Bitcoin Price (BTC/USD) Targets Fresh Weekly High Above $12.2K

Bitcoin price is trading nicely above the $11,650 and $11,500 supports sharply against the US Dollar. The price is likely to break the $12,000 resistance and continue higher in the coming sessions. There is a crucial contracting triangle forming with resistance near $12,000 on the hourly chart of the BTC/USD pair (data feed from Kraken). The price could either rally above $12,000 and $12,200 or it might start a fresh decrease below $11,500. Bitcoin price is trading with a positive bias above $11,500 against the US Dollar. BTC price is…

Bitcoin Price (BTC/USD) Is Holding Uptrend Support But $12K Holds Key

Bitcoin price traded to a new monthly high at $12,333 and corrected lower sharply against the US Dollar. The price is currently climbing higher after it tested the key $11,200 support area. Yesterday’s highlighted key bullish trend line was breached with support near $11,700 on the hourly chart of the BTC/USD pair (data feed from Kraken). The price could revisit the $12,000 resistance, which is now a major breakout zone. Bitcoin price is recovering from $11,200 against the US Dollar. However, BTC price must break the $12,000 resistance to continue…

Bitcoin Price (BTC/USD) Could Hit $12.2K Amid Strong Technical Bias

Bitcoin price extended gains above the $11,500 and $11,700 resistances against the US Dollar. The price is currently correcting lower after trading close to the $12,000 resistance. There is a connecting bullish trend line forming with support near $11,540 on the hourly chart of the BTC/USD pair (data feed from Kraken). The price remains in an uptrend and it could surpass $12,000 to test the $12,200 level. Bitcoin price is gaining bullish momentum above $11,500 against the US Dollar. BTC price might continue to climb higher towards $12,000 and $12,200…

Bitcoin Price (BTC/USD) Signaling Bullish Acceleration Above $10,500

Bitcoin price traded higher and broke the key $10,200 resistance area against the US Dollar. The price is placed nicely above the $10,200 level and it recently tested the $10,500 area. There is a major bullish trend line forming with support near $10,200 on the hourly chart of the BTC/USD pair (data feed from Kraken). The price remains in an uptrend and it may soon accelerate above the $10,500 resistance level. There were decent gains in bitcoin price above $10,200 against the US Dollar. BTC price is likely preparing for…

Bitcoin Price (BTC/USD) Correcting Gains, Dips Remain Supported

Bitcoin price climbed higher recently and broke the $10,000 resistance area against the US Dollar. The price retested the $10,200 resistance area and it is currently correcting lower. There was a break below a short term ascending channel with support near $10,020 on the hourly chart of the BTC/USD pair (data feed from Kraken). The price is currently correcting lower, but dips remain supported near the $9,850 and $9,800 levels. Recently, there was a nice upward move in bitcoin price above $10,000 against the US Dollar. BTC price retested the…

Bitcoin Price (BTC/USD) Signaling Bullish Continuation To $10,200

Bitcoin price formed a solid support near the $9,200 level and recently recovered against the US Dollar. The price is trading nicely above $9,500 and it recently tested the $9,770 level. There is a short term contracting triangle forming with resistance near $9,750 on the hourly chart of the BTC/USD pair (data feed from Kraken). The price is likely to continue higher once it clears the $9,750 and $9,800 resistance levels. In the past few hours, bitcoin price recovered above $9,500 against the US Dollar. BTC price is showing positive…

Bitcoin Price (BTC/USD) Holding Key Support But Lacks Momentum

Bitcoin price is currently consolidating above the key $9,300 support area against the US Dollar. The price is facing a few key resistances near the $9,500, $9,600 and $9,650 levels. There is a connecting bearish trend line forming with resistance near $9,500 on the hourly chart of the BTC/USD pair (data feed from Kraken). The price start a decent recovery as long as there is no downside break below the $9,300 support. After bearish moves, bitcoin price started consolidating above $9,300 against the US Dollar. However, BTC must gain momentum…

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…