Author: Eric Guerr
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TA: Bitcoin Resumes Uptrend, Here’s Why BTC Could Rally Above $60K
Bitcoin price remained well supported near the $56,000 support zone against the US Dollar. BTC is rising and it may soon break the key $60,000 resistance zone. Bitcoin found support above $56,000 and started a fresh increase. The price is now trading well above the $57,500 level and the 100 hourly simple moving average. There…
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Bitcoin Fails Again, Here’s Why BTC Remains At Risk of More Losses
Bitcoin price failed once again to clear the $60,000 resistance zone against the US Dollar. BTC is showing a few bearish signs, but the $52,500 support holds the key. Bitcoin failed to gain pace above $59,500 and it even struggled to test $60,000. The price is now trading near the $55,500 support and the 100…
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Bitcoin Shows Signs of Rally, Here’s What Could Trigger More Upsides
Bitcoin price recovered losses and surpassed the $56,550 resistance zone against the US Dollar. BTC is likely to rally if there is a close above $58,000 and the 100 hourly SMA. Bitcoin remained strong above $54,000 and it climbed above $56,550 The price is now facing resistance the $57,500 level and the 100 hourly simple…
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Double Bottom On The Dollar Could Be The End Of Bitcoin Rally
Bitcoin, Ethereum, and just about every other asset on the planet trades against the dollar on its most liquid trading pair, and the greenback is the base currency that all exchanges rates are based on. The power and influence of the almighty dollar cannot be understated, and the crypto market could soon feel the surprising sting…
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Bitcoin Nosedives $10K, Here’s Why Recovery Could Face Hurdles
Bitcoin price declined over $10,000 against the US Dollar after Elion Musk’s tweet. BTC is now correcting losses, but the previous support near $52,000 could act as a hurdle. Bitcoin started a major decline from well above $55,000 and it even traded close to $45,000 The price is now trading well below $55,000 and the…
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Bear Phase Fractal Warns Of Pain, Bitcoin Bull Market To Remain Unbroken
The rug was just pulled across crypto, wiping out gains from the past week and then some. Bitcoin is now back at prices from March, and is at risk of falling deeper into a bear phase according to a fractal found in the recent price action. What’s notable, is that the same fractal suggests that…
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Bitcoin Dives Further, Here’s Why BTC Could Find Bids Near $42K
Bitcoin price extended its decline below the $45,000 support zone against the US Dollar. BTC is declining and it could soon test $42,000 or $40,000 in the near term. Bitcoin started a major decline from well above $50,000 and it even traded close to $45,000 The price is now trading well below $45,000 and the…
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Bitcoin Aims Strong Recovery, Here’s A Key Pattern For Short-term Bottom
Bitcoin price is likely forming a double bottom pattern near the $42,150 zone against the US Dollar. BTC is showing positive signs and it could climb towards $47,000. Bitcoin is finding a strong buying interest above the $42,000 and $42,150 support levels. The price is still trading well below $47,000 and the 100 hourly simple…
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Bitcoin Loses Crucial Support Never Broken During Last Bull Run
With Bitcoin price falling to the low $40,000 range, debate has picked up on if the once trending cryptocurrency’s bull run is now over. There’s no truly telling for sure, however, this time is very different than the last bull market. Why? Because Bitcoin price just lost a key level that never once saw a…