BTC Price Analysis

Bitcoin has been the subject of a great deal of scrutiny recently, as has been the entire crypto market. Analysts are looking to see the BTC price break at least the $50,000 mark. Also, they hope that it would eventually get enough momentum to hit its all-time high and make bigger plays. Considering that $50,000 is indeed in play, many have been looking towards the possibility of Bitcoin hitting $100,000. The asset is still going through a bit of a…

Bitcoin benefitted from heavy selling in the US dollar market over the weekend. Bulls attempted two run-ups above the $49K level. However, BTC rallied to a $49,657 high but failed to mount a decisive attack on $50K. Since then, the momentum has waned, and the BTCUSD pair is currently consolidating gains above the $48K support. The ongoing range-bound trading comes as September approaches. Historically, it is a month that proves uninspiring for investors.  According to analyst Michaël van de Poppe,…

BTC is back above $48K after an abrupt breakdown of bullish trajectory saw the king coin shed up to $1,500 in a matter of hours on Aug 25. The world’s first cryptocurrency regained lost ground as quickly as it had slumped. Now, changing hands for $48, 642.  That impressive rebound is likely attributable to bullish news from Bloomberg analysts. Some of them predict that the US Securities and Exchange Commission (SEC) could launch a Bitcoin ETF soon. In a Tuesday…

The BTC price recently made a downside correction below the $10,000 level. During the decline, the price broke many supports, including the $9,500 and $9,300 levels. However, it remained well bid close to the $9,000 support zone. BTC is currently recovering steadily and trading well above the $9,300 level. There was a break above the 23.6% Fib retracement level of the recent key decline from the $10,390 high to $9,080 low. Notably, it appears there is a key contracting triangle…

BTC/USD Pair Price Analysis Over the previous week, the attempt by the BTC/USD pair tried to surge over two barrier levels ($7.4k and $7.5k) failed. The pair attained $7,470 and in recent times began to fall. It was able to break the $7.2k support level to land in a declining area. The pair’s 4-hour chart shows a break beneath a key bullish trend line with support at $7.2k. Currently, the pair is close to a critical support at $6.7k and…

Last week, Bitcoin recorded outstanding growth trading with more balance and less price volatility. This remarkable surge has seen BTC trading at the $7k zone.  Bitcoin whales have significantly contributed to the coin's sudden growth because they have accumulated many coins since the market crash in March. Bitcoin seems to have an outstanding strength that could see it through to stability in the market. A recent weekly report by Glassnode shows that BTC recorded a significant growth as observed in…

A downside dip began on the BTC/USD pair from its $7,447 monthly high. The price tested the $7k to $7.1k key demand area, having returned to the upside recently. Yesterday saw significant upswings over two barrier levels ($7k and $7.2k). Having cleared the $7.4k level, it was however can reach the $7.5k mark. While the pair broke the $7.2k support zone buyers protected the demand area between $7k and $7.1k and maintained over the 100 hourly SMA. The price has…

BTC/USD Pair Price Analysis The BTC/USD pair was able to secure traction yesterday thereby surging above two barrier levels ($6,980 and $7k). Currently, the pair is trading well over $6.5k and $7k barrier levels. A look at the pair’s hourly chart shows that a remarkable barrier waits close to $8k and 100-day SMA on the way to the upside. Likewise, on the same chart, there is the formation of a major declining trend line with barrier close to $7,880. The…

The BTC/USD pair gained some traction yesterday surging over two barrier levels ($6,980 and $7k). At the moment, the pair is trading above the  $6.5k and $7k barrier levels. Medium-Term Uptrend The pair’s hourly chart shows that a robust barrier towards the upside awaits near the $8k level and 100-day SMA. Again,  the chart indicates the formation of a key declining trend line whose barrier is close to $7,880. A medium-term uptrend could emerge depending on the buyers' ability to…