1-Hour Chart Bitcoin 00 remains above the ascending trendline and is currently trading within a tight $200 dollar range along the $8,225 support which is also slightly above the 100-day MA.
At the same time, the 50 MA is also in the process of crossing above the 100-day MA.
If BTC falls below the bullish trendline at $7,984, a revisit to the $7,750 support could occur.
Again, a drop below the ascending trendline at $7,903 could drop BTC to the next support at $7,750 and $7,400.
A high volume breakout above the $8,476 (200-day MA) could extend BTC price toward $9,000.
Bitcoin (BTC) is showing bullish signs in the short-term which could lead to a breakout from the current descending wedge pattern.
The post Bitcoin (BTC) Looks Poised to Break out From This Pattern in Short-Term appeared first on BeInCrypto.
Bitcoin (BTC) has possibly begun a bullish reversal with an impressive increase on Friday. The shape of the ongoing increase will be crucial in confirming this possibility.
The post Bitcoin (BTC) Pushes Past $20,000 – Has a Bullish Reversal Begun? appeared first on BeInCrypto.
Bitcoin (BTC) is showing bullish reversal signs in the weekly timeframe but is still trading inside a corrective short-term pattern.
The post Bitcoin (BTC) Retraces After Briefly Breaking $25,000 appeared first on BeInCrypto.
After eight successive bearish candlesticks since June 7, Bitcoin (BTC) created a bullish candlestick with a long lower wick on June 15.
The post Bitcoin (BTC) Creates Bullish Hammer Candlestick appeared first on BeInCrypto.