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Tag Archives: BTC Analysis

Crypto Price Analysis & Overview May 7th: Bitcoin, Ethereum, Ripple, Cardano, and Litecoin

Altcoins continue to outperform bitcoin’s price and this week was no exception. One of the biggest winners over the past seven days was Litecoin, up more than 40%. Here’s how some other top coins performed and what to look forward to. Bitcoin Bitcoin is up by a total of 5.5% this week as it battles with $56,500 in an attempt to climb over the 50-days MA. It has struggled to surge above $58,000 so far in May as it fails to break above a short-term descending trend line. On...

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Bitcoin Price Analysis: BTC Struggles at a Critical Support Level

Today, bitcoin dropped by a sharp 4.8% and reached as low as $54,650. However, the cryptocurrency is back trading at around $56,000 as it found solid support at the 20-day MA which allowed it to rebound. A quick recap: Bitcoin’s price decreased to as low as $47,000 (.5 Fib) over the past two weeks but it has since recovered a lot of the losses. As can be seen on the short-term charts, BTC was trading inside an ascending price channel over the week as it reached the February...

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Bitcoin Price Analysis: BTC Now Retests Critical Support Line, Will The Uptrend Continue?

Yesterday, bitcoin surged by an impressive 9% from daily low to daily high, surpassing the $58k mark. This continues the ongoing bullish week for BTC. Just six days ago, on Sunday, bitcoin price plunged to as low as $47k. Yesterday’s spike allowed bitcoin to climb back above the significant 50-day moving average line, after spending 11 days beneath it. Before this, bitcoin hadn’t seen a daily close beneath the 50-days MA since October 2020. As a quick recap, BTC broke below...

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Crypto Price Analysis & Overview April 30th: Bitcoin, Ethereum, Ripple, Binance Coin, and Cardano

The crypto market recovered this week, but bitcoin seems unable to catch up with the momentum that alts are currently getting. This is perfectly visible in the below chart, showing that large-cap altcoins outperformed it, dollar-wise, substantially. Bitcoin Bitcoin saw a small 5.4% price hike over the past seven days as it currently sits around $54,300. It found support at $47,000 (.5 Fib) on Sunday and rebounded from there to close the daily candle around $49,000. On...

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Bitcoin Price Analysis: Is BTC Back Bullish After Touching Long-Term Support From March 2020?

Bitcoin price starts this new week with a strong 8% rebound, as it soars back above the $50k mark. The primary cryptocurrency dropped from $60,000 last Sunday, and it collapsed beneath the 50-days MA level through the week. It continued to decline beneath $50,000 to reach as low as $47,000 (.5 Fib) yesterday, shortly before the quick bullish bounce. The large wick, as can be seen on yesterday’s daily candle, is a very strong signal that the bull run might still be alive,...

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Crypto Price Analysis & Overview April 23rd: Bitcoin, Ethereum, Ripple, Cardano, and Solana

It was a red week all over the cryptocurrency market. Almost everything, with a few exceptions, declined substantially as the total market cap slipped below $2 trillion. Bitcoin Bitcoin saw a turbulent week in which the price dropped by a steep 20% to break beneath $50,000 and reach as low as $47,500 today. The cryptocurrency fell beneath $60,000 at the start of the week as it saw a large spike lower in which it dropped to the $51,440 support (.618 Fib). It managed to...

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Bitcoin Price Analysis: Worrying Sign as BTC Trades Below MA-50 for the First Time in 6 Months

Bitcoin continues to struggle after getting rejected retesting the critical 50-days moving average (MA) line yesterday. Unless BTC closes above $56,900, which now seems far away, we are going to witness the first full candle body or trading day below the significant level for the first time since October 7, 2020. Quick recap: During the steep price drop on Sunday, bitcoin had penetrated beneath the 50-days MA to reach as low as $51,400, where it found support at a .618 Fib...

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Bitcoin Price Analysis: Did BTC Just Lose Major Key Support Before Further Plunge?

After a volatile day with some hope for the bulls, bitcoin remains in the red territory following a minor 1.5% price decrease today as the cryptocurrency battles for the critical support level at the 50-day moving average line. The latter now lies exactly where today’s highest trading price of $56,850 (Bitstamp) was. Quick recap: BTC price had experienced a sharp 14% collapse on Sunday, causing it to drop into support near $51,440 (.618 Fib), losing $9k in a matter of hours...

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Bitcoin Price Analysis: BTC Finds Support at 50-Day MA But Will It Hold?

Bitcoin continues to recover from the tumble it suffered during the weekend. As of now, the BTC price is up by 3% today, following the 14% devastating crash seen on Sunday. Yesterday, Bitcoin slipped from the $60k price area as it dropped to reach as low as $51,440. There, it found support at the .618 Fib Retracement level and managed to rebound, trading between $54k – $55k during most of the day. By the end of the day, Bitcoin managed to recover to $56,280, where it found...

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Sunday’s Crypto Price Analysis: Bitcoin (BTC), Ethereum (ETH), Ripple (XRP)

Bitcoin (BTC) Price Analysis Bitcoin collapsed by almost 15% from today’s $60,000 opening price, reaching as low as $51,540 (as of now). The cryptocurrency had set a new all-time high price earlier in the week at $64,895 but failed to produce a daily closing candle above significant resistance at $63,760. Together with the bearish divergence that spotted on the 4-hour timeframe, and fundamental rumors and FUD, this resulted in one of the ugliest drops ever. In a matter of...

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