Bitcoin (BTC) Price Analysis – Bitcoin Records Daily Low At $8400, More Drop Is Expected!

Just as we predicted earlier today, Bitcoin has sharply dropped to the $8400 support zone, hitting take profits provided in our crypto trading signals. If the price can close well below the $8500, Bitcoin may close on a weekly low of $8000. As of now, Bitcoin is trading at $8496 under a lot of bearish pressure.

Bitcoin (BTC) Price Analysis: Daily Chart – Bearish

Key resistance levels: $8600, $8880
Key support levels: $8300, $8100

On the daily chart, Bitcoin is now reaching another bullish defence line (8300), might be the close price for today if the price continues to drop. Bitcoin has lost about 6% from its initial weekly opening of $9100. Currently, the market is sitting on the $8400 support, although it’s uncertain that the support will hold as $8300 remains major support.

BTCUSD, Daily Chart – November 15

Heavy bearish pressure may cause the price to floor at $8100. Looking at the RSI indicator, Bitcoin is now trading well below the 50 levels. Meanwhile, the MACD is still showing a little sign of bullish which may play out if the zero levels stay solid. However, resistance to watch out for is $8600 and $8880.

Bitcoin (BTC) Price Analysis: 4H Chart – Bearish

On the 4-hours chart, Bitcoin is revealed on a downward range. The market has been under a lot of bearish actions for the past two weeks. BTC has recorded a price cut of about $400 which has made the price to fall at $8400 today. It appeared that the bears are targeting $8300 support9 where the yellow horizontal line lies.

BTCUSD, 4H Chart – November 15

Meanwhile, support may further hold at $8200 and $8100 if the yellow line fails to act as a rebound level for Bitcoin. On the upside, BTC held resistance at $8600 and $8700. Additionally, the technical indicators are currently showing a strong weakness in price due to the last few hours of decline. Bitcoin is likely to regain strength if the $8300 support can hold well.

BITCOIN SELL SIGNAL

Sell Entry: $8515
TP: $8356
SL: 8607

Bitcoin (BTC) Price Analysis – More Serious Drops Lies Ahead For Bitcoin

The bears have continued to stay in the market as Bitcoin’s extend support to the $8500 zone overnight. Due to the price drop, the market has currently recorded a loss of about -1.2.6%. This time, if the $8500 support fails to suppress selling pressure, Bitcoin would further look for lower support.

Bitcoin (BTC) Price Analysis: Weekly Chart – Bearish

Key resistance levels: $8880, $9000, $9200
Key support levels: $8500, $8300, $8100

Bitcoin is looking bearish on the weekly chart, although it’s a necessary pullback which is likely to resume buying soon. But looking at the previous candle close, the bearish setup is just building up. We may see a weekly close of $8100 if the selling pressure elapses. Meanwhile, Bitcoin held immediate support at $8300 which could be the next selling target.

BTCUSD, Weekly Chart – November 15

However, if the new support ($8500) can hold well, BTC could look for resistance around the $8800. Still, we need a weekly close above the $9000 resistance before we can validate a positive move. Once we clear the resistance, Bitcoin might reach $12000 in a couple of days. Currently, the technical indicators are on the downside, suggesting a bearish continuation.

Bitcoin (BTC) Price Analysis: Hourly Chart – Bearish

Looking at the hourly chart, Bitcoin is undergoing a lot of bearish pressure over the past few days. The latest price drop has made BTC to now trade in the $8500 zone. It appeared the market is looking for support around the $8000. It may take a few days for Bitcoin to reach this support due to the recent slow movement in price.

BTCUSD, Hourly Chart – November 15

However, $8400 and $8300 may come in play soon. On the upside, there’s no bullish sign for BTC at the moment. Nevertheless, the $8700 and $8800 resistance may be explored if the bulls can push well. The technical RSI and MACD are defiantly bearish to show that Bitcoin is weak at the moment.

BITCOIN SELL SIGNAL

Sell Entry: $8688
TP: $8515 / $8444
SL: 8750

Bitcoin (BTC) Price Analysis – Bitcoin Trades In a Tight Zone But Surge Is Underway

Bitcoin has been in a range-bound for about two days now and it appeared the bearish sentiment could continue shortly. This time, BTC trading may witness an ugly scenario if the supply remains heavy at $8880. However, if the price eventually falls, Bitcoin would possibly find a new bottom at $8500. Above all, the market has seen a loss of -0.21% overnight.

Bitcoin (BTC) Price Analysis: 4H Chart – Bearish

Key resistance levels: $8880, $9000, $9200
Key support levels: $8500, $8300, $8100

Looking at the current bearish setup, Bitcoin’s price could seriously collapse on the 4-hour chart. The BTC bears are gaining dominance and currently regrouping for lower prices. Meanwhile, the $8600 support is still bolstering well for the BTC/USD pair. Driving beneath this support could make the market to extend bearishness a bit to $8500 support. The $8300 and $8100 support may follow if BTC keeps supplying.

BTCUSD, 4H Chart – November 14

However, the $8880 remains a tough resistance for now. A successful climb may allow the bulls to reclaim $9000, followed by $9200 and above. The RSI for Bitcoin is in a downward direction to show that sellers are still in the market. Also, the MACD has tested the zero level but now appeared that trading may resume bearish swing.

Bitcoin (BTC) Price Analysis: Hourly Chart – Bearish

Bitcoin has continued to stay quiet and calm for a while now, especially trading between the range of $8800 on the upside and $8600 on the downside. On top of that, the descending wedge is keeping BTC under bearish control. While waiting for the price to surge, a bullish rally may take us to $9000 after clearing the $8880 resistance.

BTCUSD, Hourly Chart – November 14

Once the $9000 resistance resurfaces, the $9125 would be the next buy target for Bitcoin. In the opposite direction, Bitcoin may roll back to the closest support at $8600. If this support breaks, $8500 and $8400 could further function as support for the market. At the moment, the technical indicators are suggesting a potential sell.

BITCOIN SELL SIGNAL

Sell Entry: $8703
TP: $8550
SL: 8942

Bitcoin (BTC) Price Analysis – Bitcoin Remains Under Bearish Control But RSI Suggests Bullish Divergence

Bitcoin’s volatility has continued to expand downward after losing the $9000 support (now resistance) again. Since the weekly opening, the price has been struggling below this support a bearish action continues. Yesterday, Bitcoin made a new weekly low at around the $8600 but has managed to recover back to $8760 – where BTC is currently changing hands. However, we may close the weekly trade at $8000 if the bears remain in the market. Nonetheless, $9000 is an important resistance for the next bullish impulsive.

Bitcoin (BTC) Price Analysis: Daily Chart – Bearish

Key resistance levels: $9000, $9995, $10350
Key support levels: $8600, $8300, $8000

On the daily chart, Bitcoin is still sitting on the grey horizontal support at $8600 which at the same time makes the market to retest the channel’s resistance. If this support can hold well, we should expect an insane price increase in not time, although the $9000, $9995 and $10350 resistances are likely to play out.

BTCUSD-Daily-Chart-November-13

Interestingly, the RSI has suggested a bullish divergence for a while, now looking for a level on the yellow diagonal support. Also, the MACD has signalled a crossover but appears a bit weak at the moment. Should the $8600 fail to contain bearish pressure; Bitcoin may plunge to $8300 and $8000 within a blink of an eye.

Bitcoin (BTC) Price Analysis: 4H Chart – Bearish

While the short-term market continues to show a sign of a bearish bias, Bitcoin is yet to find strong support for a bullish move. As appeared on the chart, BTC has extended its bearishness to $8600 over the last 24-hours of trading, following a quick price rejection at $8900. If the bearish pressure is sustained throughout this week, Bitcoin may further find a bottom at $8400, $8200 and $8000.

BTCUSD, 4H Chart – November 13

From all indication, the MACD revealed that the market remains under bearish control. Additionally, the RSI is showing a sign of weakness due to the recent price drop. We can expect a positive move if the buyers can regroup well. In view of that, the $9000, $9200 and $9400 resistance would be the next buying target for the bulls.

BITCOIN BUY SIGNAL

Buy Entry: $8757

TP: $8900

SL: 8570

Bitcoin (BTC) Price Analysis – Bitcoin May Stumble If Head and Shoulder Pattern Completes

The last two hours trading has set a little panic for Bitcoin’s traders after rising sharply to $8900 and at the same time fell to $8600 zones – where BTC is currently oscillating. The bulls are now trapped as it may be difficult for them to get out this mess unless Bitcoin revisits the $8900 zones. Looking at the current short-term bearish bias, the bulls would remain trapped if they fail to cut their losses.

Bitcoin (BTC) Price Analysis: 4H Chart – Bearish

Key resistance levels: $8900, $9000, $9125
Key support levels: $8600, $8400, $8100

Just a few minutes ago, Bitcoin tried to retrace back to the $9125 resistance but the bullish correction was halted at $8900 resistance and it has made the price of BTC to fall back below the $8700. Currently, the bears are eyeing the channel’s support at $8400 –where Bitcoin is likely to run a proper retracement. If the channel’s lower boundary fails to function as support, Bitcoin may slip to $8100 support, inside the descending channel that was formed in June.

BTCUSD-4H-Chart-November-12

Technically, Bitcoin is locating support on the RSI 30 level. If this mentioned level can provide a rebound for the market, we can expect the price to correct gains to $8900, $9000 and $9125 resistance. At the time of writing, BTC is showing weakness on the MACD as more heavy selling pressure is likely to occur in the coming hours.

Bitcoin (BTC) Price Analysis: Hourly Chart – Bearish

Looking at the last hourly pin-bar candle close, Bitcoin’s price may become devastating if the bearish signal eventually plays out. The market is now forming a bearish head and shoulder pattern as Bitcoin almost completes the right shoulder at $8600 support. This pattern formation could cause a heavy selling pressure if the neckline breaks. In no time, the $8400 and $8200 support may come into play.

BTCUSD, Hourly Chart – November 12

As we can see, Bitcoin has turned away from the RSI 50, now facing the RSI 30. Should the price further drives lower, we may experience serious bearish actions. Additionally, the market has continued to follow a bearish scenario on the MACD. However, if the bulls can reinforce heavily, we can expect a little price gain to $8800 and $8900 on the right shoulder. A further price push may allow the bulls to test the $9000 once more.

BITCOIN SELL SIGNAL

Pending Order

Sell Entry: $8591
TP: $8467
SL: 8770

Bitcoin (BTC) Price Analysis – Bitcoin Is Preparing For a New Move, Where?

From $9200, Bitcoin has established new support at $8600 about six hours following a -2.43% price loss at the moment. The $800 price cut has driven Bitcoin all the way to the channel’s support on the hourly chart. Meanwhile, on the daily chart, BTC is currently holding support on the channel’s resistance. All in all, the $8600 has halted the latest bearish swing. Rebound is likely if the above price can hold firmly.

Bitcoin (BTC) Price Analysis: Daily Chart – Bearish

Key resistance levels: $9000, $9400, $9994
Key support levels: $8600, $8300, $8000

Following our previous crypto trading signals, Bitcoin has now found support on the grey horizontal support at $8600 along with the channel’s resistance which has been suppressing selling pressure since late November. If the $8600 support acts strong, BTC is likely to retrace back to $9000 and $9400 – where the primary cryptocurrency struggled to surpass throughout last week.

BTCUSD, Daily Chart – November 11

If the intraday traders can reclaim the $9400 resistance, $9994 would come into play. However, there’s no certainty that the current support will hold. In case a break occurs, Bitcoin may locate support on the grey ascending trend line but $8300 and $8000 may be encountered. Currently, the RSI is on the downside due to the past 15 days of decline. Bullish continuation is likely if the RSI 40 can provide a rebound. On the MACD, the bulls are dominant but might lose control if a bearish cross signals.

Bitcoin (BTC) Price Analysis: Hourly Chart – Bearish

As predicted earlier today on our crypto trading signals, Bitcoin has eventually fallen to the channel’s lower boundary but has seen a quick recovery back above the grey horizontal support line. BTC is now priced at around $8748. Following the channel formation, Bitcoin is preparing for another upward move. We can see that the market is undergoing consolidation. However, $8900, $9000 and $9125 resistance is likely to play out concurrently.

BTCUSD, Hourly Chart – November 11

At the moment, Bitcoin is sitting on the RSI 30. In the opposite direction, Bitcoin may extend its bearishness if the channel’s lower boundary fails to function as support. Nevertheless, Bitcoin might need to break the $8600 before we can see a new low at $8400 and $8200 on the hourly chart. The MACD has shown that the bearish bias is not yet over.

BITCOIN BUY SIGNAL

Buy Entry: $8670
TP: $9000
SL: 8550

Bitcoin (BTC) Price Analysis – 15 Minutes Spike Records +5% Gains For Bitcoin

After locating support around $8800 for over two days, Bitcoin now saw a sudden price increase to $9250 on Bitfinex – amounting to a +5% gains under 15 minutes of trading. The surge is making BTC trade at around $9025 at the moment. Due to the latest positive move, Bitcoin’s market cap is now valued at $162.9 billion with a trading volume of about $19.5 billion.

Bitcoin (BTC) Price Analysis: 4H Chart – Bearish

Key resistance levels: $9400, $9655, $9955
Key support levels: $8800, $8600, $8400

For the past few days now, Bitcoin is caught in a descending channel pattern on the 4-hour chart. On November 8, the market found support at the lower boundary of the channel, which appeared to have caused the current rebound to $9200 – although the buyers are now targeting the channel’s resistance at $9400. Meanwhile, Bitcoin may rise to $9655 and $9955 if the channel breaks up.

BTCUSD, 4H Chart – November 10

The RSI is currently attempting a break above the yellow diagonal resistance line but it appeared the 50 level is acting strong. However, the MACD shows that the BTC/USD pair remains under a bearish radar. If the price closes below the $9000 today, we may resume selling pressure as the next support could underways at $8800, $8600 and $8400. Nevertheless, Bitcoin is still bearish on the 4-hour time frame.

Bitcoin (BTC) Price Analysis: Hourly Chart – Bullish

Bitcoin has seen a triangle breakout on the hourly chart, although we may need to wait for a significant-close above the $9000 before initiating buy. Before the current surge, Bitcoin was trading at a low of $8800 a few minutes ago but has now touched $9250 within a blink of an eye.

BTCUSD-Hourly-Price-Chart-November-10

 

As of now, the RSI has shown a bullish sign but the MACD is yet to produce a bullish crossover which is important to confirm a strong buy to $9200, $9400 and $9600 resistance. However, a false breakout could lead to a bullish trap as the Bitcoin may roll back to $8900 – $8800 support zones. If the BTC price further drives low, it could make the market to retest the $8700 – the November 8 low.

BITCOIN BUY SIGNAL

Buy Entry: $9047
TP: $9392
SL: $8890

Bitcoin (BTC) Price Analysis – Can This Triangle Pattern Give Bitcoin A Positive Move?

Bitcoin has continued to maintain $9200 as its average weekly price after showing equilibrium in the demand and supply over the past few days. Currently, the market has seen a relative price reduction over the past two days now and at the same time traded below the $9400 since yesterday. If Bitcoin can break away from a tight range of $9000 – $950, we can expect the market to go either way. At the time of writing, BTC is correcting loss of -0.75%

Bitcoin (BTC) Price Analysis: 4H Chart – Neutral

Key resistance levels: $9600, $9800, $10000
Key support levels: $9200, $9000, $8820

Even though Bitcoin appeared indecisive on the 4-hour time frame but there’s a high probability of making a  bullish move. If we look at the technical indicators reading, Bitcoin is managing to stay positive despite the recent price cut to $9200. This trading zone has been supporting the market for a while now.

BTCUSD, 4H Chart – November 7

If the mentioned support could no longer hold, BTC may short support to $9000 followed by $8820. However, a bounce could allow the market to test the $9500 resistance again. Above this resistance lies the $9800 and $10000. It’s important to note that Bitcoin is now forming a triangle pattern as a surge in volatility is imminent.

Bitcoin (BTC) Price Analysis: Hourly Chart – Neutral

From the hourly outlook, Bitcoin is moving sideways with price bars spotted in a symmetrical triangle – which might cause a significant price surge soon. We can see that the last 24-hours trading has been in favour of the bear while a neutral trend plays. If the bears drive the price below the triangle formation, Bitcoin may find the nearest bottom at $9100 and $9000.

BTCUSD, Hourly Chart – November 7

The MACD and RSI are currently showing a sign of weakness due to the latest price drops. Should a positive move occurs, BTC could surge to $9400, $9500 and $9600 above the triangle. Nevertheless, the leading cryptocurrency is still struggling to move out of a controversial price area.

BITCOIN BUY SIGNAL

Buy Entry: $9271
TP: $9551 / $9591
SL: $9100

Bitcoin (BTC) Price Analysis – Big Move Is Around The Corner For Bitcoin, When?

For the past 24-hours, Bitcoin has been trading below $9500 despite struggling to break away from a tight area since late October. Currently, BTC is priced at $9400 after seeing a small price increase of +1.12% overnight. However, if the price can close well above the $9500 today, we can expect $10000 to come into play before the weekend.

Bitcoin (BTC) Price Analysis: 4H Chart – Neutral

Key resistance levels: $9600, $9800, $10000
Key support levels: $9200, $9000, $8820

The symmetrical triangle pattern has continued to make Bitcoin look indecisive for the past few days now. Meanwhile, a potential big move is around the corner as the price approaches a tight angle. The sideways movement is much playing out on the MACD but the RSI is now gearing for an upward move after finding support at the 50 levels. If the RSI continues to show strength, Bitcoin may go bullish soon.

BTCUSD, 4H Chart – November 6

The immediate resistance to watch out for is $9600, $9800 and $10000. But the ongoing indecisiveness may not give us a clear picture of where Bitcoin is heading next. In case of a down surge, the price could drop to $9200, $9000 and $8800 within the shortest period. At the moment, the next actual direction for BTC is yet to be ascertained on the 4-hour chart.

Bitcoin (BTC) Price Analysis: Hourly Chart – Bullish

But looking at the hourly chart, Bitcoin is stylishly making a bullish swing. While creating a rising channel pattern, BTC has been finding it difficult to continue the upward move above the $9500 since yesterday. Today, Bitcoin is still looking for a strong buy to shoot price towards the channel’s resistance at $9700. Meanwhile, $9500 and $9600 resistances are important for the next major move.

BTCUSD, Hourly Chart – November 6

The RSI is currently shooting high following the $9200 rebound during yesterday’s trading. Also, the MACD is preparing for a new bullish rally. Considering the last two hourly evening star, Bitcoin could reverse a bit to $9300 support if it plays out. A further drive may cause BTC to move out of the channel to $9150 and $9000 on the downside.

 

Bitcoin (BTC) Price Analysis – New Channel Pattern May Lead Bitcoin To $12000, Bullish Divergence In Play

Bitcoin is back on bullish mode after breaking a symmetrical triangle to a new channel formation, although the $9400 resistance was slightly broken yesterday but got rejected at $9644 on Bitfinex. BTC is currently retracing to $9100, following the channel pattern shaping on the hourly chart. However, Bitcoin is currently trading at $9350 with a $168.5 billion market cap.

Bitcoin (BTC) Price Analysis: Daily Chart – Bullish

Key resistance levels: $9800, $10000, $10350
Key support levels: $9200, $9000, $8820

Yesterday, Bitcoin managed to close above the $9400 to show the market is preparing for another bullish phase. This time, it may take us to $12000 but we need to clear the October 27 high at $10350 before we can validate a stronger surge. If Bitcoin can close well above $9500 today, $9800 and $10000 will be in view. Further resistance above lies at $10350.

BTCUSD, Daily Chart – November 5

For now, support to look out for is $9200 and $9000. Support below lies at $8820 and beyond. Another thing to note here is the RSI and the MACD which has signalled a bullish divergence for Bitcoin. We can expect more bullish sentiment to come into play in future trading.

Bitcoin (BTC) Price Analysis: Hourly Chart – Bullish

The last 24-hours rise has allowed Bitcoin to record a weekly high of $9644 after breaching the four days triangle pattern. As we can see on the hourly chart, BTC is constructing a new ascending channel which may take Bitcoin us to $10000 in the next rally. Currently, the market is retracing back toward the channel’s support at $9200 –$9100. Meanwhile, the $9000 – $8900 zones could serve as support if a channel break-down occurs.

BTCUSD-Hourly-Chart-November-5

Bouncing off the channel’s lower boundary would trigger a bullish impulsive move to $9350, $9500 and $9700 resistance. The RSI is bullish but now positioned in a downward direction. The MACD moving averages are now crossing to signal a potential sell, although remain positive at the moment.

BITCOIN SELL SIGNAL

Sell Entry: $9378
TP: $9189
SL: $9500