Tag Archives: BTC Analysis

Bitcoin price continues to remain inside the bullish ascending triangle, despite several attempts from bearish traders in the last three days to break through the pattern’s vital up-trending support.On the 4-Hour BTC/USD chart, we can see that bulls have successfully eaten up all 6 of the candles that wicked down beneath the support, but have so far been unable to break back above $11,600.Now, the price action appears to be pushing sideways while both bulls and bears recover.Looking across to...

Bitcoin’s price is now sharply correcting after failing to close above the psychological $12,000 yesterday.In the last 24hrs, $14 billion has been withdrawn from the market as traders react to the double top that’s now appeared on the 4-hour chart. Bitcoin reached $12,100 yesterday and nine days ago, on August 2nd.As of writing these lines, Bitcoin marks $11,270 as the current daily low, while yesterday’s high was roughly at $12,100. Almost $900 price decline.All eyes will now be on the...

Bitcoin price continues to breathe the highs, as the coin is currently trading slightly below $12K, following a few days of consolidation between $11,600 and $11,800.However, over the recent hours, we saw Bitcoin’s second attempt to breach the $12,100 resistance, which is the 2020 high from a week ago (August 2nd).Despite a decent price surge, Bitcoin couldn’t hold more than several hours above the $12K prefix and tumbled to $11,500 before recovering slightly, as of writing these lines.The...

The past week was incredible for Bitcoin. During the previous weekend, the primary cryptocurrency saw its price touching above $12K and dumping to $10,500. A loss of $1600 in a matter of minutes.However, throughout the past week, the price slowly recovered towards the $12K mark once again. On Thursday, when it seemed that a new 2020 record is coming up, we warned here following a second failure to break the $12,000 resistance mark.Yesterday Bitcoin plunged to as low as $11,200 (prior...

BitcoinBitcoin saw a 5% price rise this week as it reached the $11,750 level. The cryptocurrency started the week at the $11,400 level as it pushed higher into $12,095 on August 2nd. From there, Bitcoin experienced some major volatility as it dropped by $1,400 in just a few minutes to fall into the $10,575 (.5 Fib Retracement) level.Bitcoin rebounded from there and started to grind higher again over the week as it reached the $11,750 level today.Looking ahead, if the buyers push higher, the...

Bitcoin bulls look pretty tired right now. The leading cryptocurrency has printed the first lower high since July 21 and is currently stalling around the 0.786 Fibonacci level (white lines) at $11,743.We’ve also seen $4 billion exit the market in the last ten hours, which seems to suggest that some traders are cashing out of the bull run.Is this an early warning that the bull run is ending?Bitcoin Price Levels to Watch in the Short-termOn the daily BTC/USD chart, we can see that the whale...

We have now entered into Bitcoin’s worst month in terms of historical performance. On average, the leading crypto crashes 14% during the month of August.That being said, BTC price action appears to be falling in a bullish reversal pattern that suggests a spike to $12,000. And this could happen very soon. The mentioned pattern is formed from Whale trader manipulation designed to shake out weak hands, before the price quickly retraces back to its former high.Let’s look into it in more...

The past ten days, which were the last days of July, were a blessing for the price of Bitcoin.Right after breaking out above the blue-marked trend line at $9200 on July 21st, Bitcoin started to fire its engines, and yesterday – following ten magic days – BTC price recorded a fresh 2020 high above $12,100. An incredible 31% increase.And then it came: Immediately after recording the new high, we got the first significant correction since the 2020 parabolic run had started. And what a correction...

Today is the first day of August, and this means that a few hours ago, the monthly candle of July closed.A surprising fact is that only once in its history, Bitcoin had recorded a monthly close higher than yesterday’s – and that was during December 2017 – the peak of the bubble.After two months of dull price action, while Bitcoin was mostly traded at around $9200, there came the breakout. And what a breakout it was.Looking at the following weekly chart, we can clearly see that the current...

$7 billion has exited from the global crypto market in the last 12 hours, leaving a vast majority of token projects, including Bitcoin, in the red today.Right now, the total market capital stands at around $330 billion, according to Coingecko data. During the early Asian trading session this morning, there was an exodus of $5 billion in less than an hour, but it’s still uncertain why this drop has occurred.Is this an early sign that bitcoin sentiment is turning bearish?Bitcoin...