Bitcoin Price Recovers 85% of Recent Losses With Move Above $13K

View BTC continues to chart bullish higher lows and higher highs on short duration charts, favoring a retest of the recent high of $13,880. A move to $13,880 may take time if prices drop below key support at $12,538. That would allow a deeper pullback to $12,000. A high-volume UTC close below $12,000 would invalidate the short-term bullish setup, although that looks unlikely. Bitcoin (BTC) bolstered its already bullish technical setup with a move above $13,000 earlier today. The top cryptocurrency by market capitalization rose to $13,154 in the Asian…

Bitcoin Price (BTC) Hits $13K: Dips Remain Attractive To The Bulls

There was an upside extension above the $12,800 and $13,000 resistances in bitcoin price against the US Dollar. The price even traded close the second bullish target of $13,200 (as discussed yesterday). There is a major bullish trend line forming with support near $12,700 on the hourly chart of the BTC/USD pair (data feed from Kraken). Dips remain supported if there is a downside correction towards the $12,700 or $12,500 level. Bitcoin price climbed further higher and broke the key $13,000 resistance against the US Dollar. BTC is currently consolidating…

Ethereum (ETH) Price Could Surpass $320, Bitcoin Breaks $13K

ETH price is gaining momentum above the $310 resistance area against the US Dollar. The price must break the $315 resistance area to climb above the $320 resistance zone. There is a breakout pattern forming with resistance near $314 on the hourly chart of ETH/USD (data feed via Kraken). On the downside, there are a few important supports near the $306 and $302 levels. Ethereum price is likely to break the $320 resistance area versus the US Dollar, but struggled vs bitcoin. ETH price remains well supported on the downside…

Bitcoin Price Eyes Move Above $13K as Dominance Rate Hits 2-Year High

View Bitcoin’s violation of recent bearish lower highs with a move above $12,061 has opened the doors for a retest of $13,880. Prices reinforced the bull breakout with a successful defense of the former resistance-turned-support of $12,061 soon before press time. Bitcoin’s dominance rate has spiked to 27-month highs, backing the uptrend in prices. A high-volume UTC close below $12,000 would abort the bullish view. Bitcoin’s break above a key price hurdle looks to have set the tone for a retest of recent highs above $13,800. The top cryptocurrency bu…

Bitcoin (BTC) Price Surges 12%: Bulls Aim $13K or $13.2K

There was a strong rise in bitcoin price above the $12,000 resistance level against the US Dollar. The price broke the last swing high and traded to a new weekly high above $12,700. Yesterday’s highlighted crucial contracting triangle was breached with resistance near $11,520 on the hourly chart of the BTC/USD pair (data feed from Kraken). The bulls are currently in control and it seems like they are eyeing $13,000 or even $13,200. Bitcoin price climbed higher sharply above $12,000 and $12,500 against the US Dollar. BTC is currently showing…

Above $13K: Bitcoin’s Price Extends 2019 Gains to New 17-Month High

Bitcoin’s price has refreshed 17-month highs in the U.S. trading hours with a move above $13,000. CoinDesk’s Bitcoin Price Index is currently trading at 13,020, the highest level seen since mid-January 2018, having surpassed the Asian session high of $12,919 at roughly 17:30 UTC. With the rise above $13,000, bitcoin has taken the cumulative month-to-date gains to 50 percent and the cryptocurrency now looks set to log double-digit gains for the third straight month. Further, BTC is on track to end higher for the fifth straight month – the longest monthly…