Tag: Bitcoin trading
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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…
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Bitcoin Price Analysis: BTC/USD Bears Return on Goldman Sachs
Bitcoin encountered a fresh wave of sellers on news that Goldman Sachs backed off its plans to launch a Bitcoin trading desk. According to a…
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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…
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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…
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Reserve Bank of India Reconsiders Its Ban on Bitcoin Trading
Indian government officials have traditionally taken a contrarian stance toward cryptocurrencies. Bitcoin is often scrutinized rather than appreciated. The Reserve Bank of India prohibited the…
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Bitcoin Price Analysis: BTC/USD Long-Term Reversal Underway?
Bitcoin appears to be gaining a bit more traction on its latest bounce, possibly creating a long-term double bottom pattern. This is seen as a…
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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…
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Bitcoin Price Analysis: BTC/USD Ready to Confirm Uptrend?
Bitcoin is still completing its inverse head and shoulders reversal pattern and is now testing the neckline. A break past the $6,600 level could be…
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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…
