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 […]

Key Points Bitcoin price stayed above the $7,200 support and made another upside attempt against the US Dollar. There is a short-term bullish trend line in place with support at $7,240 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair is facing a solid resistance near the $7,325 and $7,330 […]

Key Points Bitcoin price is trading in a contracting range with support above the $6,600 level against the US Dollar. There is a major contracting triangle in place with resistance around $6,740 level on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair is likely to make the next move either […]

Key Points Bitcoin price recovered and moved above the $7,000 handle against the US Dollar. There is a crucial bearish trend line in place with resistance at $7,260 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair has to move past the $7,260 hurdle and the 100 hourly simple moving […]

Key Points Bitcoin price declined further and traded below the $7,500 support level against the US Dollar. There was a break below a declining channel with support at $7,365 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair is finding a strong buying interest near $7,250, which could ignite an […]

Key Points Bitcoin price is holding an important support at $8,000 against the US Dollar. There is a significant bearish trend line in place with resistance at $8,300 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair must clear the $8,300 barrier to resume its upward move above the $8,500 […]

Key Points Bitcoin price declined sharply and broke the $8,060 support level against the US Dollar. There is a key bearish trend line formed with resistance near $8,200 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair is likely to consolidate in the short term below the $8,060 and $8,200 […]

Key Points Bitcoin price traded higher and broke a major resistance at $7,580 against the US Dollar. There was a break above a connecting resistance trend line at $7,600 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair is likely to move further higher towards the $7,800 and $8,000 resistance […]

Key Points Bitcoin price is consolidating below a key resistance at $7,555 against the US Dollar. There is a connecting bullish trend line forming with support at $7,390 on the hourly chart of the BTC/USD pair (data feed from Kraken). A break below $7,380 could trigger a major downward correction towards $7,100. Bitcoin price is […]

Key Points Bitcoin price surged and broke the $6,800 and $7,200 resistance levels against the US Dollar. There is a short-term ascending channel forming with support at $7,400 on the hourly chart of the BTC/USD pair (data feed from Kraken). The BTC/USD pair is currently consolidating gains near $7,500 and it is poised to extend […]