Bitcoin Price | Brian Kelly Tells CNBC Watch for Rising Price

Bitcoin enthusiast and crypto fund manager Brian Kelly has told CNBC that Bitcoin price could rise further in the coming months. His prediction isn’t unfounded; there is an impending supply cut on the horizon and this should help to push prices higher. Brian Kelly Predicts Bitcoin Price will Rise In an interview on CNBC’s Fast Money program yesterday, May 21st, Kelly explained that “the halvening,” which is due to take place in 2020, will cut mining rewards in half. As such, he expects miners to begin hoarding BTC if they aren’t…

Bitcoin Price Watch: BTC Primed For Lift-off To $5,500

Bitcoin price remained well supported above the $5,200 and $5,160 levels against the US Dollar. The price is slowly grinding higher and it may well climb above the $5,350 level. There is a major ascending channel in place with support at $5,210 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair is trading nicely in an uptrend and it could continue to climb towards $5,400 and $5,500. Bitcoin price remained well supported on the downside above $5,200 against the US Dollar. BTC is trading nicely…

Bitcoin (BTC) Price Watch: Market Presents Last Chance To Buyers

Bitcoin price struggled to climb above the $3,990 and $4,000 resistance levels against the US Dollar. The price declined again and retested the key $3,940 support area and the 100 hourly SMA. There is a short term bearish trend line in place with resistance at $3,980 on the hourly chart of the BTC/USD pair (data feed from Kraken). Buyers might have the last chance for an upside break above the $4,000 resistance. Bitcoin price is holding an important support near $3,940 against the US Dollar. BTC is likely to make…

Bitcoin Price Watch: BTC Confined In Tiny Ranges Below Key Resistance

Bitcoin price spiked above the key $3,860 resistance level, but it failed to gain pace against the US Dollar. The price is trading in a range below the $3,860 and $3,900 resistance levels. There is a short-term ascending channel in place with support at $3,800 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could dip towards the $3,740 support level before a fresh rebound towards $3,860. Bitcoin price is stuck in tiny ranges below the $3,860 resistance against the US Dollar. BTC could correct…

Bitcoin Price Watch: BTC Could Rally Above $4,000 If It Breaks $3,900

Bitcoin price declined sharply below the $3,750 support and tested $3,650 against the US Dollar. The price bounced back from the $3,653 low and broke the key $3,750 resistance. There was a break above a major bearish trend line with resistance at $3,785 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair is likely to gain bullish momentum above the $3,860 and $3,900 resistance levels. Bitcoin price tumbled below $3,700 and later recovered sharply against the US Dollar. BTC is pointing bullish signals and it…

Bitcoin Price Watch: BTC Remains Sell Until It Breaks 100 SMA

Bitcoin price is slowly recovering and it is currently trading above the $3,750 support against the US Dollar. There was a break above a short term contracting triangle with resistance at $3,795 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair is likely to struggle near the $3,860 resistance and the 100 hourly simple moving average. Buyers could gain traction only if there is a close above $3,900 and the 100 hourly SMA in the near term. Bitcoin price formed a decent support and recovered…

Bitcoin Price Watch: BTC Recovery Won’t Be Easy Above $3,900

Bitcoin price declined heavily and later found support near the $3,630 level against the US Dollar. The price recovered recently and traded above the $3,700 and $3,750 resistance levels. There is a short term ascending channel in place with resistance at $3,880 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair is likely to face a strong resistance near the $3,880 and $3,900 levels in the near term. Bitcoin price started a decent recovery above $3,750 against the US Dollar. However, BTC is likely to…

Bitcoin Price Watch: BTC Bulls And Bears Lock Horns For Next Break

Bitcoin price spiked towards the $4,000 resistance, but failed once again versus the US Dollar. The price traded lower and broke the $3,950 and $3,940 support levels. There was a break below a connecting bullish trend line with support at $3,925 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair remains well supported above $3,860 and the 100 hourly simple moving average. Bitcoin price is still facing a strong resistance near the $4,000 zone against the US Dollar. BTC bears and bulls locked horns as…

Bitcoin Price Watch: BTC Readies For Bullish Acceleration Above $4,000

Bitcoin price is well supported on the downside near the $3,900 and $3,850 supports against the US Dollar. The price is likely to accelerate gains above the $3,975 and $4,000 resistance levels. There is a major bullish trend line formed with support at $3,900 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could dip a few points, but buyers are likely to protect declines below $3,850. Bitcoin price is likely setting up for the next break above $4,000 against the US Dollar. BTC could…

Bitcoin Price Watch: BTC Turned Buy On Dips, Uptrend Intact

Bitcoin price formed a strong support near the $3,550 level and traded higher against the US Dollar. There was a break above a major bearish trend line with resistance at $3,610 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair broke the $3,650 and $3,700 resistance levels to move into a positive zone. A high was formed at $3,732 before the price started a downside correction. Bitcoin price gained traction and broke the key $3,600 resistance against the US Dollar. BTC is now placed nicely…