Bitcoin Price Analysis: BTC/USD Bulls Keep Charging to Upside Targets

[anthon.stephens]

Bitcoin (BTC) Price Near Crucial Juncture: Can Bulls Gain Traction?

https://www.newsbtc.com/wp-content/uploads/2019/04/Bitcoin-29.png

Bitcoin price rebounded above $5,100 after a massive drop towards $4,900 against the US Dollar.
The price seems to be facing a strong resistance near the $5,200 and $5,220 levels.
There is a major bearish trend line in place with resistance near $5,230 on the hourly chart of the BTC/USD pair (data feed from Kraken).
The pair could either rally above the $5,250 resistance or start a fresh decline in the near term.
Bitcoin price is facing a significant resistance against the US Dollar. BTC is likely to climb sharply if it settles above $5,250 and the 100 hourly simple moving average.

Bitcoin Price Analysis

This past week, there was a sharp drop in bitcoin price below the $5,200 support against the US Dollar. The BTC/USD pair even spiked below the $5,000 support level and formed a swing low above $4,900. Later, the price started a slow and steady recovery above the $5,000 and $5,050 resistance levels. The bulls even pushed the price above the $5,100 resistance and the 23.6% Fib retracement level of the last slide from the $5,509 high to $4,905 low.

It opened the doors for more gains above the $5,150 level, but the price struggled to clear the $5,200 and $5,220 resistance levels. It seems like the 50% Fib retracement level of the last slide from the $5,509 high to $4,905 low is acting as a hurdle. Besides, the 100 hourly simple moving average is also acting as a key resistance near $5,220. More importantly, there is a major bearish trend line forming with resistance near $5,230 on the hourly chart of the BTC/USD pair.

Therefore, the price must break the $5,220 resistance, the trend line, and the 100 hourly SMA. A successful close above $5,250 is likely to start a decent upward move towards the $5,300 level. The next major resistance for the bulls is near the $5,380 level. On the other hand, if there is no upside break, the price may decline below $5,150. An initial support is near the $5,100 level, below which the next stop could be $5,050.

Bitcoin Price Analysis BTC Chart

Looking at the chart, bitcoin price is clearly trading near a crucial juncture below $5,220 and $5,250. If the bulls gain control above $5,220 and $5,250, there could be a decent extension towards the $5,380 resistance level. Conversely, a continuous struggle to clear $5,250 is likely to start a fresh decrease towards the $5,100 or $5,050 level in the near term.

Technical indicators:

Hourly MACD – The MACD is slowly moving in the bullish zone, with a few positive signs.
Hourly RSI (Relative Strength Index) – The RSI for BTC/USD managed to move back above the 50 level.
Major Support Levels – $5,150 followed by $5,100. 
Major Resistance Levels – $5,200, $5,220 and $5,250. 

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[michellee]

From the image, it seems the price wants to break the higher price. I check on poloniex, and I see that the green candle is on the way to raise the higher price so this week, we could hope that the price will increase again and I hope we can break higher price. But the market still too volatile and it's hard to predict with the right price, and we don't know what will happen tomorrow.

[anthon.stephens]

Bitcoin (BTC) Price Looks Primed For Further Gains

https://www.newsbtc.com/wp-content/uploads/2019/05/Bitcoin-1.png

Bitcoin price traded above the $5,300 resistance and tested $5,360 against the US Dollar.
The price is currently trading with a bullish bias above the $5,280 and $5,250 supports.
There are two bullish trend lines formed with support near $5,320 and $5,280 on the hourly chart of the BTC/USD pair (data feed from Kraken).
The pair remains supported on dips and it could continue to climb towards the $5,400 and $5,450 levels.
Bitcoin price is slowly grinding higher towards $5,450 against the US Dollar. BTC remains in an uptrend and it is likely to climb towards the $5,500 level in the coming sessions.

Bitcoin Price Analysis

In the past three sessions, there was a steady rise above $5,280 in bitcoin price against the US Dollar. The BTC/USD pair gained traction above the $5,300 resistance and settled above the 100 hourly simple moving average. The price spiked broke the $5,340 level and traded as high as $5,359. Recently, it corrected lower below the $5,320 level, and the 23.6% Fib retracement level of the upward move from the $5,197 swing low to $5,359 high.

The price even traded below the $5,300 level, but the $5,280 support acted as a strong support. Besides, the 50% Fib retracement level of the upward move from the $5,197 swing low to $5,359 high acted as a support. More importantly, there are two bullish trend lines formed with support near $5,320 and $5,280 on the hourly chart of the BTC/USD pair. On the downside, there are many supports near $5,280 and $5,250. If there are extended losses, the price may retest the $5,200 support. The 100 hourly SMA is also close to $5,200 to hold losses.

On the upside, a clear break above the $5,360 level may open the gates for a push towards the $5,400 level. The next key resistance is near the $5,450 level, where sellers may appear. The current price action is positive and, therefore suggests more gains above $5,360. If there is a downside correction, the bulls are likely to protect $5,280 or $5,250.

Bitcoin Price Analysis BTC Chart

Looking at the chart, bitcoin price is showing positive signs above $5,280. There might be a couple of swing moves in the short term, but the price is likely to surpass the $5,360 swing high. As a result, the main stop for the bulls this week could be $5,450 or even $5,500. Conversely, a close below $5,200 and the 100 hourly SMA is likely to negate the current bullish view.

Technical indicators:

Hourly MACD – The MACD is slowly moving back in the bullish zone, with flat signals.
Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is now above the 50 level and testing 60.
Major Support Levels – $5,280 followed by $5,250. 
Major Resistance Levels – $5,360, $5,400 and $5,450. 

[anthon.stephens]

Bitcoin (BTC) Price Target Strong Gains: Trend Accurately Bullish

https://www.newsbtc.com/wp-content/uploads/2019/05/Bitcoin-3.png

Bitcoin price is following a steady uptrend and recently broke $5,450 against the US Dollar.
The price surged above $5,580 against the USDT and it is currently near $5,500 vs USD on Kraken.
Yesterday’s two bullish trend lines are intact with support near $5,410 and $5,380 on the hourly chart of the BTC/USD pair (data feed from Kraken).
The pair is likely to accelerate gains above the $5,500 and $5,550 levels in the coming sessions.
Bitcoin price is climbing steadily against the US Dollar, while surging versus USDT. BTC is likely to remain in an uptrend towards the $5,600 and $5,650 resistance levels.

Bitcoin Price Analysis

After forming a strong support near $5,120, bitcoin price started a solid uptrend against the US Dollar. The BTC/USD pair broke the $5,300 and $5,380 resistance levels to enter a bullish zone. There was a positive close above the $5,400 level and the 100 hourly simple moving average. The price extended gains above the $5,450 level recently and traded to a new weekly high at $5,500. The current price action is very positive, signaling more gains above $5,550 and $5,600.

An immediate support is at $5,470, and the 23.6% Fib retracement level of the recent move from the $5,372 low to $5,500 high. However, the main support is near the $5,420 level. An intermediate support is at $5,435, and the 50% Fib retracement level of the recent move from the $5,372 low to $5,500 high. Besides, yesterday’s two bullish trend lines are intact with support near $5,410 and $5,380 on the hourly chart of the BTC/USD pair. Therefore, if there is a downside correction, the price is likely to find bids near $5,430 or $5,400.

On the upside, a clear break above the $5,550 and $5,520 levels is likely to push the price towards the $5,600 level. The next key resistance is at $5,640, above which the price may test the $5,700 barrier.

Bitcoin Price Analysis BTC Chart

Looking at the chart, bitcoin price is clearly trading in a strong uptrend above $5,400. Looking at the USDT pairs, BTC traded towards $5,600 on binance, and above $5,800 on bitfinex. The overall price action is very bullish and it seems like there could be more gains above $5,500 versus USD. In the short term, there could be a downside correction, but dips remain well supported near the $5,400 pivot level. Only a close below $5,280 and the 100 SMA might negate the current bullish view.

Technical indicators:

Hourly MACD – The MACD is gaining strong momentum in the bullish zone.
Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is now in the overbought zone.
Major Support Levels – $5,420 followed by $5,400. 
Major Resistance Levels – $5,520, $5,550 and $5,600. 

[RaimondRandom]

rose to 6000 faster than I thought. I thought only in June will be so much

[anthon.stephens]

Bitcoin (BTC) Price Flirting With Key Support: Fresh Rise Likely

https://www.newsbtc.com/wp-content/uploads/2019/05/Bitcoin-6.png

Bitcoin price corrected lower recently after trading above the $5,800 level against the US Dollar.
The price declined below the $5,700 level and tested an important support near $5,580.
There is a key bullish trend line forming with support near $5,600 on the hourly chart of the BTC/USD pair (data feed from Kraken).
The pair is likely to bounce back above $5,700 as long as it is above $5,600 and $5,540.
Bitcoin price remains well supported on the downside above $5,500 against the US Dollar. BTC could start a fresh rise if it clears the $5,700 and $5,780 resistance levels.

Bitcoin Price Analysis

This past week, we saw a strong rise in bitcoin price above the $5,700 resistance against the US Dollar. The BTC/USD pair even broke the $5,800 level and settled well above the 100 hourly simple moving average. The price traded to a new 2019 at $5,837 and recently started a downside correction. It traded below the $5,700 support and the $5,650 pivot level. However, the price remained well bid above the $5,540 and $5,580 support levels.

More importantly, the price is holding the 100 hourly simple moving average and is currently above $5,600. There is also a key bullish trend line forming with support near $5,600 on the hourly chart of the BTC/USD pair. An immediate resistance is near $5,685, and the 50% Fib retracement level of the recent decline from the $5,782 high to $5,584 low. However, the main resistance is near the $5,760 level and a connecting bearish trend line on the same chart. A successful close above $5,760 and $5,780 might push the price above the $5,800 and $5,850 levels.

On the downside, the main support is near the $5,600 level and the 100 hourly SMA. Below $5,600, the next key support is near the $5,540 level, where the bulls may emerge. If there is a downside break below $5,540, the price may revisit the last line of defense near $5,420. Any further losses may push the price in a short term bearish zone towards $5,200 or $5,100.

Bitcoin Price Analysis BTC Chart

Looking at the chart, bitcoin price is currently trading above important support near $5,600 and $5,580. Therefore, there are high chances of a fresh rise above $5,700 and $5,760. If the bulls regain momentum, the price could even trade to a new 2019 high above the $5,850 level in the coming sessions.

Technical indicators:

Hourly MACD – The MACD is currently placed in the bearish zone, with a few negative signs.
Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is currently recovering, but it is still well below the 50 level.
Major Support Levels – $5,600 followed by $5,540.
Major Resistance Levels – $5,680, $5,700 and $5,760.

[RaimondRandom]

as for me 5400 is more likely

[anthon.stephens]

Bitcoin (BTC) Price Rally Reaches Inflection Point: $6.1K and $6.8K Hold Key

https://www.newsbtc.com/wp-content/uploads/2019/05/Bitcoin-7.png

Bitcoin price rallied another 4% and climbed above $5,850 against the US Dollar.
The price is surging higher, but there are many hurdles near $6,000, $6,070 and $6,100.
There was a break above a crucial bearish trend line at $4,730 on the daily chart of the BTC/USD pair (data feed from Kraken).
The pair could spike above $6,000 or even towards $6,800 before correcting lower sharply.
Bitcoin price is surging higher towards $6,000 against the US Dollar. BTC could extend gains, but it is facing two important hurdles near $6,100 and $6,800 on the daily chart.

Bitcoin Price Analysis

In the past few days, there was a steady rise in bitcoin price from the $4,000 swing low against the US Dollar. The BTC/USD pair broke the $4,400 and $4,700 resistance levels to start a strong upward move. There was even a close above the $4,200 resistance and the 100-day simple moving average. The bulls pushed the price above the 50% Fib retracement level of the last major decline from the $6,562 high to $3,115 low.

More importantly, there was a break above a crucial bearish trend line at $4,730 on the daily chart of the BTC/USD pair. Recently, the pair broke the $5,250 and $5,500 resistance levels to extend gains. It is now trading well above the 76.4% Fib retracement level of the last major decline from the $6,562 high to $3,115 low. These all are positive signs, suggesting more gains above the $5,900 level. However, there are many hurdles on the upside near the $6,000, $6,070 and $6,100 levels. The $6,070 level was the previous breakdown support and it may now prevent gains.

If there is an upside break above $6,100, there could be an upside extension towards the $6,532 swing high. The main resistance above $6,500 is near the $6,800 level, the main pivot zone of Oct 2018. Therefore, there are chances of a strong bearish reaction from $6,100, $6,500 or $6,800 in the coming days.

[/b]Bitcoin Price Analysis BTC Chart[/b]

Looking at the chart, bitcoin price seems to be gaining pace above the $5,500 and $5,600 levels. Having said that, the bulls are likely to face a strong offer zone near $6,000, $6,070 and $6,100. If there is a successful close above $6,100, the price may climb higher towards $6,500 or even $6,800 before starting a substantial downside correction. On the downside, there are many supports near $5,540, $5,450 and $5,250. Below these, the price may revisit $5,000.

Technical indicators:

Daily MACD – The MACD is gaining bullish momentum with many positive signs.
Daily RSI (Relative Strength Index) – The RSI for BTC/USD climbed above the 70 level and it seems to be heading towards the 80 level.
Monthly Support Levels – $5,450 followed by $5,250. 
Monthly Resistance Levels – $6,070, $6,500 and $6,800. 

[Kemarit]

right now there seems to be a strong resistance around $6000 as we are having a difficult time breaching it. The highest price I've seen is around $5990 and then a minor pullback to $5950 then the price will go on $5960-$5970. But still a good indication that we are in the bullish cycle right now. So let's see if we can break $6000 and go for the upside around $6100 or it will it just over $6000 before another pullback.

[anthon.stephens]

Bitcoin (BTC) Price Defies Gravity With Upsurge, Bulls Aiming $6.5K

https://www.newsbtc.com/wp-content/uploads/2019/05/Bitcoin-10.png

Bitcoin price was unfazed and it recently broke the $6,200 resistance level against the US Dollar.
The price even broke the $6,300 level and it seems like the bulls are now aiming $6,500.
There is a major bullish trend line forming with support at $6,050 on the hourly chart of the BTC/USD pair (data feed from Kraken).
The pair could find a strong buying interest if it corrects lower towards $6,100 or $6,000.
Bitcoin price rallied more than 4% and cleared $6,300 against the US Dollar. BTC remains in a strong uptrend and it seems like the bulls are now aiming a test of $6,400 or even $6,500.

Bitcoin Price Analysis

This week, bitcoin price overcame all hurdles and rallied above $6,000 and $6,200 against the US Dollar. The BTC/USD pair gained bullish momentum after it settled above $6,100 and the 100 hourly simple moving average. Recently, it broke a bullish flag pattern with resistance near $6,040 on the hourly chart to start a strong upward move. As a result, the bulls pushed the price above the $6,250 and $6,300 resistance levels. A new 2019 high was formed at $6,315 and the price is likely to extend gains.

An initial support is near the $6,230 level, and the 23.6% Fib retracement level of the recent rally from the $5,961 low to $6,315 high. If there is a downside extension, the next key support could be $6,140. It represents the 50% Fib retracement level of the recent rally from the $5,961 low to $6,315 high. More importantly, there is a major bullish trend line forming with support at $6,050 on the hourly chart of the BTC/USD pair. Moreover, the previous resistance area near $6,050 is likely to act as a strong buy zone if the price corrects lower.

Besides, the price is now well above the $6,000 pivot level and the bullish 100 hourly SMA. Therefore, there are chances of more upsides above the $6,300 and $6,350 levels. The next main hurdle is near the $6,400 level, above which the price could rally towards the $6,500 level.

Bitcoin Price Analysis BTC Chart

Looking at the chart, bitcoin price is gaining bullish momentum above $6,200 and $6,300, with no major bearish sign. In the short term, there could be a few bearish moves, but dips remain supported near the $6,200 and $6,100 levels. Only a daily close below $6,000 and the 100 hourly SMA could start a substantial downside correction.

Technical indicators:

Hourly MACD – The MACD is currently placed heavily in the bullish zone, with positive signs.
Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is currently correcting lower in the overbought zone.
Major Support Levels – $6,200 followed by $6,140.
Major Resistance Levels – $6,300, $6,400 and $6,500. 

[anthon.stephens]

Bitcoin (BTC) Price Forecast Remains Bullish: Bulls Target $8.5K and $9K

https://www.newsbtc.com/wp-content/uploads/2019/05/Bitcoin-14.png

Bitcoin price surged more than 10% and broke the key $8,000 barrier against the US Dollar.
The price traded to a new 2019 high close to $8,180 and remains in a strong uptrend.
There is a short term bullish pattern forming with resistance near $8,050 on the hourly chart of the BTC/USD pair (data feed from Kraken).
The pair could rally further towards $8,500 once it breaks $8,050 and $8,100.
Bitcoin price rallied significantly and broke $8,000 against the US Dollar. BTC bulls remain in full control and they are likely to target the $8,500 level in the coming sessions.

Bitcoin Price Analysis

There was no stopping bitcoin after it broke the $7,500 resistance level against the US Dollar. The BTC/USD pair started a fresh rally after forming a swing low at $6,995. It broke the $7,200 and $7,500 resistance levels, plus remained well above the 100 hourly simple moving average. Finally, the bulls were able to clear the last swing high near $7,580 and pushed the price towards the $8,000 barrier. There was a clear break above the $8,000 barrier and the price posted a new 2019 high close to $8,180.

Recently, there was a sharp downside correction below $7,850 and the 23.6% Fib retracement level of the upward move from $6,995 low to $8,172 high. The price even dipped below the $7,800 level. However, the $7,600 level acted as a strong support. Besides, the 50% Fib retracement level of the upward move from $6,995 low to $8,172 high acted as a support. The price is now back above $7,800 and $7,950. Moreover, there is a short term bullish pattern forming with resistance near $8,050 on the hourly chart of the BTC/USD pair.

The pair seems to be ready to clear the triangle resistance at $8,050 and trade towards the $8,172 swing high. Additionally, there are high chances of a break above the $8,200 and $8,320 resistance levels. The next stop for the bulls could be $8,500.

Bitcoin Price Analysis BTC Chart

Looking at the chart, bitcoin price is likely setting up for more gains above the $8,050 and $8,150 levels. Conversely, if there is a downside correction, the price may find buyers near the $7,950 and $7,840 levels. The main support for the current wave is near $7,580 (the recent breakout level). The overall price action is super bullish, with technical indicators pointing a run towards $8,500 or even $9,000.

Technical indicators:

Hourly MACD – The MACD is sighting a fresh increase in the bullish zone.
Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is currently well above the 55 and 60 levels.
Major Support Levels – $7,950 followed by $7,840.
Major Resistance Levels – $8,050, $8,170 and $8,320

[anthon.stephens]

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

https://www.newsbtc.com/wp-content/uploads/2019/05/Bitcoin-15.png


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 is likely to climb back above $8,200 and $8,300.

Bitcoin Price Analysis

Yesterday, we saw an extended rally in bitcoin price above the $8,000 barrier against the US Dollar. The BTC/USD pair broke the $8,200 and $8,300 resistance levels. It traded close to the $8,340 level and a new 2019 high was formed at $8,338. Later, the price started a downside correction below the $8,200 support, but remained well above the 100 hourly simple moving average. The price declined below the $8,000 support level and traded close to the key $7,600 support area. A swing low was formed at $7,631 and the price recovered recently above $8,000.

There was a break above the 50% Fib retracement level of the recent decline from the $8,338 high to $7,631 low. However, the price seems to be facing a strong resistance near $8,150. The 61.8% Fib retracement level of the recent decline from the $8,338 high to $7,631 low is also preventing an upside break. Moreover, there is a short term bearish trend line forming with resistance near $8,100 on the hourly chart of the BTC/USD pair. Therefore, the pair needs to clear the trend line and $8,150 to start a fresh increase.

On the upside, an immediate resistance above $8,150 is at $8,220. The next key resistance is near the $8,340 level, above which the price could test the $8,500 level. The 1.236 Fib extension level of the recent decline from the $8,338 high to $7,631 low is also near the $8,505 level.

Bitcoin Price Analysis BTC Chart

Looking at the chart, bitcoin price is currently consolidating above the $8,000 level. In the short term, there could be another drop towards $7,850 or even $7,630. However, there are many support on the downside near the $7,580 and $7,600 levels. Besides, this week’s followed important bullish trend line is intact with support at $7,580. As long as the price is above the trend line support, it is likely to break $8,150 and $8,340.

Technical indicators:

Hourly MACD – The MACD is likely to move back in the bullish zone.
Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is currently flat above the 50 level.
Major Support Levels – $7,850 followed by $7,630 
Major Resistance Levels – $8,100, $8,150 and $8,340 

[prtty2gal2]

My problem with all these technical analysis of a thing is that they never say the same thing, you will see some of them saying that there is going to be a Bull run and you will see some of them saying that it is going to be the opposite, and worst of it all is that they are all claiming to be experts, then who the heck is someone going to believe? Well, I think that you're the one who is correct, there is going to be a Bull run for sure because judging from when you posted this here, March 28th, the price has gone from that rate of $4000 to $8000 and that's double of the price we had then. It is still showing signs that there is going to be further increase.

[bitgolden]

My problem with all these technical analysis of a thing is that they never say the same thing, you will see some of them saying that there is going to be a Bull run and you will see some of them saying that it is going to be the opposite, and worst of it all is that they are all claiming to be experts, then who the heck is someone going to believe? Well, I think that you're the one who is correct, there is going to be a Bull run for sure because judging from when you posted this here, March 28th, the price has gone from that rate of $4000 to $8000 and that's double of the price we had then. It is still showing signs that there is going to be further increase.

Lol, its same even with fundamental analysis, you will news that will carry good news about bitcoin, while one will carry otherwise, and they keep tossing us everywhere. I got an expert opinion when bitcoin was $6000, he advise me technically that within few weeks, bitcoin will do a correction if $4800, I backed out from further investing, hoping for the dump, till now, no sign of bitcoin dumping that hard.

I think it’s just better to learn to follow our own opinion alone, since we already believe in the potential of bitcoin, we just buy, hold and wait till it gets to a very high price, even if it is not now and has to be future, after all, investment is meant for the future.