Tag: bitcoin price analysis

Apr 16 2021

Bitcoin price uptrend to $65,000 decelerates amid potential bearish comeback

Bitcoin recovery hit a barrier at $64,000, hindering movement to $65,000. The ascending parallel channel lower edge support is under tremendous pressure to give to bearish advances. Bitcoin has resumed...

Apr 14 2021

Bitcoin price rolls on the runway ready for takeoff to $70,000 as market cap nears $2 trillion

Bitcoin crosses the $63,000 mark as uplift to $70,000 becomes apparent. The ascending parallel channel appears to have secured BTC’s uptrend. Closing the day under the channel’s middle boundary support could pave...

Apr 13 2021

Bitcoin Price Forecast: BTC makes real break beyond $60,000 amidst calls for liftoff to $70,000

Bitcoin uptrend bolstered above $60,000 as bulls eye new record highs beyond $62,000. Trading above the ascending channel's middle boundary could catapult BTC toward $70,000. The MACD on the...

Apr 09 2021

Bitcoin Price Prediction: These two crucial levels could define BTC future

Bitcoin’s upside capped by the 50 SMA on the four-hour chart, delaying upswing past $60,000. BTC’s short-term technical levels have started to improve, including the MACD. The 100 SMA support must be defended to...

Apr 08 2021

Bitcoin price stuck in a range as bulls plan to ace the tug of war for upswing past $60,000

Bitcoin knocks at the Bollinger band middle boundary resistance while nurturing a new uptrend. A falling wedge pattern points at BTC potential breakout above $60,000. The hurdle at the 100 SMA on the...

Mar 31 2021

Bitcoin Price Prediction: BTC on the verge of 10% technical retracement

Bitcoin is moving toward a colossal breakdown likely to test lows under $53,000. A falling wedge pattern on the four-hour chart presents a bearish outlook for BTC. Bitcoin has for some time been stuck in a...

Mar 24 2021

Bitcoin Price Forecast: BTC holding at key technical pattern, poised for a significant breakout above $60,000

Bitcoin’s formed double-bottom pattern on the 4-hour chart points the price towards a considerable liftoff. The 4-hour MACD illustrated that sellers have more control over the price. Bitcoin is slightly...

Mar 19 2021

Bitcoin Price Prediction: BTC poised for breakout to $65,000

Bitcoin bounces off support at the 50 SMA as bulls clear the path toward $65,000. Massive buy orders will likely be triggered as soon as Bitcoin breaks above $60,000. Bitcoin has embraced higher support...

Mar 18 2021

Bitcoin Price Prediction: BTC closes the gap to $60,000 as correction lingers

Bitcoin breaks out of a falling wedge but runs out of steam before tackling $60,000. A death cross pattern on the 4-hour chart hints at increasing selling pressure in the near-term. Bitcoin embraced support at...

Mar 16 2021

Bitcoin Price Prediction: BTC freefall unstoppable, eyes $50,000

Bitcoin struggles to secure support at $54,000 as a drop to $50,000 becomes apparent. The short-term analysis shows that the least resistance path is downwards. Support above $54,000 will shift the bulls’...

Mar 11 2021

Bitcoin Price Analysis: BTC closes in on the all-time high as $60,000 beckons

Bitcoin cuts through $56,000 as buyers look forward to gains toward $60,000. A golden cross pattern on the 4-hour chart validated the bullish outlook. Support at $54,000 must be defended at all costs...

Mar 09 2021

Bitcoin Price Prediction: BTC Ready For a 16% Upswing To New Record Highs

Key Highlights: Bitcoin makes a technical breakout, aims for new all-time highs above $60,000. The ascending triangle is a bullish continuation pattern, validating the...

Mar 05 2021

Bitcoin Price Prediction: BTC freefall to $42,000 beckons amid extremely drained bullish front

Bitcoin rejection from $52,000 leads to unstoppable declines under $50,000. Technical indicators flip bearish for Bitcoin, adding weight to the impending price drop. The IOMAP model reveals immense...

Mar 03 2021

Bitcoin Price Forecast: BTC elevation to $52,000 catches momentum

Bitcoin bounces off short-term support at $47,000 as bulls nurture the uptrend to $52,000. Bulls must defend the support at the 50 SMA on the 4-hour chart to avoid retreats toward $42,000. Bitcoin embraced...

Feb 24 2021

Bitcoin Price Prediction: BTC rebounds stepping above $50,000 but aiming for $60,000

Bitcoin renews the uptrend following the colossal dip from $58,000. Support at $44,860 played a critical role in the ongoing recovery, leading to gains past the 100 SMA. BTC will fail to...

Feb 23 2021

Bitcoin Price Prediction: BTC correction far from over amid weakening technical levels

Bitcoin is facing increasing resistance under the 50 SMA on the 4-hour chart. Technical levels are flipping bearish as Bitcoin fights to sustain the position above $52,000. BTC/USD will resume the...

Feb 19 2021

Bitcoin Price Analysis: BTC holds steady above $50,000 as the first ETF comes to life in North America

Bitcoin ETF starts trading in North America, attracting a high initial volume. Bitcoin holds above $50,000 as bulls look forward to action beyond $60,000. Declines under $50,000 will seek refuge at the 50 SMA and...

Feb 16 2021

Bitcoin Price Prediction: BTC draws closer to $50,000 as breakout to $60,000 lingers

Bitcoin is on the path to breaking above $50,000 as technical remains bullish. The uptrend is likely to be validated by the MACD on the 4-hour chart. Failure to break the ascending channel’s middle resistance...

Feb 15 2021

Bitcoin Price Prediction: BTC almost brushes shoulders with $50,000 but gets rejected as $43,000 beckons

Bitcoin suffers a rejection within a whisker of $50,000 as the bullish weekend session turns bearish. BTC may freefall toward $43,000 if the 50 SMA support fails to hold. The flagship cryptocurrency will...

Feb 12 2021

Bitcoin Price Forecast: BTC battles for new record highs as bulls eye $52,500

Bitcoin lifts off support at $43,500, targeting an upswing towards $52,500. Immediate support has been provided by the ascending parallel channel’s middle boundary. A correction toward $40,000 is still...

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