Category: Bitcoin Analysis

Bitcoin Price Is Sitting On A Gun Powder, Will It Explode?

boss

BTC price trades below key resistance as prices get rejected under daily EMA. BTC’s monthly candle closes with so many mixed feelings ahead of October.  The price of BTC must close above $21,500 to renew bullish sentiments. The price action of Bitcoin (BTC) continues to toil with the emotions of traders and investors as it moves in an indecisive and uncertain fashion. Traders continue to speculate about what Bitcoin (BTC) holds for this new month of October. The price action and movements of Bitcoin (BTC) continue in its choppy, leaving…

Higher rates dampen crypto enthusiasm, next stop for bitcoin is $13,000, says Wolfe

boss

Bitcoin has been trading like tech stocks this year, so it’s no surprise that with bond yields surging to their highest levels in years, the cryptocurrency is hurting — and it’s in for more pain, according to Wolfe Research. On Wednesday, the yield on the 10-year U.S. Treasury yield briefly rose above 4% for the first time since 2008. Meanwhile, the Nasdaq Composite remains deeply in a bear market and is off about 31% in 2022. “As liquidity dries up globally and yields extend higher, the once fervent enthusiasm we…

Cathie Wood says she’s standing by her bullish bets on Tesla, Roku and bitcoin

boss

Ark Invest’s Cathie Wood said she’s sticking by her bullish calls on Tesla , Roku and bitcoin . “We stand by all of them,” Wood said when asked about her opinion on Tesla, Roku and bitcoin on CNBC’s “Squawk Box” Tuesday. “We’ve been buying Roku. I think our last move on Tesla was a buy as you know we trade around it.” Wood said Tesla has held up a lot better than most of her other holdings because the EV player is now in the broad-based indices like the S…

Bitcoin Price Remains Range bound, Why There’s Hope of a Fresh Rally

boss

Bitcoin started an upside correction from the $18,150 zone against the US Dollar. BTC is back above $19,200 and a break above $19,500 could spark a fresh rally. Bitcoin is showing a few positive signs above the $19,000 level. The price is trading above $19,000 and the 100 hourly simple moving average. There is a key contracting triangle forming with support near $19,200 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could stage a fresh rally if there is a clear move above the…

Bitcoin Weekly Chart Fires Bottom Signals At Open

boss

In this episode of NewsBTC’s daily technical analysis videos, we take a closer look at a variety of bullish signals in Bitcoin that fired with the most recent weekly open. However, the cryptocurrency market isn’t out of the woods, as this week must confirm the signals with a strong close. Take a look at the video below: VIDEO: Bitcoin Price Analysis (BTCUSD): September 12, 2022 Last night we had a weekly close in Bitcoin and have already added nearly 3% on top of around 16% from the lows swept during last…

Bitcoin Price Holds Strong, Why ETH Could Push BTC Higher

boss

Bitcoin is consolidating above the $19,500 support against the US Dollar. BTC could start a major increase considering the recent rise in ether. Bitcoin is still trading in range near the $20,000 zone and below the $20,500 resistance. The price is now trading below the $20,000 level and the 100 hourly simple moving average. There is a key bullish trend line forming with support near $19,700 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could start a decent increase unless there is a clear…

Why Bitcoin Price May Touch $10,000

boss

September has been a historically bearish month for bitcoin and the rest of the crypto market by extension. Back in 2021, bitcoin’s deviation from expected market trends had sparked hope that it would break the September curse, but alas, it followed it to a T. This is why with the new month already ushered in, there are expectations that the price of BTC will continue to dive and likely reach lower trends as it enters the worst of the bear market. Analyst Says Brace For Impact One of those who…

Bitcoin Price Stuck In Range, Why BTC Is Still At Major Risk of Breakdown

boss

Bitcoin is struggling to settle above $20,500 against the US Dollar. BTC could decline heavily if there is a clear move below the $19,500 support zone. Bitcoin is stuck near the $20,000 zone and trading below the $20,500 resistance. The price is now trading below the $20,000 level and the 100 hourly simple moving average. There is a short-term rising channel forming with support near $19,750 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could accelerate lower if there is a clear move below…

Bitcoin Price Correction To $22k On Horizon After Bears Lose Control At $20k

boss

Bitcoin is consolidating near the $20,000 zone against the US Dollar. BTC could start a decent recovery wave if it clears the $20,550 resistance zone. Bitcoin is showing a few positive signs above the $20,000 resistance. The price is now trading above the $20,000 level and the 100 hourly simple moving average. There is a connecting bearish trend line forming with resistance near $20,340 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair must clear the $20,340 zone and $20,550 to start a steady increase.…

Bitcoin Price Trades Heavy, Why BTC Could Soon Test $20K

boss

Bitcoin is struggling to recover above $21,500 against the US Dollar. BTC is consolidating and remains at a risk of a move towards the $20,000 support. Bitcoin is consolidating above $21,000 and facing a lot of hurdles. The price is now trading above the $21,200 level and the 100 hourly simple moving average. There is a key bearish trend line forming with resistance near $22,500 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could recover higher, but upsides might be limited above the $22,000…