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Category: Bitcoin Price Analysis

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Bitcoin price uptrend to $65,000 decelerates amid potential bearish comeback

April 16, 2021 , , , , , , , , , , , , , , , , , , , , , , , , Eddy 0

Bitcoin recovery hit a barrier at $64,000, hindering movement to $65,000. The ascending parallel channel lower edge support is under tremendous pressure to give to bearish advances. Bitcoin has resumed the sluggish price action a day after hitting a new record high close to $65,000. The recent upswing occurred after Coinbase was directly listed on […]

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Bitcoin price rolls on the runway ready for takeoff to $70,000 as market cap nears $2 trillion

April 14, 2021 , , , , , , , , , , , , , , , , , , , , , , , , Eddy 0

Bitcoin crosses the $63,000 mark as uplift to $70,000 becomes apparent. The ascending parallel channel appears to have secured BTC’s uptrend. Closing the day under the channel’s middle boundary support could pave the way for correction. Bitcoin spurred action across the cryptocurrency market on making a confirmed break above $60,000. Moreover, lifting above the recent […]

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Bitcoin Price Forecast: BTC makes real break beyond $60,000 amidst calls for liftoff to $70,000

April 13, 2021 , , , , , , , , , , , , , , , , , , , , , , , , Eddy 0

Bitcoin uptrend bolstered above $60,000 as bulls eye new record highs beyond $62,000. Trading above the ascending channel’s middle boundary could catapult BTC toward $70,000. The MACD on the four-hour chart shows that sideways trading could dominate the upcoming sessions. Bitcoin has sustained price action above $60,000 since Monday. Over the last couple of weeks, […]

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Bitcoin Price Prediction: These two crucial levels could define BTC future

April 9, 2021 , , , , , , , , , , , , , , , , , , , , , , , , Eddy 0

Bitcoin’s upside capped by the 50 SMA on the four-hour chart, delaying upswing past $60,000. BTC’s short-term technical levels have started to improve, including the MACD. The 100 SMA support must be defended to avert potential declines toward $50,000. Bitcoin exchanges hands slightly under $58,000 at the time of writing. Recovery from this week’s drop […]

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Bitcoin price stuck in a range as bulls plan to ace the tug of war for upswing past $60,000

April 8, 2021 , , , , , , , , , , , , , , , , , , , , , , , , Eddy 0

Bitcoin knocks at the Bollinger band middle boundary resistance while nurturing a new uptrend. A falling wedge pattern points at BTC potential breakout above $60,000. The hurdle at the 100 SMA on the four-hour chart could lead to an increase in overhead pressure. Bitcoin slumped to $56,000 on Wednesday following widespread declines in the market. […]

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Bitcoin Price Prediction: BTC on the verge of 10% technical retracement

March 31, 2021 , , , , , , , , , , , , , , , , , , , , , , , Eddy 0

Bitcoin is moving toward a colossal breakdown likely to test lows under $53,000. A falling wedge pattern on the four-hour chart presents a bearish outlook for BTC. Bitcoin has for some time been stuck in a narrow range between $58,000 and $59,500. Attempts to hit highs above $60,000 have been thwarted. At the time of […]

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Bitcoin Price Forecast: BTC holding at key technical pattern, poised for a significant breakout above $60,000

March 24, 2021 , , , , , , , , , , , , , , , , , , , , , , , Eddy 0

Bitcoin’s formed double-bottom pattern on the 4-hour chart points the price towards a considerable liftoff. The 4-hour MACD illustrated that sellers have more control over the price. Bitcoin is slightly in the red toward the end of the Asian session on Tuesday. The largest digital asset by market capitalization has sought higher support following another […]

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Bitcoin Price Prediction: BTC poised for breakout to $65,000

March 19, 2021 , , , , , , , , , , , , , , , , , , , , , , , Eddy 0

Bitcoin bounces off support at the 50 SMA as bulls clear the path toward $65,000. Massive buy orders will likely be triggered as soon as Bitcoin breaks above $60,000. Bitcoin has embraced higher support despite the seller congestion at $60,000. Declines have been halted at $56,000, leaving the major support at $54,000 untouched. At the […]

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Bitcoin Price Prediction: BTC closes the gap to $60,000 as correction lingers

March 18, 2021 , , , , , , , , , , , , , , , , , , , , , , , , Eddy 0

Bitcoin breaks out of a falling wedge but runs out of steam before tackling $60,000. A death cross pattern on the 4-hour chart hints at increasing selling pressure in the near-term. Bitcoin embraced support at $54,500 during the recent dive under $60,000. Improving short-term technical levels have led to a formidable recovery, with Bitcoin moving […]

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Bitcoin Price Prediction: BTC freefall unstoppable, eyes $50,000

March 16, 2021 , , , , , , , , , , , , , , , , , , , , , , , Eddy 0

Bitcoin struggles to secure support at $54,000 as a drop to $50,000 becomes apparent. The short-term analysis shows that the least resistance path is downwards. Support above $54,000 will shift the bulls’ attention toward $60,000. Bitcoin lifted to new all-time highs above $60,000 over the weekend. The real break saw the flagship cryptocurrency hit a […]

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