Bitcoin (BTC) Price Hesitates But Further Downsides Seem Likely

Bitcoin price is consolidating losses above the $8,000 support area against the US Dollar. The price is likely to struggle near the $8,150 and $8,220 resistance levels. There is a key rising channel or a bearish flag pattern forming with support near $8,060 on the hourly chart of the BTC/USD pair (data feed from Kraken). An upside correction towards the $8,220 and $8,280 levels could face a solid selling interest. Bitcoin price is consolidating losses with corrective moves against the US Dollar. However, BTC remains sell on rallies if it…

Bitcoin (BTC) Price Primed For Breakdown Below $8K

Bitcoin price is extending its decline below the $8,250 resistance area against the US Dollar. The price is likely to decline below the $8,000 and $7,800 support levels in the near term. There is a major bearish trend line forming with resistance near $8,150 on the hourly chart of the BTC/USD pair (data feed from Kraken). There are many bearish signs on the chart, suggesting a drop below $8,000. Bitcoin price is facing an uphill task near $8,200 and $8,400 against the US Dollar. Therefore, BTC is likely to decline…

Bitcoin Medium Term Outlook: Here Is Why BTC Could Test $6.5K

Bitcoin price is currently in a downtrend below the $9,100 pivot level against the US Dollar. The price is trading well below the $8,500 support and the 100-day simple moving average. There is a crucial bearish trend line forming with resistance near $8,880 on the daily chart of the BTC/USD pair (data feed from Kraken). If the current trend remains intact, the price could test $7,400 or even $6,500. Bitcoin price is following a significant downtrend on the daily timeframe against the US Dollar. If BTC fails to stay above…

Bitcoin (BTC) Diving, Can Bulls Protect $8.2K Support?

Bitcoin price is extending losses and it recently broke $8,375 support against the US Dollar. The price is currently correcting, but upsides are likely to be capped by $8,500. Morning’s key bearish trend line is active with resistance near $8,500 on the hourly chart of the BTC/USD pair (data feed from Kraken). Ethereum is still holding the $180 support area and ripple is trading in a range above $0.2520. Bitcoin price is showing signs of more losses below $8,500 against the US Dollar. BTC could drop towards $8,200 before a…

Bitcoin (BTC) Relatively Muted; Support Estimated Near $8.2K

Bitcoin price is trading below a few important resistances near $8,700 against the US Dollar. The price is somehow holding the $8,420 and $8,375 support levels. There is a major bearish trend line forming with resistance near $8,525 on the hourly chart of the BTC/USD pair (data feed from Kraken). The price is currently correcting higher, but sellers are likely to protect $8,575 or $8,660. Bitcoin price is consolidating below key resistances against the US Dollar. BTC could decline further, but the $8,200 support might protect sharp losses. Bitcoin Price…

Bitcoin (BTC) Recovering But Is This Real Correction?

Bitcoin price is currently correcting higher above the $8,600 resistance area against the US Dollar. The price is still facing a strong resistance near the $8,700 and $8,780 levels. Morning’s major declining channel is preventing gains near $8,705 on the hourly chart of the BTC/USD pair (data feed from Kraken). The price could correct further, but a clear break above $8,880 is needed for a convincing rise. Bitcoin price is showing signs of an upside correction above $8,600 against the US Dollar. However, BTC is still facing a lot of…

Bitcoin (BTC) In Slow And Steady Decline, $8.2K Likely Target

Bitcoin price is currently declining below the $8,600 support area against the US Dollar. A new monthly low was formed near $8,457 and the price is currently correcting higher. There is a key declining channel forming with resistance near $8,710 on the hourly chart of the BTC/USD pair (data feed from Kraken). There is a risk of more downsides as long as the price is below $8,700 and $8,880. Bitcoin price is gaining bearish momentum below $8,700 against the US Dollar. Therefore, BTC could continue to move down towards the…

Bitcoin (BTC) Price Looks Set For Another Breakdown

Bitcoin price is extending losses and it traded below the $8,640 support against the US Dollar. The price is likely to decline further below the $8,560 and $8,500 support levels. Morning’s short term breakout pattern was breached with support near $8,650 on the hourly chart of the BTC/USD pair (data feed from Kraken). The current price action suggests another breakdown below the $8,550 support area. Bitcoin price is declining below key supports against the US Dollar. BTC might tumble towards $8,300 or $8,200 once the bears clear the $8,550 and…

Bitcoin (BTC) Price Eyeing Fresh Monthly Low Below $8.5K

Bitcoin price is trading in a downtrend below $8,800 and $9,000 against the US Dollar. The price is currently declining and it seems to be struggling near the $8,840 level. Yesterday’s major bearish trend line is active with resistance near $8,920 on the hourly chart of the BTC/USD pair (data feed from Kraken). The bulls need to push the price above $8,840 and $8,920 to start a decent recovery. Bitcoin price is struggling to gain ground above $8,800 against the US Dollar. Recently, BTC traded as low as $8,560 and…

Bitcoin (BTC) Price Primed To Extend Losses Below $8.5K

Bitcoin price is declining and it is now trading below the $8,800 level against the US Dollar. The price is trading with a bearish angle and it is likely to tumble below $8,600 and $8,500. Today’s key bearish trend line is active with resistance near $8,960 on the hourly chart of the BTC/USD pair (data feed from Kraken). A clear break below $8,600 is likely to push the price below $8,500 and $8,450. Bitcoin price is setting up for another dive below $8,600 against the US Dollar. BTC could even…