Bitcoin Forecast

The price of the BTC/USD pair fell sharply below the USD 10.5,000 barrier mark. Even so, the price remains above the $ 9.8k base support and could see a new rally soon. The pair maintained buying sentiment over the $ 10.3,000 zone the previous week. The rally grew to $ 10,5,000 and reached levels above the SMA 100. It hit a new 2020 high of $ 10,507 eventually before initiating a downward correction. The pair appears to have tried to…

The BTC/USD pair has maintained its upswing, getting closer to the $10.5k mark. There are, however, exhaustion signals from the pair, creating a possibility of some few points of decline preceding further upswings. BTC Bullish Run The week saw the pair bounce back strongly, surpassing the $10k hurdle. With a continued price surge, the $10.2k and the 100 hourly SMA were categorically broken. A recent bullish run pushed prices ever closer to the daunting $10.5k barrier. Even though, the bullish…

The BTC/USD pair has started 2020 on a high note, grossing at $10,406. The BTC's current focus, on a wave of a new bullish run, is to gloss at just over $10.5k in the near term. The BTC Price Trend Generation The near past hasn't been so friendly, however. Prices slumped to beneath the $9,850 support, after having hit $10k earlier. The features even dropped to the murky $9.7k zone creating a somewhat modest rallying base. A new upsurge however…

The BTC/USD price has recently hit the over $10k mark, to $10.2k but more recently plunged. There are still hopes of it doing well after all since although the price is declining the buying pressure is still active and will probably still be as long as the price remains over $9.5k.  After hitting the 10k, and even the 10.2k mark, the coins price was unable to overcome the hurdles past the 10.2k; instead, it made a new high for 2020,…

BTC/USD's price increased steadily over the $10k barrier. However, it could still fall to $9,850 before rallying towards the $10.5k zone. The pair's price rose steadily over the  $9.5k and $9.85k barriers in the last few days. Accordingly, the price surged over the $10k barrier settling above the 100 hourly SMA level. BTC New 2020 High Eventually, the price reached the $10.2k zone registering a new 2020 high near the $10,201 mark. Studying the hourly BTC/USD chart reveals a break…

BTC price drifted around its previous major barrier at $10k. Consequently, it drew the buyers' reaction pushing the crypto's price above the level. Further surges saw it settle around the $10.1k zone. The rally constitutes a huge increase in Bitcoin’s impetus so far this year. This upswing has enthused the market. Analysts maintain that BTC is currently at a point where it could register tremendous gain. Additionally,  history suggests that BTCs price surges by between 14 and 100 percent when…

An analyst contends that Bitcoin price will fall despite the massive rallying it has had this year. Dyme, an options trader, avers that the crypto is heading towards a “perfect bearish setup.” He pointed to three converging negative indicators: the Rising Wedge, Bearish Divergence, and Overleveraged Longs as suggestions of a steep price correction in future trading sessions. Historically, the stated indicators lead to price reductions of assets that are otherwise thriving. The Rising Wedge, for instance, appears when there's…

The BTC/USD price is consistently increasing above the $9.5k and $9,750 marks. Moreover, it has the potential of crossing the $10k point is a likelihood of the price to cross $10k precipitating a strong rally towards $10.4k or $10,650. The price increased steadily over the $9.5k barrier and settled above the  $9.7k point, closing over the 100 hourly SMA. BTC Is Strengthening  Eventually, the price rallied over the  $9.8k level thereby attaining a new high of  $9,850 this year. Presently,…

The BTC/USD pair is currently seeing better days, having gained enough momentum to jump over the $9,550 resistance mark. It is highly likely to drift away from the head and shoulder pattern. It appears that the pair is in a prime position to rally over $10k. In the past week, discussions of a possible head and shoulders pattern formation were held following the pair's price movement under $9.5k. The price made a downside slide under the $9.3k mark, but the…