Bitcoin Price Key Highlights Bitcoin price tumbled down to the bottom of its long-term triangle but bulls keep buying on dips. Support continues to hold so another test of the resistance at $6,600 could take place. Technical indicators, however, are giving mixed signals on whether support might keep holding or not. Bitcoin price has bounced…
Bitcoin Price Key Highlights Bitcoin price has formed lower highs and higher lows on its 1-hour chart to trade inside a symmetrical triangle. Price is currently testing the bottom of the triangle and might be due for a bounce back to the top around $6,700. Price is nearing the end of its triangle pattern and…
Bitcoin Price Key Highlights Bitcoin price recently formed lower highs and found support at $6,100 to create a descending triangle. Price was rejected on its test of resistance, but bulls seem ready for another attempt to break higher. Bitcoin is forming a short-term ascending channel and is currently testing support. Bitcoin price bounced off its…
Key Points Bitcoin price declined recently and broke the $6,450 and $6,400 support levels against the US Dollar. There was a break below a major bullish trend line with support at $6,440 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair may perhaps continue to move down towards the $6,120…
Bitcoin Price Key Highlights Bitcoin price appears to be gaining some traction off its recent bounce, possibly forming another double bottom. This is a classic reversal formation, so a rally could be due once price breaks past the $7,400 neckline. Technical indicators, however, are suggesting that the selloff might still resume. Bitcoin price might be…
Key Points Bitcoin price traded further higher above the $6,450 and $6,510 resistances against the US Dollar. There is a short term ascending channel in place with support at $6,505 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair is likely forming a double top pattern near the $6,600 resistance.…
Key Points Bitcoin price climbed higher and broke the $6,320 and $6,380 resistance levels against the US Dollar. There was a break above a major contracting triangle with resistance at $6,330 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair is currently correcting lower and the previous resistance at $6,320…