Tag Archives: BTC Analysis

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...

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...

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...

This week was quite bullish for the entire cryptocurrency market. Bitcoin charted a fresh all-time high and so did a lot of other cryptocurrencies. Altcoin season is booming as the BTC dominance continues to decline. Bitcoin Bitcoin saw a 4.2% price hike this week as the coin currency sits at around $60,500. BTC had surged higher throughout the week and set a new ATH at around $65,000 on Wednesday. Unfortunately, it could not close a daily candle above resistance at $63,766...

The parabolic run of bitcoin does not stop. As we reach Coinbase listing day, the primary cryptocurrency climbed higher to set a new all-time high at $64,895, according to BItstamp. This happened earlier today. As of writing these lines, bitcoin retraced a bit. BTC managed to penetrate above $60,000 yesterday and closed the daily candle above the level for the first time since mid-March – the time of the previous ATH was set (~$61.8k). As mentioned above, and since setting...

Bitcoin climbed by almost 5% so far only today, allowing the cryptocurrency to break the previous ATH at $61,781 and set a new one surpassing $63k, as of writing these lines. This breakout comes exactly one month after setting the previous all-time high on March 13, 2021. Before surging to the new peak today, bitcoin struggled to produce a daily closing candle above $60,000 in April. It had dropped as low as $55,400 toward the end of last week as it started to recover from...

Bitcoin is up by a strong 5% today as it finally surged past $60,000 for the first time in April. After breaking that level, it went on to reach today’s high at $61,222 (at the time of writing). The coin started the month by attempting to charge above $60,000 but failed in the first week. Ultimately, it managed, but this comes after 4-5 failed attempts over the past month. BTC was holding the 20-day EMA for the first few days of April but fell beneath there on Wednesday when...

Bitcoin Bitcoin moved sideways over the last week of trading as it sits at $58,500. At the start of the week, the cryptocurrency made multiple attempts to break the $60,000 level but failed on each attempt. It then went on to establish support at $57,000. However, this support was penetrated on Wednesday as BTC plummeted as low as $55,440. Luckily, the buyers regrouped at this low and managed to allow BTC to rebound above $58,000 yesterday. Today, BTC continued higher to...

Bitcoin fell by a sharp 4% so far today as it dropped as low as $55,600. The cryptocurrency had started the month with another attempt to breach the $60,000 benchmark level. Unfortunately, it was unable to overcome this resistance through the week as it set a range between $60,000 and $57,000. Today’s price drop caused bitcoin to break beneath this range as mentioned above. As of writing these lines, and as seen on the following 4-hour chart, it is currently holding the...

Let’s start with some good news: despite dropping by 2.7% today, Bitcoin’s price is still up by 3% over the past week, as of writing these lines. A quick recap: the primary cryptocurrency started the month of April by attempting to push above the $60,000 level, this was the fourth attempt since March 18. Unfortunately, it got rejected once again, and over the past hours lost around $3500, reaching as low as $56.5k on Bitstamp. There, it met short-term support at the .382 Fib....