Bitcoin Price Technical Analysis - Barrier at Channel Resistance

Bitcoin Price Key Highlights. Bitcoin price has been in good spirits these days, as it has taken out one resistance level after another. Price made a quick short-term retracement before revving up for another ride north, setting its sights on the rising channel resistance. Increased bullish momentum could keep bitcoin price climbing, possibly until the top of the rising channel on the daily time frame. Aiming for $350? Now that price has broken past the significant $300 barrier, bitcoin could head all the way up to the next resistance at the $350 level, which is right in line with the....

Litecoin price is struggling to settle above the 100 hourly MA. It looks like there might be a short-term dip before it find buyers once again. Intraday Support Level (Bitfinex) may be at $3.10. Intraday Resistance Level (Bitfinex) can be at $3.20. There were a few positive signs for Litecoin price this past week, as it managed to move higher after trading as low as $3.01. The price has now formed an ascending channel pattern formed on the hourly chart (data feed via Bitfinex), which is acting as a mover for the price. However, the price is struggling to break the channel resistance trend....

Bitcoin price is hovering at the resistance of the short-term descending channel and could be in for a continuation or reversal. Bitcoin Price Key Highlights. Bitcoin price seems to be establishing a downtrend now that it’s forming a descending channel on its 1-hour time frame. Price is now testing the channel resistance, still deciding whether to make a bounce or a break. Technical indicators seem to be indicating that the selloff could resume but there are also potential arguments for a reversal. Technical Indicators Signals. The 100 SMA is below the longer-term 200 SMA so the path of....

Bitcoin price could turn upon hitting the resistance at the top of the rising channel, possibly making its way towards support again. Technical indicators are giving mixed signals but it looks like the short-term uptrend might carry on. The 100 SMA is below the 200 SMA so the path of least resistance might be to the downside, signaling that the mid-channel area of interest could still keep gains in check. If so, bitcoin price could drop back to the channel support around $370-372. Stochastic is on the way up so there may be some buying pressure left enough to trigger a test of the....

Bitcoin price could be due for a bounce off the channel support, with technical indicators reflecting the presence of buying momentum. Bitcoin Price Key Highlights. Bitcoin price has been steadily climbing on its 1-hour chart, moving inside an ascending channel pattern. Price bounced off the top of the channel once more and is now making a move towards support. If this area holds as a floor once more, bitcoin price could make its way back up to the channel resistance. Technical Indicators Signals. The 100 SMA just crossed above the 200 SMA to indicate that the path of least resistance is....