimpleFX). The pair must stay above the $9,300 and $9,000 support levels […]

Bitcoin Price Weekly Analysis – BTC/USD Eyeing Further Gains

Key Points Bitcoin price made a nice upside move and traded above $9,000 and $10,000 against the US Dollar. There is a major ascending channel forming with current support at $10,150 on the 4-hours chart of the BTC/USD pair (data feed from SimpleFX). The pair may continue to rise and the next major resistances are […]

Bitcoin Price Weekly Analysis – BTC/USD Recovery to Fade Soon?

Key Points Bitcoin price declined sharply this past week and traded towards $7,500 against the US Dollar. There was a break below a crucial bullish trend line with support at $10,800 on the 4-hours chart of the BTC/USD pair (data feed from SimpleFX). The pair traded as low as $7,599 and it is currently correcting […]

Bitcoin Price Weekly Analysis – Can BTC/USD Break $12,000?

Key Points Bitcoin price is slowly moving higher and is currently trading above $11,000 against the US Dollar. There was a break above a monster bearish trend line with resistance at $11,000 on the 4-hours chart of the BTC/USD pair (data feed from SimpleFX). The price is likely forming a solid support base above the […]

Bitcoin Price Weekly Analysis – Can BTC/USD Capitalize Further?

Key Points Bitcoin price formed a major bottom at the $9096 low and recovered well against the US Dollar. The BTC/USD pair is currently attempting to settle above two bearish trend lines with resistance at $12,250 on the 4-hours chart (data feed from SimpleFX). The price must settle above the $12800 level to gain upside […]

Bitcoin Price Weekly Analysis – BTC/USD To Recover above $15,000

Key Points Bitcoin price traded lower this past week and tested the $12,600 support against the US Dollar. There was a break above a major bearish trend line with resistance at $13,800 on the 4-hours chart of BTC/USD (data feed from SimpleFX). The price has to break the $14,500 level and the 100 simple moving […]

Bitfury Group Unveils Technique to Analyze Bitcoin Transactions

Bitcoin transaction analysis has become an interesting topic of debate over the past few months. Although most governments claim Bitcoin to be anonymous, most people know that is anything but the case. Bitcoin lacks privacy, anonymity, and fungibility. BitFury Group has come up with a new way to analyze related Bitcoin addresses. Whether or not it […]

Bitcoin Price Weekly Analysis – BTC/USD Bullish above $15,500

Key Points Bitcoin price is recovering and is currently placed nicely above the $15,000 level against the US Dollar. There was a break above a key bearish trend line with resistance at $14,100 on the 4-hours chart of BTC/USD (data feed from SimpleFX). On the downside, there is a connecting bullish trend line forming with […]

Bitcoin Analysis January 3, 2018

BTC/USD Bitcoin has dipped a bit during the trading session on Tuesday, but at this point it looks like there is a large descending triangle trying to form, putting bearish pressure on Bitcoin. Because of this, we are either going to consolidate back towards the $16,000 level, or we will need to pay attention to […]

Bitcoin Price Weekly Analysis – BTC/USD Remains at Risk

Key Points Bitcoin price recovered recently, but it failed to move above the $16,400 resistance against the US Dollar. There is a crucial bearish trend line forming with current resistance at $14,200 on the 4-hours chart of BTC/USD (data feed from SimpleFX). The pair recently broke a connecting bullish trend line at $13,500 and made […]

Bitcoin Analysis January 1, 2017

BTC/USD Bitcoin did very little during the trading session on Friday, as traders are focusing on the new year celebration more than anything else. Having said that, there is plenty of support just below at the $13,000 level, and because of this I think it’s only a matter of time before the buyers get involved […]

Bitcoin Analysis December 29, 2017

BTC/USD Bitcoin fell slightly against the US dollar initially on Thursday, testing the $13,500 level. We are currently in the middle of consolidation, with $13,000 on the bottom being support, and the $16,000 level above is significant resistance. I believe that the market should continue to be very choppy and sideways, as volume is not […]