Bitcoin price is only at $37,500 — a far cry from former all-time highs around $68,000. However, one visual technical analysis tool could show that overhead resistance is weak, and that the top cryptocurrency could rip right through what’s left. Could BTCUSD be back at all-time highs faster than most are ready for? Bitcoin Price…
Bitcoin price started a fresh increase above the $37,000 resistance zone. BTC could accelerate higher once there is a clear move above the $37,350 resistance. Bitcoin started a fresh increase from the $35,500 support zone. The price is trading above $36,700 and the 100 hourly Simple moving average. There is a key bullish trend line…
Bitcoin recently gave a bearish signal, which ultimately failed to produce a meaningful pullback. Due to the technical failure, historical data suggests that in only a matter of a month BTCUSD could set a new all-time high and reach a target of $85K per coin. Here’s why. Why Failed Bearish Technicals Produce Bullish Breakouts In…
Bitcoin price again failed to clear the $38,000 resistance zone. BTC is likely forming a double top and might decline toward the $34,500 support. Bitcoin started a fresh decline from the $38,000 resistance zone. The price is trading below $36,750 and the 100 hourly Simple moving average. There is a connecting bullish trend line forming…
Those burned by the last big Bitcoin bull run are rightfully skeptical that another one is here so soon. However, a trend strength indicator is now confirming the existence of a new bullish trend emerging. Are bulls finally back in control over crypto? Sidelined investors and traders will want to pay attention. How Technicals Could…
Bitcoin price restarted its increase from the $34,650 support. BTC is up over 5% and now attempting a move above the $38,000 resistance zone. Bitcoin started a fresh rally from the $34,650 support zone. The price is trading above $36,500 and the 100 hourly Simple moving average. There was a break above a major bearish…
Bitcoin price declined below the $36,000 zone. BTC tested the $34,650 support zone and is currently consolidating losses near $35,500. Bitcoin declined heavily after the US CPI declined more than expected. The price is trading below $36,500 and the 100 hourly Simple moving average. There is a key bearish trend line forming with resistance near…
Bitcoin price is consolidating gains below the $37,000 zone. BTC could gain bullish momentum if there is a close above the $36,800 and $37,000 levels. Bitcoin is holding gains above the $36,000 support zone. The price is trading below $37,000 and the 100 hourly Simple moving average. There is a key bearish trend line forming…
Bitcoin price is correcting gains from the $38,000 zone. BTC is now consolidating and might aim for more upsides above the $37,250 resistance zone. Bitcoin started a downside correction from the $38,000 resistance zone. The price is trading near $37,000 and the 100 hourly Simple moving average. There is a short-term declining channel forming with…
Bitcoin price rallied further above the $37,200 resistance zone. BTC is now consolidating and might aim for more upsides above the $37,600 resistance zone. Bitcoin started a strong increase above the $37,200 resistance zone. The price is trading above $36,200 and the 100 hourly Simple moving average. There is a major bullish trend line forming…