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Bitcoin Price Analysis: BTC a Commodity, Not Property Subject to Capital Gains Tax

Bitcoin prices are sensitive to regulatory news and this week’s judgment that Bitcoin is a commodity did spur more confusion. Needless, prices are largely unaffected and are in fact stable adding two percent in the last week. Like last week,…
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Bitcoin Price Watch: BTC/USD Buyers Could Struggle Near $6,620

Key Points Bitcoin price slowly recovered after trading as low as $6,249 against the US Dollar. There is a bearish flag forming with current resistance at $6,600 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair is likely…
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Bitcoin Price Weekly Analysis: BTC/USD Targets $7,300-7,400

Key Points Bitcoin price is moving higher nicely and it could soon test the $7.300 level against the US Dollar. There is a major bullish trend line formed with support at $7,050 on the 4-hours chart of the BTC/USD pair (data feed from Kraken). The…
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Bitcoin Price Weekly Analysis: BTC/USD Poised To Test $7,000

Key Points Bitcoin price gained traction recently and moved above the $6,550 resistance against the US Dollar. There is a crucial bullish trend line in place with support at $6,650 on the 4-hours chart of the BTC/USD pair (data feed from Kraken). The…
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Bitcoin Price Watch: BTC/USD Forming Double Bottom Near $6,220

Key Points Bitcoin price declined sharply and trimmed most of its yesterday’s gains against the US Dollar. There was a break below a major bullish trend line with support at $6,570 on the hourly chart of the BTC/USD pair (data feed from Kraken). The…
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Bitcoin Price Weekly Analysis: BTC/USD Remains Sell on Rallies

Key Points Bitcoin price declined below $7,260 and moved into a bearish zone against the US Dollar. There is a major bearish trend line formed with resistance at $7,320 on the 4-hours chart of the BTC/USD pair (data feed from Kraken). The pair…
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Bitcoin Price Watch: BTC/USD Breaks $8,000, Next Target $8,500

Key Points Bitcoin price gained momentum and broke a key resistance at $8,000 against the US Dollar. There is a key connecting bullish trend line in place with support at $7,850 on the hourly chart of the BTC/USD pair (data feed from Kraken). The…
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Bitcoin Price Weekly Analysis: BTC/USD’s Next Target $8,500

Key Points Bitcoin price gained momentum and settled above $7,200 against the US Dollar. There is a major bullish trend line forming with support at $7,000 on the 4-hours chart of the BTC/USD pair (data feed from Kraken). The pair is likely…
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Bitcoin Price Watch: BTC/USD’s Bullish Break Underway

Key Points Bitcoin price slowly climbed above a major resistance area near $6,300 against the US Dollar. There was a break above two important bearish trend lines near $6,310 and $6,350 on the hourly chart of the BTC/USD pair (data feed from…
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Bitcoin Price Weekly Analysis: BTC/USD Showing Recovery Signs

Key Points Bitcoin price made a short-term low near $5,800 and bounced back against the US Dollar. There was a break above a key bearish trend line with resistance at $6,280 on the 4-hours chart of the BTC/USD pair (data feed from Kraken). The…