Bitcoin just got a boost from the 3-day tf crossing up. Right now it's pushing against resistance at the 200 ma on the 6-hour tf.
Bitcoin price recovery above $6,500 could boost fresh gains towards $7,000. BTC/USD is technically ready to take on the resistance at $6,500 but low trading volume still limits gains. Bitcoin price led recovery across the market on Monday following a remarkable surge above the key $6,000 level. On reclaiming the support at $6,200, the bulls cemented their...
Ripple price weekend losses take a breather at $0.1625 as a bullish reversal aims for levels above $0.1700. XRP/USD is technically and fundamentally ready to take on the resistance at $0.2000 but extreme volatility could push XRP back to $0.1400. Ripple price is in the middle of a recovery mission as the European session takes over from the Asian session. The...
Bitcoin price upside capped under two critical zones; $6.850 and $7,000. The technical picture shows BTC/USD bulls largely in control they prepare for takeoff above $7,000. Many cryptocurrency analysts and enthusiasts do not buy the idea that Bitcoin has bottomed and is setting the stage for a grand rally to beat 2020 high around $10,500. Their skepticism is...
Bitcoin revives the bullish momentum on breaking above $10,200 resistance. Bitcoin enjoys the bullish action but a rising wedge pattern threatens to force a reversal in the near term. Bitcoin is logging form new 2020 highs following a compelling return above $10,000. The largest cryptocurrency price is setting the pace for the altcoins as it busks in the...
Bitcoin retreat to $9,600 could be the key to the next rally above $10,000. Increased selling activity between $9,800 and $10,000 must be tackled head-on to pave the way for gains towards $10,200. Bitcoin is in retreat after failing to break above the resistance at $10,200 during the weekend session. Besides, the bulls could not keep holding onto the support...
Bitcoin revives the uptrend teasing further action towards $11,000. Price pullbacks become a part of Bitcoin’s recovery tactic in 2020. Bitcoin is majestically trading above the critical $10,000 level following what has come to be known as a successful weekend session. A slight dip on Friday saw Bitcoin test $9,700 support. However, a reversal from the...
I was just playing around. I suppose it will not happen this way, but if we do follow this trajectory and never break the 10 SMA on the 3D time frame we should hit the new all time high price of BTC by June.
I think I am redoing similar work, but I see symmetrical triangle (yellow) for a bullish overall next year, but descending in the medium term indication bearishness after halvening
Bitcoin buyers attempt to push above $9,600 towards $10,000 fails. The ranging movement is likely to result in more downward movements towards $8,000. Bitcoin recently made an attempt to push for more gains but hit a snag slightly above $9,600. The main target for the past two weeks has been the $10,000 resistance. However, Bitcoin's price got interested in a...
Bitcoin smashed past the resistance at $9,600 over the weekend but remained majorly range bound. Bitcoin prevailing sideways trading is likely to last longer based on technical levels. Bitcoin price for the first time since November hit highs above $9,600 during the just-concluded weekend session. However, the weekend session was also dominated by...
Bitcoin price is stuck below a prominent resistance at $9,500 and prominent support at $9,400. Bitcoin is still in danger of breaking down to $8,000 especially with the formation of a rising wedge pattern. Bitcoin price is stuck between two key zones; the stubborn resistance at $9,500 and the prominent support recently established at $9,400. The largest...
Assuming this mini trend stays positive, next "take profit" target is 9564.
Bitcoin's chances of testing and breaking above $9,400 sabotaged by the rejection at $9,433. The formation of a bullish flag pattern is a key indicator that a bullish reversal is in the offing. Bitcoin is faced with increased selling activity after the recovery that achieved a new January peak at $9,433. The desire to test and break the critical hurdle...
Bitcoin gains break $9,400 resistance for the first time in 2020. The tug of war between the bulls and the bears catches momentum following a dive under $9,400. Bitcoin price has corrected higher from $9,397 (opening value) on Wednesday to $9,431 (intraday high). The bullish strength emanates from the brief surge during the American session on Tuesday. For...
Bitcoin jumps above $9,000, scattering the last of the bearish camps. Technical levels have aligned for the rally to $10,000 but Bitcoin must break the resistance at $9,200. Bitcoin has reclaimed the support above $9,000 after smashing through the resistances I highlighted yesterday at $8,700, and $8,800. It is clear that Bitcoin bulls intend to finish the...
Bitcoin reruns into the bearish phase as the downtrend targets $8,000. Ascending channel support and $8,300 are likely to hold Bitcoin declines in the European session. Bitcoin has continued with a downtrend since the week began. Losses after losses have been made where the bearish pressure has forced its way thought several key support areas including...
Bitcoin price quickly reclaims ascending channel support in a bid to break $8,800 resistance. The support at $8,500 has proved to be essential to Bitcoin’s uptrend in the last few days. Bitcoin price is exchanging hands 0.20% lower on Wednesday towards the end of the Asian session. The trend has been mostly bearish since the opening. However, the American...