Key Points Bitcoin price surged higher and traded close to the $7,800 resistance against the US Dollar. There is a key connecting bullish trend line forming with support at $7,540 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair must stay above the $7,500 support area to stay in a […]

Key Points Bitcoin price is still struggling to break the $7,580 and $7,600 resistance levels against the US Dollar. Yesterday’s highlighted important bullish trend line is in place with support at $7,450 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair is about to make the next move either above […]

Key Points Bitcoin price formed a strong base around $7,050 and moved higher against the US Dollar. This week’s followed important bearish trend line with resistance at $7,320 was breached on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair is now placed nicely above the $7,400 level and the 100 […]

Key Points Bitcoin price remains in a bearish trend and is currently trading around $7,000 against the US Dollar. There is a crucial bearish trend line in place with resistance at $7,300 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair must stay above the $7,000 handle to avoid further […]

Key Points Bitcoin price failed to hold the $8,240 support and declined sharply against the US Dollar. There is a major bearish trend line formed with resistance at $8,100 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair may well correct higher in the short term towards the $8,100 and […]

Key Points Bitcoin price moved higher and broke the $8,300 resistance level against the US Dollar. There is a significant ascending channel formed with support at $8,400 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair is likely to accelerate gains above $8,650 if it continues to follow the ascending […]

Key Points Bitcoin price declined and broke a key support level at $8,200 against the US Dollar. There was a break below a triangle pattern with support at $8,250 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair may correct a few points in the short term, but it could […]

Key Points Bitcoin price corrected higher, but upsides were capped by $8,800 and 100 hourly SMA against the US Dollar. The BTC/USD pair broke an ascending channel with support at $8,450 on the hourly chart (data feed from Kraken). The pair must stay above the $8,300 support level to avoid any further declines in the […]

Key Points Bitcoin price formed a support base around $9,000 and jumped higher against the US Dollar. There was a break above a crucial declining channel with resistance at $9,200 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair is currently struggling to settle above $9,400 and the 100 hourly […]