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Bitcoin Price Intraday Analysis: BTC/USD Wedge Support Broken

Bitcoin price on Monday depreciated against the US Dollar after consolidating sideways for the whole Asian and European sessions. The BTC/USD at the beginning of the US trading hours formed lower lows towards 6239-fiat. Before that, the pair…
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BTC/USD in Near-term Rising Wedge

Bitcoin on Friday broke above its psychological resistance level near $6,500 and formed higher highs towards $6,600. The BTC/USD kickstarted the Asian trading session with an impressive rally from 6462-fiat to 6595-fiat. However, the pair failed…
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Bitcoin Price Intraday Analysis: BTCUSD Rebounding Weakly

The bitcoin price on Monday appreciated versus the US Dollar, boosted by passable buying sentiment near $6,121, July 13 low. The BTC/USD today rose as much as 3.67 percent since establishing its intraday low at 6149-fiat. The pair started the…
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Bitcoin Price Weekly Analysis: BTC/USD Decline Could Extend to $5,950

Key Points Bitcoin price is bleeding and it could extend its slide below the $6,100 level against the US Dollar. There is a connecting bearish trend line in place with resistance at $6,300 on the 4-hours chart of the BTC/USD pair (data feed…
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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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BTCUSD Drops towards Strong Support

Bitcoin on Friday lost almost 3% of its value against the USD in a bearish correction attempt post the latest rally. The BTC/USD today continued to its downward trend from the previous high around 7132-fiat. The Asian session kept the price…
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Bitcoin Price Intraday Analysis: BTCUSD Closing Towards $7,000

Bitcoin price today consolidated sideways within a strict range, never indicating a breakout optimism. At the beginning of the Asian trading session, the BTC/USD has slumped by 3.5 percent only to settle the mid-session inside an oversold area.…
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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…