Category: Bitcoin Analysis

Bitcoin Price Consolidates Above Support, Bullish Bias Strengthens

boss

Bitcoin price started a decent increase above $68,500 but failed at $70,000. BTC is now consolidating and might aim for more gains above $68,800. Bitcoin started a fresh increase after it settled above the $68,000 support. The price is trading above $68,000 and the 100 hourly simple moving average. There is a contracting triangle forming with resistance at $68,400 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair might dip again if it trades below the $67,000 and $66,550 levels. Bitcoin Price Corrects Lower From…

Bitcoin Price Sinks to New Weekly Low, Bulls Lose Key Support

boss

Bitcoin price failed to stay above $66,000 and dipped further. BTC is now consolidating losses and might struggle to recover above $66,000. Bitcoin started a fresh decline and traded below the $66,000 support. The price is trading below $65,500 and the 100 hourly simple moving average. There is a bearish trend line forming with resistance at $66,800 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair might dip again if it trades below the $63,500 and $63,200 levels. Bitcoin Price Breaks Key Support Bitcoin price…

Bitcoin Price Slips In Choppy Trade As Bears Tighten Grip

boss

Bitcoin price corrected gains and tested the $66,000 support. BTC is now consolidating losses and might decline further below the $65,500 zone. Bitcoin is struggling to recover losses and moving lower below $67,200. The price is trading below $67,200 and the 100 hourly simple moving average. There is a declining channel forming with resistance at $68,000 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair might dip again if it trades below the $66,000 and $65,500 levels. Bitcoin Price Dips Again Bitcoin price failed to…

Bitcoin Price Falls Further, Raising Stakes At The $70K Support

boss

Bitcoin price extended its decline below $73,500. BTC is now consolidating losses but faces many hurdles near $75,500. Bitcoin is attempting to recover but struggling to clear hurdles. The price is trading below $75,000 and the 100 hourly simple moving average. There is a bearish trend line forming with resistance at $75,200 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair might dip again if it trades below the $72,000 and $71,200 levels. Bitcoin Price Dips Further Bitcoin price failed to remain stable above the…

Bitcoin Price Backs Off Resistance — Breakdown Or Brief Pause?

boss

Bitcoin price started a recovery wave above $89,500 but failed above $90,000. BTC is declining and might dip further if it breaks $88,000. Bitcoin failed to remain above $90,000 and started another decline. The price is trading above $88,200 and the 100 hourly simple moving average. There is a rising channel forming with support at $88,100 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair might dip further if it trades below the $88,000 and $87,500 levels. Bitcoin Price Faces Rejection Bitcoin price remained stable…

Bitcoin Price Breakdown Risk Grows As Bears Aim For $85K

boss

Bitcoin price extended losses and traded below $88,500. BTC is consolidating losses and might attempt a recovery wave if it clears $88,500. Bitcoin started a minor recovery wave from the $86,000 level. The price is trading below $88,200 and the 100 hourly Simple moving average. There is a new bearish trend line forming with resistance at $88,000 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair might recover if it manages to settle above $86,200 and $86,000. Bitcoin Price Dips Further Bitcoin price failed to…

Bitcoin Price Loses $90K, Traders Brace for a Volatile Next Move

boss

Bitcoin price started a fresh decline below $90,000. BTC is consolidating losses and remains at risk of more losses if it dips below $88,000. Bitcoin started a sharp decline below $92,000 and $90,000. The price is trading below $90,000 and the 100 hourly Simple moving average. There is a bearish trend line forming with resistance at $94,200 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair might continue to move down if it stays below the $92,000 zone. Bitcoin Price Dips 5% Bitcoin price failed…

Bitcoin Price Action Turns Unsteady, Downside Threat Grow

boss

Bitcoin price started a fresh decline below $94,000. BTC is consolidating losses and remains at risk of more losses if it dips below $91,500. Bitcoin started a sharp decline below $94,000 and $93,000. The price is trading below $93,000 and the 100 hourly Simple moving average. There is a bearish trend line forming with resistance at $94,600 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair might continue to move down if it stays below the $94,000 zone. Bitcoin Price Turns Red Bitcoin price failed…

Bitcoin Price Clears the Ceiling—Is $100K the Next Test?

boss

Bitcoin price started a fresh increase above $95,500. BTC is trading above $96,000 and might soon aim for a move to $100k in the near term. Bitcoin started a decent increase above $94,000 and $95,500. The price is trading above $95,000 and the 100 hourly Simple moving average. There is a bullish trend line forming with support at $95,250 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair might continue to move up if it stays above the $95,000 zone. Bitcoin Price Breaks Key Resistance…

Bitcoin Price Recovery Bid Emerges, Resistance Still Looms Large

boss

Bitcoin price started a downside extension below $92,000. BTC is now recovering from $89,220 and might face barriers for a fresh increase near $92,000. Bitcoin started a recovery wave above $90,000 and $90,500. The price is trading above $91,000 and the 100 hourly Simple moving average. There was a break above a bearish trend line with resistance at $90,750 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair might continue to move up if it stays above the $90,000 zone. Bitcoin Price Attempts Recovery Bitcoin…