Tag Archives: Bitcoin price analysis

Bitcoin (BTC) Price Analysis: Breaks Winning Streak but Tom Lee Sees BTC at New Highs

Bitcoin (BTC) Price Analysis: Breaks Winning Streak but Tom Lee Sees BTC at New Highs

BTC/USD, the most popular trading pair closed the trading on Tuesday breaking the 11-months daily win. Bitcoin’s price posted losses of 2.87% yesterday after Bitcoin had recorded between 2-5% increase for the last six days before yesterday. The six-day winning streak elevated BTC from the region above $8,100 to level around $9,480. Experts have connected […]

Bitcoin Price Analysis: BTC/USD Primed for More Gains

Bitcoin Price Analysis: BTC/USD Primed for More Gains

Bitcoin price gained traction recently and moved past $6,460 against the US Dollar. BTC/USD traded as high as $6,525 and it is currently correcting gains. Important Points: Bitcoin price settled above the $6,395 resistance and the 100 simple moving average (2-hours). BTC/USD broke a monster bearish trend line with resistance at $6,410 on the 2-hours […]

Bitcoin Price Watch: BTC/USD’s Resistance Turned Support at $6,320

Bitcoin Price Watch: BTC/USD’s Resistance Turned Support at $6,320

Key Points Bitcoin price climbed higher and broke the $6,320 and $6,380 resistance levels against the US Dollar. There was a break above a major contracting triangle with resistance at $6,330 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair is currently correcting lower and the previous resistance at $6,320 […]