Bitcoin has dropped below $9,000 and price is now below the 50 MA in the daily. We can look at the 50 MA (1D) area as the next possible resistance since the drop from $9,000 and support is around $8,500 - $8,200. BTC is likely to hit support level around $8,200 if selloff continues. Otherwise, invalidation of the downside is still possible sho...
Bitcoin tried to test $10,000 again but fell short as price saw selling pressure around $9,990 and is also leaning toward the 50 MA in the daily, while immediate support sits around $9,600 - $9,500 and key support (50 MA) is around $9,200 - $9,000. A closer look of the structure can be seen in the 4H chart, showing lower highs formed. A breakdown f...
After a steep drop on Wednesday night from around 10,100 down to as low as 9,280, BTC bounced and is now trading within a tight range - around 9,600 - 9,750. Support shown in the daily is at around 9,450, and immediate resistance is at around 9,800. The intraday (4H) chart shows support at 200 MA after BTC failed to stay above the 20 and 50 MA. BTC...
Bitcoin bounced today after its selloff yesterday. In the daily, range is intact with resistance around $10,500 and support around $9,500. The intraday chart (4H) is anticipating a bounce as well; should it materialize, immediate resistance sits around $10,000 (around 50 MA). Otherwise, 10 EMA gets rejected and the recent swing high in the 4H ...
Strong resistance at $10,500 is respected as BTC failed to break above it. In the daily, price is now below the $10,000 level and is currently hovering around $9,700. BTC has also formed a range from the support around $9,600 to resistance around $10,000. This range is crucial; a breakdown below the support level would send price to its next possib...
Bitcoin is still not showing any signs of slowing down as price continues to move and is now above the previous resistance level of around $10,300. In the daily, price is currently around $10,400+ and on track to test next possible resistance levels around $10,600 - $11,000. The 4H charts show a steady climb with a ranging price structure; int...
Bitcoin has reclaimed the $10,000 level again and is looking to test key resistances. In the daily, a bounce from the 10 EMA trail support can be spotted which shows that there's more room for a momentum upward. Price is currently hovering near the resistance around $10,400. Should there be a continuation, moving averages (MAs) are expected to...
Bitcoin (BTC) has successfully rallied to $10,000+ on Sunday (Feb. 9). In the daily, current price is around $9,800 while the structure is still intact and 10 EMA is acting as a trail support. BTC experienced a little shake as it dumped and quickly bounced off around the 9,700 level intraday. A continuation or consolidation above the current highs ...
Bitcoin has made its move towards a retest of resistance levels at 10,000 - with BTC currently sitting at around 9,800. The daily chart shows us a 'golden cross' as the 20-day MA and 200-day MA crossed each other at the start of this week, which is a heavily bullish indicator. The last similar golden cross we saw was back in April 2019, when BTC mo...
Bitcoin was moving sideways for most of the day after managing to pull off a bounce around 9,100 support, and has since continued to rise, now up to around 9,450. In the daily, 10 EMA is still acting as a trail support, with BTC looking break 9,500 with a strong push. Looking into the 4H chart, price is now above 50 MA, but remains within range wit...
Bitcoin has remained in a range after retesting the 9,500 level resistance; rejections indicate selling pressure around this area, with support around 9,120. The 10 EMA is a possible trail support if price is able to hold within the current range, while a bull scenario is likely if price is able to break the 9,500 - 10,000 level. A break down below...
Bitcoin is on the move again as it was able to erase the previous downswing and is looking to retest one of the key resistances around the $9,000 level. One of the interesting points to consider in the daily is the resistance area which is also around the 200 MA. A continuation of this break above the 200 MA is a good sign of a possible surge to $9...
This weekend saw bitcoin's price go down to $8,200 and bounce right back up to where we are now at around $8,600. BTC seems to have settled in this range for now, with possible immediate target ranges of 8,700-9,200 or 8,200-7,700. Bulls and bears are sizing each other up and waiting for the next set of news or catalysts for the next major market m...
Bitcoin dropped to around $8,300 after a few days of trading at $8,600, likely with more room to drop as it looks to find support. If bulls fail to hold at this level, key short-term supports are seen at 8,000 and 7,800. If this is mere overselling of the recent bounce, then we could see a push back to 8,600, where the 10-day MA and EMA are at. Loo...
Bitcoin was able to bounce near $8,400+ level. In the daily, it is evident that there is support near the 10 EMA. Meanwhile, price maintains its sideways structure and is looking to retest its resistance around $9,100. A break of the $9,100 resistance is a possible confirmation of another swing high. Otherwise, price is likely to head down bel...
Bitcoin remains sideways after dropping around 8% yesterday. In the daily, the 10 EMA remains intact and still acts as a trail support around 8,400 level while resistance is around 9,100. Meanwhile, the intraday chart (4H) is looking to test the 50 MA support. If price manages to be break below 50 MA in the 4H, price is likely to go below 8,400 lev...
Bitcoin was able to reach an intraday high of around $8,900 today. Shortly after, it was followed by a pullback. In the daily, the next possible support is around $8,200 which is also a possible MA trail (should the price hold). In the 4H, 10 EMA is still intact and is looking for a possible bounce. Nothing conclusive yet, but price action is ...
BTC managed to find support around $8,000 after a tight consolidation for a few days. Price action is interesting as momentum picked up fast and is looking to retest previous resistances. A continuation is likely if BTC gets a good close in the daily. Next possible resistance is around $9,000+. Invalidation - if price fails to hold the 50 MA in the...
Bitcoin rocketed up today as it broke past $8,000. Price has reached an intraday high (as of the current 4H candle) of around $8,455. In the daily, support level is around 6,800 - 6,400. In the 4H, price shows a clear structure and it's trailing with the 10 EMA as it creates consecutive higher lows. Retracement is likely to happen in...
New year off to a good start! Is it a sign of things to come? Bitcoin broke out of the range and price is currently sitting above resistance of the previous range at $7,800+. Moving average crossover has also materialized. In the daily, support levels remain at 6,800 - 6,400 while resistance now sits at 8,000. If price is able to pick up ...