Bitcoin Price Watch: BTC Primed For Lift-off To $5,500

Bitcoin price remained well supported above the $5,200 and $5,160 levels against the US Dollar. The price is slowly grinding higher and it may well climb above the $5,350 level. There is a major ascending channel in place with support at $5,210 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair is trading nicely in an uptrend and it could continue to climb towards $5,400 and $5,500. Bitcoin price remained well supported on the downside above $5,200 against the US Dollar. BTC is trading nicely…

Bitcoin (BTC) Price Watch: Key Reversal Could Trigger Additional Losses

Bitcoin price failed to hold the key $3,860 support and traded lower against the US Dollar. The price even broke the $3,840 support and settled well below the 100 hourly simple moving average. There was a break below a crucial ascending channel with support at $3,830 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could accelerate declines if there is a break below the $3,800 support area. Bitcoin price is under pressure below the $3,860 support against the US Dollar. BTC could reverse gains…

Bitcoin (BTC) Price Watch: Bulls Target Fresh Monthly Highs

Bitcoin price traded above the $3,940 level recently before correcting lower against the US Dollar. The price is following a solid bullish path and buyers seem to be in control above $3,800. There is a short term declining channel in place with resistance at $3,900 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair is approaching a crucial support area near the $3,840 level. Bitcoin price is placed nicely in an uptrend above $3,800 and $3,840 against the US Dollar. BTC is likely to climb…

Bitcoin (BTC) Price Watch: Bullish Break Above $4,000 Looming

Bitcoin price is currently consolidating above the $3,820 and $3,840 supports against the US Dollar. The price placed in a positive zone, with a bullish angle towards the $4,000 resistance. There is a symmetrical triangle pattern formed with resistance at $3,880 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair will most likely break the $3,880 and $3,900 resistance levels to climb above or challenge $4,000. Bitcoin price is forming a bullish breakout pattern above the $3,800 support against the US Dollar. BTC could surge…

Bitcoin Price Watch: BTC Comeback Is On The Cards

Bitcoin price broke the key $3,860 resistance and traded to a new weekly high against the US Dollar. The price is losing bullish momentum, but it is likely to continue above $3,900 and $3,940. There is a key bullish trend line formed with support at $3,850 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair must break the $3,890 and $3,900 resistance levels to continue higher in the near term. Bitcoin price climbed higher slowly above $3,840 and $3,860 against the US Dollar. BTC could…

Bitcoin Price Watch: BTC Rally Could Extend Above $4,000 and $4,200

Bitcoin price rallied recently and broke the $3,760 and $3,800 resistances against the US Dollar. The price ran into the most important resistance at $3,860, which prevented further upsides again. During the upside, there was a break above a key bearish trend line at $3,780 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair is currently consolidating losses below $3,860, with supports at $3,800 and $3,775. Bitcoin price reversed most its losses and surged above $3,800 against the US Dollar. BTC is now facing a…

Bitcoin Price Watch: BTC Trend Overwhelmingly Bearish Below $3,760

Bitcoin price extended losses and traded below the $3,720 and $3,700 supports against the US Dollar. The price traded as low as $3,671 and it is currently consolidating above the $3,700 level. There is a crucial bearish trend line formed with resistance at $3,775 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could correct higher, but it is likely to struggle near the $3,740 and $3,760 resistance levels. Bitcoin price is trading with a bearish bias below $3,800 against the US Dollar. BTC remains…

Bitcoin Price Watch: BTC Could Retest $3,600 Before Buyers Reappear

Bitcoin price failed on many occasions to break the key $3,860 resistance level against the US Dollar. The price started a downward move and broke the $3,800 and $3,760 support levels. There was a break below a declining channel with resistance at $3,800 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair is trading in a bearish zone and it could decline further below $3,700 and $3,680. Bitcoin price failed to climb above key resistances and declined against the US Dollar. BTC is likely to…

Bitcoin Price Watch: BTC Confined In Tiny Ranges Below Key Resistance

Bitcoin price spiked above the key $3,860 resistance level, but it failed to gain pace against the US Dollar. The price is trading in a range below the $3,860 and $3,900 resistance levels. There is a short-term ascending channel in place with support at $3,800 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could dip towards the $3,740 support level before a fresh rebound towards $3,860. Bitcoin price is stuck in tiny ranges below the $3,860 resistance against the US Dollar. BTC could correct…

Bitcoin Price Watch: BTC Could Rally Above $4,000 If It Breaks $3,900

Bitcoin price declined sharply below the $3,750 support and tested $3,650 against the US Dollar. The price bounced back from the $3,653 low and broke the key $3,750 resistance. There was a break above a major bearish trend line with resistance at $3,785 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair is likely to gain bullish momentum above the $3,860 and $3,900 resistance levels. Bitcoin price tumbled below $3,700 and later recovered sharply against the US Dollar. BTC is pointing bullish signals and it…