Bitcoin Topside Bias Vulnerable If It Continues To Struggle Below $38K
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Teresa Bach
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February 4, 2022
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Bitcoin
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Bitcoin stayed above the $36,000 support zone against the US Dollar. BTC is now rising, but it could face hurdles near $37,800 and $38,000. Bitcoin started a decent recovery wave from the $36,400 zone. The price is still trading below $38,000 and the 100 hourly simple moving average. There is a key bearish trend line forming with resistance near $37,800 …
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Bitcoin Regains Momentum, What Could Spark Additional Upsides
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Teresa Bach
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January 28, 2022
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Bitcoin
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0 Comments
Bitcoin found support near $35,550 and started a fresh increase against the US Dollar. BTC must clear $38,000 for additional upsides in the near term. Bitcoin corrected lower but the bulls were active near the $35,550 zone. The price is now trading above $37,000 and the 100 hourly simple moving average. There was a break above a major bearish trend …
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Bitcoin Starts Recovery, Why $38K Is The Key For Reversal
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Teresa Bach
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January 25, 2022
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Bitcoin
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0 Comments
Bitcoin extended decline below $34,000 against the US Dollar. BTC is recovering, but it must clear $38,000 for a steady upward move. Bitcoin remained in a bearish zone below the $38,000 and $36,500 support levels. The price is now trading near $36,500 and the 100 hourly simple moving average. There was a break above a major bearish trend line with …
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Why Bitcoin Needs To Clear $42,500 For Hopes of a Fresh Rally
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Teresa Bach
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January 20, 2022
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Bitcoin
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0 Comments
Bitcoin found support near the $41,200 zone against the US Dollar. BTC must clear $42,500 to start a recovery wave in the near term. Bitcoin extended decline and tested the $41,200 support zone. The price is still trading below $42,500 and the 100 hourly simple moving average. There is a major bearish trend line forming with resistance near $42,450 on …
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Cloudy With A Chance Of Reversal
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Teresa Bach
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January 14, 2022
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Bitcoin
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Bitcoin price is at a pivotal zone, nearing a potential point of no return for bulls. However, the weekend forecast could suggest sunnier skies are in the future, so long as BTCUSD holds above the weekly Ichimoku cloud. Here is a closer look at BTCUSD weekly timeframes “at a glance” using the Ichimoku Kinko Hyo. Bitcoin price is holding above …
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Bitcoin Key Indicators Suggest A Strengthening Case For More Downsides
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Teresa Bach
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January 10, 2022
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Bitcoin
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0 Comments
Bitcoin extended decline below the $42,000 level against the US Dollar. BTC remains at a risk of more downsides if it stays below the $43,000 pivot zone. Bitcoin extended decline and traded below the key $42,000 support zone. The price is trading below $43,000 and the 100 hourly simple moving average. There is a key rising channel forming with support …
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Why It Is Vulnerable To Below 48k
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Teresa Bach
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December 10, 2021
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Bitcoin
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0 Comments
Bitcoin is struggling to clear the $50,000 resistance zone against the US Dollar. BTC could decline heavily if there is a clear move below the $47,300 level. Bitcoin is struggling and showing bearish signs below the $50,000 resistance. The price is now trading below $49,500 and the 100 hourly simple moving average. There is a major bearish trend line forming …
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Bitcoin Settles Below $50K, What Could Initiate A Fresh Rally
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Teresa Bach
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December 6, 2021
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Bitcoin
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0 Comments
Bitcoin declined heavily and it even spiked towards $40K against the US Dollar. BTC is recovering, but it must clear $50K for a steady increase in the near term. Bitcoin is attempting a recovery wave above the $47,000 and $47,500 levels. The price is now trading below $50,000 and the 100 hourly simple moving average. There is a key bullish …
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Bitcoin Aims Fresh Run To $60K, Why Bulls Could Face Hurdles
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Teresa Bach
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December 1, 2021
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Bitcoin
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0 Comments
Bitcoin is trading above the $56,200 support against the US Dollar. BTC must clear $58,500 to start a major increase in the coming sessions. Bitcoin is struggling to gain pace above the $58,000 and $58,500 levels. The price is still trading above $57,000 and the 100 hourly simple moving average. There is a major contracting triangle forming with resistance near …
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Bitcoin Regains Strength, Why 100 SMA Is The Key For More Upsides
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Teresa Bach
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November 26, 2021
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Bitcoin
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0 Comments
Bitcoin started a fresh increase above $58,000 against the US Dollar. BTC traded close to $60,000 and is currently correcting gains. Bitcoin started a fresh increase above the $58,000 and $58,500 levels. The price is now trading above $58,000 and the 100 hourly simple moving average. There was a break below a key bullish trend line with support near $58,550 …
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