Bitcoin Price Analysis

Bitcoin (BTC) Price Analysis – Reversal Candlestick At Make-Or-Break Level

May J, 2018
Market Hive
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Bitcoin (BTC) Price Analysis – Reversal Candlestick At Make-Or-Break Level   Bitcoin is down to the last line of defense for bulls but a reversal candlestick is forming. BITCOIN PRICE ANALYSIS Bitcoin is consolidating inside a symmetrical triangle on its daily time frame and is currently testing support. This could be the last line of defense for buyers, as a break below support could signal that a longer-term selloff is underway.   However, a reversal candlestick or a doji appears…

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Bitcoin Price Analysis – Consolidation continues

May J, 2018
Market Hive
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Bitcoin Price Analysis – Consolidation continues     Bitcoin (BTC) has continued to seesaw, sliding 20% since May 6th and then recovering slightly over the past few days. The market cap now stands at US$144.86 billion, with US$1.64 billion traded in the past 24 hours. On the network side, hash rate and difficulty continue to push record highs, with ongoing shipments of ASICs from multiple mining companies, including Bitmain and Halong. Although the original Bitcoin Whitepaperdescribed Proof of Work (PoW)…

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Bitcoin Price Technical Analysis for 5th April 2018 – Next Potential Support Zones

April J, 2018
Market Hive
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Bitcoin Price Technical Analysis for 5th April 2018 – Next Potential Support Zones Bitcoin Price Key Highlights Bitcoin price is trending lower still after recently pulling back to a descending trend line on its 1-hour time frame. Price is eyeing the next downside targets marked by the Fibonacci extension tool. Technical indicators are giving mixed signals, but it looks like bears could still win out. Bitcoin price has resumed its slide after a quick pullback, possibly attempting to make new…

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Bitcoin Price Analysis – The bottom is likely in

February J, 2018
Market Hive
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Bitcoin Price Analysis – The bottom is likely in Bitcoin (BTC) has risen ~50% over the past week following a ~60% drop throughout early January and February. The leading cryptocurrency now has a market cap of ~US$150 billion, with over US$3.5 billion traded over the past 24 hours. The mining sector is heating up rapidly all over the world, bringing additional decentralization to an industry that has been concentrated in China for many years. While being compared to a gold…

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