US Bank Say Bitcoin (BTC) is a Bubble, Will Price Fall?

Bitcoin (BTC) in range mode JP Morgan Strategists say current prices echo those of late 2017 and could burst After analyzing Bitcoin as a commodity, JP Morgan strategists now say there is a divergence between actual and intrinsic values and that Bitcoin echoes the spike of Dec 2017. In their view, the only correction is a drastic reduction in price against analysts’ projections. Bitcoin Price Analysis Fundamentals Analysts believe that the dilapidating winter of last year is over. In six weeks starting from early April, Bitcoin (BTC) prices have been…

Bitcoin (BTC) Price Weekly Prediction: Indicators Suggest Rally To $9,000

There was a strong buying interest for bitcoin near the $6,800 support area against the US Dollar. The price started a fresh increase and broke the $7,000 and $7,500 resistance levels. There was a break above a major contracting triangle with resistance near $7,300 on the 4-hours chart of the BTC/USD pair (data feed from Kraken). The pair is eyeing a strong rise and it could trade above $8,500 and $8,800 in the near term. Bitcoin price is up more than 10% after a strong downside correction against the US…

Bitcoin (BTC) Price Correcting Gains: Key Supports Nearby

Bitcoin price traded to a new 2019 high at $8,370 and recently corrected lower against the US Dollar. The price traded below the $8,200 support, but there are many supports above $7,800 and $7,600. This week’s followed bullish trend line could provide support at $7,800 on the hourly chart of the BTC/USD pair (data feed from Kraken). There were strong gains in Ethereum (broke $265) and ripple (tested $0.4800) in the past few hours. Bitcoin price traded further higher before it faced sellers near $8,370 against the US Dollar. BTC…

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 Critics to Catch FOMO at BTC $10,000, Says Crypto Bull Tom Lee

By CCN: Bitcoin’s run higher is igniting a wave of fear-of-missing-out (FOMO) among those who gloated about the cryptocurrency’s imminent demise. Fundstrat Co-Founder Tom Lee recently took time to engage with crypto Twitter now that bitcoin’s price has rebounded considerably. Through a Twitter poll, he asked, “At what price will see FOMO from those who gloated about 90% crash in BTC?” Before he closed the voting over the weekend, nearly 8,000 people had participated. Most of them believe bitcoin hitting $10,000 again will bring naysayers to their knees, causing them…

Bitcoin Price Falls 6%; Is BTC Really Vulnerable to Plunge below $6,000?

By CCN: In the past 24 hours, following an intense 25 percent rally within a seven-day span, the bitcoin price has slightly retraced to around $7,000 from its peak at $7,500, by nearly 6 percent. Several technical analysts expected a minor retracement to occur as the bitcoin price surged from $5,000 to $7,500 in a relatively short time frame, demonstrating a parabolic upside movement. The bitcoin price has dropped by more than six percent in the last 24 hours in a slight correction (source: coinmarketcap.com) Although technical indicators of bitcoin…

Bitcoin (BTC) Price Uptrend Intact Despite Recent Corrective Decrease

Bitcoin price rallied to a new 9-month high towards $7,500 before correcting lower against the US Dollar. The price declined below the $7,000 support level, but it found strong bids near $6,750. There is a new connecting bullish trend line forming with support at $6,940 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair is currently in an uptrend and it is likely to climb back above $7,200 and $7,250. Bitcoin price corrected sharply from $7,500 against the US Dollar. BTC tested key supports and…

Another ETF Application Flash with Bitcoin (BTC) Milestone, Next $8,500?

Bitcoin (BTC) surge, blast above $6,000 The US SEC considering another ETF application It’s a new milestone for Bitcoin. After Q4 2018 steep losses, Bitcoin (BTC) is trading above $6,000 for the first time in more than five months. Even so, we expect more upsides, and with the US SEC considering another ETF application, prices could soar to $7,500 as sentiment shift, boosting prices. Bitcoin Price Analysis Fundamentals The market is vibrant, and Bitcoin is a standout. After overcoming this week’s FUD thanks to an unexpected Binance heist, market participants…

Bitcoin (BTC) Price Defies Gravity With Upsurge, Bulls Aiming $6.5K

Bitcoin price was unfazed and it recently broke the $6,200 resistance level against the US Dollar. The price even broke the $6,300 level and it seems like the bulls are now aiming $6,500. There is a major bullish trend line forming with support at $6,050 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could find a strong buying interest if it corrects lower towards $6,100 or $6,000. Bitcoin price rallied more than 4% and cleared $6,300 against the US Dollar. BTC remains in a…