Category: BTC Analysis

Bitcoin Price Analysis: BTC Testing Crucial Support, is Dump to $30K Imminent?

Bitcoin Price Analysis: BTC Testing Crucial Support, is Dump to $30K Imminent?

Bitcoin saw a sharp 8% price plummet over the past 24 hours as it lost almost $4K from its value in just one day. As of writing these lines, Bitcoin found support around $34,000, which is also the lower boundary of the symmetrical triangle pattern we mentioned here yesterday. BTC has been trading within this […]

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Bitcoin Skyrockets $5K In Hours, Trading Above $37K: Is The Correction Over? (BTC Price Analysis)

Bitcoin Skyrockets $5K In Hours, Trading Above $37K: Is The Correction Over? (BTC Price Analysis)

After Bitcoin price recorded an all-time high last Friday at $42K, the primary cryptocurrency finally went down for the anticipated correction following the enormous 3-month rally. BTC price soared from $10,500 to $42,000 without going through any significant correction. During the previous parabolic bull-run of 2017, there were several corrections of 30% on average. The […]

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Bitcoin Crashing 28% To $30K: Can The Bloodbath Stop Here? (BTC Price Analysis)

Bitcoin Crashing 28% To $30K: Can The Bloodbath Stop Here? (BTC Price Analysis)

The price of Bitcoin took a tumble today after dropping by almost 25% in the past 24-hours alone, and almost 30% from the ATH that was set last Friday at $42K. Over the past 14 hours, Bitcoin dropped by a total of $7,400 after following a breakdown of the marked descending triangle (4-hour chart), which […]

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Bitcoin Skyrockets $2000 Surpassing $34K: New ATH Soon? (BTC Price Analysis)

Bitcoin Skyrockets $2000 Surpassing $34K: New ATH Soon? (BTC Price Analysis)

Bitcoin witnessed a solid 8% price spike today, including a $2000 rally over the past few hours alone. While today’s low lies below $30K, the current high reached $34,300 (according to Bitstamp). Incredible. As can be seen on the 1-hour chart below, once Bitcoin breached the marked descending trend-line, the missile had launched. One 4-hour […]

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Bitcoin Price Analysis: BTC Retraces From $35K, Cool-off Before Another ATH or Correction Inbound?

Bitcoin Price Analysis: BTC Retraces From $35K, Cool-off Before Another ATH or Correction Inbound?

The BTC ongoing bull run is still intact as the primary cryptocurrency records an unbelievable 75% price explosion over the past month alone. During the past 24 hours, the Bitcoin price saw another 6% increase and is currently trading around $33,500. Like the past days, Bitcoin recorded another fresh all-time at $34,810 (Coinbase price). As […]

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Bitcoin Price Analysis: Can BTC Continue The Enormous Run, Or Correction Imminent?

Bitcoin Price Analysis: Can BTC Continue The Enormous Run, Or Correction Imminent?

The Bitcoin price surged by over $3300, a new record, as of writing these lines. The solid 13% rise, only today, spiked BTC beyond $30,000 to reach a new ATH at $33,333 (according to Bitstamp). Over the past week, Bitcoin managed to rise by a robust 32%, which marked a new ATH for the Bitcoin […]

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Bitcoin Price Analysis: BTC Eyes $30K But Signals Correction Might Soon Take Place

Bitcoin Price Analysis: BTC Eyes $30K But Signals Correction Might Soon Take Place

The global crypto market has risen another $30 billion today, which has helped lift Bitcoin out of yesterday’s bearish descending triangle and onwards towards a new all-time high at $28,800. Despite the increase in investment entering the market over the last 24 hours, the overall trading volume has actually declined by $10 billion. This, coupled […]

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Bitcoin Price Analysis: BTC Inside Descending Triangle – $24K or $28K Next?

Bitcoin Price Analysis: BTC Inside Descending Triangle – $24K or $28K Next?

Bitcoin price has fallen under the psychological $27,000 level today and is now tracking inside a descending triangle pattern on the 4-hour chart. These patterns form when the price consolidates between a sloping resistance and flat support (yellow lines). It’s usually a signal that bearish momentum is increasing and that the flat support will be […]

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Bitcoin Just Recorded Another All-Time High: Is $25K Incoming? (BTC Price Analysis)

Bitcoin Just Recorded Another All-Time High: Is $25K Incoming? (BTC Price Analysis)

As the world is celebrating Christmas, the primary cryptocurrency has its own private celebration. Two days ago, following Ripple’s SEC lawsuit, it seemed like Bitcoin would rather be testing its prior resistance turned support at $20K before continuing higher. Yesterday’s low was $22,700. However, Bitcoin has its own plans. The BTC price had increased $2,000 […]

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Bitcoin Price Analysis: Bulls Must Break This Level To Prevent A Bearish Double-Top

Bitcoin Price Analysis: Bulls Must Break This Level To Prevent A Bearish Double-Top

Bitcoin bulls need to make sure the daily price closes above $23,850 today, or else a double top will form on the BTC/USD chart (see below). Double tops are bearish reversal setups that tend to result in strong downtrends. They form when an asset fails to breach the same resistance level twice in a short […]

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