Bitcoin Price & Technical Analysis: BTC Back Up

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Bitcoin Price & Technical Analysis: BTC Back Up
The major crypto is rising again, trading around $5,254.28 on April 18.
Bitcoin Price & Technical Analysis: BTC Back Up

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Source: CoinSpeaker

Bitcoin Price Analysis: BTC/USD Continues Sideways, Expecting Breakout at $5,299

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Bitcoin Price Analysis: BTC/USD Continues Sideways, Expecting Breakout at $5,299
The bullish breakout of Bitcoin price at $5,299 level will expose the coin to $5,574 resistance level which may be its target in case the bulls increase its pressure. Should the resistance level of $5,229 holds, BTC price may continue its ranging movement.
Bitcoin Price Analysis: BTC/USD Continues Sideways, Expecting Breakout at $5,299

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Source: CoinSpeaker

Bitcoin Price & Technical Analysis: BTC Took a Break but May Still Rise

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Bitcoin Price & Technical Analysis: BTC Took a Break but May Still Rise
Bitcoin took a break but may still rise – reports Dmitriy Gurkovskiy, chief analyst at RoboForex.
Bitcoin Price & Technical Analysis: BTC Took a Break but May Still Rise

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Source: CoinSpeaker

Bitcoin Price Analysis: BTC/USD is Targeting $4,742 Price Level

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Bitcoin Price Analysis: BTC/USD is Targeting $4,742 Price Level
Should the Bears increase their momentum and break down the support level of $4,988, then Bitcoin price will continue downtrend movement towards $4,742 level. Should the support level of $4,988 hold, BTC may bounce and face the north.
Bitcoin Price Analysis: BTC/USD is Targeting $4,742 Price Level

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Source: CoinSpeaker

Bitcoin Price Analysis: BTC/USD Expected to Break Up $5,299 Rising Towards $5,574

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Bitcoin Price Analysis: BTC/USD Expected to Break Up $5,299 Rising Towards $5,574
The breakup of strong resistance level of $5,299 by the Bulls with increased momentum will make Bitcoin price to rally towards $5,574 resistance level. Should the Bears defend the level the second time, BTC price may fall.
Bitcoin Price Analysis: BTC/USD Expected to Break Up $5,299 Rising Towards $5,574

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Source: CoinSpeaker

Bitcoin Price & Technical Analysis: BTC Rallying. By Chance or not by Chance: That Is the Question

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Bitcoin Price & Technical Analysis: BTC Rallying. By Chance or not by Chance: That Is the Question
The BTC is still going up on Apr 4, currently trading at around $5,020.50.
Bitcoin Price & Technical Analysis: BTC Rallying. By Chance or not by Chance: That Is the Question

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Source: CoinSpeaker

Bitcoin Price Analysis: BTC/USD Price Rises Towards $5,299

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Bitcoin Price Analysis: BTC/USD Price Rises Towards $5,299
The Bulls may still push Bitcoin price up towards $5,299 in case the Bulls sustain its momentum, though pullback is inevitable.
Bitcoin Price Analysis: BTC/USD Price Rises Towards $5,299

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Source: CoinSpeaker

Bitcoin Price Analysis: BTC/USD Consolidates at $4,050, the Breakout is Imminent

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Bitcoin Price Analysis: BTC/USD Consolidates at $4,050, the Breakout is Imminent
In case the demand level of $4,050 does not hold and the Bears increase its momentum, Bitcoin price will find its support at $3,903 price level. Should the Bulls defend $4,050 price level, BTC will resume back to its uptrend movement.
Bitcoin Price Analysis: BTC/USD Consolidates at $4,050, the Breakout is Imminent

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Source: CoinSpeaker

Bitcoin Price & Technical Analysis: BTC Trying to Continue Rising

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Bitcoin Price & Technical Analysis: BTC Trying to Continue Rising
Bitcoin is trying to continue rising, says Dmitriy Gurkovskiy, chief analyst at RoboForex.
Bitcoin Price & Technical Analysis: BTC Trying to Continue Rising

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Source: CoinSpeaker

Bitcoin Price Analysis: BTC/USD Remains Near $4,050 Price Level

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Bitcoin Price Analysis: BTC/USD Remains Near $4,050 Price Level
Increase in the Bulls’ momentum will make Bitcoin rally towards the resistance level of $4,254 as its target but lose in the Bull’s momentum may lead to further consolidation around $4,050 price level.
Bitcoin Price Analysis: BTC/USD Remains Near $4,050 Price Level

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Source: CoinSpeaker

Bitcoin Price Analysis: BTC/USD is Heading Towards $4,254 Level

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Bitcoin Price Analysis: BTC/USD is Heading Towards $4,254 Level
Should the Bulls maintain their momentum, it will lead to heavy buy-off that will send Bitcoin price to the resistance level of $4,254 but lose in the Bull’s momentum may lead to consolidation around $4,050 price level.
Bitcoin Price Analysis: BTC/USD is Heading Towards $4,254 Level

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Source: CoinSpeaker

Bitcoin Price Analysis: BTC/USD is Preparing for a Big Move

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Bitcoin Price Analysis: BTC/USD is Preparing for a Big Move
The radical bull force will make Bitcoin rally towards $4,050 resistance level which may expose the $4,254 level. In case the bears defend the $4,050 level and the momentum is strong to penetrate the support level of $3,903 BTC will find its low at $3,774.
Bitcoin Price Analysis: BTC/USD is Preparing for a Big Move

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Source: CoinSpeaker

Bitcoin [BTC] Price Analysis: Price Might Have Started a Downtrend

The price of BTC/USD reached a high of $4225 on February 24th, before generating bearish divergence in the RSI and the MACD and sharply breaking down. While it initially tried to rebound, that proved unsuccessful and the price made a bottom near $3750. Since then, it has been trading inside a parallel ascending channel, with multiple attempts at a breakout above $4050.
Key Highlights:

There is major resistance near $4400 and minor resistance near $4000
There are minor support areas near $3800 and $ 3650.
The price is trading inside an ascending parallel channel
There is medium and short-term bearish divergence.
The price is trading below the short and medium-term moving averages.
The price is right on the support line

It is currently on the edge of the support line, a breakdown being very close. This movement has been going on for the past 14 days and 20 hours. The price has generated medium and short-term bearish divergence in both the RSI and the MACD. Furthermore, is trading below the medium-term moving averages and inside Ichimoku Cloud. There are short-term signs that price has already started a downtrend.
Bitcoin Price Analysis – BTC/USD – 2 Hours Chart

Chart Source: Tradingview, Bitfinex
A look at the 2-hour chart shows us that after briefly trading at $4250, the price dropped sharply through a massive bearish engulfing candle which occurred on significant volume. The drop was preceded by bearish divergence in both the RSI and the MACD.  Price enjoyed an ultimately unsuccessful bounce, before ultimately breaking down to the support area near $3800 and starting an upward move. It is currently trading on the lower edge of an ascending parallel channel, which is a neutral pattern. This movement has been going on for roughly 15 days.
As for the indicators, the price is trading below the 21 and 50-period MA which have made a bearish cross.. Since the March 5 high, there is bearish divergence developing in the MACD and in its histogram. Furthermore, it has made a bearish cross and is dropping, finally falling into negative territory.  Similarly, the RSI has developed significant bearish divergence since the March 5 high and is currently trading at 38, close to oversold conditions.
BTC/USD – Price Analysis – 30 Minutes Chart

Chart Source: Tradingview, Bitfinex
A look at the 30-minutes chart shows that after the drop, price bottomed at $3780 and created a support area near it. Since the bottom, it created an ascending support line which was validated again by a wicked drop on March 9 and recently on March 11. It has made several unsuccessful attempts at breaking out above $4050 and has traded in an ascending parallel channel.
As for the indicators, the RSI and the MACD have both created bearish divergence since the March 5 high. This divergence has occurred at the six highs reached by the price. The bearish divergence has also occurred on the MACD, which is very deep into negative territory. The divergence has continued for five days, reaching very significant levels. Also, the price is trading below the 21 and 50-period moving averages which have made a bearish cross. Currently, the price is barely finding holding on above the support line.
The post Bitcoin [BTC] Price Analysis: Price Might Have Started a Downtrend appeared first on Coingape.
Source: CoinGape

Bitcoin [BTC] Price Analysis – Price Reached The Resistance Of The Horizontal Channel

The price of BTC/USD reached a high of $4225 on February 24th, before generating bearish divergence in the RSI and the MACD and sharply breaking down. While it initially tried to rebound, that proved unsuccessful and the price made a bottom near $3750. Since then, it has been trading inside a parallel ascending channel, with multiple attempts at a breakout above $4050.  This movement has been going on for the past 13 days and 20 hours. The price has generated medium and short-term bearish divergence in both the RSI and the MACD. Also, it is trading above the medium-term moving averages and the Positive Ichimoku Cloud. There are short-term signs that price might want to start a downtrend.
Key Highlights:

There is major resistance near $4400 and minor resistance near $4000
There are minor support areas near $3800 and $ 3650.
The price is trading inside an ascending parallel channel
There is medium and short-term bearish divergence.
The price is trading above short and medium-term moving averages.

Bitcoin Price Analysis – BTC/USD – 2 Hours Chart

Chart Source: Tradingview, Bitfinex
A look at the 2-hour chart shows us that after briefly trading at $4250, the price dropped sharply through a massive bearish engulfing candle which occurred on significant volume. The drop was preceded by bearish divergence in both the RSI and the MACD.  Price enjoyed an ultimately unsuccessful bounce, before ultimately breaking down to the support area near $3800 and starting an upward move. This movement has been going on for 14 days.
As for the indicators, the price is trading between  the 21 and 50-period MA which have made a bullish cross, finding close support from the 50-period MA. It is also trading inside the $4000 resistance area. Since the March 5 high, there is bearish divergence occurring in the MACD and in its histogram. Furthermore, it has made a bearish cross and is dropping, almost falling into negative.  Similarly, the RSI has developed significant bearish divergence since the March 5 high and is currently trading at 51/
BTC/USD – Price Analysis – 30 Minutes Chart

Chart Source: Tradingview, Bitfinex
A look at the 30-minutes chart shows that after the drop, price bottomed at $3780 and created a support area near it. Since the bottom, it created an ascending support line which was validated again by a wick drop on March 9. It has several unsuccessful attempts at breaking out above $4050, and has traded in an ascending horizontal channels.
As for the indicators, the RSI and the MACD have both created bearish divergence since the March 5 high. This divergence has occurred at the six highs reached by the price. The bearish divergence has also occurred on the MACD, which is into negative territory.The divergence has continued for four days, reaching very significant levels. Also, the price is trading below the 21 and 50-period moving averages which have made a bullish cross.
 
The post Bitcoin [BTC] Price Analysis – Price Reached The Resistance Of The Horizontal Channel appeared first on Coingape.
Source: CoinGape

Bitcoin [BTC] Price Analysis: The Price is Trading Inside A Parallel Ascending Channel?

The price of BTC/USD touched $4225 on February 24th, before generating bearish divergence in the RSI and the MACD and sharply breaking down. While it initially tried to rebound, that proved unsuccessful and the price made a bottom near $3700. Since then, it has been trading inside a parallel ascending channel, with multiple attempts at a breakout above $4000. While it has traded above that level for short periods of time, no candle close has been reached yet. The price has generated medium and short-term bearish divergence in both the RSI and the MACD. Also, it is trading above the medium-term moving averages.
Key Highlights:

There is major resistance near $4400 and minor resistance near $4000
There are minor support areas near $3800 and $ 3650.
The price is trading inside an ascending parallel channel
There is medium and short-term bearish divergence.
The price is trading above short and medium-term moving averages.

Bitcoin Price Analysis – BTC/USD – 2 Hours Chart

Chart Source: Tradingview, Bitfinex
A look at the 2-hour chart shows us that after briefly trading at $4250, the price dropped sharply through a massive bearish engulfing candle which occurred on significant volume. The drop was preceded by bearish divergence in both the RSI and the MACD.  Price enjoyed an ultimately unsuccessful bounce, before ultimately breaking down to the support area near $3800. For the past 14 days, it has been trading inside a parallel ascending l channel.
As for the indicators, the price is trading above both the 21 and 50-period MA which has made a bullish cross, finding close support from the 21-period MA. It is also trading inside the $4000 resistance area. Since the March 5 high, there is bearish divergence occurring in the MACD and in its histogram. Furthermore, it has made a bearish cross and is dropping, but is not negative yet. It is currently in the process of making or rejecting a bearish cross. Similarly, the RSI has developed significant bearish divergence since March 5 high.
BTC/USD – Price Analysis – 30 Minutes Chart

Chart Source: Tradingview, Bitfinex
A look at the 30-minutes chart shows that after the drop, price bottomed at $3780 and created a support area near it. Since the bottom, it created an ascending support line which was validated again on March 9. It has several unsuccessful attempts at breaking out above $4000, and tracing these highs created the horizontal channel.
As for the indicators, the RSI has both created bearish divergence since the March 5 high. This divergence has occurred at five subsequent highs. The bearish divergence has also occurred on the MACD, which has made a bearish cross. The divergence has continued for four days, reaching very significant levels. Finally, the price is trading above the 21 and 50-period moving averages, which are in the process of making a bullish cross.
The post Bitcoin [BTC] Price Analysis: The Price is Trading Inside A Parallel Ascending Channel? appeared first on Coingape.
Source: CoinGape