Bitcoin (BTC) Price Watch: Bullish Breakout Alert!

2018-9-28 07:20

Bitcoin Price Key Highlights

Bitcoin price recently formed lower highs and higher lows to consolidate in a symmetrical triangle. Price appears to have completed an upside breakout, signaling that more gains are underway. Technical indicators, however, are reflecting a slowdown in bullish momentum.

Bitcoin price is breaking out of its triangle consolidation pattern but might still be facing some bearish pressure.

Technical Indicators Signals

The 100 SMA is still below the longer-term 200 SMA to signal that the path of least resistance is to the downside. In other words, there’s still a chance for bearish momentum to return and prove that the break higher was a fake out.

Then again, bitcoin price is trading above the 200 SMA dynamic inflection point to reflect stronger bullish pressure. This could spur a bullish crossover soon, especially since it seems the moving averages are just oscillating. In that case, price could climb by the same height as the chart formation, which spans $6,000 to around $8,400.

Stochastic is pointing up to show that buyers have the upper hand but the oscillator is already dipping into the overbought region to signal exhaustion. Turning back down could bring sellers back in and lead to a dip to nearby support areas at the broken triangle top or even the bottom of the triangle again. RSI is also heading north and this oscillator has more room to climb before indicating overbought conditions, so buyers could stay in control a bit longer.

BTCUSD Chart from TradingView

Sentiment in the industry seems to be turning positive again, following a couple of positive industry updates. Google will be lifting its ban on bitcoin and ICO ads by next month, likely reviving interest from the general public. However, the search engine will only approve ads from regulated entities targeting audiences in the US and Japan only.

The post Bitcoin (BTC) Price Watch: Bullish Breakout Alert! appeared first on NewsBTC.

origin »

Bitcoin price in Telegram @btc_price_every_hour

Bitcoin (BTC) на Currencies.ru

$ 70629.62 (-0.09%)
Объем 24H $54.389b
Изменеия 24h: -1.29 %, 7d: 3.96 %
Cегодня L: $70515.11 - H: $71492.39
Капитализация $1412.726b Rank 1
Цена в час новости $ 6780.57 (941.65%)

price bitcoin breakout bullish triangle alert btc

Источник: newsbtc.com

price bitcoin → Результатов: 126


Фото:

Elliot Wave Theory Says Bitcoin Price Is Headed To $40,000, But The End Game Will Shock You

A technical analyst known as ‘V’ has shared a striking Elliott Wave Theory-based Bitcoin price outlook on X that he believes most market participants are completely overlooking. The chart, plotted on Bitcoin’s weekly timeframe, outlines a multi-year roadmap that could first subject the cryptocurrency to significant downside pressure, potentially triggering a price crash to $40,000 before setting the stage for an explosive rally that could shock investors and traders.

2026-3-4 18:00


Kaspa (KAS) Price Mirrors Bitcoin’s Early Path As Chart Points To New All Time High

Kaspa price is back in focus after a chart surfaced showing a striking resemblance between KAS price action and Bitcoin price behavior before one of its most powerful historical rallies. The visual comparison is hard to ignore, showing a long consolidation phase, gradual upward pressure, and then a sharp expansion that changed Bitcoin’s trajectory completely.

2026-1-21 17:30


Фото:

Bitcoin demand is breaking out, but dealers are mechanically forcing stability: Here is the exact price the dam cracks

Bitcoin is now trading around near $96,000 as spot ETF inflows and options market positioning exert opposing mechanical forces on price behavior. The current price sits just outside a range between roughly $90,000 and $94,000, a band that has persisted despite intermittent surges and declines in spot demand through US-listed Bitcoin exchange-traded funds.

2026-1-16 20:50


Фото:

Bitcoin Big Move Incoming? BTC Whales Are Stacking Long Positions At A Rapid Pace

Bitcoin’s price may be showcasing slight upward movement, but the overall outlook is still quite bearish considering the volatile state of the broader cryptocurrency market. Even with the flagship asset trading below the $90,000 price mark for the past few weeks, expectations for another huge rally remain solid in the hearts of major investors as […]

2025-12-29 19:00


дальше еще 77 новостей →

Партнеры Currencies.ru



Реклама на Currencies.ru

Самое свежее на Currencies.ru

Bitcoin (BTC) Price Watch: Aiming for $7,000 Next?

Bitcoin Price Key Highlights Bitcoin price is gaining traction on it bounce off the channel support on its 4-hour time frame. A move to the next upside targets might be in the works and the Fibonacci extension tool marks these.

Bitcoin (BTC) Price Watch: Eyes on This Support Zone!

Bitcoin Price Key Highlights Bitcoin price is still moving inside a range visible on its 1-hour time frame and looks prime for a test of support. Price has made it halfway down through the range and could have enough momentum for a move to the bottom.

Bitcoin (BTC) Price Watch: Bears Refusing to Let Up

Bitcoin Price Key Highlights Bitcoin price recently tumbled below a short-term rising trend line but might be due for a pullback. Applying the Fib retracement tool on the latest swing high and low shows the levels where more sellers might be waiting.