Bitcoin Price May Break Longest Weekly Losing Run Since November

View Bitcoin is likely to end the current week (Sunday, UTC) on a positive note, having registered losses in the previous three weeks. Prices are currently up 10 percent on a month-to-date basis. The weekly gain could be much bigger if prices invalidate a bearish lower highs pattern with a UTC close above $10,956 (Aug. 20 high). BTC may end the week on a flat note or with losses below $9,767 (Monday’s opening price) if the recent trading range of $10,400-$10,800 is breached to the downside. A range breakdown would…

Bitcoin (BTC) Price Approaching Next Crucial Break: $11,500 Holds Key

Bitcoin price is still struggling to gain bullish momentum above the $12,000 resistance against the US Dollar. The price is likely setting up for the next break either above $12,000 or towards $11,500. There is a new contracting triangle forming with resistance near $11,920 on the hourly chart of the BTC/USD pair (data feed from Kraken). The price is likely to accelerate higher once it clears the key $12,000 resistance level. Bitcoin price is trading in a crucial range below $12,000 against the US Dollar. BTC price could either rally…

Bitcoin (BTC) Price Weekly Forecast: Approaching Next Crucial Break

There was a solid upside correction initiated from the $9,100 swing low against the US Dollar. The price gained traction after it broke the key $10,000 resistance area and traded towards $11,250. There was a break above a major bearish trend line with resistance at $10,400 on the 4-hours chart of the BTC/USD pair (data feed from Kraken). The pair tested a crucial resistance near $11,250 and it is currently correcting lower. Bitcoin price is showing positive signs above the $10,250 support against the US Dollar. However, BTC must break…

Bitcoin Price Recovers 20% to Break $11,000; Pullback Done, Huge Rally Next?

Within a week, from June 26 to July 2, the bitcoin price fell from $13,868 to $9,651, recording a 30 percent pullback against the U.S. dollar. Technical analysts have expressed optimism towards the swift recovery of bitcoin from a large pullback as the dominant crypto asset has shown a change in trend within a short time frame. A big pullback for bitcoin is often followed by a rally According to Josh Rager, a cryptocurrency technical analyst, when the bitcoin price experiences a steep correction, it is often followed by a…

Bitcoin Rebounds Nicely, BTC Bulls Sighting Next Crucial Break

After a nasty upward move, bitcoin price corrected below $12,000 against the US Dollar. The price towards the $10,400 support and recently started a fresh increase above $11,500. There is a major contracting triangle forming with resistance near $12,300 on the 4-hours chart of the BTC/USD pair (data feed from Kraken). The pair is likely to break to the upside above the $12,400, $12,500 and $12,800 resistance levels. Bitcoin price is showing a lot of positive signs above $11,600 against the US Dollar. BTC could continue to gain momentum once…

Here’s Why Booming Bitcoin Can Break the $16,000 Milestone Soon

The price of bitcoin has corrected by up to 18 percent upon hitting its 17-month high towards $13,868. Following the European market open on Thursday, bitcoin plunged to an intraday low of $11,301 on San Francisco-based exchange Coinbase. The move brought the cryptocurrency’s 24-hour losses to around 8 percent but managed to maintain the monthly bullish bias with 37 percent gains. Exchanges trading the bitcoin-enabled pairs collectively posted more than $44 billion in volume in the past 24 hours. At the same time, “Real 10”, which filters out of 95…

Ethereum (ETH) Price Weekly Forecast: Break Above $300 Likely

ETH price rallied recently and broke the $260 and $265 resistance levels against the US Dollar. The price is currently trading near the key $275 resistance, above which it could rally further. There is a major bullish trend line forming with support at $265 on the 4-hours chart of ETH/USD (data feed via Kraken). The pair is likely to break the $275 resistance and it could even test the $300 resistance area. Ethereum price is gaining bullish momentum against the US Dollar, similar to bitcoin. ETH is likely to accelerate…

Bitcoin (BTC) Poised to Break Higher, High-$8,000s Back in Play

Bitcoin Bulls Return as BTC Taps $8,000 Bulls are looking to take control of Bitcoin (BTC) after a week of boring price action. In the past 48 hours, BTC has tried to convincingly break past $8,000 and close a key four-hour or 12-hour candle above $8,200. While this auspicious event from a technical analysis standpoint hasn’t come to fruition just yet, some cheery analysts are coming to the conclusion that bulls will only continue to pressure BTC higher in the days to come. Financial Survivalism claimed that having found clear…

Bitcoin (BTC) Price Primed To Break $8.5K, Dips Remain Supported

Bitcoin price started a downside correction after trading close to $8,350 against the US Dollar. The price declined below the $8,000 support and tested the $7,600-7,630 support area. There is a short term bearish trend line forming with resistance near $8,100 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could retest the $7,600 support area before it could start a fresh increase above $8,200. Bitcoin price corrected lower recently below $8,000 against the US Dollar. However, BTC remains well bid above $7,600 and it…

Bitcoin (BTC) Price Flirts With Key Resistance: Upside Break Possible

Bitcoin price is facing a strong resistance near the $5,150 and $5,160 levels against the US Dollar. The price must break the $5,160 and $5,200 levels to start a strong rebound. There is a major bearish trend line forming with resistance near $5,160 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair is likely preparing for the next break either above $5,200 or towards $4,950. Bitcoin price is trading near a couple of important hurdles against the US Dollar. BTC seems to be preparing for…