Bitcoin Price Watch: BTC/USD Could Rebound Towards $5,900

Key Points Bitcoin price extended declines below $5,330 and traded towards $5,200 against the US Dollar. There is a major bearish trend line in place with resistance at $5,550 on the hourly chart of the BTC/USD pair (data feed from Kraken). The price is likely positioning for an upward move above the $5,600 and $5,700 levels. Bitcoin price extended losses towards $5,200 against the US Dollar. BTC/USD is currently rebounding and it could correct higher towards $5,900. Bitcoin Price Analysis Yesterday, we discussed the chances of more declines below $5,400…

Bitcoin Price Watch: BTC/USD Breakdown Looks Like Real Deal

Key Points Bitcoin price nosedived below the $6,150 and $5,650 support levels against the US Dollar. There is a short term contracting triangle formed with resistance at $5,600 on the hourly chart of the BTC/USD pair (data feed from Kraken). The price could correct higher, but upsides are likely to face sellers near $5,615 or $5,815. Bitcoin price declined heavily towards $5,400 against the US Dollar. BTC/USD may recover a few points, but upsides are likely to be capped by $5,800. Bitcoin Price Analysis Yesterday, we discussed a possible sell…

Bitcoin Price Watch: BTC/USD Remains Sell On Rallies Near 100 SMA

Key Points Bitcoin price declined further and traded below the $6,275 support level against the US Dollar. There are two bearish trend lines formed with resistance at $6,300 and $6,340 on the hourly chart of the BTC/USD pair (data feed from Kraken). The price remains at a risk of more losses below the $6,250 support in the near term. Bitcoin price is placed in a bearish zone against the US Dollar. BTC/USD could recover, but upsides are likely to be capped around the $6,340 level. Bitcoin Price Analysis During the…

Bitcoin Price Watch: BTC/USD Could Tumble Below $6,250

Key Points Bitcoin price extended losses and traded to a new weekly low at $6,261 against the US Dollar. There is a major bearish trend line in place with resistance at $6,350 on the hourly chart of the BTC/USD pair (data feed from Kraken). The price is at a risk of more declines below the $6,275 and $6,260 support levels in the near term. Bitcoin price is currently in a downtrend below $6,350 against the US Dollar. BTC/USD could tumble once there is a break and close below the $6,250…

Bitcoin Price Watch: BTC/USD Targets Fresh Weekly Lows

Key Points Bitcoin price declined recently below the $6,300 support before correcting higher against the US Dollar. There was a break above a connecting bearish trend line with resistance at $6,360 on the hourly chart of the BTC/USD pair (data feed from Kraken). The price is struggling to break the $6,380 resistance and the 100 hourly simple moving average. Bitcoin price is trading in a bearish zone below $6,400 against the US Dollar. BTC/USD could decline further towards the $6,250 or $6,220 level in the near term. Bitcoin Price Analysis…

This Limited Edition Watch Will Cost You $25,000 in Bitcoin (BTC)

To celebrate the ten year anniversary since the creation of Bitcoin (BTC), a company known as Hublot is launching a limited edition watch. The watch – known as the Big Bang Meca-10 P2P – is available for purchase online using only Bitcoin. The watch will have the transaction number of the purchase engraved on the edge of the bezel: the grooved ring holding the cover of a watch face. Two versions of the watch can be found below courtesy of Hubolt. Ricardo Guadalupe, CEO of Hublot, stated the following about…

Bitcoin Price Watch: BTC/USD Trading Near Major Inflection Point

Key Points Bitcoin price declined further and traded below the $6,440 support against the US Dollar. Yesterday’s highlighted key bullish trend line with support at $6,445 was breached on the hourly chart of the BTC/USD pair (data feed from Kraken). The price tested the next important support at $6,375 and later started consolidating losses. Bitcoin price failed to stay above the $6,440 support against the US Dollar. BTC/USD is currently consolidating above the $6,375 support with bearish moves. Bitcoin Price Analysis Recently, bitcoin price started a downside correction and traded…

Bitcoin Price Watch: BTC/USD Near Make-or-Break Support Zone

Key Points Bitcoin price declined recently and traded below the $6,470 support level against the US Dollar. There is a significant bullish trend line in place with support at $6,440 on the hourly chart of the BTC/USD pair (data feed from Kraken). The price is likely to bounce back as long as it is above $6,440 and $6,375 in the near term. Bitcoin price corrected lower below $6,500 against the US Dollar. BTC/USD is currently testing a major support at $6,440, which holds the key. Bitcoin Price Analysis Yesterday, we…

Bitcoin Price Watch: BTC/USD Accelerating Gains Toward $6,700

Key Points Bitcoin price traded further higher and broke the $6,515 resistance area against the US Dollar. There was a break above a key contracting triangle with resistance at $6,440 on the hourly chart of the BTC/USD pair (data feed from Kraken). The price is likely to accelerate gains above the $6,550 and $6,600 levels in the near term. Bitcoin price is placed nicely above the $6,480 support against the US Dollar. BTC/USD is likely to grind higher towards the $6,700 level in the near term. Bitcoin Price Analysis Yesterday,…

Bitcoin Price Watch: BTC/USD Could Resume Uptrend Above $6,440

Key Points Bitcoin price corrected lower recently after trading as high as $6,472 against the US Dollar. There is a major bullish trend line in place with support at $6,390 on the hourly chart of the BTC/USD pair (data feed from Kraken). The price is positioned for the next wave, which could be above the $6,420 resistance. Bitcoin price is trading in a positive zone against the US Dollar. BTC/USD could continue to move higher as long as it is above $6,375 support level. Bitcoin Price Analysis Yesterday, bitcoin price…