CryptoMetaTrader

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The Bitcoin trend of parabolic gains could see the top-ranked cryptocurrency set a new all-time high (ATH) before the end of 2018 or in early 2019. BTC is currently hovering between $6,000 and $7,000 with its highest third quarter price of $8,400 set in early July 2018. The anthem for many BTC critics is its volatility. Bitcoin bashers do not relent in pointing...

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Bitcoin price on Friday is very erect, holding solid gains of over 3%, as the wind remains behind the bulls. BTC/USD bulls managed to break above a chunky area of resistance, which was originally formed a bearish flag pattern. Heavy supply zone tracking from $6500 - $6600 area has been cleared by the bullish momentum on Friday. The Bitcoin price saw strong...

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Bitcoin price opened the day trading at $6335 and fell 4% to $6100 within 15 minutes at 2 pm EST. Thirty minutes later, BTC gained $445 and was trading at highs of $6,550. The catalyst for the initial drop while uncertain is likely to be connected with either the CBOE XBT Expiration or the news of the hack on a Japanese based exchange Zaif, which indicated 5,966...

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Bitcoin recovered nicely from the primary support at $6,200 and broke above $6,300. Moreover, the uptrend headed for $6,400 traded slightly above $6,380 before retreating. Looks like Bitcoin price is slowly trending higher in a short-term ascending channel, possibly setting its sights on the very top. The mood in financial markets appears to have improved on...

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Bitcoin's (BTC) drop to five-day lows on Monday has likely emboldened the bears, technical studies indicate. The leading cryptocurrency traded in a sideways manner over the weekend, neutralizing the immediate bullish outlook. However, the consolidation was expected to end with an upside break, as the short-term moving averages (MAs) turned bullish on Saturday,...

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Bitcoin looks primed for a minor rally, having defended a key moving average support in the last 72 hours, technical charts indicate. The 50-day moving average (MA), one of the most widely tracked technical indicators, was put to test in the previous two trading days. However, on both occasions, prices failed to penetrate the MA support on a daily closing basis...

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Bitcoin's (BTC) minor price pullback yesterday has likely recharged the bulls for a rally towards $8,000, technical charts indicate. The leading cryptocurrency has spent a better part of the last 15 hours trading in the $7,240–$7,440 range, having clocked a 40-day high of $7,588 at 18:00 UTC yesterday. Moreover, BTC was looking overbought at multi-week highs,...

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Yesterday, July 10, the price of Bitcoin was in a bearish trend as it retraced from its recent high of $6,719.30 to test the bullish trend line. The cryptocurrency had tested and broken the trend line thus ending the previous bullish trend. Today, the Bitcoin price has a bearish outlook as price fell to the previous low of $6,253.31. The bullish setup will...

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Bitcoin price started a downside move from the $6,840 swing high against the US Dollar. The BTC/USD pair declined and broke the $6,700 support level. The decline was such that the price failed to hold the $6,680 support area. More importantly, there was a break below the 50% Fib retracement level of the last leg from the $6,445 low to $6,840 swing high. There was...

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The price of bitcoin (BTC) is stuck in a $400 range defined by key technical levels, and the direction of the breakout will likely set the tone for the next move in the cryptocurrency. The trading range's lower end is $6,341, a double bottom neckline (former resistance-turned-support), which was scaled on June 30. Meanwhile, $6,754 (a 23.6 percent Fibonacci...

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Yesterday, bitcoin price started a downside correction after trading above the $6,450 level against the US Dollar. The BTC/USD pair corrected below the $6,350 level and tested an important support at $6,250. Moreover, there was a test of the 38.2% Fib retracement level of the last leg from the $5,780 low to $6,530 high. The price completed a correction pattern and...

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Last week, price of Bitcoin was in a bearish trend. The bulls were consistent as they sustained and traded above the $6,000 price level. Technically, it is assumed that a bearish trend is over, if a bullish candlestick breaks and closes on the opposite side of the trend line. Meanwhile, the MACD line and the signal line are below the zero line which indicates a...

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The BTCUSD pair has sustained its price above $6,000 for the second day running. The cryptoasset had earlier fallen on Sunday, June 24th, to the low of $5,840 before coming back to the previous level above $6,000. If the bulls can sustain their present momentum the price of Bitcoin will reach the highs of $7000 and $7,500. Therefore, if the price of Bitcoin...

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BTC/USD has been consolidating above the lows of yesterday’s mini squeeze. Since breaking above $6,000, BTC bulls have tried to keep the bears at bay. However, the bears are still in with a big say as they have managed to contain prices from breaking higher. Failing to rally has given the bears initiative and we won’t see an upside until BTC holds in green for...

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Yesterday, June 20, price of Bitcoin was range bound but closed trading at a price of $6,744.57. Today, the cryptoasset has commenced trading in a bullish trend. The 12-day EMA is above 26-day EMA and is trending northward indicating that Bitcoin is rising. Nevertheless, from the 4-hour chart, the MACD line and the signal line are above the zero line which...

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Bitcoin (BTC) is still in recovery mode, but the bulls must keep prices above key support seen just below $6,500 to maintain momentum, the technical charts indicate. The cryptocurrency clocked a high of $6,736 on Bitfinex yesterday amid signs of a bear breather. However, bargain hunters were short in supply and prices fell back below $6,600 at 01:00 UTC today....

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The recent downward movements have culminated in Bitcoin price trading within a ranging channel. The Bulls lack a fresh catalyst to shake off the bears and correct higher above $7,000. The recovery since the weekend declines has been locked below the resistance encountered at $6,900. Attempts to break above the descending trendline were thwarted with high selling...

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After a decent upside move, bitcoin price faced a lot of offers near the $7,750 level against the US Dollar. The BTC/USD pair formed a short-term top near $7,748 and started a downside correction. It declined and moved below the 23.6% Fibonacci retracement level of the last wave from the $7,350 low to $7,748 high. There seems to be a minor increase in selling...