Since its third major surge of the now two month old Bitcoin rally, the king of crypto has held on to all of its gains. Support and resistance zones have shifted to new higher levels and the chart, when zoomed out, looks unnaturally parabolic, remnant of the December 2017 one. Bitcoin Bull Flag A descending…
Bitcoin price topped near the $8,950 level and recently corrected lower against the US Dollar. The price declined below the $8,700 and $8,620 support levels to enter a short term bearish zone. There is a major bullish trend line forming with support near $8,300 on the hourly chart of the BTC/USD pair (data feed from…
It’s now abundantly clear that Bitcoin and the aggregated crypto markets are in a firm uptrend, with BTC and other major cryptos posting consistent gains on a weekly basis, with each minor pullback only acting as fuel for further gains. Bitcoin has further established that it is in a firm uptrend this past weekend when…
Bitcoin price rallied recently above the $8,300 and $8,650 resistance levels against the US Dollar. The price traded to a new 2019 high at $8,952 and it is currently consolidating gains. There is a key bullish flag pattern forming with resistance near $8,860 on the hourly chart of the BTC/USD pair (data feed from Kraken).…
The total crypto market cap is currently placed nicely above the $260.0B support area. Bitcoin price remains in a strong uptrend and it recently spiked towards $9,000. EOS price surged more than 15% and tested the key $8.00 resistance area. Bitcoin cash price is currently trading in a range below the $445 and $450 resistance…
A few hours ago Bitcoin blasted through resistance again to record a new high for 2019. Crypto markets are on fire this Monday morning as total capitalization hits its highest level since July 2018. Is BTC poised to touch five figures again this week? Bitcoin Surges to 12 month High According to Tradingview Bitcoin touched…
Bitcoin price gained a strong bullish momentum and broke the key $8,300 resistance against the US Dollar. The price surged more than 10% and broke the $8,500 and $8,800 resistance levels. There was a break above a major triangle resistance near $8,020 on the hourly chart of the BTC/USD pair (data feed from Kraken). The…
Despite incurring some upwards momentum over the past couple of days, Bitcoin has continued to struggle to break above its current resistance levels that exist in the lower $8,000 region, and its lack of buying pressure could signal that further downwards pressure is imminent. Analysts are now closely watching a relatively tight range between $8,200…
There is a strong resistance forming for bitcoin near the 8,200-8,300 area against the US Dollar. The price is placed nicely above the $7,840 and $7,600 support levels. There is a crucial contracting triangle forming with resistance near $8,200 on the 4-hours chart of the BTC/USD pair (data feed from Kraken). The pair is likely…
Bitcoin up 9.5 percent High transaction fees will lead to financial exclusion In Jeff Garzik’s deduction, high Bitcoin fees, despite Lightning Network development, will, in the long run, slow down adoption. Meanwhile, Bitcoin is up 9.5 percent from last week’s close trading above $8,000. Bitcoin Price Analysis Fundamentals Jeff Garzik is one of Satoshi’s early…