Tag: bitcoin technical analysis

Bitcoin (BTC) Price Watch: Could This Be a Reversal Pattern?

Bitcoin Price Key HighlightsBitcoin cost seems to be forming a reverse head and shoulders pattern on its own 1-hour time period. This is regarded as a classic change signal and when verified, cost could pull up out of its earlier fall. Technical signs will also be reflecting the existence of bullish momentum. Bitcoin cost may […]

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Bitcoin Price Watch: What Does BTC/USD’s Failure Near $6,600 Indicate?

Key PointsBitcoin worth jumped above the $6,400 and $6,550 resistance ranges, however failed to carry features towards the US Dollar.There is a significant bullish development line in place with assist at $6,240 on the hourly chart of the BTC/USD pair (information feed from Kraken).The pair clearly made a failed try to interrupt the $6,550 and […]

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Bitcoin Price Watch: BTC/USD’s Rebound Above $6,350 is Real?

Key PointsBitcoin cost recovered well after trading as low as $5,894 and proceeded over $6, respectively 200 from the US Dollar. There is a brand new linking bullish trend line forming with service in $6,180 about the hourly chart of this BTC/USD set (data feed from Kraken). The pair may reevaluate the $6,550 resistance zone […]

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Bitcoin Price Watch: BTC/USD Could Rebound Above $6,500

Key PointsBitcoin value discovered assist close to the $5,970-6,000 space and recovered properly towards the US Dollar.There is a significant contracting triangle forming with resistance close to $6,480 on the hourly chart of the BTC/USD pair (knowledge feed from Kraken).The pair should break the $6,480 and $6,570 resistance ranges to realize upside momentum within the […]

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Bitcoin (BTC) Price Watch: Still Waiting for Directional Clues

Bitcoin Price Key HighlightsBitcoin value is trending under a short-term descending pattern line because it hovers on the long-term flooring.Traders are seemingly ready for the subsequent catalysts to determine which path the breakout may take.Technical indicators seem like suggesting a slowdown in bullish momentum quickly.Bitcoin value continues to be trending decrease on the short-term timeframe […]

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