Bitcoin Price Analysis

At the beginning of the year 2020, the BTC/USD is trying to maintain major supports. However, the price is still at risk of a further downward move to $7000 and $6880, before a modest upward move. Bitcoin’s price has been dropping steadily under the support at $7320 within the previous few weeks. Eventually, it settled under $7320 and the 100 hourly SMA. The decline in recent times brought the price levels under the support at $ 7200 and $ 7150.…

The price of BTC/USD is revealing signs of a renewed upward move. Nevertheless, the price needs to maintain over $7150 to prepare a new movement towards the hurdles at $7500. The price formed a recent weekly high close to $7150, before the retracement to the downside. The price then dropped under the supports at $7400 and $7300. Additionally, the price established a low close to $7300, and the 100 hourly SMA. Eventually, the price fell below the support at $7200…

Bitcoin started an upward move against the USD after forming strong support close to the $7100 region. The price eventually inclined to $7300 and $7400 resistant level. Additionally, there was a close of over $7300 and the 100 hourly simple moving average. Ultimately, the price rose to over the $7500 level, but eventually, the uptrend declined. In that case, a high close to $7500 got formed before the Bitcoin’s price dropped. This digital currency lost more of the earlier made…

The performance of BTC has been bullish for some period before now. Nevertheless, each time it surges to the upside, it experiences a powerful rejection and leads to a total correction of its gains. It happened some hours ago as its price attained highs around $7.5k but could not continue to the upside. It was rejected and may have initiated a notable fall. According to analysts at the moment, it is possible for BTC to fall back towards $7k before…

Bitcoin saw a downward correction from the $ 7700 resistance area against the USD on the 24th of December. The cryptocurrency traded below $ 7400 and $ 7300 support levels. Further, it is striving to stay above the $7260 support and the 100 SMA. More losses occurred, and the price traded close to $ 7160 support. A low got formed close to $ 7160, and the Bitcoin price is currently consolidating losses. A short-term contracting triangle with resistance near $7250…

The price of the BTC/USD pair has returned to the major support zone at $7,200. The price is currently encountering several resistances close to $7,400 and $7,500. On the previous day, the price rose strongly over the hurdle at $7,500. Further, the price surged over $7,600 and the 100 hourly SMA. Notwithstanding, the buyers tried to obtain traction over $7,680 and $7,700. They attempted to break through the hurdle at $7,700, but the sellers could defend additional upsides. Hence, the…

The Bitcoin performance was recently bullish for some period. However, each time the cryptocurrency surges to the upside, it experiences a robust rejection and leads to a total correction of its gains. Some hours ago, the situation happened as its price peaked around $7.5k, but could not continue to the upside. It got rejected and may have initiated a notable fall. As per the analysts, Bitcoin can decline towards 7k before securing adequate support to stop its correction. At press…

Bitcoin Likely to Surge up to $ 8000 The price of BTC/USD is signaling a bullish continuation of over $7500. Therefore, there is a likelihood of the price to keep surging, and the buyers seem to focus on $8000. After the consultation under the hurdle at $ 7200, the bitcoin price surged over some major resistances close to $7300 and $7400 to begin a decisive move to the upside. Further, the price closed over the hurdle at $7500 and the…

In June 2019, the BTC price surged to over $ 10 000, and a large number of traders even expected further increase. Nonetheless, Dave the Wave, an analyst, called for the return of rationality to the crypto market, based on claims that the uptrend of $10 000 represented overextension of Bitcoin’s long-term growth curve. The analyst maintained that the BTC price is positioned to revisit $6.7K. The analyst forecast proved correct as the BTC price declined from $8K to $6.7K.…