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Posts published in “BTC/USD”

Bitcoin (BTC) Price Analysis: Bullish Correction Needed?

Bitcoin bulls are putting up a fight and defending the nearby support around the $4,050 minor psychological level. This lines up with the mid-channel area of interest on the 1-hour time frame and the 38.2% Fib retracement level. If this keeps holding as support, bitcoin…

Bitcoin (BTC) Price Analysis: Another Upside Breakout Attempt

Bitcoin is back to testing the top of the symmetrical triangle visible on the 4-hour chart, perhaps making another attempt to break higher and sustain an uptrend. A strong close above the $4,100 to $4,200 area could be enough to confirm that bulls have won…

Bitcoin (BTC) Price Analysis: Volatility Jumps But Still Directionless

Bitcoin spiked strongly in both directions over the past few hours as volatility ticked higher but failed to put price in a clear course. It is still trading within the symmetrical triangle consolidation previously highlighted but might be showing some upside. The 100 SMA is…

Bitcoin (BTC) Price Analysis: Near-Term Upside Targets

Bitcoin is bouncing off a short-term area of interest visible on the 1-hour time frame. This could keep it on track towards testing the next upside targets marked by the Fibonacci extension tool. Price is closing in on the 38.2% level at the $4,000 major…

Bitcoin (BTC) Price Analysis: Bears Defend Resistance Again

Bitcoin has formed lower highs and higher lows to trade inside a symmetrical triangle pattern on the daily time frame. Price has once again been rejected at the triangle resistance, so it might be setting its sights back on support. The 100 SMA is below…

Bitcoin (BTC) Price Analysis: Buyers to Defend Channel Floor?

Bitcoin is still trending higher as it forms higher lows and higher highs inside an ascending channel. Price is still hovering close to support, though, so traders might be deciding on a bounce or a break. A bounce could take bitcoin back to the channel…

Bitcoin [BTC] Price Analysis: Bears lying in wait as bulls march on

Bitcoin, the largest cryptocurrency in the world, was affected by the recent tussle between the bull and the bear. However, BTC did not see any major changes in its price. At press time, BTC was valued at $3,925.10 with a market cap of $68.9 billion.…

Bitcoin (BTC) Price Analysis: Another Attempt at Neckline Break?

Bitcoin might be making another attempt to confirm the long-term double bottom reversal pattern as it heads back to test the neckline resistance. A break higher could confirm that a climb of the same height as the chart formation might follow. The 100 SMA is…