Archive | btcusd price

Bitcoin (BTC) Price Watch: Could This Be a Reversal Pattern?

Bitcoin Price Key Highlights Bitcoin price appears to be forming an inverse head and shoulders pattern on its 1-hour time frame. This is considered a classic reversal signal and if confirmed, price could pull up from its earlier drop. Technical indicators are also reflecting the presence of bullish momentum. Bitcoin price might be forming an… […]

Bitcoin (BTC) Price Watch: Trend Line Break and Correction

Bitcoin Price Key Highlights Bitcoin price recently broke above a short-term descending trend line as an early reversal signal. Price reached the $6,650 level then made a pullback to the broken resistance, which lines up with the Fibs. Technical indicators also suggest a continuation of the reversal. Bitcoin price broke above its descending trend line… […]

Bitcoin (BTC) Price Watch: Still Waiting for Directional Clues

Bitcoin Price Key Highlights Bitcoin price is trending below a short-term descending trend line as it hovers at the long-term floor. Traders are likely waiting for the next catalysts to decide which direction the breakout could take. Technical indicators appear to be suggesting a slowdown in bullish momentum soon. Bitcoin price is still trending lower… […]

Crypto Market Crumbles To New Year-To-Date Lows, Where Does it go Next?

On Thursday, investors awoke to a promising sight — a $300 candle that brought Bitcoin’s price off a $6,150 low — so some thought that the worse for over for the market. But, as some investors were lured into a false sense of security, the market fell even further to establish new year-to-date lows. There’s… […]

Bitcoin (BTC) Price Watch: Downtrend Continuation or Reversal?

Bitcoin Price Key Highlights Bitcoin price continues to trend lower as it hit a roadblock at the top of its descending channel. Price could be setting its sights back on the support from here and the Fib extension tool shows the next support zones. Technical indicators also signal that a continuation of the selloff is… […]

Bitcoin (BTC) Price Watch: Can More Bears Join In?

Bitcoin Price Key Highlights Bitcoin price is still heading lower as it trades below a descending trend line on the 1-hour chart. Price looks prime for a pullback as it hovers above the $6,100 area, and bears might be waiting at the trend line. Applying the Fibonacci retracement tool also shows where sellers might jump… […]

Bitcoin (BTC) Price Watch: Aiming for Wedge Bottom?

Bitcoin Price Key Highlights Bitcoin price is on another day of declines, possibly setting its sights on longer-term support zones. Price has already closed below the 50 SMA to reflect a pickup in selling pressure. The next downside target might be the yearly lows or the bottom of the falling wedge on the daily chart…. […]

Bitcoin (BTC) Price Watch: Hovering at Make-or-Break Levels

Bitcoin Price Key Highlights Bitcoin price is still in correction territory as it hangs around the area of interest around $6,800 to $7,000. Several inflection points are in confluence on this area, and a bounce could allow the uptrend to resume. However, a break below this key level could mean a continuation of the longer-term… […]

Bitcoin (BTC) Price Watch: Last Chance for Bulls?

Bitcoin Price Key Highlights Bitcoin price is in the middle of a larger correction to the area of interest previously highlighted. If support holds, bitcoin could recover to the Fibonacci extension levels marked on the 4-hour time frame. Technical indicators appear to be suggesting that there’s still a chance for bulls to charge at these… […]

Bitcoin (BTC) Price Watch: Larger Correction in the Works

Bitcoin Price Key Highlights Bitcoin price is still in pullback mode as it broke below the first Fib and may be setting its sights on the next ones. Bulls could be waiting at the rising trend line connecting the lows since late June and the 61.8% Fib. Technical indicators are hinting that the uptrend still… […]

Bitcoin (BTC) Price Watch: Bulls Defending Correction Level

Bitcoin Price Key Highlights Bitcoin price is still in correction mode but appears to be finding support at the nearest Fib. A bounce from current levels could take it back up to the swing high and beyond. A move lower, on the other hand, could indicate that a deeper pullback from the uptrend is in… […]

Bitcoin (BTC) Price Watch: Sharp Selloff on South Korea Update

Bitcoin Price Key Highlights Bitcoin price broke below its short-term triangle consolidation and rising channel to pave the way for a larger pullback. The Fibonacci retracement tool shows the potential support levels where buyers could be waiting. Price might also be forming a larger ascending channel on its 4-hour time frame as indicators still support… […]

Bitcoin (BTC) Price Watch: Bullish Correction Needed?

Bitcoin Price Key Highlights Bitcoin price continues to tread sideways in tight consolidation, and bulls might need to gather more energy on a correction. Applying the Fibonacci retracement tool shows the potential support zones where more buyers might be waiting. The flag or pennant still seems intact even with the recent dip, so there’s still… […]

Bitcoin (BTC) Price Watch: Watch These Upside and Downside Barriers

Bitcoin Price Key Highlights Bitcoin price is currently consolidating in a short-term symmetrical triangle, and the breakout could determine direction. An upside break could move all the way up to the next upside barrier around $9,000 while a downside move could hit $7,000. Technical indicators are giving mixed signals, but there is evidence of bullish… […]

Bitcoin (BTC) Price Watch: Can Bulls Defend This Level?

Bitcoin Price Key Highlights Bitcoin price is testing the ascending channel support and might be due for a bounce. This is in line with a number of other inflection points that might be enough to keep losses in check. A continuation of the climb could lead to a test of the Fibonacci extension levels from… […]