The cost of the first cryptocurrency has grown by more than $ 2000 since the beginning of the year. So, are we really seeing theRead More

Bitcoin is challenging the upper wedge pattern boundary. This is an important test for bulls. Recapturing the $8,200-$8,500 resistance area would be a big stepRead More

In our previous BTCUSD analysis we noted that price still is trading inside the downward sloping wedge pattern and that price was soon to testRead More

Bitcoin remains inside the downward sloping long-term wedge pattern. Price has recently bounced strongly from $6,870 to today’s $8,190. Price has reached very important technicalRead More

BTCUSD remains in a bearish trend. Price is below the Ichimoku cloud however we can observe bullish reversal signals in the RSI. If these signalsRead More

Despite a strong first half of 2019, BTCUSD had a disappointing second half of the year. Price peaked in June just below $14,000 and isRead More

Technical outlook: Bitcoin is testing the backside of resistance trend line which is support around the 7044 level before bouncing back. Please note that theRead More

Technical outlook: Bitcoin dropped to 6430 yesterday, marginally lower than its previous fall to 6515 before reversing sharply. To continue our discussion from December 17,Read More

Bitcoin remains inside the downward sloping wedge pattern. As we noted in previous posts, the inability to break above $8,000-$9,000 would lead price to aRead More

Technical outlook: Bitcoin seems to have completed its corrective drop that began from $7,870 levels on November 29, 2019. Bitcoin prices have drifted sideways sinceRead More

As per our previous BTCUSD analysis, price remains in a bearish trend, having formed a downward sloping wedge pattern. There were some signs that gaveRead More

In our last Bitcoin analysis I pointed out that I was bullish Bitcoin as long as price held above the critical support of $8,500 andRead More