Bitcoin Price Weekly Analysis - Upside Continuation
Bitcoin Price Key Highlights. The Bitcoin price started the second wave higher after finding support around an important area of 220.0. There is a bullish trend line formed on the 4-hours chart, which is acting as a catalyst for an upside move. Bitcoin price gained a lot of traction this past week, and it looks like buyers might able to take the price above 240.0. Trend Line Support. The Bitcoin price traded with a positive tone this past week. In the second wave, the Bitcoin price found support near 220.0. The upside was sharp, and during the up-wave, there is a bullish trend line formed....
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Bitcoin Price Key Highlights. Bitcoin's price is stuck in a consolidation pattern once more, as bulls are taking a break from their recent strong rally. This type of consolidation pattern has already been seen in the past, with Bitcoin's price making an upside breakout from the bullish continuation signal. The Bitcoin price has formed a bullish flag pattern on its 1-hour time frame, which suggests that more buyers could join the game once an upside breakout occurs. How High Can It Go? The mast of the bullish flag continuation pattern is approximately $30 in height, spanning from $395 to....
Bitcoin price climbed higher this past week. And, looking at the current market sentiment there is a chance of more upsides in the short term. Major Support Level may be $422. Major Resistance Level can be $435. Bitcoin price enjoyed a decent upside move this past week, as buyers were successful in taking it above the $400 resistance area. The stated level acted as a hurdle for them on many occasions, and a weekly close above it means a lot of optimism. The price traded a few points above the $430 level, and it looks like the price may trade down or correct in order to gain bids in the....
The Waves protocol (WAVES) price has remained in a channel against Tether (USDT) as it attempts to break out of this trend. Despite the recent shift in the market trend, Waves protocol (WAVES) has shown little to no significant movement, as many altcoins rallied and produced double-digit gains. (Binance data) Related Reading: Bitcoin Trading Hikes On DBS Digital Exchange Despite Crypto Winter The Weekly Chart Analysis For WAVES Protocol (WAVES) According to the chart, WAVES hit a weekly low of $4.2, then bounced back to $5. Considering its all-time high of more than $60, this isn’t....
Bitcoin price has formed a three white soldiers pattern on its weekly chart, confirming that further gains are in the cards. Bitcoin Price Key Highlights. Bitcoin price could be in for a continuation of its bullish run after this chart pattern formed on its weekly time frame. A three white soldiers formation can be seen with those three bullish candlesticks after a brief period of consolidation. This signals that buyers aren’t done with their rallies, potentially taking bitcoin price to the next area of interest at $800-850 then onto $900-1,000. Technical Indicators Signals. The 100 SMA is....
Bitcoin price after a monstrous ride corrected lower towards $650 against the USD. It looks like the BTC/USD is positioning for another move higher. Key Points. Bitcoin price jaw dropped back towards $650 after a solid ride towards the $750 level. There is a crucial bullish trend line formed on the 4-hours chart (data feed from SimpleFX) of BTC/USD, which is acting as a support zone. The 100 simple moving average is also on the downside, acting as a barrier for sellers. Bitcoin Price Buy Dips? I mentioned in my last weekly analysis that Bitcoin price remains in an uptrend against the US....