Bitcoin Price Weekly Analysis - Buy Dips
Bitcoin Price Key Highlights. Bitcoin price climbed higher sharply and traded above 250.00 before finding sellers. The price is currently correcting lower and heading towards an important support area. There was a nice bullish ride during this past week, as the Bitcoin price traded as high as 257.00 where sellers stepped in to prevent further gains. There is a critical bullish trend line formed on the 4-hours chart, which is likely to act as a barrier for sellers if the price moves lower from the current levels. The price closed around the 38.2% Fib retracement level of the last wave from....
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Bitcoin price is currently in a bullish trend against the US Dollar, and it looks like the BTC/USD pair may trade further higher this week. Key Points. Bitcoin price surged higher this past week versus the US Dollar to register a close above the $635 resistance. There is a flag pattern forming on the 4-hours chart (data feed from SimpleFX) of BTC/USD, which may ignite another rally. The price may break the recent high of $647 to challenge the $650 level moving ahead. Bitcoin Price Buy Dips. In the last weekly analysis, I stated that Bitcoin is a good buy on the dips against the US Dollar....
Bitcoin price as forecasted in the last weekly analysis started to trade higher. If the current sentiment stays, BTC/USD can test $470. Bitcoin Price- Buying dips? Bitcoin price climbed higher this past week and traded towards the $470 resistance area against the US Dollar. The best part of the upside move was the fact that the price settled above the 100 simple moving average on the 4-hours chart (data feed from Bitstamp) of BTC/USD. Once the price closed above the stated MA, there was a sharp rise towards $465 where it found offers. There is now a contracting triangle pattern formed on....
Bitcoin price after a monstrous ride corrected lower towards $650 against the USD. It looks like the BTC/USD is positioning for another move higher. Key Points. Bitcoin price jaw dropped back towards $650 after a solid ride towards the $750 level. There is a crucial bullish trend line formed on the 4-hours chart (data feed from SimpleFX) of BTC/USD, which is acting as a support zone. The 100 simple moving average is also on the downside, acting as a barrier for sellers. Bitcoin Price Buy Dips? I mentioned in my last weekly analysis that Bitcoin price remains in an uptrend against the US....
Ripple rallied further 4% and it cleared the main $0.2550 resistance against the US Dollar. XRP price is now showing bullish signs, and dips could find strong bids near $0.2500 or $0.2450. Ripple extended its rally above the $0.2520 and $0.2550 resistance levels against the US dollar. The price traded to a new weekly high […]
Key Highlights. Bitcoin price surged higher and moved above a few critical resistances as there were inflows noted for the digital currencies due to the risk off sentiment. The price is well above the 100 simple moving average on the 4-hours chart, which is a positive signal. Bitcoin inflows suggest that the digital currencies started taking advantage of the risk off sentiment. A gold alternative approach? We stated in the previous weekly analysis suggested that the Bitcoin price might trade higher and clear an important hurdle around 250.00 to surge higher. There was a clear break above a....