Bitcoin Price Weekly Analysis –BTC/USD Turned Buy Dips
Bitcoin price is back in action as traders sidelined post Bitfinex hack losses. Are you the one looking to enter a buy trade in BTC/USD? Key Points. Bitcoin price after recovering after hack losses against the US Dollar consolidated for some time and then moved higher. There was a major contracting triangle pattern formed on the hourly chart (data feed from SimpleFX) of BTC/USD, which was broken during the upside move. The recent break in the pair suggests that the price has turned bullish and one may consider buying it. Bitcoin Price Break. Bitcoin price recovered sharply against the US....
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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 has turned back down and is challenging its bellwether 1-hour 200-period moving average. Below it lies the critical $240 price level - a breach of which will open a potentially profitable declining wave, and hopefully the last downward cycle for the season. This analysis is provided by xbt.social with a 3 hour delay. Read the full analysis here. Not a member? Join now and receive a $29 discount using the code CCN29. Bitcoin Price Analysis. Time of analysis: 18h05 UTC. Bitfinex 15-Minute Chart. From the analysis pages of xbt.social, earlier today: Price has broken below with....
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 […]