Bitcoin Price Analysis

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…

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 BTCUSD pair recorded a decline after lacking a significant push over the $8,500 hurdle. Currently, the pair is forming support close to the $7,750 to 7,600 level. Furthermore, based on the recent periods and records of the price values, various buyers have indulged in the purchase of the digital currency based on an initiated push that fell under $8,000. It further showed a stabilization under the same zone, presenting the 100-hourly SMA.  Current Prices  The current prices of the…

Generally, the current BTC/USD price pair significantly shattered powerful resistance that was closely ranged between $7,500 and $8,000. Following Bitcoin's immense upsurge, the price rise expectations are anticipated through amounts ranging from $9,100 to an even $10,000 this year. Also, following major upside moves of the BTC value complemented the critical assurance over the $7,500 hurdle, and also daily chart reports on BTC/USD also showed various significant breaks that were bullish.  BTCUSD Daily Charts Based on the daily charts of the BTC/USD pair observed,…

The price of BTC/USD rose by over 5% above the $7700 and $7800 hurdles. The bitcoin price visited the limitation at $8000 and may soon drop. Yesterday, there was an establishment that chances of the price to rise towards the hurdles at $7800 and $8000. Nevertheless, it overcame every hurdle and surpassed the hurdle zone at $7800. Additionally, the price crossed the $7700 pivot level and the hourly SMA. Analyzing the Hourly BTC/USD Chart The BTC/USD hourly chart shows a…

The BTC/USD price may surge significantly over $7500. There are, however, various hurdles from $7700 to $8000. The price rose decently over the hurdle at $7300 in the last few sessions—additionally, the price established over $7400, and the 100 hourly SMA. Recently, the price inclined over a short term declining trend line, with a hurdle close to $7455. It led to more gains over the hurdle at $7500 and attained a new 2020 high at $7572; nevertheless, currently, it is…

On the 2nd of January 2020, the Bitcoin price rose by 3.5% to 6850. Nevertheless, it staged a robust retracement and gained $ 400, representing a 6% upsurge to $7250, before returning to $7200. Bitcoin is trying to stabilize its level at $7.2k since that time. A crypto research and data market known as Skew Markets noted the liquidation of a minimum of $16 million worth of short positions on BitMEX in the colossal upsurge. Bitcoin’s surge caught traders off-guard, as analysts…

Following the current bearish signals indicated by the bitcoin prices that estimate between $7,300 to $7,260, concerns are raised regarding the fall below $7,000. The bitcoin value has been declining steadily within the past sessions under support at $7,320 value, which also settled the 100 hourly simple moving average.  Concerning the BTC value within the past days, the value transaction could not surpass $7,320. Although the price tried to increase and stabilize above the $7,300 value, the prices could not…