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Bitcoin Price Weekly Analysis: BTC’s Bullish and Bearish Scenarios Analyzed

Bitcoin price declined recently and traded below the $3,725 support against the US Dollar. There is a short term breakout pattern forming with resistance near $3,650 on the 4-hours chart of the BTC/USD pair (data feed from Kraken). The pair…
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Bitcoin Investors Still Bullish: Data Indicates Almost 80% Remain Long on BTC

According to data from DailyFX, almost four out of five Bitcoin (BTC) investors remain long on the number one digital asset by market capitalisation. This analysis runs contrary to the price performance of Bitcoin over the last twelve months. The…
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Bitcoin Price Watch: BTC Primed To Gain Bullish Momentum

Key Points Bitcoin price recently tested the $3,950-4,000 resistance area against the US Dollar. There is a key breakout pattern in place with resistance at $3,800 on the hourly chart of the BTC/USD pair (data feed from Kraken). The price is…
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Bitcoin Maintains Bullish Bias, Eyeing $4,500 as Upside Target

Bitcoin on Monday maintained its bullish bias despite facing rejection by a strong resistance area. The bitcoin-to-dollar exchange rate surged from $3,956 to $4,244 as the Asian session kicked in. The pair attempted a breakout action but got…
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Ripple Price Analysis: XRP Buyers Sighting Bullish Break Above $0.40

Key Highlights Ripple price traded in a range and struggled to clear the $0.4000 resistance against the US dollar. There was a break above a major bearish trend line with resistance at $0.3650 on the hourly chart of the XRP/USD pair (data source…
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Bitcoin Price 2019: Industry Insiders Predict BTC’s Future

If you ignore all the fundamental and infrastructure developments of 2018 and focus on price alone, 2018 looks like one of the worst for the number one digital asset. The Bitcoin price began the year at close to $14,000, having just started…
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Bitcoin Price Watch: BTC/USD Turned Short Term Bullish

Key Points Bitcoin price climbed higher and broke the $4,080 and $4,200 resistance levels against the US Dollar. There is a short term bullish trend line formed with support at $4,050 on the hourly chart of the BTC/USD pair (data feed from…
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Recovery in Doubt as Bitcoin Price Drops Out of Bullish Channel

Bitcoin is painting a less bullish picture than 24 hours ago, following a drop out of an ascending price channel. Stepping back, the leading cryptocurrency picked up a strong bid at $6,200 on Oct. 31, keeping the crucial 21-month EMA support…
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Prominent Analyst: Crypto Market is Undergoing a Clear Breakout

After months in a seemingly endless downtrend, which saw the aggregate value of all crypto assets see a 75% haircut, analysis done by one of this industry’s best illustrates the fact that this market could finally be undergoing a breakout. “Output:…
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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…