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Category: Bitcoin Price Analysis

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Bitcoin price breakdown targets $25,000 despite investor sentiment remaining positive

January 21, 2021 , , , , , , , , , , , , , , , , , , , , , , , , Eddy 0

Bitcoin slides under $33,000 risking a drop under $30,000, especially if the 50 SMA support fails to hold. Grayscale Investment’s consistent purchase of Bitcoin goes unnoticed as the market falls. Bitcoin is on the verge of a massive breakdown after losing a crucial support level. The pioneer cryptocurrency was rejected $38,000 again, opening the Pandora […]

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Bitcoin price back to the drawing board at sub $40 but technicals suggest an explosion to $40,000

January 18, 2021 , , , , , , , , , , , , , , , , , , , , , , , , Eddy 0

Bitcoin revisits $34,000 to allow more buyers to enter the market as upside eyes $40,000 again. BTC/USD is drawing nigh to a massive falling wedge pattern breakout. Bitcoin price revisited support at $34,000 after rising to $40,000 last week. The recovery had been gradual but steady. BTC bulls fought massively for gains above $38,000. However, […]

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Bitcoin displays strong technicals for new record high as futures open interest hit $13 billion

January 15, 2021 , , , , , , , , , , , , , , , , , , , , , , , , Eddy 0

Bitcoin retests $40,000 after recovery almost 30% in two days. Bitcoin open interest increases 74% from the previous month, suggesting high investor optimism. Bitcoin has brushed shoulders with $40,000 again following the early week breakdown to $30,000. The pioneer cryptocurrency has presented a strong bullish front in the last couple of days by first, holding […]

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Bitcoin price on the final stretch to $40,000 but these are the levels to watch

January 14, 2021 , , , , , , Eddy 0

Bitcoin nurtures recovery eyeing $40,000 after overcoming resistance at $36,000. BTC/USD must close the day above the 61.8% Fibonacci to complete the leg up to $40,000. Bitcoin rebounded after confirming support at $30,000. On the upside, the largest cryptocurrency movement was limited to $36,000. The mid-week trading saw BTC retest support at $32,000 but buyers […]

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Bitcoin price risks revisiting $30,000 while Goldman Sachs reckons that BTC has matured as an asset

January 13, 2021 , , , , , , , , , , , , , , , , , , , , , , , , Eddy 0

Bitcoin bulls focus on avoiding declines to $30,000 by holding above the 100 SMA and $33,000. Bitcoin is becoming more mature as an asset but needs institutional backing to stabilize. Bitcoin is fighting to hold above the $33,000 but overhead pressure continues to make this task a difficult one for the bulls. The largest cryptocurrency […]

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Bitcoin freefalls to $30,000 but recovery to $40,000 seems imminent as on-chain metrics stay strong

January 12, 2021 , , , , , , , , , , , , , , , , , , , , , , , , Eddy 0

Bitcoin recovery to $40,000 will not come easy despite the bounce at $30,000. On-chain metrics like the network growth remain strongly bullish suggesting that Bitcoin is still strong enough to reclaim the lost ground. Bitcoin is struggling to stay afloat at $30,000 after rebounding from the fall to $30,000 on Monday. The pioneer cryptocurrency came […]

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Bitcoin price in dilemma at crucial pivotal level; will it be $42,500 or $32,500?

January 11, 2021 , , , , , , , , , , , , , , , , , , , , , , , , Eddy 0

Bitcoin closes the week under $40,000, opening the Pandora box for a possible slide to $32,500. Closing the day above the ascending channel’s upper boundary may invalidate the breakdown but favor a recovery above $40,000. Bitcoin almost brushed shoulders with $42,500 last week but stalled, allowing for a retreat under $40,000. However, Bitcoin managed to […]

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Bitcoin price pulls back from $40,000 but speculators see it at $50,000 in the near-term

January 8, 2021 , , , , , , , , , , , , , , , , , , , , , , , , Eddy 0

Bitcoin price rejected from the historical record at $40,000 but short term support expected at $37,500. Speculators believe that BTC has a long way to go, placing their short term goal at $50,000. Bitcoin hit $40,000 for the first time in history but this was not a surprise to many. The flagship cryptocurrency has been […]

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Bitcoin price imminent leap to $40,000 awaits breakout at this key level

January 7, 2021 , , , , , , , , , , , , , , , , , , , , , , , , Eddy 0

Bitcoin bulls nurture the uptrend towards the much-anticipated run-up to $40,000. BTC/USD immediate upside is capped by the ascending parallel channel’s upper boundary resistance. Bitcoin is on the verge of the ultimate breakout to $40,000. The push to rally to this new all-time high comes after the flagship cryptocurrency pierced through the resistance at $35,000 […]

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Bitcoin price poised for an 11% dump to $30,000 before the rally to new all-time high resumes

January 6, 2021 , , , , , , , , , , , , , , , , , , , , , , , Eddy 0

Bitcoin price faces a growing bearish grip after failing to settle above the immediate resistance at $34,000. The bellwether cryptocurrency is on the verge of a breakdown to $30,000, mostly if the immediate support at $32,000 caves. Bitcoin has managed to recover from the recent 20% dump from the new all-time high at $34,807 to […]

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