Archive | bitcoin price

Bitcoin Price Technical Analysis for 02/23/2018 – Short-Term Reversal Signal

Bitcoin Price Key Highlights Bitcoin price recently formed a head and shoulders pattern on its 1-hour chart. Price has broken below the neckline to show that a downtrend is underway. The chart pattern spans more than $1,000 in height so the resulting selloff could be of the same size. Bitcoin price broke below a short-term […]

Bitcoin Price Technical Analysis for 02/22/2018 – Potential Bounce Targets

Bitcoin Price Key Highlights Bitcoin price is still in correction mode but appears to be bouncing off the trend line support. Applying the Fibonacci extension tool shows how high price could go if the trend line holds. Technical indicators are signaling that the uptrend is about to resume. Bitcoin price is finding support at the […]

Bitcoin Price Technical Analysis for 02/21/2018 – Waiting for More Buyers

Bitcoin Price Key Highlights Bitcoin price sold off from its rising wedge support previously highlighted, signaling that a downtrend may be in order. However, price is still testing support at the rising trend line connecting the lows since the start of the month. Technical indicators are also suggesting that bullish momentum could return. Bitcoin price […]

Bitcoin Price Technical Analysis for 02/20/2018 – Watch Out for this Ceiling!

Bitcoin Price Key Highlights Bitcoin price is still rallying and has broken one resistance level after another. Zooming out to the daily time frame reveals that price is closing in on a major area of interest. Applying the Fibonacci retracement tool on the daily swing high and low shows that this potential ceiling lines up […]

Bitcoin Price Technical Analysis for 02/19/2018 – Aiming for Extension Levels?

Bitcoin Price Key Highlights Bitcoin price is still trending higher after breaking above a few key resistance levels. Bulls are gaining traction and allowing price to move above an ascending trend line on the 1-hour time frame. Price appears to have completed its pullback from the recent rally and could head up to the extension […]