Bitcoin Price Flirts with Breakout But May Not Yet Have Bottomed

Bitcoin Price Flirts with Breakout But May Not Yet Have Bottomed

Advertisement The bitcoin price on Sunday surged as high as 7.28 percent against the US dollar ahead of the US session. The BTC/USD rate is trading at 4158-fiat at press time. The pair is almost completing the formation of an inverse head and shoulder pattern. Its neckline appears more like a near-term falling trendline, capping…

Bitcoin Price Intraday Analysis: BTC/USD in Breakout Action

Bitcoin Price Intraday Analysis: BTC/USD in Breakout Action

Advertisement Twitter Facebook LinkedIn Bitcoin on Sunday jumped 2.13 percent against the US Dollar as USD-pegged cryptocurrency tether (USDT) resumed its implosion. BTC/USD was in a sideways sentiment for most of the weekend trading session. The bearish trendline has capped the upside bias on multiple occasions. Nevertheless, the pair — from the past 8 hou…

Bitcoin Price Intraday Analysis: BTC/USD between Breakout and Bull Trap

Bitcoin Price Intraday Analysis: BTC/USD between Breakout and Bull Trap

Advertisement The Bitcoin-to-Dollar exchange rate on Monday surged 2 percent against the US Dollar from 6590-fiat to 6729-fiat on bottom formation sentiment and increased institutional investments. The Bitcoin had a steady week, rising and dropping within a specific range with its trend facing upward. Many believe the digital currency has found its bottom and a…

Bitcoin Price Intraday Analysis: BTC/USD Undergoes False Breakout

Bitcoin Price Intraday Analysis: BTC/USD Undergoes False Breakout

Advertisement Bitcoin spent its Sunday reclaiming its support near $6,500 after witnessing a false breakout action yesterday. The BTC/USD, in reality, is stable like it was the previous week. The pair kicked off today by correcting lower from the last short-term upside and false breakout range as discussed in this analysis. It eventually formed lower…

Bitcoin Price Intraday Analysis: BTC/USD Near Breakout

Bitcoin Price Intraday Analysis: BTC/USD Near Breakout

Advertisement Bitcoin on Tuesday continued its uptrend, rising close to 3 percent since its intraday low from yesterday. The BTC/USD pair today opened near 7272-fiat while correcting from its previous low around 7248-fiat. At the beginning of the Asian trading session, the pair stayed on a stable and steady uptrend. As the session matured, and…