Technical Analysis of BTC USD

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Bitcoin (BTC/USD) close to test an upside target, 10k in sight?
Bitcoin (BTC/USD) close to test an upside target, 10k in sight?
The Bitcoin continues to point north, in an attempt to consolidate the price action in favor of the bulls. Finally, we could observe the resistance level of 8907 breaking and this puts the focus on the Fibonacci level of -23.6% in 9486. The bulls continue to gain traction and we may continue to see ...
1
Bitcoin (BTC/USD) could perform another bearish correction
Bitcoin (BTC/USD) could perform another bearish correction
The cryptocurrency is still looking for catalysts that allow it to strengthen the bullish bias in the short and medium term, now pointing to the psychological level of 10000. The 200-hour moving average continues to guide the way and the current trend suggests that more bullish action could come, on...
1
Bitcoin (BTC/USD) looking forward to test the 8900 handle
Bitcoin (BTC/USD) looking forward to test the 8900 handle
The Bitcoin has managed to break the highs of the session on April 15 and it seems that the outbreaks would be set at the Fibonacci level of -23.6% at 8706. Buyers had the opportunity during Friday to be able to dominate the price action, which it was confined to a narrow range around the 50-hour mo...
1
Bitcoin (BTC/USD) still undecided, hovers around a key resistance
Bitcoin (BTC/USD) still undecided, hovers around a key resistance
The price action in Bitcoin continues to be tight and profits remain limited in the short term. The cryptocurrency is above the 50-hour moving average, which is pointing to a neutrality. The support offered by the Fibonacci level of 23.6% is a key pivot for the development of the general trend. In a...
0
Bitcoin (BTC/USD) on its way to reach the 200-hr SMA
Bitcoin (BTC/USD) on its way to reach the 200-hr SMA
It seems that Bitcoin has entered a corrective stage after having encountered resistance at the level of 8275. This is allowing an approximation to the 200-hour moving average, which could provide dynamic support for the cryptocurrency, due to the proximity has with the Fibonacci level of 38.2% in 7...
0
Bitcoin (BTC/USD) poised to make a fresh bearish correction
Bitcoin (BTC/USD) poised to make a fresh bearish correction
The Bitcoin was favored by the bulls over the weekend, although the 8200 level has proved to be a strong contention barrier for buyers in the short term. This has allowed the cryptocurrency to consolidate below the 50-hour moving average, which could accommodate more falls in the coming days. This m...
1
Bitcoin (BTC/USD) inside a retracement in favor of the bulls
Bitcoin (BTC/USD) inside a retracement in favor of the bulls
The bullish consolidation in Bitcoin remained alive during the Friday session and we could see that there was a break in the resistance level of 7586, now support. At the moment, cryptocurrency finds resistance in the 8033 area, where bears are appearing to make a bearish push in the coming days. Th...
1
Bitcoin (BTC/USD) pointing upwards in the short term
Bitcoin (BTC/USD) pointing upwards in the short term
Finally, the opportunity has arrived that the bulls have been waiting for several days and the Bitcoin managed to break the resistance in 6926 and now we are seeing that the level of 7586 is serving as a barrier of contention for buyers in the short term. This move could be validating the idea of ​a...
0
Bitcoin (BTC/USD): bullish prospects above $6800
Bitcoin (BTC/USD): bullish prospects above $6800
The bulls had a chance to take a break, as the price of Bitcoin traded slightly higher during the session on Wednesday, currently moving around the 200-hour moving average, which has historically served as dynamic resistance in the short term. This would rule out the idea of a bearish divergence in ...
1
Bitcoin (BTC/USD) still struggles to find a direction
Bitcoin (BTC/USD) still struggles to find a direction
The price action in Bitcoin has not shown interesting signs of trading and the recently established levels of support and resistance are still intact in the short term. In the case of the 6926 level, the bulls have not gained enough momentum to consolidate above the 200-hour moving average. On the o...
0
Bitcoin (BTC/USD) could make a break lower
Bitcoin (BTC/USD) could make a break lower
There were no major changes during the weekend in the crypto space and in the case of Bitcoin, we could observe that the price action did not vary much since the 200-hour moving average served as a reference to guide the way in the short term. The support level of 6281 is still an area of interest f...
0
Bitcoin (BTC/USD): bulls are lacking of momentum in the short-term
Bitcoin (BTC/USD): bulls are lacking of momentum in the short-term
The bearish pressure remains in the Bitcoin, although during the April 5 session we did not see major changes in the price structure. The 200-hour moving average is still validated as a strong dynamic resistance across the board and we still do not see an invalidation of the bullish divergence forme...
1
Bitcoin (BTC/USD): critical support placed at $6281
Bitcoin (BTC/USD): critical support placed at $6281
The bearish pressure remains in the Bitcoin, although during the April 5 session we did not see major changes in the price structure. The 200-hour moving average is still validated as a strong dynamic resistance across the board and we still do not see an invalidation of the bullish divergence forme...
0
Bitcoin (BTC/USD): further new lows in sight?
Bitcoin (BTC/USD): further new lows in sight?
The cryptocurrency is at a decisive stage and this is because the 200-hour moving average is exerting selling pressure. However, this is a signal that can be confusing, due to the bullish divergence that has formed in the H1 chart, as we can see in the MACD indicator, which could be an indication th...
4
Bitcoin (BTC/USD) looking to break above the 200-hr SMA
Bitcoin (BTC/USD) looking to break above the 200-hr SMA
Bitcoin has managed to recover from the support level of 6281 and we are currently seeing a break of a bearish channel on the H1 chart. The price is hovering around the 200-hour moving average, where cryptocurrency could find dynamic resistance to resume the bearish bias at any time. The Liechtenste...
0
Bitcoin (BTC/USD) poised to test fresh lows in the short-term
Bitcoin (BTC/USD) poised to test fresh lows in the short-term
Monday's session was marked by low liquidity in the markets and in the crypto space was not the exception. There were some attempts to recover bullish bias above the 6700 level, but the momentum has not been strong enough to take Bitcoin to new heights. However, we are seeing a possible breakdown of...
1
Bitcoin (BTC/USD) trading inside a bearish channel
Bitcoin (BTC/USD) trading inside a bearish channel
The bears are not giving up in terms of price action in Bitcoin, also invalidating the hypothesis we had raised with the Fibonacci retracement projected in the H1 chart. We are currently observing the formation of a bearish channel, which is suggesting that cryptocurrency still has room for more fal...
1
Bitcoin (BTC/USD): 7,608 again in sight?
Bitcoin (BTC/USD): 7,608 again in sight?
A wave of sellers has hit Bitcoin again, which is currently trading below the moving averages of 50 and 200 hours, which gave rise to a bearish crossover on the H1 chart. This is allowing cryptocurrency to depreciate towards the Fibonacci level of 78.6% in 7068; a level that had already been tested ...
0
Bitcoin (BTC/USD): sellers losing momentum at 8,906
Bitcoin (BTC/USD): sellers losing momentum at 8,906
Bitcoin has entered a consolidation phase that has been maintained over the weekend, with gains limited by the resistance of 8906. The 200-hour moving average seems to be giving Cryptocurrency bullish momentum to continue on its way above of the key level of 10000, after having found support on the ...
0
Bitcoin (BTC/USD) facing resistance around 8,724
Bitcoin (BTC/USD) facing resistance around 8,724
Bitcoin has entered a phase of relaxation since the highs of March 21 and is now approaching the 200-hour moving average. This is allowing it to erase a bit the overbought levels that he reached after the rebound from the Fibonacci level of 78.6% in 7068, so the spotlights would be put on a new visi...
0
Bitcoin (BTC/USD): it’s time for the bullish momentum
Bitcoin (BTC/USD): it’s time for the bullish momentum
The bulls have appeared again on the scene and are pushing the Bitcoin to play new weekly highs. During the session on Tuesday, we observed a break above the 200-hour moving average and it is important to note that the Fibonacci level of 78.6% in 7068 remained a firm support in the short term. The P...
1
Bitcoin (BTC/USD): last chance for the bulls?
Bitcoin (BTC/USD): last chance for the bulls?
It seems that there is a truce between buyers and sellers in the short term because the Bitcoin is moving around the 200-hour moving average, which could exercise dynamic resistance in the short term. In previous reports, we addressed the idea that cryptocurrency fractured a bearish channel in the H...
1
Bitcoin (BTC/USD) piercing above bearish channel
Bitcoin (BTC/USD) piercing above bearish channel
The Bitcoin has put a brake on the fall that was sustained during the past weekend and is now recovering in an area of importance to sellers. This is because the BTC/USD pair broke a bearish channel and managed to consolidate above the 50-hour moving average. Now, the lights are on the road to the n...
2
Bitcoin (BTC/USD) forming a bearish channel in the short-term
Bitcoin (BTC/USD) forming a bearish channel in the short-term
It has not been a good weekend in the crypto space and a reflection of this can be found in Bitcoin, which has managed to consolidate its price action below the level of 8000. Since the session of March 12th has been strengthening the bearish bias with the formation of a channel that is guiding the ...
1
Bitcoin (BTC/USD): 7,000 on the eye?
Bitcoin (BTC/USD): 7,000 on the eye?
Bitcoin has finally invalidated the double bottom pattern that we had raised in previous reports, as a wave of sellers came from the uncertainty generated by Google's recent ban on advertising related to cryptocurrency in its ads service. This news was clearly digested negatively by the BTC. During ...
1
Bitcoin (BTC/USD): a triple bottom pattern coming soon?
Bitcoin (BTC/USD): a triple bottom pattern coming soon?
The Bitcoin has resumed the bearish bias in the short term and now is heading to touch the double bottom that formed around the Fibonacci level of 61.8% in 8041. This could well be the indicator that cryptocurrency could form a triple bottom pattern, due to the buyer interest in the area mentioned a...
2
Bitcoin (BTC/USD) with buyers highly active around 8,700
Bitcoin (BTC/USD) with buyers highly active around 8,700
The Bitcoin keeps the supports found during the weekend, which helped the formation of a double bottom pattern in the H1 chart. The consistency of the price suggests that buyer interest has been appearing gradually and that is why the 65% Fibonacci level remains an important area for the cryptocurre...
1
Bitcoin (BTC/USD): double bottom in place at H1 chart
Bitcoin (BTC/USD): double bottom in place at H1 chart
The double bottom that has been formed in the Bitcoin H1 chart is still intact and is helping to supply enough demand to see a bullish continuation in the short term. The current price is close to the 200-hour moving average, which should offer some dynamic resistance and push cryptocurrency to cont...
1
Bitcoin (BTC/USD): corrective phase already done?
Bitcoin (BTC/USD): corrective phase already done?
During the weekend we were able to observe something important for the Bitcoin price action: support. The outlook seemed to be in favor of the bears in the short term, but during the day of March 11, the BTC/USD pair has encountered a strong barrier of buying contention that is causing the Fibonacci...
0
Bitcoin (BTC/USD) hovering near a key demand zone
Bitcoin (BTC/USD) hovering near a key demand zone
Fears for a regulation of the cryptocurrency market reappeared and this became more evident in the price action in Bitcoin, which finally managed to break the 10000 barrier in the last hours, thus consolidating below the average 200 hours mobile This movement has been important because it is once ag...
1
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