Archive | Bitcoin Price Analysis

Bitcoin Price Watch: Can BTC/USD Break $6,480-6,550 This Time?

Key Points Bitcoin price declined and tested the $6,200-6,220 support area against the US Dollar. There is a major bearish trend line forming with resistance near $6,480 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair is currently correcting higher, but it could struggle to move past $6,480 and $6,500…. […]

Bitcoin Price Watch: BTC/USD at Risk of Upside Break above $6,540

Key Points Bitcoin price mostly traded in a range above the $6,300 support area against the US Dollar. There is a crucial breakout triangle pattern formed with resistance near $6,540 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could dip a few points towards $6,380, but it is likely… […]

Bitcoin Price Weekly Analysis: BTC/USD Failed Again Near $6,600, Now What?

Key Points Bitcoin price rebounded and moved above the $6,400 level, but it failed near $6,600 against the US Dollar. There was a break below a major bullish trend line with support at $6,460 on the 4-hours chart of the BTC/USD pair (data feed from Kraken). The pair remains in a broad range between $6,000… […]

Bitcoin Price Watch: BTC/USD Signaling Bullish Continuation Towards $6,700

Key Points Bitcoin price recovered nicely after forming a support base near $6,200 against the US Dollar. There was a break above a key contracting triangle with resistance at $6,375 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair may perhaps continue to move higher towards the $6,570 and $6,750… […]

Bitcoin Price Watch: What Does BTC/USD’s Failure Near $6,600 Indicate?

Key Points Bitcoin price jumped above the $6,400 and $6,550 resistance levels, but failed to hold gains against the US Dollar. There is a major bullish trend line in place with support at $6,240 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair clearly made a failed attempt to break… […]

Bitcoin Price Watch: BTC/USD’s Rebound Above $6,350 is Real?

Key Points Bitcoin price recovered nicely after trading as low as $5,894 and moved above $6,200 against the US Dollar. There is a new connecting bullish trend line forming with support at $6,180 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could revisit the $6,550 resistance zone as long… […]

Bitcoin Price Watch: BTC/USD Broke Key Supports, Turns Bearish

Key Points Bitcoin price failed to stay above the $6,300 and $6,280 support levels against the US Dollar. Yesterday’s highlighted key contracting triangle was breached with support at $6,350 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair even traded to a new monthly low below $6,000 and moved into… […]

Bitcoin Price Watch: BTC/USD Could Rebound Above $6,500

Key Points Bitcoin price found support near the $5,970-6,000 area and recovered nicely against the US Dollar. There is a major contracting triangle forming with resistance near $6,480 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair must break the $6,480 and $6,570 resistance levels to gain upside momentum in… […]

Bitcoin Price Weekly Analysis: BTC/USD Could Correct Above $6,400

Key Points Bitcoin price is slowly recovering slowly and steadily above the $6,100 level against the US Dollar. There was a break above a key bearish trend line with resistance at $6,220 on the 4-hours chart of the BTC/USD pair (data feed from Kraken). The pair must stay above the $6,100 level to stay in… […]

Bitcoin Price Watch: BTC/USD Hesitates, But Further Gains Possible

Key Points Bitcoin price corrected higher and moved above the $6,350 resistance against the US Dollar. There is a key ascending channel forming with support at $6,300 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair is facing a couple of important resistances near the $6,630 and $6,680 levels. Bitcoin… […]

Bitcoin Price Watch: BTC/USD Rebounds After Dipping To $6,100

Key Points Bitcoin price declined further and traded below the $6,200 support level against the US Dollar. There is a short-term connecting bearish trend line in place with resistance near $6,380-6,400 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair is currently rebounding but it is likely to face many… […]

Bitcoin Price Watch: BTC/USD Tumbles, Sell On Rallies Near $6,770

Key Points Bitcoin price declined sharply and broke an important support near $6,830 against the US Dollar. A crucial bearish trend line with current resistance at $7,000 acted as a hurdle on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair declined below the $6,500 level and recoveries are likely to… […]

Bitcoin Price Watch: BTC/USD Eyes Recovery Towards $7,100

Key Points Bitcoin price declined to a fresh weekly low at $6,834 and later recovered against the US Dollar. There is a key connecting bearish trend line formed with resistance near $6,960 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair is currently trading with a positive angle and it… […]

Bitcoin Price Watch: BTC/USD’s Support Turned Resistance at $7,260

Key Points Bitcoin price recovered and moved above the $7,000 handle against the US Dollar. There is a crucial bearish trend line in place with resistance at $7,260 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair has to move past the $7,260 hurdle and the 100 hourly simple moving… […]

Bitcoin Price Weekly Analysis: BTC/USD Remains Sell on Rallies

Key Points Bitcoin price declined below $7,260 and moved into a bearish zone against the US Dollar. There is a major bearish trend line formed with resistance at $7,320 on the 4-hours chart of the BTC/USD pair (data feed from Kraken). The pair must clear the $7,260 and $7,320 resistances to move back in a… […]