Bitcoin Forecast

Last week, Bitcoin recorded outstanding growth trading with more balance and less price volatility. This remarkable surge has seen BTC trading at the $7k zone.  Bitcoin whales have significantly contributed to the coin's sudden growth because they have accumulated many coins since the market crash in March. Bitcoin seems to have an outstanding strength that could see it through to stability in the market. A recent weekly report by Glassnode shows that BTC recorded a significant growth as observed in…

A downside dip began on the BTC/USD pair from its $7,447 monthly high. The price tested the $7k to $7.1k key demand area, having returned to the upside recently. Yesterday saw significant upswings over two barrier levels ($7k and $7.2k). Having cleared the $7.4k level, it was however can reach the $7.5k mark. While the pair broke the $7.2k support zone buyers protected the demand area between $7k and $7.1k and maintained over the 100 hourly SMA. The price has…

BTC/USD Pair Price Analysis The BTC/USD pair was able to secure traction yesterday thereby surging above two barrier levels ($6,980 and $7k). Currently, the pair is trading well over $6.5k and $7k barrier levels. A look at the pair’s hourly chart shows that a remarkable barrier waits close to $8k and 100-day SMA on the way to the upside. Likewise, on the same chart, there is the formation of a major declining trend line with barrier close to $7,880. The…

On the 1st of April 2020, Bitcoin made some bullish signs over $6200 against the USD. Afterward, it made a downward correction from the $6600 resistance area and visited the support level at $6200. Eventually, the Bitcoin price traded as low as $6159 and then initiated a new increase. The price gained momentum and broke above the key $6400 support area. Yesterday on the BTC/USD chart, there was a bullish trend line, with resistance near $6370. Eventually, Bitcoin rallied above…

BTC has recently noticed severe steady drops from the support level at $6.5k, with the price breaking the largest barrier at $6.2k at the 100 hourly SMA.  Even further, the bears broke the price to below $6k, leading BTC to trade at an even low of $5,846. However, the most recent information shows BTC prices recovering from $5,950 and $6k levels.  BTC dropped mostly from $6,875 to a low of $5,846. Additionally, there was a slow break when the resistance…

The BTC price traded over $6400 support area yesterday.  Eventually, the price brook above the $6800 resistance and settled above 100 hourly simple moving average (SMA). However, the bulls are struggling near the $7000 resistance area to push the price higher. With resistance near $7000, a double top pattern is likely forming on the Bitcoin price chart. What the BTC Price Chart Reveals A daily high formed near $6989, and currently, the price is correcting lower. There is a break…

The BTC prices have experienced an upside correction during the past week after forming a decent support base over $4,000. The correction earmarked a price gain momentum above the $4,500 mark trading at above the $5,000 level of resistance. The coin experienced a break above the initial $5,500 resistance, causing a surge above the $6,000 mark. The price surge however hit a snug at the $7,000 resistance level and the 4 hours 100 simple moving average. A new weekly high…

The prospects seem brighter for a majority of coins, including Bitcoin (BTC). At the moment BTC is trading above the $6k level. The digital currency's price has been climbing from yesterday. So significant was the leap that by the time of going to press it had hit the $6,634 mark. This is according to data from CoinMarketCap.  Analysts have been chiming in with their reasons for being bullish about the digital currency. Hunter Horsely, The CEO of Bitwise Asset Management,…

Over the past few days, Bitcoin experienced poor performance as its price plunged to $3800 on March 12th. However, the bulls started to rally the next day slightly, when the BTC price rose to $5000 and further managed to hit a high of $5900 as traders picked up the pace. Many crypto analysts, however, believe that Bitcoin will recover in the coming days. Top Analysts’ and Crypto traders’ Views on Bitcoin Prices Flib Flib, a very experienced crypto trader, anticipated…