Tag Archives: Bitcoin Price Chart Analysis

Bitcoin Price Analysis: Post-Fork Exuberance Shows No Signs of Pulling Back (Yet)

Remember that time I said BTC-USD likely won’t see a new all time high (ATH) any time soon? Looks like I was wrong. Shortly after posting my previous BTC-USD analysis, in a matter of one hour, the price of BTC-USD not only broke its record high, but it surpassed it by $200 after ultimately settling in the $3200s. As of this morning, BTC-USD pushed another ATH of $3440 on Bitfinex marking a $600+ in less than a week. Let’s take a look at what these moves can […]

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Bitcoin Price Analysis: Bear Markets Test Crucial Support Levels

This morning marked another bearish day in the crypto-space as the entire market cap continued its multi-week-long decline. As referenced in a previous BTC-USD price analysis, we have continued to test the neckline of a massive, multi-week-long Head-and-Shoulders reversal pattern. At the time of this article, the market is making its second test of the ascending trendline (marked in yellow). Figure 1: BTC-USD, 6-hr Candles, Gemini, Head-and-Shoulders Pattern A breakdown of the ascending trendline typically marks a very characteristic, sustained market reversal that, in our case, has […]

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