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Bitcoin has formed lower highs and higher lows to create a symmetrical triangle on its daily time frame. Price is currently testing the resistance, still deciding whether to make a bounce or a break.
A bounce could take price back to the bottom of the triangle around $9,600 while a break higher could spur a rally that’s around the same height as the chart formation. The triangle spans $9,000 to around $13,500 so the uptrend might last roughly $4,500.
The 100 SMA is above the longer-term 200…
https://www.youtube.com/watch?v=wku6MGYDuPE BTC, ETH/ Technical analysis price forecast 29 jan Hello! I make Bitcoin, XRP (Ripple) & other crypto technical analysis price predictions based on charts.
Bitcoin is still trading inside its symmetrical triangle and is currently testing support at the $10,100 area. Another bounce off this level could form a small double bottom and spur a climb to the resistance at $11,500 next. On the other hand, a break below support could set off a…
Bitcoin appears to have completed its bullish breakout from the symmetrical triangle pattern visible on the 4-hour time frame. Price has also bounced off a quick retest to the broken resistance.This suggests that Bitcoin could be due to resume its longer-term climb that might last at least the same height…
Dash has been trading inside an ascending triangle visible on its 4-hour time frame as it formed higher lows and hit resistance around $95. Price is making another test of the resistance and the bullish momentum could take it up for a break higher.The 100 SMA is above the longer-term…
Bitcoin fell through the bottom of the small triangle previously highlighted and is now testing the support of the longer-term one. A bounce off this level could still lead to a rally back to the resistance at $8,000.The 100 SMA is above the longer-term 200 SMA to indicate that the…