BTCanalysis

Bitcoin Price Analysis: The Calm Before The Storm? BTC’s Trying To Maintain The Crucial Support Line

Over the past two days, we had seen the price of Bitcoin trading mainly under a very tight range between $8600 and $8700. As a reminder of the recent price action, Bitcoin had gone through a decent rally since starting the new decade. However, right after touching the significant 200-days moving average line (marked light...
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Bitcoin Just Plunged $700 Upon Reaching The MA-200: Healthy Correction or Reason To Panic? Price Analysis & Overview

Today we got another reminder that volatility is working both ways. Bitcoin has fabulous times since entering the new decade. However, when we see such a parabolic move to the upside, we can expect volatile moves to the other side, as well. Just yesterday, we mentioned Bitcoin price reaching its first major test – the...
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Bitcoin Price Analysis: This Is The First Major Test Of 2020 In The Road To $10,000 BTC

Over the past two days, we saw Bitcoin reaching the $9000 zone, quickly getting rejected, and now Bitcoin is once again a touch away from 2020 high. Two bullish signs to keep an eye on is the fact that Bitcoin corrected accurately into the 38.2% Fibonacci retracement level – which is considered a healthy correction...
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Bitcoin Price Analysis: Is This The End of The January 2020 Bull-Run, After Today’s $300 Correction?

Since breaking the $8600 resistance two days ago, Bitcoin had continued its surge directly to the upper ascending line, the one that is marked on our following 4-hour chart. It looks like Bitcoin’s rally got a (temp?) ‘roof’ at that ascending trend-line. Why a temp roof? If Bitcoin would like to reach new highs, it’s...
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Bitcoin Price Passes This First Major Test Of 2020, Surging To a 2-Month High: $9,000 Soon? Analysis & Overview

Bitcoin just completed a daily surge of more than $400, marking $8580 as its current daily high. Yes, maybe when you’re reading these lines, the king of the cryptocurrencies had continued its way even higher. Three days ago, on our recent price analysis, we had stated clearly that the short-term looks bullish for Bitcoin. The...
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Bitcoin Price Facing Its First Major Test of 2020, Which is On The Weekly: BTC Analysis & Overview

Bitcoin had seen a grand opening to the new decade, following a decent surge of roughly $1000 in the first days of 2020. After reaching a high of $8400 last Wednesday, Bitcoin had encountered resistance and quickly turned around. However, the coin continues to look healthy and positive, consolidating safely above the $8000 benchmark. Yesterday...
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Bitcoin Price Analysis: After $600 Drop Since Yesterday, Is The Bullish Sentiment Over?

Following the first mini-rally of 2020, Bitcoin had quickly reached our mentioned target of $8400 before getting rejected. From there, the cryptocurrency saw a steep drop towards the 38.2% Fibonacci level (~$7850) of the last spike. As of writing these lines, Bitcoin is trading around $7900 – $8000 for the past hours, preparing for its...
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Bitcoin Price Analysis: Those Are The Next Possible Price Targets Above $8,000

Bitcoin likes to do things fast: Following yesterday’s analysis, we see that 2020 is so far very bullish for Bitcoin. In less than seven days, Bitcoin had seen over a 10% increase. Yesterday, we pointed out the ascending channel on the 4-hour chart. Today, Bitcoin had broken up from the channel and quickly reached into...
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Bitcoin Price Analysis: BTC Reaches 14-Days High, But The Real Test Hadn’t Started Yet

So far, the new decade is in favor of Bitcoin’s Bulls. Following the break-out from two days ago, the price finally managed to get over the $7300 – $7400 resistance area, while setting a new 2-week high at $7600 (Bitstamp), as of writing these lines. While the global stock markets are seeing heavy red, Bitcoin...
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Bitcoin Price Analysis: Back In Action, Facing Huge Resistance – $8000 Or $6800 Next?

Over the past days, the first ones of 2020, we received a reminder of the typical behavior of the Bitcoin price. As we pointed out about the trading volume, which was declining through the past week, we did get a considerable price action day (yesterday), recording the highest amount of volume of the past ten...
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Bitcoin Price Huge Move Coming Up? Bearish H&S About To Play Out – Price Analysis & Overview

The Bitcoin bulls didn’t expect that this is how the new decade would start, but this is Bitcoin, always doing the unexpected. This might also be true regarding the current halving year. The Bitcoin halving event is anticipated to take place somewhere in the middle of May. The majority of the crypto community are eager...
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Bitcoin Failed To Breach Through Resistance, Now Facing $7000 At The Last Hours of 2019 (Price Analysis & Overview)

Just a quick update to yesterday’s extended Bitcoin update: Shortly after reaching the significant resistance of the month-old descending trend-line, as of yesterday, Bitcoin got rejected and rapidly lost momentum. Failing to hold the $7400 and breach the December descending trend-line (marked light green on the following daily chart), had sent Bitcoin below the next...
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Bitcoin Price Analysis: After Another Rejection, Bulls Need a Little Push To End December In Green

There was some good news since our previous weekend price analysis, as Bitcoin returned to retesting the higher descending angle of the bearish triangle. However, yesterday we saw another fake-out when Bitcoin quickly turned down back under the confluence price area. A new weekend starts today, not a regular one since many traders are still...
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Bitcoin Price Analysis: BTC Soon To Decide How December and 2019 Will End

Over the past three days, despite that most of the traders are off on vacation, we could see a nonsense trading around the $7200 BTC mark. The following daily chart tells the short-term story: throughout the month of December, Bitcoin can’t get over the green resistance line – including the latest tryout two days ago...
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No Xmas Presents: Bitcoin Slides Back-Below Key Resistance Level, 2019 To End Below $7K? (Price Analysis & Overview)

From euphoria to depression: The crypto traders thought they are leaving off for Christmas in an optimistic mood; however, Bitcoin had other plans, as of now. Two days ago, following accurately touching the critical resistance level of $7700, which was discussed here many times as the short-term first significant level, the cryptocurrency got poorly rejected....
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Bitcoin Price Analysis: Can Bitcoin Finally Return To The Bullish Track Above $8000 Following Sunday’s Impressive Breakout?

The Bitcoin breakout came just hours after our previous price analysis about the fact that BTC is stuck inside a tight range for too long (and it doesn’t like to be in that situation). Those are our words that were written yesterday: “In the micro-level, we can identify a bullish triangle on the 4-hour timeframe;...
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Bitcoin Price ‘Stuck’ For 3 Days – The Calm Before The Huge Storm? (BTC Price Analysis)

Bitcoin doesn’t like to stay so long at one spot. The more it does remain, the sharper the next move will be. Let’s start from the macro-level: the last Wednesday saw Bitcoin’s huge price move of about a $1000 gain in just 12 hours – surging from below $6500 straight into the $7400 resistance (the...
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Bitcoin Price Analysis: The Correction Is Here Following Huge $1000 Rally, But Was That The Bottom of 2019?

Bitcoin was a down-trend road for the past two weeks, and this is no secret. Yesterday the lowest price since May 2019 was reached once again – roughly around $6500. Once it was reached, it completed a 10-days decline of $1100 or 15%. That was the right place to ask – “Is it a time...
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Bitcoin Price Analysis: The Blood Bath Continues To $6,500. Is Correction Nearby?

So far, the month of December 2019 reminds us of the cruel month of December 2018. Last year it was the capitulation candle to $3122 that was achieved on December 15. This year’s December isn’t disappointing the bears at all: from the monthly high that was reached on Dec 4 at $7770, down to $6530,...
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Bitcoin Says Goodbye To $7K: Those Are The Next Possible Targets – BTC Price Analysis

After two weeks of consolidation steadily above the $7000, Bitcoin broke below. If you were following the recent price analysis posts here, you would not be surprised. Bitcoin was showing weakness, not being able to overcome the mid-term descending trend-line (shown both on the following 4-hour and 1-day charts). Aside from this, the long positions...
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Bitcoin Price Analysis: Bollinger Suggests HUGE BTC Move Coming Up Very Shortly

The BTC consolidation continues: for the past four days, Bitcoin’s price range had been shrunk to $150 only. From above $7300, from below $7150. This is coming after almost two weeks, since December began, of nearly zero volatility. The only people who benefit from such a market are those who run crypto margin exchanges. However,...
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Bitcoin Price Analysis: $7000 Target Accomplished, But Things Can Get Very Ugly From Here

We are almost over half of December, but so far, the last month of the year is very disappointing the Bitcoin traders. Despite the bearish signs that Bitcoin is showing, the trading action is dull, followed by a relatively low amount of trading volume. Things are progressing very slowly. In matters of the price, yes,...
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Bitcoin Price Analysis: BTC Is Locked Inside a Bearish Descending Channel, $7000 Next Target?

Our previous price analysis had identified a tight range in which Bitcoin is trading inside. Over the past hours, this range is seemingly cracking down, to the downside. For the past five days, Bitcoin was trading between $7300 to $7600. Despite a fake-out that reached the mentioned resistance area of $7700, Bitcoin was trading inside...
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As New Week Starts, Bitcoin Price Is About To Take a Critical Decision (BTC Analysis & Overview)

The last days saw Bitcoin trading under a tight range of $300, between $7300 and $7600. The good news is that Bitcoin is finally trading above the confluence zone of $7300 – $7400, along with the 4-hour MA-50, which was mentioned here more than once. Besides, the RSI is showing strength due to the negative...
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Bitcoin Price Analysis: BTC to $6000 Or $8000? Bulls Vs. Bears War Continues

In our recent price analysis, we had anticipated a huge move coming up very soon. We couldn’t predict to which direction. The result was a massive $800 move to the upside, followed by an opposite move to the downside, to exactly where the movement began from (roughly $7100). And the winner is? Of course, the...
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Bitcoin Price Breaks Down Towards $7000: The Indicators Anticipating a Huge Move Coming-up

Over the past three days, Bitcoin was ‘stuck’ between the significant price range of $7300 – $7400. This range is familiar to Bitcoin, as the cryptocurrency struggled there for an extended period during November. The last time Bitcoin broke down from that range; it resulted in a daily candlewick down to $6500, which is the...
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Bitcoin Price Analysis: November’s Candle Ended Very Bearish, What Does It Mean For December?

From euphoria to depression: The recent volatility in the price of Bitcoin had burned many shorts and longs. Heaven for traders, hard times for the HODLers. On Friday, just two days ago, everyone was bullish, following a breakout of a decent inverse head and shoulders pattern (at $7400). Following our recent analysis, the huge bullish...
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Bitcoin Price Analysis: BTC’s Consolidation To End-Up In a Huge Weekend Move?  

It took just a few hours after we posted our previous Bitcoin price analysis, and Bitcoin broke out nicely the $7400 resistance, which is the neckline of the inverse head and shoulders pattern. Since then, Bitcoin quickly made a move to our next mentioned resistance level of $7700 and quickly got rejected. Over the past...
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Bitcoin Price Could Soon Reach $8300, According To This Inverse Head & Shoulders Pattern (Analysis & Overview)

Over the past two days, the volatility surrounding the price of Bitcoin had calmed down a bit. Despite a little glitch to the downside, Bitcoin (BTC) is trading between $7000 and $7400 over the past 48 hours. The good news could be the formation of an inverse head and shoulders pattern, that if played out,...
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Did Bitcoin Price Find a Bottom? BTC Is Back Above $7K Following $700 Daily Gains (Analysis & Overview)

The past week was one of the worst for Bitcoin. The coin’s price had seen a $2000 decline over the past seven days. This morning Bitcoin recorded another new low since May 17 – at $6513 (Bitstamp). However, the cryptocurrency didn’t spend much time at those price levels, and over the past hours, we are...
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