Bitcoin Could Soon Revisit Its ATH 18.09.2021

Bitcoin technical analysis

As suggested in previous post, the price of Bitcoin surpassed $45,000 and now is testing this level as support. This daily chart shows how this level is marked by the 50 Exponential Moving Average indicator. The 50 EMA is above the 200 EMA indicating the classic Golden Cross, which gives us a bullish outlook. At … Read more

Bitcoin Still Trading Within Range Bullish Push To $45,000 Inevitable 11.06.21

technical analysis bitcoin

Bitcoin is still trading within the lower range between its major support and resistance levels between $30,000 and $40,000. This range is marked by the thick blue lines on the chart. As mentioned in earlier analysis, this looks like an accumulation range. It is that price area where many institutions entered the market, being somewhat … Read more

Bitcoin Fibonacci Retracement, Death Cross Confirmed, Major Support – 26.06.2021

Bitcoin Fibonacci Retracement

As expected by many technical analysts the 200 MA has crossed below the 50 MA on a Daily chart, which confirms the Death Cross signalling the possibility of the beginning of a bear market. At the time of writing this analysis, BTC is testing again it’s major support level between $29,000 and $30,000. As mentioned … Read more

Bitcoin Price Analysis, Death Cross, Pinbar, 200 MA – 21.06.2021

Bitcoin Price 20 June 2021

These last couple of days have been quite bearish for BTC/USD. Many analysts have been extremely outspoken about the death cross (situation when 50 Moving Average crosses below the 200 Moving Average) Apparently for some chart analysts this has already happened, yet here when we use Exponential Moving Averages (which officially should be used) we … Read more

Bitcoin Price Analysis, Taproot Update, Death Cross, Elon Musk – 14.06.2021

bitcoin price analysis daily chart

On Sunday, the 13th of June 2021 Bitcoin has increased about 10% in price in relation to the US dollar, touching $40,000. The Taproot update was locked in by miners which sends a very positive signal that the network will be upgraded to add privacy features and smart contracts. This is most likely the main … Read more

Bitcoin Has Crashed But It Is Not Over Yet – Pullback to 200 MA on Weekly

BTCUSD 200MA weekly

We all know about the meteoric rise of Bitcoin price in October 2017 and even though many of us hoped it was the beginning of a new and fairer world, the markets have proven once more that what goes up must eventually come down. Unfortunately, many good people have lost a lot of money. Some … Read more

Bitcoin Price Range Reflects The Trumps and The Mays Of The World Desire To Shut It Down

BTCUSD channel narrowing

Bitcoin is now trading within the tight range (for Bitcoin) between $10,000 and $13,000, but the broader range extends towards $14,000. This can be seen by drawing trend lines on the Daily BTCUSD price chart. Overall the underlying long trendline still shows Bitcoin to be trending up, which is a very positive sign, given the … Read more

Deciding Moments For Bitcoin. Price Channel Is Narrowing.

The trendlines on BTCUSD Daily chart show that the price is being squeezed by the buyers and sellers. A confirmed break from these lines of confluence can indicate a longer trend for Bitcoin. Coupled with earlier analysis of head-and-shoulders pattern, one could assume that BTCUSD will succumb to bearish pressure and go lower. There are … Read more