Bitcoin Forecast

BTC/USD recently upsurge over the significant barrier at $8.8k and eventually rose over $9k, and currently, buyers are focusing on testing $9.5k. Yesterday, the price inclined over the critical barrier at $8.8k, and the hourly SMA to land in a more favorable area. The price rose by almost 5% in the previous three sessions and then proceeded higher over the $9k. This week, BTC/USD formed a fresh high to around $9145; however, the price is beginning to drop. The initial…

At the start of 2020, the BTC/USD price turned to the downside from its high at $9191. However, the bitcoin price remains tuned to the upside and may secure the bulls close to $8k or $7670. The price formed a short term top close to the $9191 level before it commenced a downside retracement. It plunged below $9k and $8.8k to get to a declining area. Moreover, the price closed on the day under the support at $8.5k. There are…

The BTC/USD price settled below $8.7k; however, it secured powerful support above $8.5k. Currently, the price is inclining and may rally if it surges above the hurdle zone between $8840 and $8900. Yesterday, there was a retracement to the downside following the rejection of BTC/USD close to the $8.9k hurdle The price went below the support at $8.7k, but the buyers defended $8.54k and $8.5k. However, the sellers could not take the price below the double top pattern’s neckline support…

The BTC/USD pair price recently showed struggles surpassing the $8,900 hurdle, twice. Based on its analysis, the price may fall up to $8,300 and even $8,200. The day before presented a higher price hurdle at $8,500 based on its rally extension. Generally, the BTC price experienced a surge headed towards the $9,000 value; although, the trend illustrated a struggle moving past the $8,900 level.  BTC Price Movements Following two specific occasions, buyers attempted to move the BTC price over hurdles…

Over the hurdle at $8000, there was an extension in the BTC/USD rally. However, it is also possible to exhibit a lower retracement towards $8400 or $8300 before another upsurge. Yesterday, Bitcoin’s price began a remarkable move on the upside, over the hurdles at $8200 and $8400. The price was eventually within a range before another rally over the hurdles at $8500 and $8600. Bitcoin Price Analysis There was an additional upsurge, over $8800, and settled well over the 100…

On the 14th of January 2020, the price of BTC/USD rose by over 5% and was able to break significant resistances close to $8250 and $8500. The price might keep upsurging towards $8780 and $8800 soon. On the previous day, there were rumors that the bitcoin price could incline above the hurdle at $8200. The price gathered sufficient momentum, leading to the rise over the major range hurdle close to $8200. Moreover, the buyers could move the price over the…

The BTC/USD price is currently within a range under the significant hurdle at $8200, suggesting a short-term accumulation stage. The price may rise to over $8200, or it could decline to $7700 to a modest bounce. Bitcoin bulls succeeded in pushing the price to over $8000, despite the resistance. The price established a level over the 100 hourly SMA, although it struggled to rise over the hurdle at $8200. Analyzing BTC/USD Hourly Chart The BTC/USD hourly chart shows a modest…

The BTC/USD price is on the upside above the supports at $7800 and $7700. If the pair reaches $8200, it may start a fresh uptrend. Last week, the pair commenced a downside retracement from the $8473 high. However, the price returned to the downside under the supports at $8200 and $8000. The price also got remarkably supported at $7700 and $7600. A Look at the 4-hour BTC/USD Chart The 4-hour BTC/USD chart shows the price established a level over the…

The coming Bitcoin halving in May 2020 is making crypto participants focus on the digital currency. Many expect an impressive Bitcoin upsurge after the halving.  However, some people believe that Bitcoin’s price will significantly rise, even without taking the halving into account. A recent report revealed that Bitcoin can offer investors 100% returns in 2020. The report further claimed the possibility of Bitcoin rising exponentially, even before the halving happening in May. Crypto Enthusiasts on Factors Affecting Bitcoin Price Fundstrat…