Archive | Bitcoin Price action

Bitcoin Price Watch: Can BTC/USD Hold This Support?

Key Points Bitcoin price declined recently and broke the $9,300 support against the US Dollar. There is a crucial bearish trend line in place with resistance at $9,150 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair must stay above the $8,990 and $8,870 support levels to avoid further losses…. […]

Bitcoin Price Weekly Analysis – BTC/USD Could Settle above $10,000

Key Points Bitcoin price is trading with a positive bias and it currently placed nicely above $9,500 against the US Dollar. There is a major bullish trend line forming with support at $9,600 on the 4-hours chart of the BTC/USD pair (data feed from Kraken). The pair remains in an uptrend and it may well… […]

Bitcoin Price Weekly Analysis – BTC/USD Could Break $10,000

Key Points Bitcoin price remains in a decent uptrend with supports at $9,200 and $8,600 against the US Dollar. There is a key bullish trend line in place with support at $9,150 on the 4-hours chart of the BTC/USD pair (data feed from Kraken). The pair is likely to move further higher and it could… […]

Bitcoin Price Weekly Analysis – BTC/USD Primed for Gains

Key Points Bitcoin price rocketed higher and moved above a major resistance at $8,500 against the US Dollar. There is a connecting bullish trend line forming with support at $8,650 on the 4-hours chart of the BTC/USD pair (data feed from Kraken). The pair is currently consolidating above $8,600 and it primed for more gains… […]

Bitcoin Price Weekly Analysis – Can BTC/USD Break $8,500?

Key Points Bitcoin price surged higher this past week and broke $7,500 resistance against the US Dollar. There was a break above a key bearish trend line with resistance at $7,600 on the 4-hours chart of the BTC/USD pair (data feed from Kraken). The pair is currently trading above $8,000 and is facing a monster… […]

Bitcoin Price Weekly Analysis – BTC/USD’s Upsides Remain Capped

Key Points Bitcoin price is slowly recovering and forming support around the $6,500 level against the US Dollar. There is a major bearish trend line forming with resistance at $7,500 on the 4-hours chart of the BTC/USD pair (data feed from Kraken). The pair has to move above the $7,400 and $7,500 resistance levels to… […]

Bitcoin Price Weekly Analysis – BTC/USD Could Decline Further

Key Points Bitcoin price is under a lot of pressure and it recently declined below $7,000 against the US Dollar. There is a crucial bearish trend line forming with resistance at $8,100 on the 4-hours chart of the BTC/USD pair (data feed from Kraken). The pair may correct a few points towards $8,000, but it… […]

Bitcoin Price Weekly Analysis – BTC/USD Bounce is Fading

Key Points Bitcoin price recovered nicely from $7300, but it is struggling to gain traction against the US Dollar. There is a major bearish trend line forming with resistance at $8,750 on the 4-hours chart of the BTC/USD pair (data feed from Kraken). The pair must hold the $8,400-8450 support area to avoid any further […]

Bitcoin Price Weekly Analysis – BTC/USD to Retest $6,000

Key Points Bitcoin price is under heavy selling pressure as it tumbled below the $8,000 support against the US Dollar. There is a crucial contracting triangle forming with support at $7,400 on the 4-hours chart of the BTC/USD pair (data feed from Kraken). The pair may extend the current decline and it could even break […]

Bitcoin Price Weekly Analysis – BTC/USD Breakdown is Real

Bitcoin Price Weekly Analysis – BTC/USD Breakdown is Real Key Points Bitcoin price is trading in a bearish zone below the $9,400 support level against the US Dollar. There was a break below two major bullish trend lines with support at $10,000 on the 4-hours chart of the BTC/USD pair (data feed from Kraken). The […]

Bitcoin Price Weekly Analysis – BTC/USD Back in Uptrend

Key Points Bitcoin price started a nice upside move from the $10,100 swing low against the US Dollar. There is a contracting triangle pattern forming with resistance at $11,400 on the 4-hours chart of the BTC/USD pair (data feed from SimpleFX). The pair may decline or correct a few points, but it remains supported above […]

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 […]