Bitcoin Topside Bias Vulnerable If It Continues To Struggle Below $46K
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Teresa Bach
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September 14, 2021
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Bitcoin
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Bitcoin price is facing hurdles near the $46,000 zone against the US Dollar. BTC could start a major decline if it continues to struggle near the $46,000 zone. Bitcoin is facing a major resistance near $45,600 and $46,200 levels. The price is now trading below $45,500 and the 100 hourly simple moving average. There is a major bearish trend line …
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Why Bitcoin Price At Risk of A Fresh Drop To $42K
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Teresa Bach
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September 9, 2021
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Bitcoin
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0 Comments
Bitcoin price corrected gains and moved above $45,000 against the US Dollar. BTC is now struggling to surpass $47,000 and it could start another decline. Bitcoin is facing a major resistance near $47,500 and $48,000 levels. The price is now trading well below $48,000 and the 100 hourly simple moving average. There is a key bearish trend line forming with …
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Bitcoin Fails Again, Why BTC Remains At Risk of a Larger Decline
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Teresa Bach
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August 31, 2021
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Bitcoin
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0 Comments
Bitcoin price failed to surpass the $49,000 resistance against the US Dollar. BTC is sliding and it could even break the $46,500 support zone. Bitcoin is slowly moving lower from the $49,000 resistance zone. The price is now trading well below $48,000 and the 100 hourly simple moving average. There was a break below a key declining channel with support …
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Bitcoin Attempts Fresh Increase, Why 100 SMA Is The Key
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Teresa Bach
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August 26, 2021
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Bitcoin
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0 Comments
Bitcoin price found support near $47,150 and started a fresh increase against the US Dollar. BTC must settle above the 100 hourly SMA to continue higher. Bitcoin extended its decline and tested the $47,200 support zone. The price is now trading near $48,800 and the 100 hourly simple moving average. There was a break above a key bearish trend line …
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Bitcoin Regains Strength, Why BTC Could Hit $50 This Time
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Teresa Bach
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August 20, 2021
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Bitcoin
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0 Comments
Bitcoin price traded to a new weekly low at $44,012 before recovering losses against the US Dollar. BTC is back above $47,000 and it may attempt to clear the $48,000 resistance. Bitcoin started a decent increase above the $45,500 and $46,000 resistance levels. The price is now trading above $46,000 and the 100 hourly simple moving average. There was a …
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Why Bitcoin Price Aims $50K, Dips Remain Attractive
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Teresa Bach
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August 16, 2021
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Bitcoin
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0 Comments
Bitcoin price started a fresh increase from the $45,500 support against the US Dollar. BTC is likely to accelerate higher above the $48,000 resistance zone. Bitcoin is trading nicely above the $45,500 and $46,500 resistance levels. The price is now trading below $47,000 and the 100 hourly simple moving average. There is a major bullish trend line forming with support …
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Bitcoin Faces Hurdles, Why BTC Could Correct In Short-Term
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Teresa Bach
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August 11, 2021
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Bitcoin
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0 Comments
Bitcoin price is facing a strong resistance above $46,500 against the US Dollar. BTC is slowly correcting lower and it might test the $44,500 support zone. Bitcoin made a few attempts to settle above $46,000, but it failed. The price is still trading above $45,000 and the 100 hourly simple moving average. There was a break below a key bullish …
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Bitcoin Regains Strength, Why Bulls Eye Strong Rally above $40K
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Teresa Bach
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August 6, 2021
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Bitcoin
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0 Comments
Bitcoin price started a fresh increase above the $38,500 resistance zone against the US Dollar. BTC even broke $40,000 and it is now correcting gains. Bitcoin gained traction above the $38,500 and $39,500 resistance levels. The price is now trading above $40,000 and the 100 hourly simple moving average. There was a break above a key bearish trend line with …
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Five Bullish Monthly Charts That Suggest Bitcoin Will Blast Off
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Teresa Bach
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July 30, 2021
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Bitcoin
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0 Comments
Tomorrow is the last day of the month of July, and Bitcoin is at a pivotal moment in its lifetime. The crossroads of a possible bear market or bullish continuation is here, and the path chosen will dictate the trend for potentially months or years to come. The monthly timeframe could provide clues as to what might be next, and …
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Bitcoin Tops Near $40K, Why BTC Remains Well Supported
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Teresa Bach
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July 27, 2021
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Bitcoin
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0 Comments
Bitcoin price surged and it even spiked above the $40,000 resistance against the US Dollar. BTC is correcting gains, but it is likely to remain stable near $36,000. Bitcoin started a strong increase above the $36,000 and $38,000 resistance levels. The price is now trading well above $36,000 and the 100 hourly simple moving average. There is a major bullish …
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