, , , ,

Bitcoin Price Weekly Analysis: BTC/USD Remains At Risk Below $6,300

Key Points Bitcoin price started a downside correction after climbing as high as $6,554 against the US Dollar. There was a break below a major bullish trend line with support at $6,420 on the 4-hours chart of the BTC/USD pair (data feed from…
, , , , ,

Bitcoin Price Watch: BTC/USD Turned Bullish Above $6,400

Key Points Bitcoin price surged higher recently and broke the $6,350 and $6,375 resistances against the US Dollar. There was a break above a major contracting triangle with resistance at $6,350 on the hourly chart of the BTC/USD pair (data…
, , , ,

Bitcoin Price Weekly Analysis: BTC/USD Rebound Faces Significant Hurdle

Key Points Bitcoin price recovered recently and tested the $6,375 resistance area against the US Dollar. There is a significant bearish trend line in place with resistance at $6,400 on the 4-hours chart of the BTC/USD pair (data feed from Kraken). The…
, , , , ,

Bitcoin Price Intraday Analysis: BTC/USD Expecting More Losses

Bitcoin on Tuesday remained calmer compared to the action noted at the beginning of this week. The bitcoin-to-dollar exchange rate moved sideways above its newfound support at 6212-fiat as volume dipped once again. The pair is now more than…
, , , ,

BTC/USD Predictable amid Low Volume

The Bitcoin-to-dollar exchange rate on Friday remained entrenched into the stable territory amid low volume. The BTC/USD is currently trading at 6406-fiat, just 0.42 percent above its intraday low. The pair continues to bounce between a $58…
, , , ,

Bitcoin Price Watch: BTC/USD Remains Vulnerable Below 100 SMA

Key Points Bitcoin price failed to move above the $6,400-6,410 resistance area against the US Dollar. There is a key bearish trend line in place with resistance at $6,405 on the hourly chart of the BTC/USD pair (data feed from Kraken). The…
, , , , ,

Bitcoin Price Watch: BTC/USD Forms Double Bottom Near $6,360

Key Points Bitcoin price declined recently and tested the $6,350-60 support area against the US Dollar. There is a major bearish trend line formed with resistance at $6,410 on the hourly chart of the BTC/USD pair (data feed from Kraken). The…
, , , , ,

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…
, , , ,

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…
, , , , ,

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…