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Bitcoin (BTC) Price Watch: New Bullish Channel Forming

Bitcoin Price Key Highlights Bitcoin price is forming higher highs and higher lows inside an ascending trend channel on the 1-hour chart. Price just bounced off the channel bottom and may be due for a test of the resistance at $6,600. There…
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Bitcoin (BTC) Price Watch: Bearish Wedge Breakout

Bitcoin Price Key Highlights Bitcoin price recently broke below a rising wedge pattern to signal that further losses are in the cards. Price might still pull back to the broken support area, which lines up with Fib levels, to gather more selling…
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Bitcoin (BTC) Price Watch: Tight Battle Between Bulls and Bears

Bitcoin Price Key Highlights Bitcoin price is currently consolidating in a short-term symmetrical triangle visible on the 1-hour chart. The breakout could set the longer-term direction for bitcoin as it nears a key support area. Technical indicators…
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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 (BTC) Price Watch: Nearby Inflection Points to Watch

Bitcoin Price Key Highlights Bitcoin price continues to crawl higher and is moving closer to completing its double bottom. Once completed, price would need to break past the neckline at $8,400 to confirm a long-term uptrend. Corrections from…
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Bitcoin (BTC) Price Watch: Don’t Miss This Bullish Pullback

Bitcoin Price Key Highlights Bitcoin price is trending higher inside an ascending channel on the 4-hour chart and is testing the top. A pullback to support might be due from here, so as to gather more bullish energy on the climb. The uptrend…
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Bitcoin Shorts Reach All-Time Highs During Low Market Cycle, What’s Next?

Bitcoin short positions have been ranging near their all-time highs during the past month, signaling that traders are giving up hope that Bitcoin will maintain its current price of over $7,200. On September 1st, a notable 10,000 BTC short position…
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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 (BTC) Price Watch: Upside Breakout, Quick Pullback?

Bitcoin Price Key Highlights Bitcoin price was previously consolidating inside a rising wedge and has just surged past the top. This signals that bulls are ready to charge and push price much higher from here. The wedge spans around $1,000…
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Prominent Analyst: Bitcoin is Significantly Healthier in 2018 Than 2014, Optimistic

Willy Woo, a cryptocurrency researcher and respected investor, has said that the 2018 Bitcoin correction will not turn out to be like the 2014 slump, when the price of Bitcoin dropped 90 percent and remained in a low price range for several…