Tag Archives: BTC/USD

Bitcoin Price Analysis: BTC/USD Primed for More Gains Above $6,500

Bitcoin price is holding the key $6,380 support against the US Dollar. BTC/USD looks set to climb higher above the $6,500 resistance in the near term. Important points Bitcoin price remained well supported near the $6,380 support area. BTC/USD is currently forming a bullish flag pattern with resistance at $6,525 on the 2-hours chart. BTC price is likely… Read More »

Spread between BTC/USD and BTC/USDT Crosses $300

Advertisement The imbalanced peg between the US Dollar and Tether LLC’s USDT has resulted in a $300-spread in Bitcoin price. At the press time, the aggregated Bitcoin-to-dollar exchange rate on non-Tether exchanges is approximately 6430-fiat. Meanwhile, on Tether exchanges like BitFinex, the same forex rate is above 6700-fiat. The strange trading activity, which started surfacing on Monday, has… Read More »

Bitcoin Price Analysis: BTC/USD Trading Near Inflection Point

Bitcoin price surged higher and broke the $6,360 resistance against the US Dollar. BTC/USD spiked above $6,660, but it is still trading near a major inflection point. Important points Bitcoin false spiked above the $6,750 level after Tether declined sharply. BTC/USD cleared a major bearish trend line with resistance at $6,360 on the 2-hours chart. BTC price must… Read More »

Bitcoin Price Analysis: Centralization of Mining Pools open Up New Attack Vectors

After losing four percent in the last week mostly compounded by strong losses of Oct 11, sellers are in control. This view is regardless of our expectations of higher highs in the aftermath of deflating dips of last week. Despite this, we recommend aggressive traders to short at spot prices. However, risk-averse traders can take a neutral stand… Read More »

Bitcoin Price Analysis: BTC/USD Sellers Could Reappear Near $6,420

Bitcoin price fell sharply and broke the $6,420 and $6,310 support levels against the US Dollar. BTC/USD may recover in the short term, but sellers are likely to reappear near $6,420. Important points Bitcoin declined sharply and tested the $6,200-6,210 support area. BTC/USD broke a significant bullish trend line with support at $6,540 on the 2-hours chart. BTC… Read More »