Archive | btcusd price

Bitcoin (BTC) Price Watch: How Low Can It Go?

Bitcoin Price Key Highlights Bitcoin price looks ready to resume the downtrend as the descending trend line keeps holding. Bulls seem to be having trouble sustaining the upside wedge breakout and might give in to bearish pressure. Applying the Fibonacci extension tool shows the next potential downside targets. Bitcoin price might be ready to resume… […]

Bitcoin (BTC) Price Watch: Imminent Rising Wedge Breakout

Bitcoin Price Key Highlights Bitcoin price has formed higher lows and slightly higher highs to create a rising wedge on its 1-hour chart. Price is bouncing off resistance and might be due for another test of support. Bitcoin price is also nearing the peak of the formation so a breakout might happen soon. Bitcoin price… […]

Bitcoin (BTC) Price Watch: Make or Break at Channel Resistance

Bitcoin Price Key Highlights Bitcoin price looks ready to resume the slide after hitting the resistance at the descending channel. This lines up with the Fib retracement levels, adding strength to the ceiling. Technical indicators also support a continuation of the downtrend. Bitcoin price climbed to the top of its descending channel where sellers were… […]

Bitcoin (BTC) Price Watch: Next Upside Hurdles to Clear

Bitcoin Price Key Highlights Bitcoin price broke to the upside of its short-term consolidation pattern to signal bullish pressure. Price has yet to bust through several upside hurdles to confirm that buyers are in control. Technical indicators are mostly suggesting that the drop could still resume. Bitcoin price made a short-term upside break but still… […]

Bitcoin (BTC) Price Watch: Eyes on This Consolidation Pattern

Bitcoin Price Key Highlights Bitcoin has formed lower highs and higher lows to trade inside a symmetrical triangle pattern on its 1-hour chart. Zooming out to longer-term time frames shows that this might be a bearish flag continuation pattern. Price is nearing the peak of the formation to signal that a breakout in either direction… […]

Bitcoin (BTC) Price Watch: Strong Bounce on Remarks from SEC Official

Bitcoin Price Key Highlights Bitcoin price recently made a move below a long-term floor but this might just be a fakeout. Remarks from a senior SEC official eased regulatory concerns in the industry somewhat. Oscillators on the long-term chart are also hinting at a bounce as well. Bitcoin is still hovering around support at $6,600… […]

Bitcoin (BTC) Price Watch: One Downside Break After Another

Bitcoin Price Key Highlights Bitcoin price has broken below one triangle after another as bearish momentum strengthens. Price is now trading below the descending triangle bottom of $6,700 after previously falling below the symmetrical triangle. This signals that further losses are underway, but oscillators suggest otherwise. Bitcoin price keeps tumbling below one support after another,… […]

Bitcoin (BTC) Price Watch: Can Bulls Defend the Triangle Bottom?

Bitcoin Price Key Highlights Bitcoin is still inside its descending triangle visible on the daily chart. Price is testing support and is approaching the peak of the formation to signal an imminent breakout. Technical indicators appear to be favoring a downside move and a selloff. Bitcoin is testing the bottom of its descending triangle on… […]

Bitcoin (BTC) Price Watch: New Triangle Pattern Forming

Bitcoin Price Key Highlights Bitcoin price has formed higher lows and found resistance at the $7,700 level to create an ascending triangle. Price is testing the top of the triangle and might be due for a move back to support. Technical indicators are suggesting that support might continue to hold and lead to another bounce… […]

Bitcoin (BTC) Price Watch: Bulls Defending Channel Support

Bitcoin Price Key Highlights Bitcoin price is still safely inside its ascending channel after another test of support. This signals that bulls continue to defend the bottom and that the uptrend could stay intact. Technical indicators, however, show mixed signals as the moving averages are bullish while oscillators suggest another drop. Bitcoin price has resumed… […]

Bitcoin Bull Tom Lee Refutes Bearish Sentiment, Predicts Further Gains

Tom Lee is back, with another round of Bitcoin bullishness on-air CNBC’s ‘Fast Money’ segment. PermaBull Tom Lee Appears on CNBC Fast Money On Monday, Tom Lee, long known as a cryptocurrency bull in the space, went on CNBC to dispel bearish sentiment against Bitcoin’s viability and more importantly, its price.  ‘Fast Money’ host, Melissa Lee,… […]

Bitcoin (BTC) Price Watch: Waiting for Reversal Confirmation

Bitcoin Price Key Highlights Bitcoin could be in for a longer-term rally as an inverse head and shoulders pattern is forming. Price needs to break past the neckline around $7,800 to confirm that an uptrend is about to take place. Technical indicators are still reflecting the presence of bearish momentum, so it could be uphill… […]

Bitcoin (BTC) Price Watch: Bears Return in Full Swing!

Bitcoin Price Key Highlights Bitcoin price recently broke out of a descending trend line and is pulling back for a retest. Price is at a crucial area of interest, though, and a bounce or break could determine the next long-term direction. If these support levels hold, bitcoin could bounce back to the swing high and… […]

Bitcoin (BTC) Price Watch: Upside Break or Quick Pullback?

Bitcoin Price Key Highlights Bitcoin price previously broke past a descending trend line to signal that a reversal is underway. Price has since consolidated inside a rising wedge formation and could be due for a breakout soon. An upside break could set off a steeper climb while a break lower could lead to a pullback… […]