Tag: bitcoin technical analysis
Bitcoin Price Analysis: BTC/USD Aiming Lower
Bitcoin still seems to be stuck in consolidation for now in what appears to be a bearish flag formation after the recent slide. In that…
Bitcoin Price Analysis: BTC/USD Approaching Key Support Again
Bitcoin price was once again rejected on a test of resistance, so it’s now making its way back down to support at $5,800. This might…
Bitcoin Price Analysis: BTC/USD Bearish Divergence at Wedge Top
Bitcoin has climbed enough to reach the top of its falling wedge pattern visible on the daily time frame. Sellers might be ready to return…
Bitcoin Price Analysis: BTC/USD Ready to Break Higher?
Bitcoin is still stuck inside its rising wedge pattern on the short-term time frames but is making another attempt to break out. Price has been…
Bitcoin Price Analysis: BTC/USD Classic Correction Setup
Bitcoin continues to climb inside its ascending channel visible on short-term time frames, indicating that bulls are slowly gaining traction. However, Bitcoin price is hitting the…
Bitcoin Price Analysis: BTC/USD in Bullish Correction Mode
Bitcoin recently busted through the near-term resistance at the $6,500 to $6,600 levels to signal that buyers are gaining traction. Price is also moving above…
Bitcoin Price Analysis: BTC/USD Ceiling Holds, Back to the Floor?
Bitcoin was once again rejected on a test of an area of interest visible on the 4-hour time frame. Price could fall back to the…
Bitcoin Price Analysis: Potential Reversal Formation
Bitcoin could be done with its downtrend as it forms a classic reversal pattern on its 1-hour time frame. Price is completing the right side…
Bitcoin Price Analysis: BTC/USD Looking at Upside Targets?
Bitcoin was able to break past a short-term descending trend line to signal that a reversal from the downtrend is in order. Price is pulling…
