Tag: bitcoin technical analysis

Jan 21 2021

Bitcoin price breakdown targets $25,000 despite investor sentiment remaining positive

Bitcoin slides under $33,000 risking a drop under $30,000, especially if the 50 SMA support fails to hold. Grayscale Investment’s consistent purchase of Bitcoin goes unnoticed as the market falls....

Jan 18 2021

Bitcoin price back to the drawing board at sub $40 but technicals suggest an explosion to $40,000

Bitcoin revisits $34,000 to allow more buyers to enter the market as upside eyes $40,000 again. BTC/USD is drawing nigh to a massive falling wedge pattern breakout. Bitcoin price revisited support at...

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 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 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 17 2020

Bitcoin majestically enters price discovery above $20,000 as the moon beckons

Bitcoin’s least resistance path is upwards as the IOMAP reveals the absence of known resistance. BTC rally hits a new all-time high marginally under $22,000 but the bullish momentum is still intact....

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 01 2020

Bitcoin masterplan breakout eyes $22,500 as crypto bull market nears the ultimate flipping point

Bitcoin exchanged hands at its all-time high for the first since 2017’s bull market Bitcoin is banking on establishing higher support, preferably above $19,000 to help in the mission...

Nov 26 2020

Bitcoin dives from multi-yearly high to $18,400 despite positive on-chain metrics

Bitcoin price slumps to test support at $18,400 and the 50 SMA, respectively. The IOMAP on-chain model reveals that the least resistance path is upwards. Bitcoin price has...

Nov 25 2020

Bitcoin price rocket rally to $20,000 unstoppable, here is what to watch out for

Bitcoin bulls are intensional about hitting a new all-time high and holding above $19,000 is very critical. BTC/USD could enter a price discovery period if it penetrates the all-time high barrier near $20,000....

Nov 24 2020

Bitcoin could quickly rush to $20,000 so long as this crucial hurdle is shattered

Bitcoin battles the uphill task of breaking above $18,500, the channel’s middle boundary, and $19,000. The fear of missing out (FOMO), speculation, and excitement is likely to push...

Nov 02 2020

Bitcoin Price Prediction: BTC/USD Consolidates Ahead Of Potential Rally To $15,000

Bitcoin price elevated to new yearly highs of $14,100 just before the new month. BTC/USD consolidates between $13,600 and $14,000 before an imminent breakout towards $15,000. Bitcoin price...

Oct 30 2020

Bitcoin Technical Analysis: BTC Renews The Uptrend As $15,000 Beckons

Bitcoin bulls build upon the support at $13,000 and restart the journey eying $14,000 and $15,000. The path with the least resistance is upwards as highlighted by the golden cross and the MACD....

Oct 22 2020

What will happen to Bitcoin after the PayPal Announcement?

Ever since 2019, Bitcoin is on a steady uptrend, with much optimism and buoyancy. After recovering from a big crash due to the COVID-19, Bitcoin is back at an all-time high price since mid-2019....

Oct 07 2020

Bitcoin Technical Analysis: BTC Imminent Breakdown To Refresh $10,200 Before Recovery

Bitcoin trading at the edge of a cliff, likely to tumble towards $10,200. BTC/USD path of least resistance is downwards, especially with a symmetrical triangle pattern. Bitcoin has been losing ground since it hit a snag at $10,800 earlier this week. The upside is capped below a trendline, forming part of a symmetrical triangle pattern. Tentative support at $10,600 failed to rise to...

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