Bitcoin Price Watch: BTC Set For Further Gains, Downsides Limited

Bitcoin price stayed above the key $3,560 support area, with range moves against the US Dollar. This’s week’s followed bearish trend line is intact with resistance at $3,590 on the hourly chart of the BTC/USD pair (data feed from Kraken). The price could gain bullish momentum if there is a proper close above $3,590 and $3,600. Bitcoin price is trading nicely in a bullish zone above $3,560 against the US Dollar. BTC is likely to accelerate gains above $3,600 as long as the price stays above the $3,540 support. Bitcoin…

Bitcoin Price Watch: BTC Could Accelerate Gains Above $3,650

Bitcoin price is holding the key support near the $3,580 zone against the US Dollar. Yesterday’s contracting triangle is in place with resistance near $3,610 on the hourly chart of the BTC/USD pair (data feed from Kraken). The price is likely preparing for the next bullish break above $3,610, $3,620 and $3,650. Bitcoin price is setting up for the next crucial break against the US Dollar. BTC could gain bullish momentum if it clears the $3,620 and $3,650 resistance levels in the near term. Bitcoin Price Analysis Recently, we saw…

Bitcoin Price Watch: BTC Could Correct Lower Before Fresh Rally

Bitcoin price rallied towards the $3,750 level and later started a downside correction against the US Dollar. There is a key bearish trend line formed with resistance at $3,640 on the hourly chart of the BTC/USD pair (data feed from Kraken). The price is likely to correct lower towards the $3,550 or $3,500 support levels before a fresh rally. Bitcoin price climbed higher and settled above the $3,500 resistance against the US Dollar. BTC is currently correcting lower, but dips remain supported above the 100 hourly SMA. Bitcoin Price Analysis…

Bitcoin Price Watch: Upsides In BTC Likely To Be Capped

Bitcoin price is trading in a range above the $3,345 support level against the US Dollar. There is a major bearish trend line formed with resistance at $3,375 on the hourly chart of the BTC/USD pair (data feed from Kraken). The price is likely to face a strong resistance near the $3,375 and $3,400 levels. Bitcoin price is currently consolidating losses above $3,340 against the US Dollar. BTC could correct a few points, but upsides are likely to remain capped near $3,400. Bitcoin Price Analysis There was a short-term support…

Bitcoin Price Watch: BTC Turned Sell On Rallies Near $3,400

Bitcoin price declined further and traded towards the $3,320 support level against the US Dollar. There is a key connecting bearish trend line formed with resistance at $3,400 on the hourly chart of the BTC/USD pair (data feed from Kraken). The price could correct higher, but it is likely to face sellers near $3,375 and $3,400. Bitcoin price extended losses below the $3,350 support against the US Dollar. BTC might attempt a recovery, but sellers are likely to defend gains above the $3,400 resistance. Bitcoin Price Analysis Yesterday, we saw…

Bitcoin Price Watch: BTC Consolidating Amid Low Volatility and Volume

Bitcoin price trading in a tight range above the $3,375 support area against the US Dollar. There is a key connecting bullish trend line formed with support at $3,400 on the hourly chart of the BTC/USD pair (data feed from Kraken). The price might correct higher in the short term towards the $3,430 and $3,350 resistances. Bitcoin price is struggling to gain bullish momentum above $3,450 against the US Dollar. BTC price might continue to trade in a range until trading volumes and volatility picks up. Bitcoin Price Analysis In…

Bitcoin Price Watch: BTC Rally Remains Attractive To Sellers

Bitcoin price traded to a new monthly low towards $3,340 and later recovered against the US Dollar. Yesterday’s highlighted key bearish trend line is intact with resistance at $3,450 on the hourly chart of the BTC/USD pair (data feed from Kraken). The price may start a short term rebound if there is a proper break above $3,450 and $3,480. Bitcoin price dipped to a new yearly low and later recovered against the US Dollar. BTC could decline once again if it fails to break the $3,450-3,480 resistance area in the…

Bitcoin Price Watch: BTC Bears Eyeing Test of $3,000

Bitcoin price extended its decline and traded below the $3,440 support level against the US Dollar. There is a major bearish trend line formed with resistance at $3,460 on the hourly chart of the BTC/USD pair (data feed from Kraken). The price is currently under a lot of pressure and it may slide further towards $3,200 or $3,000. Bitcoin price accelerated losses below the $3,500 support against the US Dollar. BTC bears are in full control and it seems like they are eyeing a test of the $3,000 level. Bitcoin…

Bitcoin Price Watch: BTC Could Extend Decline To $3.2K-3.0K

Bitcoin price failed to stay above the $3,520 and $3,480 support levels against the US Dollar. There is a strong resistance formed near $3,500 and a bearish trend line on the hourly chart of the BTC/USD pair (data feed from Kraken). The price tested the $3,400 support and it remains at a risk of more losses towards $3,200 or $3,000. Bitcoin price moved into a bearish zone below $3,500 against the US Dollar. BTC might extend the current decline towards the next key support at $3,200 or even $3,000. Bitcoin…

Bitcoin Price Watch: BTC Could Make a Sustained Move Higher

Bitcoin price traded higher and broke the $3,550 resistance level against the US Dollar. There is a connecting bullish trend line formed with support at $3,545 on the hourly chart of the BTC/USD pair (data feed from Kraken). The price is showing positive signs above the $3,545 level, but it must break the $3,585 resistance. Bitcoin price is slowly moving higher with positive signs against the US Dollar. BTC needs to overcome sellers near $3,580 and $3,600 for a sustained move higher in the near term. Bitcoin Price Analysis After…