Bitcoin Price Watch: BTC At Risk of Sharp Decline, Could Retest $3,400

Bitcoin price failed to recover above the $3,650 resistance and declined recently against the US Dollar. There was a break below a major contracting triangle with support at $3,590 on the hourly chart of the BTC/USD pair (data feed from Kraken). The price is currently trading in a bearish zone and it may accelerate losses to $3,500 and $3,400. Bitcoin price is under selling pressure below $3,650 against the US Dollar. There are high chances of more losses in BTC below $3,500 and $3,450 in the near term. Bitcoin Price…

Bitcoin Price Watch: BTC Approaching Next Significant Break

Bitcoin price is consolidating losses above the $3,560 support area against the US Dollar. There is a short term contracting triangle formed with resistance at $3,625 on the hourly chart of the BTC/USD pair (data feed from Kraken). The price may soon make the next move either above $3,650 or below $3,540 in the near term. Bitcoin price is preparing for the next key break above $3,650 against the US Dollar. A close above $3,650 could trigger bullish moves towards $3,720 and $3,800. Bitcoin Price Analysis After trading above the…

Bitcoin Price Watch: Choppy Price Action Could Lead BTC Higher

Bitcoin price found support near $3,400 and later recovered above $3,660 against the US Dollar. There was a break above a key bearish trend line with resistance at $3,560 on the hourly chart of the BTC/USD pair (data feed from Kraken). The price is currently consolidating above $3,600 and it could dip towards the $3,560 support. Bitcoin price recovered nicely above $3,500 and $3,600 against the US Dollar. However, the current price action is choppy, suggesting swing moves in BTC above $3,560. Bitcoin Price Analysis Recently, we saw a major…

Bitcoin Price Watch: BTC’s Recovery Facing Significant Hurdles

Bitcoin price declined below the $3,550 support and tested the $3,380 level against the US Dollar. There was a break below a major bullish trend line with support at $3,590 on the hourly chart of the BTC/USD pair (data feed from Kraken). The price is currently recovering, but it could face strong resistances near $3,550. $3,580 and $3,640. Bitcoin price extended losses below the $3,600 support against the US Dollar. BTC may recover in the short term, but upsides are likely to be capped by $3,600-3,650. Bitcoin Price Analysis In…

Bitcoin Price Watch: BTC Turned Sell On Rallies Below $3,800

Bitcoin price failed to rally above $4,080 and declined heavily below $3,800 against the US Dollar. There was a break below a key bullish trend line with support at $4,000 on the hourly chart of the BTC/USD pair (data feed from Kraken). The price tested the $3,550 support and it is currently consolidating losses above $3,600. Bitcoin price made a sharp bearish turn below $4,000 and $3,800 against the US Dollar. BTC is now in a bearish zone and rallies near $3,800 could face a strong selling interest. Bitcoin Price…

Bitcoin Price Watch: BTC Likely Preparing For Bullish Ride

Bitcoin price is placed nicely above the $3,965 and $3,980 support levels against the US Dollar. There is a short term triangle forming with resistance at $4,045 on the hourly chart of the BTC/USD pair (data feed from Kraken). The price may continue to move higher towards $4,250 if there is a clear break above $4,080. Bitcoin price is gaining bullish momentum above $4,000 against the US Dollar. BTC remains supported on dips and it may soon climb above the $4,150 and $4,200 resistances. Bitcoin Price Analysis Yesterday, we discussed…

From Bitcoin to Brexit, Here’s What Investors Need to Watch for in 2019

Is it possible that the US Federal Reserve’s decision to tighten its balance sheet contributed to bitcoin and the wider cryptocurrency market losing steam in 2018? If so, what should crypto investors expect from the independently-run central bank in the future? Mati Greenspan, the senior market analyst at trading platform eToro, explored these and other questions in a wide-ranging webinar session on Tuesday. Fed’s Balance Sheet Reduction May Have Shaken Bitcoin Speaking on how even diverse asset classes can show correlation, Greenspan said that the Fed’s ongoing quantitative tightening program…

Bitcoin Price Watch: BTC Buyers Not Out of Woods Yet

Bitcoin price remained well bid near the $3,980 and $3,940 supports against the US Dollar. Yesterday’s highlighted key bullish trend line is intact with support at $3,990 on the hourly chart of the BTC/USD pair (data feed from Kraken). The price may dip a few points towards $3,950 before making another attempt to clear $4,100. Bitcoin price traded to a new weekly high above $4,100 against the US Dollar. BTC is correcting lower, but dips remain supported above $3,940 in the near term. Bitcoin Price Analysis Yesterday, we discussed about…

Bitcoin Price Watch: BTC Dips Remain Supported Above $3,860

Bitcoin price started a downside correction after trading above $4,080 against the US Dollar. There is a major bullish trend line formed with support at $3,940 on the hourly chart of the BTC/USD pair (data feed from Kraken). The price is likely to find bids near $3,940 and $3,900 for a fresh upward move in the near term. Bitcoin price corrected lower below $4,000 against the US Dollar. BTC is now trading above the $3,940 and $3,900 support levels and it could bounce back. Bitcoin Price Analysis Yesterday, we saw…

Bitcoin Price Watch: BTC Breaks $4K, More Gains Possible

Bitcoin price finally broke the $4,000 barrier and traded towards $4,100 against the US Dollar. There was a break above a major bearish trend line with resistance at $3,830 on the hourly chart of the BTC/USD pair (data feed from Kraken). The price is currently consolidating gains and dips towards $4,000 and $3,920 remain supported. Bitcoin price gained bullish momentum and cleared $4,000 against the US Dollar. BTC could correct a few points, but it is likely to resume uptrend above $4,100. Bitcoin Price Analysis Recently, we discussed about a…