Tag Archives: technical analysis

Bitcoin Price Analysis: BTC Bounces But Bears Still in Control

Bitcoin price just pulled off a nice 10% bounce with the next level of resistance at $3,700. Let’s take a look at what can happen next? Bitcoin Price: Market Overview Bitcoin price 00 dropped to a new yearly low at $3,210 and the overall market cap now rests at $110.6 Billion. Clearly, bears are still running the show for BTC… Read More »

When Bitcoin’s Price Breaks Down, It Follows a Pattern

When trying to predict the future price of bitcoin, it’s impossible to do so without first looking at its past. No matter how it’s examined, the cyclical nature of bitcoin’s price action can’t be ignored especially when considering its notorious “boom and bust” cycles. If the latest plunge below the long-lasting support level of $6,000 after an explosive… Read More »

Bitcoin Cash SV (BCHSV) Price Analysis: Speculators Run the Show

Bitcoin SV (BCHSV) recently pulled off a 90% and 48% rally? Can traders expect a three-peat or is a dump inevitable after the hype dies down? Bitcoin Cash SV: Market Overview It appears that the Bitcoin Cash fork family feud is in the process of wrapping up and while there doesn’t appear to be a clear victor. Still,… Read More »

Bitcoin Price Analysis: Will $5k Hold or Are Bulls Being Led to Slaughter?

Bitcoin price (BTC/USD) had a dire week, breaking down last Wednesday from its 2018 consolidation reaching weekly lows of $5200.  This week started no better with new lows being found after a further selloff at around $5050. Here we take a look at some of the immediate levels trades and investors alike worth paying attention to. Bitcoin Price:… Read More »

Bitcoin Price Analysis: Will Bitcoin Bite Back?

Now that the Bitcoin Cash hard fork is complete, will Bitcoin bounce back from a $1,200 loss? Market Overview Yesterday’s 8% move from $5,188 to $5,700 was nice but does the King of Cryptocurrencies have any other cards up its sleeve? At the moment bull volume is nearly non-existent and as the weekend approaches it could taper even… Read More »

Ripple Price Analysis: Will XRP Eventually Usurp Bitcoin’s Throne?

Yesterday XRP overtook Ethereum and claimed the #2 spot on CoinMarketCap. Is Bitcoin next? Market Overview It’s too early to determine whether the market has ‘recovered’ from yesterday’s unannounced slaughter. Despite this, analysts and savvy traders will be looking to see if any altcoins set a precedent by dislodging from the downturn caused by BCH and BTC. Perhaps… Read More »

Bitcoin Technical Analysis: Bitcoin Cash Civil War Drives BTC to a 1-Year Low

Holy mackerel! Out of the blue, Bitcoin dropped to a new 12-month low with little notice. Anyone hoping for a Santa Claus rally had better drop to their knees and start the Hail Marys. Market Overview Today Bitcoin (BTC) 00 got nuked. In fact, the entire cryptocurrency market took a direct hit from a 50 megaton hydrogen bomb… Read More »

Bitcoin Cash Technical Analysis: Finally, Some BCH Price Action!

The latest Bitcoin Cash technical analysis wades through the FUD, speculation and an all-out crypto-war to figure out what’s in store for BCH price with the looming hard-fork. Bitcoin Cash Technical Analysis Bitcoin Cash (BCH) 00 is nice and frothy on the expectation of the November 15th fork. Currently, BCH price shorts are outpacing longs and data from… Read More »

Bitcoin Technical Analysis: A Comprehensive Review of The Weekly Chart

The Cryptocurrency market closed on a high last week with all major cryptos finishing the week on a relative high.  A reasonably strong close for the first week of November has many analysts once again facing the question if the bottom is in.  Here we take a look specifically at the market leader, Bitcoin (BTC) 00, to see… Read More »