Bitcoin Price (BTC/USD) Targets Fresh Weekly High Above $12.2K

Bitcoin price is trading nicely above the $11,650 and $11,500 supports sharply against the US Dollar. The price is likely to break the $12,000 resistance and continue higher in the coming sessions. There is a crucial contracting triangle forming with resistance near $12,000 on the hourly chart of the BTC/USD pair (data feed from Kraken). The price could either rally above $12,000 and $12,200 or it might start a fresh decrease below $11,500. Bitcoin price is trading with a positive bias above $11,500 against the US Dollar. BTC price is…

Bitcoin Price (BTC/USD) Is Holding Uptrend Support But $12K Holds Key

Bitcoin price traded to a new monthly high at $12,333 and corrected lower sharply against the US Dollar. The price is currently climbing higher after it tested the key $11,200 support area. Yesterday’s highlighted key bullish trend line was breached with support near $11,700 on the hourly chart of the BTC/USD pair (data feed from Kraken). The price could revisit the $12,000 resistance, which is now a major breakout zone. Bitcoin price is recovering from $11,200 against the US Dollar. However, BTC price must break the $12,000 resistance to continue…

Bitcoin Price (BTC/USD) Could Hit $12.2K Amid Strong Technical Bias

Bitcoin price extended gains above the $11,500 and $11,700 resistances against the US Dollar. The price is currently correcting lower after trading close to the $12,000 resistance. There is a connecting bullish trend line forming with support near $11,540 on the hourly chart of the BTC/USD pair (data feed from Kraken). The price remains in an uptrend and it could surpass $12,000 to test the $12,200 level. Bitcoin price is gaining bullish momentum above $11,500 against the US Dollar. BTC price might continue to climb higher towards $12,000 and $12,200…

Bitcoin Price (BTC/USD) Signaling Bullish Acceleration Above $10,500

Bitcoin price traded higher and broke the key $10,200 resistance area against the US Dollar. The price is placed nicely above the $10,200 level and it recently tested the $10,500 area. There is a major bullish trend line forming with support near $10,200 on the hourly chart of the BTC/USD pair (data feed from Kraken). The price remains in an uptrend and it may soon accelerate above the $10,500 resistance level. There were decent gains in bitcoin price above $10,200 against the US Dollar. BTC price is likely preparing for…

Bitcoin Price (BTC/USD) Correcting Gains, Dips Remain Supported

Bitcoin price climbed higher recently and broke the $10,000 resistance area against the US Dollar. The price retested the $10,200 resistance area and it is currently correcting lower. There was a break below a short term ascending channel with support near $10,020 on the hourly chart of the BTC/USD pair (data feed from Kraken). The price is currently correcting lower, but dips remain supported near the $9,850 and $9,800 levels. Recently, there was a nice upward move in bitcoin price above $10,000 against the US Dollar. BTC price retested the…

Bitcoin Price (BTC/USD) Signaling Bullish Continuation To $10,200

Bitcoin price formed a solid support near the $9,200 level and recently recovered against the US Dollar. The price is trading nicely above $9,500 and it recently tested the $9,770 level. There is a short term contracting triangle forming with resistance near $9,750 on the hourly chart of the BTC/USD pair (data feed from Kraken). The price is likely to continue higher once it clears the $9,750 and $9,800 resistance levels. In the past few hours, bitcoin price recovered above $9,500 against the US Dollar. BTC price is showing positive…

Bitcoin Price (BTC/USD) Holding Key Support But Lacks Momentum

Bitcoin price is currently consolidating above the key $9,300 support area against the US Dollar. The price is facing a few key resistances near the $9,500, $9,600 and $9,650 levels. There is a connecting bearish trend line forming with resistance near $9,500 on the hourly chart of the BTC/USD pair (data feed from Kraken). The price start a decent recovery as long as there is no downside break below the $9,300 support. After bearish moves, bitcoin price started consolidating above $9,300 against the US Dollar. However, BTC must gain momentum…

Bitcoin Price Eyes Support at $3,000 as BTC/USD Sets New Yearly Low

The bitcoin price on Friday plunged 6.5 percent against the US Dollar, breaking below the flagship cryptocurrency’s previous yearly low at $3,455. The bearish cycle took another turn after the Securities and Exchange Commission (SEC) halted its decision on the VanEck’s upcoming bitcoin ETF once again. The fundamental has been treated as one of the strongest bullish catalysts for the bitcoin market, with many believing that its approval would bring a minimum of $1 billion investment into space. In case the US regulator disapproves it, the market sentiment would be…

Bitcoin Price Watch: BTC/USD Primed To Test $3,000

Key Points Bitcoin price declined further and broke the $3,550 and $3,420 support levels against the US Dollar. There is a major bearish trend line formed with resistance at $3,700 on the hourly chart of the BTC/USD pair (data feed from Kraken). The price is likely to decline further and it may even test the $3,000 level in the near term. Bitcoin price declined heavily below $3,550 against the US Dollar. BTC/USD remains in a downtrend and it could even trade towards $3,000 or $2,800. Bitcoin Price Analysis After forming…

Bitcoin Price Watch: BTC/USD Bounce From Lows Could Fade Soon

Key Points Bitcoin price declined and broke the last swing low at $3,730 against the US Dollar. There are two crucial bearish trend lines in place with resistance at $3,850 and $3,900 on the hourly chart of the BTC/USD pair (data feed from Kraken). The price could face a solid resistance and it could decline back towards $3,730. Bitcoin price jumped back after trading towards $3,620 against the US Dollar. However, upsides remain capped near the $3,900 and buyers are likely to struggle. Bitcoin Price Analysis Recently, there was an…