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…

Bitcoin Price Watch: BTC Could Make a Sustained Move Lower

Bitcoin price extended losses and traded below the $3,400 and $3,375 supports against the US Dollar. There was a break below a major bullish trend line with support at $3,405 on the hourly chart of the BTC/USD pair (data feed from Kraken). The price is trading with a bearish bias and it could extend declines below $3,350 and $3,320. Bitcoin price failed to stay above $3,400 and extended decline against the US Dollar. BTC price broke the $3,375 support, opening the doors for more losses below the $3,320 support. Bitcoin…