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…

Bitcoin Price Analysis: BTC/USD Price Rises Towards $5,299

Key Highlights: Bitcoin price is facing $5,299; the Bulls were fully in control of the BTC market; the pullback is inevitable. BTC/USD Medium-term Trend: Bullish Resistance levels: $5,299, $5,574, $5,840Support levels: $4,988, $4,742, $4,491 BTC/USD is on the bullish trend on the Medium-term outlook. As it was predicted last week, BTC/USD broke through several resistance levels with strong momentum of the bulls and our last week target was reached. The momentum of the Bulls and the Bear were on the same level for several days until April 2 when the…

Bitcoin Price Analysis: BTC/USD Price Targes $4,254 Price Level

Photo: QuoteInspector Key Highlights: Consolidation is over in Bitcoin market; the Bulls dominate the BTC market; the coin may find its resistance at $4,254 price level. BTC/USD Medium-term Trend: Bullish Resistance levels: $4,254, $4,385, $4,454Support levels: $4,130, $4,050, $3,961 On the Medium-term outlook, BTC/USD is Bullish. Last week, BTC/USD bottomed at $3,961 and the Bulls rejected a further reduction in the price of BTC by gathering the momentum and pushed up the BTC price. As predicted before, the Bulls were able to break up the $4,050 price level and extended…

Bitcoin Price Analysis: BTC/USD Remains at $4,050 Expecting Breakout

Photo: QuoteInspector Key Highlights: Consolidation is ongoing in the Bitcoin market; Bitcoin price will target $3,903 in case $4,050 level does not hold; the coin may find its resistance at $4,144 price level. BTC/USD Medium-term Trend: Bearish Resistance levels: $4,050, $4,144, $4,254Support levels: $3,903, $3,774, $3,637 On the Medium-term outlook, BTC/USD is Bearish. BTCUSD consolidated for four days (March 21 – March 25). The Bears eventually gained momentum over the Bulls and there was a breakout towards the south with the formation of bearish candles that broke down the former…

Bitcoin Price Analysis: BTC/USD Consolidates at $4,050, the Breakout is Imminent

In case the demand level of $4,050 does not hold and the Bears increase its momentum, Bitcoin price will find its support at $3,903 price level. Should the Bulls defend $4,050 price level, BTC will resume back to its uptrend movement. Key Highlights: Consolidation is ongoing in the BTC market; Bitcoin price will target $3,903 in case $4,050 level does not hold; the coin may find its resistance at $4,144 price level. BTC/USD Medium-term Trend: Ranging Resistance levels: $4,144, $4,254, $4,692Support levels: $4,050, $3,903, $3,774 On the Medium-term outlook, BTC/USD…