Bitcoin Price Analysis: BTC/USD Price May Rally Towards $8,233

Photo: QuoteInspector Key Highlights: Bitcoin price is ranging at $7,812 level; the coin may rally towards $8,233 level the Bears may push the price to reach $7,085. BTC/USD Medium-term Trend: Ranging Resistance levels: $7,812, $8,233, $8,608Support levels: $7,476, $7,085, $6,612 Bitcoin price is moving sideways on the medium-term outlook. The sideways movement continues in the Bitcoin market due to the weakness in the momentum of the Bulls and the weakness in the Bears’ pressure. The ranging movement started on June 04 after the Bears pushed the coin to the low…

Bitcoin Price Analysis: BTC/USD Price Heading Towards $8,235

Photo: QuoteInspector Key Highlights: Bitcoin price reversed at $7,600 level; the Bulls may take over Bitcoin market fully; the price is heading towards $8,235 level. BTC/USD Medium-term Trend: Bearish Resistance levels: $8,235, $9,398, $10,168Support levels: $7,600, $7,195, $6,856 Bitcoin price turned Bearish on the medium-term outlook. Bitcoin was consolidating on the dynamic support and resistance level last five days. The Bulls momentum was weak and the Bears prevailed over the bulls with the formation of strong massive bearish candle that broke down the Dynamic resistance and support level, passed through…

Bitcoin Price Analysis: BTC/USD Price Rallying Towards $9,398

Photo: Tim Reckmann / Flickr Key Highlights: Bitcoin price moving towards $9,398 level; the Bears’ momentum is lower than that of the Bulls; the price may reach $9,398 level. BTC/USD Medium-term Trend: Bullish Resistance levels: $9,398, $10,168, $10,967Support levels: $8,235, $7,600, $6,856 Bitcoin resumed Bullish movement on the medium-term outlook. After few days of consolidation, the crypto was bearish on May 30 with the formation of bearish engulfing candle that emerged, another strong bearish candle formed that pushed the coin below the $8,235 level. The bulls rejected the price declination…

Bitcoin Price Analysis: BTC/USD Broke Out at $8,233 Level

Photo: QuoteInspector.com / Flickr Key Highlights: Bitcoin price broke out of the consolidating zone at $8,233 level; BTC is under bullish control; the Bears may pull back the price to reach $8,608 level. BTC/USD Medium-term Trend: Bullish Resistance levels: $9,007, $9,480, $10,014Support levels: $8,608 $8,233, $7,812 BTC/USD is Bullish on the medium-term outlook. Within the period of May 19 and May 26 the crypto was range–bound at $7,812 to $8,233 levels. The momentum of the Bears and the Bulls were at equilibrium. On May 26, the Bulls gained more momentum;…

Bitcoin Price Analysis: BTC/USD Price Facing $5,840

Photo: Unsplash Key Highlights: The Bears are gradually taking over the Bitcoin market; the breakdown at $5,946 level will expose $5,840 support level; the Bitcoin price may bounce at $5,840 level. BTC/USD Medium-term Trend: Bullish Resistance levels: $5,978, $6,151, $7,271Support levels: $5,840, $5,716, $5,574 On the medium-term outlook, BTC/USD remains bullish. There was an increase in the Bulls momentum which broke up the Bitcoin level at $5,716 and the resistance level of $5,910. The Bullish trend extended up to $6,151 level on May 03, it pulled back and on the…

Bitcoin Price Analysis: BTC/USD May Break Out at $5,459

Photo: QuoteInspector Key Highlights: Sideways movement may continue in the Bitcoin market in case the Bulls lose the pressure; the breakout at $5,459 level will expose Bitcoin price to $5,574 in case the Bulls gain more pressure; traders should be patient before taking a position. BTC/USD Medium-term Trend: Ranging Resistance levels: $5,459, $5,574, $5,840Support levels: $5,255, $4,988, $4,742 On the medium-term outlook, BTC/USD is still on the sideways movement. BTC/USD has been range-bound since April 17 within the supply level of $5,955 and the demand level of $5,255. On April…

Bitcoin Price Analysis: BTC/USD Expecting Breakout at $5,299

Photo: Tim Reckmann / Flickr Key Highlights: Bitcoin may continue its ranging movement; the breakout at $5,299 level will expose $5,574; traders should be patient before taking a position. BTC/USD Medium-term Trend: Ranging Resistance levels: $5,299, $5,574, $5,840Support levels: $4,988, $4,742, $4,491 BTC/USD continues sideways movement on the medium-term outlook. The sideways movement of Bitcoin price continues on the 4-hour chart. The crypto started ranging six days ago till the present moment. It is range–bound within the resistance of $5,299 and the support level of $4,988. It is currently touching…

Bitcoin BTC/USD Pullback Closing In Below $5,000.00

For a second time this week only the pair BTC/USD is being pushed downward by the bears to the lows of $5,000.00 as per time of writing it is changing hands at $5,030.77 with a market cap of $88.7 bln and a rising volume transaction of $12.3 bln for the last 24-hours. Clearing below the important support of $5,200.00 which followed-up after not being able to overcome $5,400.00 opened gates for more losses during the week and tiring of buyers. Source: coinmarketcap With Bitcoin’s native token price BTC against the…

Bitcoin Price Analysis: BTC/USD Expected to Rise Above $5,299

Photo: QuoteInspector Key Highlights: Bitcoin price is consolidating; the Bulls may take over the BTC market; traders should be patient before taking a position. BTC/USD Medium-term Trend: Ranging Resistance levels: $5,299, $5,574, $5,840Support levels: $4,988, $4,742, $4,491 On the Medium-term outlook, BTC/USD is ranging. The crypto was bearish last week trending down towards $4,988 support level. The Bears lost the momentum at $4,988 price level and the bulls have no pressure, then; BTC/USD started consolidating within the range of $5,299 resistance level and $4,988 support level. Bitcoin price was trading…

Bitcoin Price Analysis: BTC/USD Targets $4,742 Price Level

Key Highlights: Consolidation is over in the Bitcoin market; the Bears took over the BTC market; Bitcoin price may fall to $4,742. BTC/USD Medium-term Trend: Bearish Resistance levels: $5,299, $5,574, $5,840Support levels: $4,988, $4,742, $4,491 On the Medium-term outlook, BTC/USD is on the bearish trend. The significant level of $5,299 was difficult for the Bulls to break for more than two days and that was what cause consolidation at the level. On April 10, the Bulls broke up the resistance level of $5,299 but later opposed by the Bears and…