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) […]

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Bears Capitalize on Uncertainty as Bitcoin Price Drops Below $7,300

Following a strong weekly Bitcoin Price advance by the Bulls, the Bears are back in control, rejecting price at the 50-week Moving Average, triggering six consecutive red candle days, breaking the price down towards the previous support at $7,300. Market Overview The Bulls will need to make a strong push over the weekend to rescue […]

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Bitcoin Price Analysis: Bears Take the Bull by the Horns

Bitcoin’s bullish reversal appears to be in peril as bears unexpectedly rocked up and grabbed the bull by the horns. Is today’s pullback caused by current events or are fundamentals impacting Bitcoin price? Weekly Chart 4 Hour Chart Running bulls appear to be halted by bears as a lower high was notched on the weekly chart. A […]

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Bitcoin Price Analysis: Will BTC Make or Break It?

After completing the inverse head and shoulders formation Bitcoin price failed to pop. Does this mean the cryptocurrency has further to fall? Market Overview As the sky-high bitcon 00 predictions of $25,000, $50,000 and $60,000 continue, there seems to be a divergence between the opinions of billionaires, institutional financial analysts and bitcoin’s actual price. Last […]

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Bitcoin Price Analysis: Is this a Relief Rally or a Bullish Reversal?

Bitcoin has recovered nearly 13% after scraping its knees on a new 2018 low, but is the current uptick in momentum just a relief rally or the makings of a bullish reversal? Market Overview After scraping the bottom of the barrel last week, Bitcoin appears to have mustered enough short-term momentum to attempt a bull […]

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