Tag: bitcoin technical analysis

Apr 07 2021

Bitcoin Price Prediction: BTC crucial technical pattern could soon bolster the price to $64,000

Bitcoin trades in a rectangle pattern ahead of a potentially massive breakout. The short-term analysis validates BTC’s range trading based on the MACD. A break below the 100 SMA and the 200 SMA on the...

Mar 15 2021

Bitcoin Price Prediction: BTC settles above $60,000 as $70,000 beckons

Bitcoin has bounced off immediate support around $59,000 and is moving toward $70,000. The least resistance path is upward based on the applied moving averages. Failure to break above the ascending...

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...

Mar 02 2021

Bitcoin Price Prediction: BTC screams sell as short-term technical flip bearish

Bitcoin must reclaim support above the 50 SMA to allow bulls to shift the focus to $52,000. The MACD indicator has turned bearish, adding weight to the overhead pressure. Bitcoin...

Mar 01 2021

Bitcoin Price Prediction: BTC primed for a massive move eyeing $58,000

Bitcoin rebounds after testing support at $43,000 during the weekend session. The breakout from the falling wedge pattern reinforces the uptrend toward $58,000. Resistance is...

Feb 26 2021

Bitcoin Price Prediction: BTC bearish technical pattern hint at a massive 23% breakdown

Bitcoin risks dropping to $35,000 on account of a bear flag pattern. The RSI's negative divergence adds weight to the bearish narrative. Bitcoin will abandon the breakdown if the flag...

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 18 2021

Bitcoin price targets $60,000 as technicals flip massively bullish

Bitcoin steps to new record highs above $52,000 as buyers eye $60,000. The MACD adds credibility to the building uptrend. A reversal will come into the picture if the price breaks below $52,000....

Feb 17 2021

Bitcoin Price Forecast: BTC hovers above $49,000, eyes glued to levels beyond $50,000

Bitcoin renews the push for gains above $50,000 after retesting support at $48,000. The 50 SMA on the 4-hour chart plays a vital role in the push for new record highs. BTC must sustain gains within the...

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 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...

Feb 11 2021

Bitcoin Price Forecast: BTC risks free fall to $38,000 ahead of massive rally to $51,000

Bitcoin rejected at $48,000 (all-time high), forcing bulls to seek support above $43,000. Some technical indicators suggest that the correction has just begun; thus, BTC could fall to $38,000. A golden...

Feb 09 2021

Bitcoin Price Prediction: BTC goes ballistic trading new record highs at $47,450, next target at $54,000

Bitcoin spikes to $47,450 for the first time after closing the day above $40,000. The technical breakout eyes $53,620, suggesting that the top is nowhere near. BTC’s list resistance path is still on the upside...

Feb 02 2021

Bitcoin price holds in consolidation ahead of the anticipated liftoff to $40,000

Bitcoin holds in a tight range between the 50 SMA and the 200 SMA on the 4-hour chart. A breakdown from $38,000 embraced support at $32,000, stopping further losses. Bitcoin must settle above $34,000 and...

Jan 28 2021

Bitcoin price dropped under $30,000, hunting for the Launchpad to $40,000

Bitcoin begins the initial recovery phases after holding onto the 50-day SMA support. BTC must break above the resistance at $32,000 and the ascending channel’s upper boundary to validate...

Jan 27 2021

Bitcoin price recovery becomes an uphill battle but could this stability signify maturity as a long term asset?

Bitcoin price sticks to consolidation between $31,000 critical support and the stubborn resistance at $34,500. A golden cross pattern hints at Bitcoin exploring lower price levels before resuming the uptrend....

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...

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