Bitcoin (BTC) Price Weekly Prediction: Indicators Suggest Rally To $9,000

There was a strong buying interest for bitcoin near the $6,800 support area against the US Dollar. The price started a fresh increase and broke the $7,000 and $7,500 resistance levels. There was a break above a major contracting triangle with resistance near $7,300 on the 4-hours chart of the BTC/USD pair (data feed from Kraken). The pair is eyeing a strong rise and it could trade above $8,500 and $8,800 in the near term. Bitcoin price is up more than 10% after a strong downside correction against the US…

Despite Bitcoin (BTC) Stagnation, Economist Has High Hopes For Crypto

Bitcoin (BTC) bears slow down In 20-30 years Bitcoin will be money says a BoE Chief Economist Andrew G. Haldane, the Chief Economist of the Bank of England, believes Bitcoin will be money in the next two to three decades. Presently, BTC is trending within a $30 range as bears attempt to press lower. Bitcoin Price Analysis Fundamental Well, it has been a see-saw for Bitcoin and most cryptocurrencies because of their direct correlation with the king. Although some skeptics as Roubini and traditional market influencers as Kevin O’Leary of…

Bitcoin (BTC) Price Near Inflection Point: Fresh Increase Likely

Bitcoin price declined heavily yesterday and traded close to the $6,650 support against the US Dollar. The price traded as low as $6,645 and it is currently recovering towards the $7,400 level. There is a key bearish trend line forming with resistance at $7,400 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair needs to clear the $7,400 and $7,512 resistance levels to start a strong upward move. Bitcoin price seems to be forming a new support base above $7,000 against the US Dollar. BTC…

Bitcoin (BTC) Correction in Progress, Another $1,300 Drop Likely

Bitcoin (BTC) slide 10.9 Percent Bitstamp flag a large sell order that caused a market imbalance, over-pricing BTC Not surprising, Bitcoin (BTC) prices are under pressure, dropping 10.9 percent in the last day, at the time of writing. Analysts attribute this to a large sell order from Bitstamp that forced prices to fall as supply exceeded demand. Bitcoin Price Analysis Fundamentals In a day marked by chaos and investors jostling to liquidate Bitcoin (BTC) at market rates, the asset price dropped by $1,340. By sliding from intra-day highs of $7940…

Bitcoin (BTC) Price Weakens Below $7,500: Uptrend Still Intact

Bitcoin price formed a double top pattern near $8,330 and declined sharply against the US Dollar. The price broke the key supports near $8,000, $7,650 and $7,200 to test the $6,800 support area. This week’s followed bullish trend line was breached with support at $7,850 on the hourly chart of the BTC/USD pair (data feed from Kraken). The price tested a crucial support area near $6,700-6,800 and bounced back above $7,100. Bitcoin price started a major downside correction below $8,000 against the US Dollar. BTC formed a double top pattern,…

After Rallying 150% YTD, is Bitcoin (BTC) Going to Collapse?

Bitcoin (BTC) cool off, correction in the cards.  Shapeshift’s Erik Voorhees says bubbles are normal.  At the back of record transaction volumes and ultra-bullish news, Bitcoin (BTC) is one of the top performing assets. All the same, upside momentum is slowing, and BTC could slide back to $7,500, or $5,500. Bitcoin Price Analysis Fundamentals Bubbles are normal, says Erik Voorhees,the CEO of the crypto-to-crypto exchange ShapeShift. In a recent interview with Bloomberg TV, the crypto pioneer and one of the first entrepreneurs of Bitcoin notes that most analysts believe that…

Bitcoin (BTC) Price Correcting Gains: Key Supports Nearby

Bitcoin price traded to a new 2019 high at $8,370 and recently corrected lower against the US Dollar. The price traded below the $8,200 support, but there are many supports above $7,800 and $7,600. This week’s followed bullish trend line could provide support at $7,800 on the hourly chart of the BTC/USD pair (data feed from Kraken). There were strong gains in Ethereum (broke $265) and ripple (tested $0.4800) in the past few hours. Bitcoin price traded further higher before it faced sellers near $8,370 against the US Dollar. BTC…

Bitcoin (BTC) Capped, US SEC Delay, It’s now A Matter Of WHEN

Bitcoin (BTC) prices up but in tight ranges The US SEC delays their decision on Bitwise Bitcoin ETF After their decision on Bitwise Bitcoin ETF, all eyes are on the US SEC and whether they will finally approve any of the many applications. Even so, buyers are in charge with prices soaring 70 percent after breaching $4,500 resistance, now support. Bitcoin Price Analysis Fundamentals Over and above Satoshi’s objective of creating a global payment platform, Bitcoin is disruptive. The technology underpinning its success is likely to cause a paradigm shift…

Bitcoin (BTC) Price Primed To Break $8.5K, Dips Remain Supported

Bitcoin price started a downside correction after trading close to $8,350 against the US Dollar. The price declined below the $8,000 support and tested the $7,600-7,630 support area. There is a short term bearish trend line forming with resistance near $8,100 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could retest the $7,600 support area before it could start a fresh increase above $8,200. Bitcoin price corrected lower recently below $8,000 against the US Dollar. However, BTC remains well bid above $7,600 and it…

Bitcoin (BTC) up $40.8 Percent at 10-month Highs, Peaks?

Bitcoin (BTC) surge 40.8 percent After Bill and Warren, Kevin now says Bitcoin is useless Kevin O’Leary, the millionaire Shark Tank Host says Bitcoin is a useless currency with no use. Nonetheless, Bitcoin is a platform that is already disrupting traditional setups. After tomorrow, Bitcoin (BTC) could surge above $8,500. Bitcoin Price Analysis Fundamentals It’s a sea of green and spearheading this recovery is the king, Bitcoin. After retesting a 10-month high of $8,335, price is up 40.8 percent from last week’s close but stable in the previous day, adding…