Bitcoin Price Analysis

Bitcoin is still hovering around the top of its ascending channel on the 1-hour time frame but looks poised for a break higher. Price encountered stronger volatility in the past 24 hours, possibly completing a quick pullback to the…

Bitcoin is still hitting a roadblock at the $4,100 area but is forming higher lows to signal that bulls are trying harder. This appears to be a bullish pennant formation, with a break past the highs likely indicating that continuation…

Bitcoin is still on a tear but could use a pullback in order to sustain a climb. Price hit resistance close to the $4,100 mark and appears ready for a retracement to the Fib levels on the 1-hour time frame. Applying the Fibonacci tool…

Bitcoin could be due for an even bigger climb as it breaks past the neckline of the complex inverse head and shoulders on the 4-hour time frame. Price is closing above the $3,900 mark and might go for an uptrend that’s the same…

Bitcoin broke above its short-term descending channel to confirm that the climb is gaining traction. This also completes a breakout from the bullish flag continuation pattern, indicating that a climb of the same height as the mast is…

Bitcoin continues to trend lower inside a short-term descending channel on its 1-hour time frame. Price recently bounced off support but continues to tread sideways as it tests the mid-channel area of interest. The 100 SMA is above the…