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Tag Archives: BTCUSD

Bitcoin Price Intraday Analysis: BTCUSD Holding Gains

After slipping to its intraday low around $6,217, Bitcoin recovered as much as 4 percent on Thursday. Comparing to the very recent price action, Bitcoin seems to have overstayed in the $6450-6500 area. In medium-term, the price is forming poles of bear pennants every other day. But, for now, it looks like Bitcoin is in the mood to hold its ...

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BTCUSD Recovers on Weak Upside Promise

The Bitcoin market on Wednesday attempted a decent bullish recovery, extending the recent marginal gains to an impressive 10% upside from the previous lows. The Asian trading session witnessed an influx of buying orders in an attempt to pierce through $6,500-resistance. As we hiccuped through the European course, the bullish sentiment weakened and pulled the price almost $200 down. The ...

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BTCUSD Falls to Lowest since June

Bitcoin continues to extend its downward momentum on Tuesday, lately falling to its lowest trading since June this year. The BTC/USD today opened at 6250-fiat and started recording losses thereafter – during the early Asian trading session. The pair formed a bear pole in pursuance of a breakout towards the south, as we had predicted in our previous analysis. It ...

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Bitcoin Price Watch: BTC/USD Broke Key Supports, Turns Bearish

Key Points Bitcoin price failed to stay above the $6,300 and $6,280 support levels against the US Dollar. Yesterday’s highlighted key contracting triangle was breached with support at $6,350 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair even traded to a new monthly low below $6,000 and moved into a bearish zone. Bitcoin price ...

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BTCUSD Hinting Another Bear Flagpole

The short-term gains can never compensate for the long-term losses. So it seems from the latest Bitcoin price action which, during the weekend, jumped more than 7.5% and promised an extended breakout, but fell short of delivering it. This Monday started with minor pullbacks from the early 6550-fiat level during the Asian trading session. However, the growing selling sentiment around ...

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Bitcoin Price Watch: BTC/USD Could Rebound Above $6,500

Key Points Bitcoin price found support near the $5,970-6,000 area and recovered nicely against the US Dollar. There is a major contracting triangle forming with resistance near $6,480 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair must break the $6,480 and $6,570 resistance levels to gain upside momentum in the near term. Bitcoin price ...

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Bitcoin Price Intraday Analysis: BTCUSD Undergoes Bullish Correction

The bitcoin price in the past 24 hours has undergone a much-needed bullish correction, rising about $500 since establishing an intraday low around $6,009. In our previous BTC/USD analysis, we were waiting for a bounce back from 6009-fiat to apply our intrarange strategy. As it did, our long position towards 6192-fiat made us a nominal profit. A near-term breakout followed ...

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BTCUSD Could Retest 2018’s Low

The first time we saw a bear beating the hell out of somebody was in the Revenant. Then, it happened in February when bears attack knocked Bitcoin down from the $19,000-highs to the early $6,000-lows. A few months later, in June, Bitcoin revisited its previous yearly low and eventually broke it to establish a new one near 5756-fiat. And now, at ...

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Bitcoin Price Watch: BTC/USD Hesitates, But Further Gains Possible

Key Points Bitcoin price corrected higher and moved above the $6,350 resistance against the US Dollar. There is a key ascending channel forming with support at $6,300 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair is facing a couple of important resistances near the $6,630 and $6,680 levels. Bitcoin price is slowly rebounding from ...

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