Bitcoin Price Watch: BTC Likely Preparing For Bullish Ride

Bitcoin price is placed nicely above the $3,965 and $3,980 support levels against the US Dollar. There is a short term triangle forming with resistance at $4,045 on the hourly chart of the BTC/USD pair (data feed from Kraken). The price may continue to move higher towards $4,250 if there is a clear break above $4,080. Bitcoin price is gaining bullish momentum above $4,000 against the US Dollar. BTC remains supported on dips and it may soon climb above the $4,150 and $4,200 resistances. Bitcoin Price Analysis Yesterday, we discussed…

Bitcoin Price Watch: BTC Correcting Gains, But Dips Remain Supported

Key Points Bitcoin price recently traded as high as $3,919 and later started a downside correction against the US Dollar. There is a major bearish trend line formed with resistance at $3,800 on the hourly chart of the BTC/USD pair (data feed from Kraken). The price must stay above the $3,740 support level to bounce back in the near term. Bitcoin price started a downside correction towards $3,700 against the US Dollar. BTC could climb higher once again if buyers continue to defend $3,740. Bitcoin Price Analysis Yesterday, we saw…

Bitcoin Price Watch: BTC Primed To Break $4K

Key Points Bitcoin price is grinding higher and it recently broke the $3,900 resistance against the US Dollar. There is a key ascending channel formed with support at $3,850 on the hourly chart of the BTC/USD pair (data feed from Kraken). The price may decline a few points before it makes an attempt to clear the $4,000 resistance. Bitcoin price is showing positive signs above $3,800 against the US Dollar. BTC remains well supported on the downside for more gains above $4,000. Bitcoin Price Analysis Yesterday, we discussed that bitcoin…

Bitcoin’s Institutionalization: Dates to Watch in 2019

It’s been over a year since the Cboe and CME listed the world’s first bitcoin futures contracts, the first ever bitcoin investment product to hit the legacy market. Both futures went live just before bitcoin peaked at its $20,000 all-time high. Out-the-gate trading for the derivatives reflected 2017’s market mania, and Cboe’s futures alone traded over 800 contracts (roughly $12,000,000 at the time) within the first two hours of their launch. With the creation of these markets, the euphoric anticipation of bitcoin’s debut on Wall Street conjured up delusions of…

Bitcoin Price Watch: BTC Turned Bearish Below $3,800

Key Points Bitcoin price struggled to gain traction above the $3,840 and $3,900 resistance levels against the US Dollar. Yesterday’s highlighted major bearish trend line is intact with resistance at $3,720 on the hourly chart of the BTC/USD pair (data feed from Kraken). The price is currently trading in a bearish zone and it could extend losses below $3,500. Bitcoin price is under pressure below $3,800 against the US Dollar. BTC may correct a few points, but it remains sell on rallies near $3,720 and $3,800. Bitcoin Price Analysis There…

Bitcoin Price Watch: BTC Could Extend Losses Below $3,600

Key Points Bitcoin price failed to correct higher above the $3,840 and $3,900 levels against the US Dollar. There is a major bearish trend line in place with resistance at $3,800 on the hourly chart of the BTC/USD pair (data feed from Kraken). The price is currently at a risk of a downside break below the $3,660 and $3,600 support levels. Bitcoin price is consolidating losses above the $3,600 support against the US Dollar. BTC may continue to struggle and it could even break the $3,500 pivot area. Bitcoin Price…

Bitcoin Price Watch: BTC Basing For Next Bullish Wave Above $4K

Key Points Bitcoin price corrected lower recently and traded below the $3,800 support against the US Dollar. There was a break above a short term declining channel with resistance at $3,800 on the hourly chart of the BTC/USD pair (data feed from Kraken). The price is likely basing for a fresh upward move above the $3,900 and $4,000 resistance levels. Bitcoin price found support near the $3,680 level against the US Dollar. BTC might soon start a fresh bullish wave above the $4,000 resistance. Bitcoin Price Analysis Yesterday, we saw…

Bitcoin Price Watch: BTC’s Correction Could Extend To $3,500

Key Points Bitcoin price struggled to gain pace above the $4,240 level and declined recently against the US Dollar. There was a break below a major bullish trend line with support at $4,020 on the hourly chart of the BTC/USD pair (data feed from Kraken). The price is currently trading below the $3,850 support and it could decline further towards $3,500. Bitcoin price started a downside correction below $4,000 against the US Dollar. BTC might continue to move down towards the $3,600 or $3,500 support level. Bitcoin Price Analysis Yesterday,…

Bitcoin Price Watch: BTC Signaling Breakout Above $4,500

Key Points Bitcoin price traded higher and broke the $4,150 and $4,200 resistance levels against the US Dollar. There was a break above a major bearish trend line with resistance at $4,040 on the hourly chart of the BTC/USD pair (data feed from Kraken). The price is currently trading with a bullish bias and it could extend gains above $4,400 and $4,500. Bitcoin price climbed above the $4,150 barrier against the US Dollar. BTC looks set to trade further higher above the $4,400-4,500 resistance area in the near term. Bitcoin…

Bitcoin Price Watch: BTC Breaks $4,000, Trend Overwhelmingly Bullish

Key Points Bitcoin price extended gains and broke the $4,000 and $4,050 resistances against the US Dollar. Yesterday’s key bullish trend line is in place with support at $3,850 on the hourly chart of the BTC/USD pair (data feed from Kraken). The price is currently consolidating gains above $3,770 and it may continue to rise in the near term. Bitcoin price broke the key $4,000 resistance and later corrected lower against the US Dollar. BTC is in an uptrend and dips remain supported near $3,850 or $3,770. Bitcoin Price Analysis…