Tag: bitcoin technical analysis

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...

Oct 05 2020

Bitcoin Technical Analysis: BTC/USD Poised For Recovery Above $11,000

Bitcoin nurtures an uptrend after building on the support at $10,400 over the weekend. The pioneer cryptocurrency looks forward to a symmetrical triangle breakout, targeting levels past $11,000. Bitcoin is on its way to...

Oct 02 2020

Bitcoin Update – Stopped On The Way To $11,200 By The BitMex FUD!

The Bitcoin price reached $11,000, missing our $11,200 target by less than 2%. The sudden sell off yesterday came as a result of the BitMex FUD, fostering insecurity in investors. An additional albeit smaller sell off came this morning as a result of Donald Trump testing positively for COVID-19....

Sep 25 2020

Bitcoin Technical Analysis: BTC Retreat Imminent After Hitting Barrier At $10,800

Bitcoins bullish momentum loses steam on encountering the 50-day EMA resistance. Declines linger as long as BTC cannot climb above the 50% Fibonacci level. Bitcoin explored levels in the key support range between $10,000 and $10,200 earlier this week. The last few days have been used by the bulls to correct the retracement from the The post Bitcoin Technical Analysis: BTC Retreat Imminent...

Sep 23 2020

Bitcoin Price Prediction: BTC Upward Momentum Stalls Under $10,600 But Bulls Eye $11,000

Bitcoin bounces off support at $10,100 but hits a barrier at $10,600, delaying the uptrend. The number of new addresses joining the network is rising amid speculation that Bitcoin will soon hit $11,000. The flagship...

Sep 21 2020

Bitcoin Price Analysis: BTC Facing The Ultimate Make Or Break Level Of $11,000

Bitcoin price is pivotal between the 50-day SMA and $11,000, suggesting possibilities of consolidation taking over. The impact of an ascending wedge is kept at by the 50-day support, breakdown back to $10,000 is still in the...

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