Archive | Bitcoin Trading

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 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 […]

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 […]

As Bitcoin Goes Over $10,000, Analyst Makes Big Predictions For 2018

Unrepentant cryptocurrency bull Tom Lee predicts Bitcoin will reach $25,000 in 2018 and $125,000 by 2022. Aggressive Predictions For Bitcoin’s Future Tom Lee was the first major Wall Street analyst to cover Bitcoin and has remained bullish about the cryptocurrency market since. In his latest report, Fundstrat Global advisor’s head of research called for some high numbers […]

Bitcoin Price Technical Analysis for 02/16/2018 – One More Hurdle to Clear

Bitcoin Price Key Highlights Bitcoin price has broken past its inverse head and shoulders pattern neckline to show that an uptrend is in the cards. Price is hitting another upside barrier at its descending trend line, though, and this might prompt profit-taking. Technical indicators are also suggesting that the rally is overdone. Bitcoin price is […]

Cryptocurrency Exchange Coinbase Glitch Overcharges Users, Investigation Ongoing

Coinbase has admitted that a glitch in its system has been overcharging customers for several days, even after investors posted complaints on content sharing platforms like Reddit about being charged multiple times for a single transaction. Overcharged Coinbase Customers Vent on Reddit San Francisco’s Coinbase is the leading cryptocurrency wallet and brokerage which also oversees Global […]

Bitcoin Price Technical Analysis for 02/14/2018 – Sitting Tight for a Breakout

Bitcoin Price Key Highlights Bitcoin price is currently consolidating, forming higher lows and lower highs inside a triangle pattern. Price is bouncing off support and might be due for a test of resistance soon. Technical indicators are also suggesting that the bounce could take place, possibly even leading to an upside break. Bitcoin price is […]

Bitcoin Price Technical Analysis for 02/13/2018 – Next Hurdles to Clear

Bitcoin Price Key Highlights Bitcoin price appears to be breaking out of its descending channel pattern to show that bullish momentum is picking up. Price has yet to clear several upside hurdles to confirm that the longer-term rally is resuming. Technical indicators are showing that the uptrend would likely persist. Bitcoin price appears to be […]

Cryptocurrency Thrives in Europe With Small Banks Support

Most banks seemingly have no love lost for cryptocurrencies these days. With dozens of financial institutions opposing Bitcoin purchases, it is evident things are not looking good. In Europe, however, the situation is a bit different. Smaller banks are looking forward to giving investors access to cryptocurrencies without any major hurdles. Some even offer professional […]

Bitcoin Price Technical Analysis for 02/12/2018 – Make or Break Level

Bitcoin Price Key Highlights Bitcoin price is testing an area of interest, still deciding whether to make a bounce or break higher. A bounce could take it down to the Fibonacci extension levels from the latest correction on the 4-hour time frame. A break past the $9,000-10,000 levels, on the other hand, could allow the […]