Tag: bitcoin technical analysis

Jul 14 2021

Bitcoin Price Prediction: BTC Could Soon Explore Levels Under $30,000

Bitcoin price loses support at $32,000 and losses under $30,000 beckon. The bearish call is short-term but could intensify amid investors panicking. Bitcoin price seems to have accepted that recovery is not possible at this momentum in time. Despite holding above $32,000 last week, this support has been overwhelmed amid the ongoing mid-week trading session. The post Bitcoin Price Prediction: BTC Could Soon...

Jun 14 2021

Bitcoin Price Forecast: BTC bulls’ bid for $40,000 delayed at $39,000 key technical level

Bitcoin has gradually but consistently lifted from $31,000 to levels near $40,000. However,...

Jun 11 2021

Jun 10 2021

Jun 08 2021

Bitcoin Price Prediction: BTC dumps to $30,000 again as renowned analyst confirms impending bear cycle

Bitcoin market finally exited the indecision status quo as bears took over amid the Asian session on Tuesday. The largest cryptocurrency had balanced around $36,000 in the wake of last week’s freefall from $39,000. Its upside had...

Jun 07 2021

Bitcoin Price Analysis: BTC lags a seemingly imminent 35% breakout to $50,000

Bitcoin has not been able to recover to last week's highest levels, around $39,000. Following the humorous 'breakup' tweet from Elon Musk that suggested that he had parted ways with...

Jun 04 2021

Bitcoin Price Forecast: BTC bleeds after rejection $39,000

This week, Bitcoin price staged another recovery mission, extending the gains from support at $33,000 to highs around $39,000. Investors anticipated a break above $40,000,...

Jun 03 2021

Bitcoin Price Prediction: BTC signals freefall to $27,000; here are the levels to watch

Bitcoin is relatively in a no-trade zone at the time of writing. The sideways trading has seen the cryptocurrency dance around $37,000 for several days. Price actions toward $40,000 have diminished, while the immediate support at...

Jun 01 2021

Bitcoin Price Prediction: BTC imminent drop to $24,000 could soon gain traction

Bitcoin recently tested support at $33,500 following another rejection from $40,000. The largest...

May 28 2021

May 26 2021

Bitcoin Price Forecast: BTC needs to break $40,000 to validate the uptrend toward $50,000

Bitcoin has proved to investors that it can come out of the ditch it fell into last week by gaining considerable ground to $40,000. However, increasing skepticism in the market limits...

May 24 2021

Bitcoin Price Prediction: BTC recovery toward $40,000 begins amidst mounting investor skepticism

Bitcoin approached $30,000 again after failing to confirm last week's break above $40,000. The weekend session has been another...

May 21 2021

Bitcoin Price Prediction: BTC wobbles to $40,000, but weak technical levels delay upswing to $50,000

Bitcoin price is pivotal at $40,000, whereby bulls lack the momentum to extend the gains to $50,000 and barricade the downside, eliminating all bearish threats. The 40% recovery from the support at $30,500 fizzled out at $43,000, marking the most...

May 20 2021

Bitcoin Price Forecast: Bearish showdown plunges BTC to $35,000, but recovery seems imminent

Bitcoin bears continued with the display of muscle strength on Wednesday, leading to losses under $40,000. The...

May 19 2021

Bitcoin Price Analysis: Bloodshed as BTC tumbles to $40,000, where to next?

Bitcoin is in more turmoil after losing ground above $45,000 and extending the losses below last week’s formidable support at $42,000. The...

May 17 2021

Bitcoin Price Forecast: BTC dumps to $42,000, but Tom Lee makes a massive $125,000 prediction

The instability in the cryptocurrency market last week continued throughout the weekend. A brief break above $50,000 was unsustainable, leading to another breakdown. Moreover, support at $46,000 did little to stop the massive losses;...

May 14 2021

May 13 2021

Bitcoin Price Analysis: Tesla’s unforeseen rejection of BTC payments triggers sharp freefall

Tesla, the largest manufacturer of electric vehicles, has announced that it will no longer...

May 11 2021

Bitcoin Price Prediction: BTC could revisit $50,000 as the technical picture weakens

Bitcoin has recently closed the gap toward $60,000. However, a monthly high formed at $59,612 cut short the bullish advances. Perhaps due to exhaustion in the bullish camp, a correction came to the picture. The retreat occurred in...

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...

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