Key Resistance Zones: $10,000, $11,000, $12,000 Key Support Zones: $7, 000, $6, 000, $5,000 BTC/USD Long-term Trend: Bullish Yesterday, the bulls made an impressive move as the bulls reach a high of $8,400. The coin was resisted and the price retraced to a low of $7,800. The support is holding which was previously a resistance […]
• A break above the daily channel pattern would confirm a bullish trend. • Bitcoin holds key support at $7400. • Short-term sellers regain control of the market after $8000 break. Bitcoin has continued to remain trapped in a bearish zone, following the January 8 rejection at the descending channel that is forming on the […]
Key Resistance Zones: $10,000, $11,000, $12,000 Key Support Zones: $7, 000, $6, 000, $5,000 BTC/USD Long-term Trend: Bullish Interestingly, the bulls broke the resistance levels of $7,600 and $7,800. In the previous analysis, we had anticipated that Bitcoin may rise to a high of $9,200 if the overhead resistance was broken. The price action has […]
• Bitcoin’s price rejects at $8400 after a short-term bullish rally. • $7600 support may provide a rebound for Bitcoin if $7800 fails • Bitcoin loses +5.36% following last 24-hours selling The $8400 resistance has rejected short-term buyer but it appeared the bullish trend is still valid on the 4-hours chart as Bitcoin relies on […]
Key Resistance Zones: $10,000, $11,000, $12,000 Key Support Zones: $7, 000, $6, 000, $5,000 BTC/USD Long-term Trend: Bullish Bitcoin has risen above the $8,000 price level. As earlier anticipated in the previous analysis, the bulls have successfully broken the resistance at $7,600 and $7,800. The bears have succumbed to the bulls at the resistance levels. […]
• Bitcoin may completely reverse to $13000 if the six-month channel breaks. • A drop below $8000 would allow correction to $7800. • Bitcoin reached $8400 with a weekly gain of 15%. Bitcoin has now met a short-term resistance of $8400 after witnessing five days positive move. This resistance would determine whether the bullish will […]
• Bitcoin keeps flaunting bullish pattern but a downward correction may come soon. • Short-term bullish remains valid but Bitcoin may correct slightly down before rally continues. Bitcoin continues to follow a bullish sentiment after breaking out of a critical resistance of $7800 yesterday. BTC has recorded a 24-hour high of $7860 on Bitfinex. If […]
Key Supply Zones: $10,000, $11,000, $12,000 Key Demand Zones: $7, 000, $6, 000, $5,000 BTC/USD Long-term Trend: Ranging Expectantly, the bulls have broken the $7,600 and $7,800 resistance level. This impressive run has been on for the past three days. The bulls have had the upper hand as price breaks the major key levels. Nonetheless, […]
If a survey was taken ten years ago, on the little number of people interested in Bitcoin, on what predictions they had about the price Bitcoin a decade from that time, not one would have predicted that Bitcoin would be valued at thousands of dollars. This just goes to show the potential for growth Bitcoin […]
