Archive | btcusd

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 […]

Bitcoin Price Weekly Analysis – BTC/USD Recovery to Fade Soon?

Key Points Bitcoin price declined sharply this past week and traded towards $7,500 against the US Dollar. There was a break below a crucial bullish trend line with support at $10,800 on the 4-hours chart of the BTC/USD pair (data feed from SimpleFX). The pair traded as low as $7,599 and it is currently correcting […]

Bitcoin Price Weekly Analysis – Can BTC/USD Break $12,000?

Key Points Bitcoin price is slowly moving higher and is currently trading above $11,000 against the US Dollar. There was a break above a monster bearish trend line with resistance at $11,000 on the 4-hours chart of the BTC/USD pair (data feed from SimpleFX). The price is likely forming a solid support base above the […]