Tag: bitcoin price analysis

Jan 15 2021

Bitcoin displays strong technicals for new record high as futures open interest hit $13 billion

Bitcoin retests $40,000 after recovery almost 30% in two days. Bitcoin open interest increases 74% from the previous month, suggesting high investor optimism. Bitcoin has...

Jan 14 2021

Bitcoin price on the final stretch to $40,000 but these are the levels to watch

Bitcoin nurtures recovery eyeing $40,000 after overcoming resistance at $36,000. BTC/USD must close the day above the 61.8% Fibonacci to complete the leg up to $40,000. Bitcoin...

Jan 13 2021

Bitcoin price risks revisiting $30,000 while Goldman Sachs reckons that BTC has matured as an asset

Bitcoin bulls focus on avoiding declines to $30,000 by holding above the 100 SMA and $33,000. Bitcoin is becoming more mature as an asset but needs institutional backing to stabilize. Bitcoin is...

Jan 12 2021

Bitcoin freefalls to $30,000 but recovery to $40,000 seems imminent as on-chain metrics stay strong

Bitcoin recovery to $40,000 will not come easy despite the bounce at $30,000. On-chain metrics like the network growth remain strongly bullish suggesting that Bitcoin is still strong...

Jan 11 2021

Bitcoin price in dilemma at crucial pivotal level; will it be $42,500 or $32,500?

Bitcoin closes the week under $40,000, opening the Pandora box for a possible slide to $32,500. Closing the day above the ascending channel’s upper boundary may invalidate the breakdown but favor a recovery...

Jan 08 2021

Bitcoin price pulls back from $40,000 but speculators see it at $50,000 in the near-term

Bitcoin price rejected from the historical record at $40,000 but short term support expected at $37,500. Speculators believe that BTC has a long way to go, placing their short term goal at $50,000....

Jan 07 2021

Bitcoin price imminent leap to $40,000 awaits breakout at this key level

Bitcoin bulls nurture the uptrend towards the much-anticipated run-up to $40,000. BTC/USD immediate upside is capped by the ascending parallel channel’s upper boundary resistance. Bitcoin is on the verge...

Jan 06 2021

Bitcoin price poised for an 11% dump to $30,000 before the rally to new all-time high resumes

Bitcoin price faces a growing bearish grip after failing to settle above the immediate resistance at $34,000. The bellwether cryptocurrency is on the verge of a breakdown to $30,000, mostly if the immediate...

Dec 31 2020

This Coin Made 40% in Seven Days…Is It a Good Investment?

Bitcoin price has established a new all-time high above $29,000 for the first time ever and targeting the long-awaited $30,000 level. Bitcoin price looks unstoppable and its price is increasing like crazy. At the time of writing this, the Bitcoin price is sitting at $29,108.36. There are some altcoins that are performing exceptionally well. Every now...

Dec 21 2020

BTC Price Analysis: Bitcoin Aiming To Retest $20,000 Before It Starts Another Rally

Key Highlights: • Bitcoin lost 3.7% today after facing rejection around $24,300 level – the current high• The long-term bullish trend may suspend if the key $20,000 level fails to act as a...

Dec 18 2020

Bitcoin end-year rally takes a hiatus under $24,000 but the journey to $30,000 just started

Bitcoin hits a wall under $24,000 but confirms support slightly above $22,000. The bullish outlook has been validated by a golden cross pattern on the 4-hour chart. Bitcoin continued with the...

Dec 16 2020

Bitcoin price bulls run out of options as rejection at $19,500 threatens massive slide to $17,600

Bitcoin market indecision continues, as resistance at $19,500 remains intact. Bitcoin buyers plan to hold the fort at $19,000 as they prepare for a major liftoff to $20,000....

Dec 15 2020

Bitcoin correction from $19,500 seems imminent as a double-top pattern comes into the picture

Bitcoin price closes in on $19,500 again but is likely to correct towards $19,000 support. A double-top pattern is a typical bearish indicator in technical analysis, highlighting an area of intense...

Dec 14 2020

Bitcoin price makes the final approach to a new yearly high as investors anticipate another rally

Bitcoin bounced off support at $17,500 and lifted towards $20,000 but hit a snag at $19,438. On-chain metrics suggest that Bitcoin is ready for gains above $20,000 while its downside is well protected. Bitcoin...

Dec 11 2020

Bitcoin on the cusp of a paralyzing breakdown to $16,200 if this crucial support is lost

Bitcoin refreshes the levels under $18,000 as declines to $16,200 beckon. The 200 SMA must stay intact to ensure that BTC does not complete the bearish leg to late November support at $16,200. Bitcoin is...

Dec 10 2020

Bitcoin downward pressure unstoppable, losses to $18,000 eyed ahead of upswing to $20,000

Bitcoin’s recovery hits a massive barrier at the 100 SMA and the descending channel’s middle boundary. BTC/USD likely to embrace consolidation based on on-chain metrics. Bitcoin...

Dec 09 2020

Bloodbath in the cryptocurrency market as Bitcoin’s overhead pressure surges – downside eyes $17,500

Bitcoin refreshes lower price levels at $18,000 as declines loom towards $17,500. BTC/USD will invalidate the bearish outlook if the price closes the day above $18,000 and perhaps steps...

Dec 08 2020

Bitcoin price hunts for a clear pathway to $20,500, as on-chain metrics improve

Bitcoin must hold above the Bollinger Bands’ middle boundary and the 50 SMA to sustain the uptrend. The IOMAP model by IntoTheBlock reveals the lack of substantial resistance that could...

Dec 07 2020

Bitcoin draws nigh to a massive breakout as consolidation prevails

Bitcoin’s reclaimed the position above $19,000 over the weekend but failed to disperse the seller congestion at $19,500. BTC is nearing a breakout as the Bollinger Bands’...

Dec 04 2020

Bitcoin upward pressure on the rise targets at $21,000 and $21,530

Bitcoin has sustained an uptrend after reclaiming the ground above $19,000. BTC/USD still eyes new yearly highs above $20,000 and to enter the price discovery mode. Bitcoin has...

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