Bitcoin Price Analysis: BTC/USD Remains Near $4,050 Price Level

Photo: QuoteInspector Key Highlights: The bulls are still in control of the Bitcoin market; the Bulls currently have weak momentum; the coin may find its resistance at $4,254 price level. BTC/USD Medium-term Trend: Bullish Resistance levels: $4,254, $4,692, $4,960Support levels: $4,050, $3,903, $3,774 BTC/USD is on the bullish trend on the Medium-term outlook. The crypto sustains its bullish trend on the 4-hour chart; as long as the Bitcoin price is above the 21 periods EMA and the 50 period EMA. The Bulls are trying to make significant progress towards the…

Bitcoin Price Analysis: BTC/USD is Heading Towards $4,254 Level

Photo: Richard Patterson / Flickr Key Highlights: The $4,050 price level is already broken up and exposes $4,254 resistance level; the bulls are in control of the Bitcoin market; the coin may find its resistance at $4,254 price level. BTC/USD Medium-term Trend: Bullish Resistance levels: $4,254, $4,692, $4,960Support levels: $4,050, $3,903, $3,774 BTC/USD is on the bullish trend on the Medium-term outlook. The Bears lost momentum and could not defend the resistance level of $4,050. The Bulls then strengthened their momentum and broke up the significant resistance level of $4,050…

Bitcoin Price Analysis: BTC/USD is Preparing for a Big Move

Photo: CafeCredit.com / Flickr Key Highlights: The breakup of the $4,050 Bitcoin price level will expose $4,254 resistance level; consolidation is ongoing in the BTC market; the coin may find its low at $3,774 price level. BTC/USD Medium-term Trend: Ranging Resistance levels: $4,050, $4,254, $4,692Support levels: $3,903, $3,774, $3,637 BTC/USD is moving sideways on the Medium-term outlook. The Bullish momentum that propelled Bitcoin price from the low of $3,774 could not break up the resistance level of $4,050 because of the Bear’s opposing pressure. A bearish “Harami candle” pattern formed…

Bitcoin Price Analysis: BTC/USD is Targeting $3,903 Price Level

Photo: QuoteInspector Key Highlights: The breakdown of the $3,903 Bitcoin price level will expose $3,774 support level; the Bears are gradually taking over the BTC market; the coin may range towards 4,047 price level. BTC/USD Long-term Trend: Bullish Resistance levels: $4,047, $4,254, $4,692Support levels: $3,903, $3,774, $3,637 On the long-term outlook, BTC/USD is Bullish. On March 5, the Bulls lifted Bitcoin price from the low of $3,774, broke up the two dynamic resistances and also the support level of $3,903. The momentum of the Bulls has been very weak and…

Bitcoin Price Analysis: BTC/USD Ranging Within $4,237-$3,679, a Breakout Expected

Photo: Steven Millstein / Flickr Key Highlights: The breakup of $4,237 resistance level will increase Bitcoin price towards $4,692; in case the bulls do not defend the support level of $3,679, BTC will find its low at $3,257; the break out is imminent. BTC/USD Long-term Trend: Ranging Resistance levels: $4,237, $4,692, $5,209Support levels: $3,679, $3,241, $2,765 On the long-term outlook, BTC/USD is ranging. The momentum of the Bears and that of the bulls remain at an equilibrium level and that is what brought about this consolidation scenario. Not until the…

Bitcoin Price Analysis: BTC/USD Trends of March 04–10, 2019

Photo: PEXELS Key Highlights: The breakdown of $3,679 support level will decrease Bitcoin price towards $3,679; in case the bears do not defend the resistance level of $4,337, BTC will find its high at $4,692; the break out is imminent. BTC/USD Long-term Trend: Ranging Resistance levels: $4,237, $4,692, $5,209Support levels: $3,679, $3,241, $2,765 BTC/USD is on the sideways movement on the long-term outlook. On February 23, the bullish momentum aided the BTC price to find its high at $4,237. Continuation of Bitcoin price increment was opposed by the bears with…

Bitcoin Price Analysis: BTC/USD Trends of February 25–March 03, 2019

Photo: QuoteInspector Key Highlights: The breakout of the consolidation phase confirmed on Bitcoin market; in case the support level of $3,679 does not holds, $3,241 will be the BTC target; the bullish momentum may continue increasing. BTC/USD Long-term Trend: Bullish Resistance levels: $4,237, $4,692, $5,209Support levels: $3,679, $3,257, $2,765 BTC/USD is bullish on the long-term outlook. Last week, the cryptocurrency broke out the confluence that faced the BTC price at $3,679. The confluence at the level was one of the reasons why Bitcoin price was consolidating around the level ten…

Bitcoin Price Analysis: BTC/USD Trends of February 18–24, 2019

Key Highlights: Consolidation movement confirmed on Bitcoin market; in case the $3,679 level holds, the bulls may take over the market; the break out is imminent. BTC/USD Long-term Trend: Ranging Resistance levels: $4,237, $4,692, $5,600Support levels: $3,679, $3,247, $2,765 BTC/USD is consolidating on the long-term outlook. There was not any serious rally on the BTC market last week. The momentum of both the bears and the bulls remain at equilibrium; that is the crypto was consolidating on and around the support level of $3,679. It is noticed that there is…

Bitcoin Price Analysis: BTC/USD Trends of February 11–17, 2019

Key Highlights: The bulls have taken over Bitcoin market on 4-Hour chart; the previous low level may be reached in case $3,679 level does not hold; the BTC price may rise. BTC/USD Long-term Trend: Bearish Resistance levels: $4,237, $4,692, $5,600Support levels: $3,679, $3,247, $2,765 BTC/USD continues its bearish trend on the long-term outlook. The crypto was on the downtrend towards the previous low demand level of $3,247 and its lower lows movement could not reach the targeted price level. On February 8, the bulls gained certain momentum which pushed Bitcoin…

Bitcoin Price Analysis: BTC/USD Trends of February 04–10, 2019

Key Highlights: Slow bearish momentum in Bitcoin market; the Bears hold tight to the BTC market; further price declination is anticipated in the BTC market. BTC/USD Long-term Trend: Bearish Resistance levels: $3,679, $4,237, $4,692Support levels: $3,247, $2,765, $1,95 BTC/USD is in a bearish trend on the long-term outlook. All attempts made by the bulls to break up the resistance level of $3,679 were proof abortive by the dynamic resistance and support 21-day EMA. This has been acting as a barrier to the uptrend movement. The bears continue dominating the BTC…