Bitcoin: USD/BTC (BTC=X) likely to face sellers near $5,615 or $5,815

Bitcoin: USD/BTC (BTC=X) likely to face sellers near $5,615 or $5,815

Bitcoin: USD/BTC (BTC=X) likely to face sellers near $5,615 or $5,815 Yesterday, we discussed a possible sell scenario below $6,350 in bitcoin price against the US Dollar. The BTC/USD pair broke down and nosedived below a few important supports such as $6,150, $6,000 and $5,650. The decline was such that the price traded below $5,400 […]

Bitcoin: USD/BTC (BTC=X) bulls might see bounce-back

Bitcoin: USD/BTC (BTC=X) bulls might see bounce-back

Bitcoin: USD/BTC (BTC=X) bulls might see bounce-back Bitcoin [BTC] has recently seen a drop, breaking the resistance at the $6,220-mark to provide an extremely bearish outlook. However, traders might see an opportunity for a retracement as the coin is yet to recover to its previous support levels. There is no visible uptrend, as the price […]

Bitcoin: USD/BTC (BTC=X) struggling to break the $6,460

Bitcoin: USD/BTC (BTC=X) struggling to break the $6,460

Bitcoin: USD/BTC (BTC=X) struggling to break the $6,460 Recently, we discussed that bitcoin price turned short term bearish below the $6,510 support against the US Dollar. BTC/USD extended its decline below the $6,460 support and traded towards the $6,350 level. Buyers pushed the price above the 23.6% Fib retracement level of the last downside leg […]

Bitcoin: USD/BTC (BTC=X) likely to bounce back as long as it is above $6,440

Bitcoin: USD/BTC (BTC=X) likely to bounce back as long as it is above $6,440

Bitcoin: USD/BTC (BTC=X) likely to bounce back as long as it is above $6,440 Yesterday, we saw a nice upward move above the $6,500 resistance in bitcoin price against the US Dollar. The BTC/USD pair traded as high as $6,553 and settled above the 100 hourly simple moving average. Later, the price started a downside […]

Bitcoin: USD/BTC (BTC=X) major bullish trend line in place

Bitcoin: USD/BTC (BTC=X) major bullish trend line in place

Bitcoin: USD/BTC (BTC=X) major bullish trend line in place Yesterday, bitcoin price started a downside correction after trading as high as $6,472 against the US Dollar. The BTC/USD pair declined below the $6,440 and $6,420 support levels. It also broke the 50% Fib retracement level of the last leg from the $6,319 low to $6,472 […]

Bitcoin: USD/BTC (BTC=X) resistance is broken

Bitcoin: USD/BTC (BTC=X) resistance is broken

Bitcoin: USD/BTC (BTC=X) resistance is broken Bitcoin [BTC] saw a short rally yesterday, driven by a 20% hike in the value of its direct competitor, Bitcoin Cash [BCH]. This has led to fresh capital entering the market, pushing the trading volume of Bitcoin to the highest since mid-September. A long-term downtrend is seen from May, […]

Bitcoin: USD/BTC (BTC=X) indication of a bottoming crypto market

Bitcoin: USD/BTC (BTC=X) indication of a bottoming crypto market

Bitcoin: USD/BTC (BTC=X) indication of a bottoming crypto market The recovery of the BTC/USD is an indication of a bottoming crypto market. Considering the +75 percent drop this year, odds are we may see a recovery this quarter. Aside from technical factors, the simmering trade war between the US and China could trigger capital flights […]

Bitcoin: USD/BTC (BTC=X) Downside Vulnerability

Bitcoin: USD/BTC (BTC=X) Downside Vulnerability

Bitcoin: USD/BTC (BTC=X) Downside Vulnerability The BTC/USD index since the rebound is targeting the descending trendline forming in the near-term scenario while keeping the 100 and 200-hour moving average curves in sight as the potential upside targets. The momentum indicator RSI has recovered as expected and is now trending inside a neutral sentiment area. The […]

Bitcoin: USD/BTC (BTC=X) Looks Set to Extend More Losses

Bitcoin: USD/BTC (BTC=X) Looks Set to Extend More Losses

Bitcoin: USD/BTC (BTC=X) Looks Set to Extend More Losses After a long struggle to clear the $6,480 and $6,490 resistance levels, there was a downside move in bitcoin price. BTC/USD started declining and broke the $6,390 and $6,360 support levels to move into a bearish zone. The 4-hours chart of BTC/USD indicates that the price […]

Bitcoin: USD/BTC (BTC=X) multiple support breaks detected

Bitcoin: USD/BTC (BTC=X) multiple support breaks detected

Bitcoin: USD/BTC (BTC=X) multiple support breaks detected I wrote yesterday that technical picture here was now considerably more bearish, with the price selling from new lower resistance which has formed at $6,289 and there was a case for seeing the long-term bearish trend reassert itself. I sae reversals in either direction at any key levels […]

Bitcoin: USD/BTC (BTC=X) crucial contracting triangle formed

Bitcoin: USD/BTC (BTC=X) crucial contracting triangle formed

Bitcoin: USD/BTC (BTC=X) crucial contracting triangle formed During the past three sessions, there were mostly range moves above the $6,385 support in bitcoin price against the US Dollar. The BTC/USD pair formed a decent support near the $6,385 level, but it struggled to gain traction above the $6,420 and $6,430 levels. The last swing low […]

Bitcoin: USD/BTC (BTC=X) Bounce upwards may cause price momentum

Bitcoin: USD/BTC (BTC=X) Bounce upwards may cause price momentum

Bitcoin: USD/BTC (BTC=X) Bounce upwards may cause price momentum Bitcoin [BTC] recently saw a recovery in its price, moving upwards within its tightly defined trading range. The movement upwards may increase the momentum of the price and bring back swing traders, who have left the market due to claustrophobic trading ranges. A downtrend is seen […]

Bitcoin: USD/BTC (BTC=X) forming a double bottom pattern near the $6,350

Bitcoin: USD/BTC (BTC=X) forming a double bottom pattern near the $6,350

Bitcoin: USD/BTC (BTC=X) forming a double bottom pattern near the $6,350 Yesterday, there was a downside reaction from the $6,460 level in bitcoin price against the US Dollar. The BTC/USD pair fell below the $6,400 and $6,410 support levels. There was also a close below the $6,400 support and the 100 hourly simple moving average. […]

Bitcoin: USD/BTC (BTC=X) break above two bearish trend lines formed with resistance at $6,410

Bitcoin: USD/BTC (BTC=X) break above two bearish trend lines formed with resistance at $6,410

Bitcoin: USD/BTC (BTC=X) break above two bearish trend lines formed with resistance at $6,410 There was a downside extension below the $6,400 and $6,390 levels in bitcoin price against the US Dollar. The BTC/USD pair declined towards the $6,350 support area and formed a low at $6,357. Later, the price bounced back sharply and broke […]

Bitcoin: USD/BTC (BTC=X) low volume and low volatility

Bitcoin: USD/BTC (BTC=X) low volume and low volatility

Bitcoin: USD/BTC (BTC=X) low volume and low volatility The pair on 4H Coinbase chart is losing its bullish steam. It is trending below its 100H and 200H simple moving averages, while RSI, the momentum indicator, is also dipping into the selling area. The Stochastic Oscillator, meanwhile, is close to entering the oversold region, awaiting a […]

Bitcoin: USD/BTC (BTC=X) suggest a state of equilibrium between the buyers and the sellers

Bitcoin: USD/BTC (BTC=X) suggest a state of equilibrium between the buyers and the sellers

Bitcoin: USD/BTC (BTC=X) suggest a state of equilibrium between the buyers and the sellers Bitcoin dipped below the moving averages on Oct. 19, but the bears could not capitalize on the fall, as the price climbed back up the next day. The 20-day EMA is flat while the 50-day SMA is gradually sloping down. The RSI […]

Bitcoin: USD/BTC (BTC=X) new yearly low volume

Bitcoin: USD/BTC (BTC=X) new yearly low volume

Bitcoin: USD/BTC (BTC=X) new yearly low volume Over the past 24 hours, Bitcoin has achieved a new yearly low volume, demonstrating a lack of momentum and strength to recover to the higher region of $6,000. Generally, technical analysts have stated that the low trading activity in the cryptocurrency exchange market can be attributed to the […]

Bitcoin: USD/BTC (BTC=X) ascending trend line

Bitcoin: USD/BTC (BTC=X) ascending trend line

Bitcoin: USD/BTC (BTC=X) ascending trend line Bolstered by stable trading volume, growing network activity, and increasing validation on Wall Street, the bitcoin price could be on the brink of a major move to the upside. Concurrently, daily cryptocurrency trading volumes, which steadily declined throughout most of the year, appear to have flatlined near $10 billion […]

Bitcoin: USD/BTC (BTC=X) could decline a few points towards $6,400

Bitcoin: USD/BTC (BTC=X) could decline a few points towards $6,400

Bitcoin: USD/BTC (BTC=X) could decline a few points towards $6,400 During the past few sessions, there was hardly any action above $6,500 in bitcoin price against the US Dollar. The BTC/USD pair consolidated below the $6,500 and $6,520 resistance levels. Earlier, a low was formed at $6,349 before the price corrected higher. It traded above the $6,460 […]

Bitcoin: USD/BTC (BTC=X) could dip towards the $6,340 or $6,320

Bitcoin: USD/BTC (BTC=X) could dip towards the $6,340 or $6,320

Bitcoin: USD/BTC (BTC=X) could dip towards the $6,340 or $6,320 Yesterday, we saw a sharp upward move above the $6,700 level in bitcoin price against the US Dollar. The BTC/USD pair traded above the $6,800 level and topped at $6,829. Later, there was a major downside move and the price reversed most gains below $6,500. […]

Bitcoin: USD/BTC (BTC=X) still within the descending triangle

Bitcoin: USD/BTC (BTC=X) still within the descending triangle

Bitcoin: USD/BTC (BTC=X) still within the descending triangle Today’s session advances while the Bitcoin price reports an increase of 3.50% in the last 24 hours. Bitcoin rises above $ 6400 at the time of writing this analysis increasing with a high purchase volume. With this move Bitcoin moves away from the support in the $ […]

Bitcoin: USD/BTC (BTC=X) likely to face a strong selling interest near the $6,380

Bitcoin: USD/BTC (BTC=X) likely to face a strong selling interest near the $6,380

Bitcoin: USD/BTC (BTC=X) likely to face a strong selling interest near the $6,380 This past week, bitcoin price saw a solid increase in selling pressure around the $6,600 zone against the US Dollar. As a result, there was a nasty decline and the BTC/USD pair fell below the $6,400 and $6,200 support levels. The price traded towards […]

Bitcoin: USD/BTC (BTC=X) Bottom in Sight

Bitcoin: USD/BTC (BTC=X) Bottom in Sight

Bitcoin: USD/BTC (BTC=X) Bottom in Sight The Bitcoin drop has brought us near September 8 lows, which held the downtrend from extending. Therefore, we are expecting BTC/USD to find a reliable support near 6154-fiat while 6395-fiat is capping the correction as resistance. We are not hoping to enter a long position on lower lows formation […]

Bitcoin: USD/BTC (BTC=X) moved into a bearish zone

Bitcoin: USD/BTC (BTC=X) moved into a bearish zone

Bitcoin: USD/BTC (BTC=X) moved into a bearish zone Yesterday, we discussed that bitcoin price could climb higher towards the $6,800 level against the US Dollar. However, the BTC/USD pair failed to break the $6,640 and $6,700 resistance levels. It resulted in a downside move below the $6,550 support and the 100 hourly simple moving average. […]

Bitcoin: USD/BTC (BTC=X) $6,550 support

Bitcoin: USD/BTC (BTC=X) $6,550 support

Bitcoin: USD/BTC (BTC=X) $6,550 support Yesterday, we discussed that bitcoin price seems to be preparing for the next leg either above $6,640 or below $6,460 against the US Dollar. The BTC/USD pair traded higher and broke the $6,600 and $6,620 resistance levels. There was also a break above the $6,640 level and the price settled above the […]

Bitcoin: USD/BTC (BTC=X) Supports Above $6,350

Bitcoin: USD/BTC (BTC=X) Supports Above $6,350

Bitcoin: USD/BTC (BTC=X) Supports Above $6,350 There was a strong support base formed above the $6,320 and $6,350 levels by bitcoin price against the US Dollar. The BTC/USD pair traded higher and formed a few lower highs at $6,800, $6,700 and $6,640. The recent swing low was formed at $6,398 before the price traded above […]

Bitcoin: USD/BTC (BTC=X) hinting at stronger odds of a downside move

Bitcoin: USD/BTC (BTC=X) hinting at stronger odds of a downside move

Bitcoin: USD/BTC (BTC=X) hinting at stronger odds of a downside move The range we are watching today has 6525-fiat acting as interim support and 6606-fiat acting as interim resistance. We have already entered a long position towards resistance on a bounce from support, and a close above resistance will also have us enter a long […]

Bitcoin: USD/BTC (BTC=X) risks are tilted to the downside

Bitcoin: USD/BTC (BTC=X) risks are tilted to the downside

Bitcoin: USD/BTC (BTC=X) risks are tilted to the downside While Bitcoin is sitting in a narrow range, experts and analysts are trying to predict where the market has hit the bottom or there is more pain in store ahead for crypto bulls. Considering that Bitcoin has been trading in the narrowest 20-week range in two […]

Bitcoin: USD/BTC (BTC=X) positive finish

Bitcoin: USD/BTC (BTC=X) positive finish

Bitcoin: USD/BTC (BTC=X) positive finish  The Bitcoin price (BTC/USD) has returned above the $6,500 mark following a positive finish to an otherwise poor Wednesday session. The original cryptocurrency had a largely disappointing session yesterday, as its price dropped below the $6,500 level for the first time in six days during the morning hours. The digital […]

Bitcoin: USD/BTC (BTC=X) dropped below the $6,500

Bitcoin: USD/BTC (BTC=X) dropped below the $6,500

Bitcoin: USD/BTC (BTC=X) dropped below the $6,500 The Bitcoin price (BTC/USD) has dropped below the $6,500 mark amid a downward trend felt across the broader digital currency market. The original cryptocurrency had an encouraging start to yesterday’s session, as it managed to reclaim the $6,600 level in early trading. The digital coin rose to as […]

Bitcoin: USD/BTC (BTC=X) support at $6,400

Bitcoin: USD/BTC (BTC=X) support at $6,400

Bitcoin: USD/BTC (BTC=X) support at $6,400 Bitcoin price made a pleasant upside move from the $6,300-6,310 zone against the US Dollar. The BTC/USD pair moved higher and broke the $6,500 and $6,700 resistance levels. There was likewise a nearby over the $6,500 level and the 100 straightforward moving normal (4-hours). In any case, the upside move […]

Bitcoin: USD/BTC (BTC=X) Trade safely

Bitcoin: USD/BTC (BTC=X) Trade safely

Bitcoin: USD/BTC (BTC=X) Trade safely Our intraday strategy is influencing us to keep our positions intrarange between the symmetrical triangle formation. So far, we have squeezed a small profit out of our long position from 6370-fiat to 6450-fiat, and a reversal from the upper trendline is keeping us short towards lower trendline while eyeing 6370-fiat […]

Bitcoin: USD/BTC (BTC=X) Reverses from Bear Flag Top

Bitcoin: USD/BTC (BTC=X) Reverses from Bear Flag Top

Bitcoin: USD/BTC (BTC=X) Reverses from Bear Flag Top Bitcoin on Monday depreciated more than 2 percent against the US Dollar from its bear flag top from Saturday. The BTC/USD kickstarted Asian trading session by consolidating sideways near-term between 6688-low and 6722-high. The pair in the absence of upside sentiment started losing positions to shorts. As […]

Bitcoin: USD/BTC (BTC=X) Preparing for Next Upside Wave

Bitcoin: USD/BTC (BTC=X) Preparing for Next Upside Wave

Bitcoin: USD/BTC (BTC=X) Preparing for Next Upside Wave There were a couple of nasty swing moves above $6,100 in bitcoin price against the US Dollar. The BTC/USD pair dipped sharply below the $6,200 support area and tested the $6,100 support. A low was formed at $6,104 and later the price surged higher. There were two […]

Bitcoin: USD/BTC (BTC=X) Gaining Towards $7000

Bitcoin: USD/BTC (BTC=X) Gaining Towards $7000

Bitcoin: USD/BTC (BTC=X) Gaining Towards $7000 Bitcoin on Thursday improved its bullish bias by rising over 1.5 percent against the US Dollar. The BTC/USD on BitFinex is trading at 6421-fiat while continuing its bullish retracement from 6100-fiat, our intraday low. The pair kickstarted the Asian session while forming lows towards 6382-fiat. It consolidated sideways throughout […]

Bitcoin: USD/BTC (BTC=X) could still regain ground from here

Bitcoin: USD/BTC (BTC=X) could still regain ground from here

Bitcoin: USD/BTC (BTC=X) could still regain ground from here Bitcoin recently made a sharp dip lower but quickly found its way back inside the short-term rising channel on the 1-hour time frame. This suggests that price could still regain ground from here and that bulls are keen on defending the longer-term floors. The buildup in short […]

Bitcoin: USD/BTC (BTC=X) well supported by $6,300 for the time being

Bitcoin: USD/BTC (BTC=X) well supported by $6,300 for the time being

Bitcoin: USD/BTC (BTC=X) well supported by $6,300 for the time being Bitcoin is trading at $6,330. The digital coin No.1 failed to return to $6,500 handle despite a strong rally of XRP, ETH, and other altcoins, while its market domination dropped from 58% to 5% in a single day. BTC/USD has gained 1.25% on a […]

Bitcoin: USD/BTC (BTC=X) witnessing massive gains over the course of the past 24 hours

Bitcoin: USD/BTC (BTC=X) witnessing massive gains over the course of the past 24 hours

Bitcoin: USD/BTC (BTC=X) witnessing massive gains over the course of the past 24 hours For the time being, business as usual seems to have been restored within the cryptocurrency space— with most of the major alt-coins witnessing massive gains over the course of the past 24 hours. Overall, the bias in prices is: Downwards. Note: […]

Bitcoin: USD/BTC (BTC=X) Cautious Amidst Crypto Sell-Off

Bitcoin: USD/BTC (BTC=X) Cautious Amidst Crypto Sell-Off

Bitcoin: USD/BTC (BTC=X) Cautious Amidst Crypto Sell-Off The BTC/USD opened today at 6389-fiat after rising from the low near 6218-fiat from the previous day. The pair couldn’t continue the upside correction right from the beginning of the today’s Asian trading session and experience significant sell-off as the day matured. The bearish sentiment also rippled throughout […]

Bitcoin: USD/BTC (BTC=X) Signs of a Bearish Flag

Bitcoin: USD/BTC (BTC=X) Signs of a Bearish Flag

Bitcoin: USD/BTC (BTC=X) Signs of a Bearish Flag Bitcoin bulls and bears continue to battle it out as the price is hovering above the key support area once more. Bulls have strongly defended this level twice already, but the formation of lower highs has indicated that selling pressure is getting stronger. A break below this support […]

Bitcoin: USD/BTC (BTC=X) Upside Limited

Bitcoin: USD/BTC (BTC=X) Upside Limited

Bitcoin: USD/BTC (BTC=X) Upside Limited BTC/USD’s weekly chart continues to project the price movements that are expected, trading within the boundaries of the descending triangle seen on this chart. Prices are now nearing support levels, as it currently trades at $6,200. There is still some downside momentum to this crypto pairing, and we could see […]

Bitcoin: USD/BTC (BTC=X) extended its prevailing bearish correction sentiment

Bitcoin: USD/BTC (BTC=X) extended its prevailing bearish correction sentiment

Bitcoin: USD/BTC (BTC=X) extended its prevailing bearish correction sentiment Bitcoin price on Thursday extended its prevailing bearish correction sentiment and dropped as much as 6.5 percent from the yesterday’s low near $6,710. The BTC/USD in the very first hours of today’s session formed lower highs and lower lows towards 6731-fiat and 6303-fiat. It very much […]

Bitcoin: USD/BTC (BTC=X) Breaks Rising Wedge Support

Bitcoin: USD/BTC (BTC=X) Breaks Rising Wedge Support

Bitcoin: USD/BTC (BTC=X) Breaks Rising Wedge Support The BTC/USD on Wednesday plunged as much as 7 percent. The pair seemed to have overstayed its welcome near the resistance of our Rising Wedge channel. There was absolutely no buying sentiment visible around the area in the past three days. The early Asian session saw to it […]

Bitcoin: USD/BTC (BTC=X) price stayed above the $7,200 support

Bitcoin: USD/BTC (BTC=X) price stayed above the $7,200 support

Bitcoin: USD/BTC (BTC=X) price stayed above the $7,200 support The BTC/USD pair did correct lower and moved towards the $7,200 support. However, sellers failed to push the price further lower towards the $7,130 support area. A swing low was formed at $7,186 later the price traded above the $7,300 level. The price made a few […]

Bitcoin: USD/BTC (BTC=X) Could Pullback

Bitcoin: USD/BTC (BTC=X) Could Pullback

Bitcoin: USD/BTC (BTC=X) Could Pullback The range we are watching for today has 7379-fiat as our interim resistance and 7153-fiat as our interim support. It is a pretty wide range to apply our intrarange strategy; thus, a pullback from the Rising wedge resistance or interim resistance could open a decent short opportunity towards support, and […]

Bitcoin: USD/BTC (BTC=X) continues to trend upwards

Bitcoin: USD/BTC (BTC=X) continues to trend upwards

Bitcoin: USD/BTC (BTC=X) continues to trend upwards Bitcoin price on Sunday continued to stick to its uptrend path, recording as much as 4 percent gains against the US Dollar. The BTC/USD began the Asian trading session with a small upside push in continuation of the overall bullish momentum. As the day progressed, there was visibly […]

Bitcoin: USD/BTC (BTC=X) short sellers are still in control

Bitcoin: USD/BTC (BTC=X) short sellers are still in control

Bitcoin: USD/BTC (BTC=X) short sellers are still in control Just when investors were settling in for another round of digital asset price recovery, cryptos turn bearish again. The market is swimming in the sea of red on Thursday 30 as cryptocurrencies trim the gains that had accrued since the week began. Bitcoin (BTC) is leading […]

Bitcoin: USD/BTC (BTC=X) is poised for further rises

Bitcoin: USD/BTC (BTC=X) is poised for further rises

Bitcoin: USD/BTC (BTC=X) is poised for further rises The BTC/USD started Wednesday just shy of 7010-fiat and managed to go as north as 7137-fiat by the end of Asian, and the beginning of European session. The lackluster volume didn’t offer many opportunities for the day traders, but it established that price could attempt a solid […]

Bitcoin: USD/BTC (BTC=X) nice upside move and broke the $6,750 and $6,775 resistance levels

Bitcoin: USD/BTC (BTC=X) nice upside move and broke the $6,750 and $6,775 resistance levels

Bitcoin: USD/BTC (BTC=X) nice upside move and broke the $6,750 and $6,775 resistance levels The Bitcoin price (BTC/USD) has moved closer to the key level of $7,000 following a sharp uptick that occurred in late Monday trading. The original cryptocurrency spent most of yesterday’s session trading in the $6,700 -$6,800 area. The situation changed toward […]

Bitcoin: USD/BTC (BTC=X) is positioned with a bullish angle above $6,560 against the US Dollar

Bitcoin: USD/BTC (BTC=X) is positioned with a bullish angle above $6,560 against the US Dollar

Bitcoin: USD/BTC (BTC=X) is positioned with a bullish angle above $6,560 against the US Dollar There was a slow and steady rise in bitcoin price from the $6,566 swing low against the US Dollar. BTC/USD traded above the $6,700 level and is currently forming a bullish breakout pattern. The 2-hours chart of BTC price indicates that the […]

Bitcoin: USD/BTC (BTC=X) Look Out for a Wedge Breakout

Bitcoin: USD/BTC (BTC=X) Look Out for a Wedge Breakout

Bitcoin: USD/BTC (BTC=X) Look Out for a Wedge Breakout Looking that the daily chart, after finding support at $6k in the previous week, Bitcoin price $6743.98 +0.18% have traded at highs of $6,900 during the week, where resistance has been found which has been typical where previous support has been found at $6,000. Unlike in […]

Bitcoin: USD/BTC (BTC=X) plunged over 4% from $6,800

Bitcoin: USD/BTC (BTC=X) plunged over 4% from $6,800

Bitcoin: USD/BTC (BTC=X) plunged over 4% from $6,800 Bitcoin has plunged over 4% from $6,800 and tested the support at $6,250 before rising back up again to trade above $6,400 on Thursday’s afternoon trading. The trading volume also suffered as it dipped below $4 billion. The crypto market, on the other hand, has wiped off […]

Bitcoin: USD/BTC (BTC=X) spiked by $US300 in one minute

Bitcoin: USD/BTC (BTC=X) spiked by $US300 in one minute

Bitcoin: USD/BTC (BTC=X) spiked by $US300 in one minute  Bitcoin’s value surged this morning, rocketing from around $US6,450 to almost $US6,900 almost instantly. Prices peaked at $US6,899 before easing back slightly: Overall, the bias in prices is: Downwards. By the way, prices are vulnerable to a correction towards 7,001.28. The projected upper bound is: 7,404.85. […]

Bitcoin: USD/BTC (BTC=X) has been extremely volatile over the last 12 months

Bitcoin: USD/BTC (BTC=X) has been extremely volatile over the last 12 months

Bitcoin: USD/BTC (BTC=X) has been extremely volatile over the last 12 months Cryptocurrencies – digital tokens known as cryptos for short – have investors in the grip of a gold rush fever, with billions being traded every day. Prices fluctuate wildly, making them high-risk investments. But could a more stable, less volatile crypto persuade us […]

Bitcoin: USD/BTC (BTC=X) Under Pressure

Bitcoin: USD/BTC (BTC=X) Under Pressure

Bitcoin: USD/BTC (BTC=X) Under Pressure Down two-thirds from its December all-time high of $20,000, bitcoin (BTC) now risks printing fresh 2018 lows below $5,755. The corrective rally seen over the weekend failed to penetrate the key rising trendline hurdle of $6,480 on Monday, allowing the bears to make a strong comeback. As a result, the leading cryptocurrency fell below […]

Bitcoin: USD/BTC (BTC=X) value will come in time

Bitcoin: USD/BTC (BTC=X) value will come in time Bitcoin’s price is close to its lowest point of the year. Rival coins ether and XRP fell alongside bitcoin. The total market capitalization of all cryptocurrencies fell $21 billion in 24 hours. Over the course of a 13-day period, the market capitalization for all of the digital […]

The NYSE Bitcoin Index (.NYXBT) Undergoes Bullish Correction

The NYSE Bitcoin Index (.NYXBT) Undergoes Bullish Correction

The NYSE Bitcoin Index (.NYXBT) Undergoes Bullish Correction This past week, we saw heavy declines below $6,550 in bitcoin price against the US Dollar. The BTC/USD pair even broke the $6,000 support, but buyers appeared and protected more declines. A low was formed at $5,794 and the price started an upward correction. The price moved […]

Bitcoin: USD/BTC (BTC=X) declined sharply and broke an important support

Bitcoin: USD/BTC (BTC=X) declined sharply and broke an important support

Bitcoin: USD/BTC (BTC=X) declined sharply and broke an important support Over the past 24-hours, Bitcoin (BTC) price suffered another bear blow forcing the price back below $6500. Bitcoin is currently trading around $6487 at the time of writing. Its total market capitalization plunges from $122.8B to $111.8B and holding a -7.68% loss in a 24-hour […]

Bitcoin: USD/BTC (BTC=X) slowly recovering above $7,000

Bitcoin: USD/BTC (BTC=X) slowly recovering above $7,000

Bitcoin: USD/BTC (BTC=X) slowly recovering above $7,000 Bitcoin price is slowly recovering above $7,000 against the US Dollar. BTC/USD is likely to struggle near a significant resistance at $7,260. After heavy declines, bitcoin price found bids near the $6,880 level against the US Dollar. The BTC/USD pair traded as low as $6,883 and later it […]

Bitcoin: USD/BTC (BTC=X) continues to struggle overall

Bitcoin: USD/BTC (BTC=X) continues to struggle overall

Bitcoin: USD/BTC (BTC=X) continues to struggle overall Bears come back hard bringing BTC prices below USD 7000 as OKEx clawbacks in USD416 million trade that went bad- the largest futures liquidation in crypto history. The debate on Bitcoin ETF continues as SEC commissioner files public dissent while most on-street believe the delay in ETF. Binance […]

Bitcoin: USD/BTC (BTC=X) crucial connecting trend line formed with support at $7,350

Bitcoin: USD/BTC (BTC=X) crucial connecting trend line formed with support at $7,350 Just close to a week of bearish action, the Bitcoin market is taking a break near a crucial support level. So far, we have seen the BTC/USD establishing its latest high at 8512-fiat, upon which the pair has undergone strong bearish correction action. […]

Bitcoin: USD/BTC (BTC=X) struggling to break the $8,300

Bitcoin: USD/BTC (BTC=X) struggling to break the $8,300

Bitcoin: USD/BTC (BTC=X) struggling to break the $8,300 Thanks to Bitcoin’s massive market dominance, when it falls, other coins tend to follow suit. Unfortunately for some of the other big coins, such as Ripple (XRP), Ethereum (ETH), and Bitcoin Cash (BCH), which have experienced sharp corrections, they, unlike BTC, haven’t enjoyed recent bullish runs to […]

Bitcoin: USD/BTC (BTC=X) move back in the bullish zone

Bitcoin: USD/BTC (BTC=X) move back in the bullish zone Bulls enjoy the sentiment positivity as they take Bitcoin safely over USD 8k, but Altcoins don’t replicate the same run, Overall coin market cap is on the rise SEC continues to delays and rejects Bitcoin ETF applications, Google removes MetaMask and bans cryptocurrency mining apps from […]

Bitcoin: USD/BTC (BTC=X) bullish momentum resting $6,630

Bitcoin: USD/BTC (BTC=X) bullish momentum resting $6,630

Bitcoin: USD/BTC (BTC=X) bullish momentum resting $6,630 Overall, the bias in prices is: Downwards. The projected upper bound is: 7,313.05. The projected lower bound is: 6,012.94. The projected closing price is: 6,663.00. Candlesticks A white body occurred (because prices closed higher than they opened). During the past 10 bars, there have been 6 white candles […]

USD/BTC (BTC=X) Near $6,300 Resistance Level

USD/BTC (BTC=X) Near $6,300 Resistance Level Crypto markets are seeing mixed signals today, June 1, after major growth yesterday, June 30. Leading cryptocurrency Bitcoin (BTC) is holding a psychological price point around $6,300 today, the low point of yesterday’s price surge, which reached $6,450. Most of the top ten coins by market cap are in […]

USD/BTC (BTC=X) is sidelined; bears are getting ready for a new assault

USD/BTC (BTC=X) is sidelined; bears are getting ready for a new assault

USD/BTC (BTC=X) is sidelined; bears are getting ready for a new assault BTC/USD is consolidating in a narrow range with the bearish bias. Experts warn that more downside is in store. BTC/USD is sitting in a narrow range, capped by $6,500 on the upside, down mostly unchanged since the beginning of the day. The digital coin […]

USD/BTC (BTC=X) BTC/USD recovery stalled

USD/BTC (BTC=X) BTC/USD recovery stalled

USD/BTC (BTC=X) BTC/USD recovery stalled From the longer term perspective, BTC/USD moved below $6,483 and reached the new low of 2018, which looks pretty gloomy. The price is trapped within the upper channel of downside Andrew’s Pitchfork with further downside potential towards $5,600 and $4,000 (median line). A sustainable movement above $7,000 is needed to […]

USD/BTC (BTC=X) Technicals Consolidating

USD/BTC (BTC=X) Technicals Consolidating

USD/BTC (BTC=X) Technicals Consolidating Overall, the bias in prices is: Downwards. Short term: Prices are moving. Intermediate term: Prices are trending. Note: this chart shows extraordinary price action to the upside. The projected upper bound is: 0.12. The projected lower bound is: 0.07. The projected closing price is: 0.09. Candlesticks A white body occurred (because […]

USD/BTC (BTC=X) Upside Looks Limited

USD/BTC (BTC=X) Upside Looks Limited

USD/BTC (BTC=X) Upside Looks Limited Overall, the bias in prices is: Downwards. Short term: Prices are moving. Intermediate term: Prices are trending. Note: this chart shows extraordinary price action to the upside. The projected upper bound is: 0.12. The projected lower bound is: 0.08. The projected closing price is: 0.10. Candlesticks A black body occurred […]