Archive | Bitcoin price chart

Bitcoin Price Weekly Analysis – $605-10 Is Crucial For BTC/USD?

Key Points Bitcoin price after declining towards $580 against the US Dollar managed to recover a few points. There is a crucial bearish trend line formed on the 4-hours chart (data feed from SimpleFX) of BTC/USD, which can act as a major barrier for upsides. The $605-10 area is a crucial resistance area and may […]

Bitcoin Price Weekly Analysis – Can BTC/USD Recover?

Key Points Bitcoin price made a couple of strange moves against the US Dollar, and mostly struggled. There was a bullish trend line formed on the 4-hours chart (data feed from SimpleFX) of BTC/USD, which was broken during the downside move. The pair is currently forming a flag pattern, which may ignite the next move. […]

Bitcoin Price Weekly Analysis –BTC/USD Remain In Uptrend

Key Points Bitcoin price continued to surge higher this past week against the US Dollar and traded above $620. There is an ascending channel pattern formed on the 4-hours chart (data feed from SimpleFX) of BTC/USD, which is acting as a support area. As long as the price is in the channel, there is a […]

Bitcoin Price Weekly Analysis –BTC/USD Surges To Test Resistance

Key Points Bitcoin price blasted higher recently against the US Dollar, but traded right at a major resistance area. There is a crucial connecting resistance trend line formed on the 4-hours chart (data feed from SimpleFX) of BTC/USD, which acted as a barrier or the buyers. The price is currently showing a lot of positive […]

Bitcoin Price Weekly Analysis –BTC/USD Remains Under Pressure

Key Points Bitcoin price moved lower this past week and remained under a lot of bearish pressure versus the US Dollar. There was a crucial support trend line formed on the 4-hours chart (data feed from SimpleFX) of BTC/USD, which was broken during the downside move. The price traded as low as $560 and it […]

Bitcoin Price Weekly Analysis –BTC/USD Poised For Gains

Key Points Bitcoin price after trading in a range for some time against the US Dollar started moving higher. There was a crucial contracting triangle pattern formed on the 4-hours chart (data feed from SimpleFX) of BTC/USD, which was broken during the recent upside. The price is also above the 100 simple moving average, which […]

Bitcoin Price Weekly Analysis –BTC/USD Under Bearish Pressure

Key Points Bitcoin price recovered a few points recently against the US Dollar, but later found resistance near $590. There was a crucial contracting triangle pattern formed on the hourly chart (data feed from SimpleFX) of BTC/USD, which was cleared by sellers for a downside move. An hourly close below it could ignite further losses […]

Bitcoin Price Technical Analysis for 16/7/2015 – Awkward Calmness

I had expected a stronger reaction in the Bitcoin markets after the Greek parliament bailout voting results. However, even as Greece’s parliament approves austerity measures, Bitcoin’s calmness is very intriguing. From yesterday’s price observation of $288.89, Bitcoin has edged up marginally to $289.97. Image: https://www.tradingview.com/x/kQRa9uTL/ Technical analysis of the daily BTC-USD price chart conveys that […]

Bitcoin Price Technical Analysis for 15/7/2015 – Expecting Some Action

The Greek deal continues to weigh on Bitcoin which witnessed a cut of $4.79 or 1.63%. It now seems that Bitcoin could be setting the stage for a bigger move. Technical analysis of the below given Daily BTC-USD chart reveals a bigger picture than yesterday’s decline. Image: https://www.tradingview.com/x/Rko820em/ Bitcoin Chart Structure – With yesterday’s drop, […]

Bitcoin Price Technical Analysis for 14/7/2015 – Support Holds

Bitcoin dived more than 8 percent as it became clear that Greece would do everything to remain in the Eurozone. The Alexis Tsipras-led government has struck a deal with its creditors yesterday, and a Grexit has been more or less ruled out. Post the announcement, Bitcoin fell from our previous observation of $307.87 to a […]

Bitcoin Price Technical Analysis for 13/7/2015 – Take Some Money off the Table!

In my previous analysis titled Awaiting the Showdown!, I had expressed that a big move would rock the market during the weekend and  there is a high probability that it may be on the upside. As we can see, Bitcoin has jumped a huge 14% to cross the $300 barrier and is comfortably trading at […]

Bitcoin Price Technical Analysis for 10/7/2015 – Awaiting the showdown!

Bitcoin continues to respect the neckline resistance as markets brace up for the showdown between the Greek government and its creditors this weekend. Overcoming the supply pressure near the resistance line has certainly proved to be a hard task for the bitcoin bulls, but I am expecting a big move to rock the market by […]

Bitcoin Price Technical Analysis for 9/7/2015 – Neckline Resistance Holds

In my previous analysis titled More Downside Possible, I had mentioned of a bearish Head and Shoulders Pattern which had set the downside Bitcoin target at $260. Bitcoin did fall to $263 before rising again to challenge the broken neckline support and hitting an intraday high of $273. Bitcoin can be seen trading up 1.19% […]

Bitcoin Price Technical Analysis for 8/7/2015 – More Downside Possible

The profit booking which began since Bitcoin hit a high of $278 continues. Bitcoin price has dropped 2.37% since yesterday to be trading at $264.55. With this decline, the cryptocurrency also breached a near-term support of $267 and I believe the next downside target is $260. Image: https://www.tradingview.com/x/pC1YXzTq/ The 240-minute BTC-USD price chart above indicates […]

Bitcoin Price Technical Analysis for 7/7/2015 – Minor Profit Booking

Traders seem to have booked partial profits in their long positions as Bitcoin traded higher. Realizing that the massive gains have come in a very short period of time, they liquidated their positions thereby bringing the price down to its near-term support of $267. Bitcoin is now trading up 0.73% at $270.97. Image: https://www.tradingview.com/x/sXPfY9X6/ Technical […]