The information provided in this article is for informational purposes only and does not constitute financial advice. Cryptocurrency investments carry a high degree of risk. Always conduct your own research.

Bitcoin Price Analysis- Bitcoin on the way to touch $10,000 mark!

The Bitcoin price broke out bullishly and halving is due in two weeks! The BTC price is showing promising improvements. Can the Bitcoin price be stopped at all? If you closely observe the TradingView charts then one can say that […]

By: Prasanna Peshkar

Published: 05/26/2020|Updated: 11/24/2023

2 min read

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Bitcoin price analysis- golden ratio split at $ 7,800!

The golden ratio at ± $ 7,800 was broken bullishly by the Bitcoin price and it is currently about to target the next resistance at $9,200. At $9,800, the significant 0.382 Fib level rests between two golden ratios, which indicate the upper and lower side of the horizontal value between $9,200 – $ 10,500.

Bitcoin will encounter strong resistance in this area, but breaking the golden ratio is remarkably bullish regarding the expected halving date. Bitcoin price is already supported at $ 7,800 – $ 8,200.

Bitcoin price analysis- 7 bullish weeks in a row!

It’s been 7 bullish weeks in a row and yet the RSI is far from overbought in regions. So the chances are good that Bitcoin can finally switch to a new bull market and aim for new highs for 2020. Nevertheless, a short-term reset can be expected in the area of horizontal resistance between $ 9,200 – $ 10,500.

Apart from the support between $ 7,800 – $ 8,200, the next supports are :

$ 6,400 – $6,900
$6,000 mark
$4,200 – $5,000
$3,100 – $3,600

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Bitcoin price analysis- bullish engulfing candle in the monthly price!

There are only a few hours left until the monthly candle of Bitcoin closes. The monthly candle is currently above the closing value of the previous candle, which is why the current candle represents a “bullish engulfing candle”. However, this monthly candle must also close above $ 8,600 for the monthly candle to form a “bullish engulfing candle”, which would be extremely bullish. In terms of Bitcoin halving in 2 weeks, it could look very favorable for the Bitcoin price this year.

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MAJOR Bitcoin News: Bitcoin Price SURGE Expected At This Level

Bitcoin and Ethereum are at critical junctures, with key resistance levels in sight. Are the markets poised for a breakout, or will bearish pressures prevail? Explore the latest analysis and insights.

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Today, technical analysts are charting while zooming out and noticing a scary future. Will Bitcoin Price crash towards 20K?

In this Bitcoin price prediction article, we analyze BTC from a technical view and see where might Bitcoin crash towards.

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Bitcoin Price Analysis – What Happened to BTC during the weekend?

Bitcoin prices consolidated during this past weekend and confirmed a previous level of support of USD 12,680 discussed in our previous Bitcoin Price Analysis. New Support level tested during the weekend Very low volatility was recorded for Bitcoin during the […]

Konstantin Kaiser

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Ethereum Price Prediction – Is Ethereum Still Heading To $550 Or Is It Over!?

The price of Ethereum reached $490, about 11% under our bullish target of $550. Can Ethereum still reach the $550 mark? Ethereum Price Forecast – Ethereum reaches $490 then follows Bitcoin’s dump! The Ethereum price was able to break the […]

Prasanna Peshkar

August 17, 2020 4:34 PM

BTC Price Analysis: Bitcoin Price Passed 12K

The Bitcoin price has finally touched a $12,000 mark. The price was stuck in $11,900 and was almost showing lazy movement in the past 48 hours. At the time of writing this, the BTC price is sitting at $12,160.73 (+2.50%). Let’s […]

Prasanna Peshkar

January 29, 2020 3:53 PM

Bitcoin Price USD Analysis: BTC/USD touched $9300

Bitcoin Price USD has gone past $9300 and it is showing progressive behavior toward the $10000 mark. The BTC/USD price is trading in a confident area, up +3.97% in the 24 hours.The Bitcoin Price USD bulls are in full recovery […]

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Ethereum Price Prediction: Amid Mixed Signals What To Expect For ETH Price?

Ethereum faces volatility and competition, but signs of bullish activity and whale accumulation suggest potential recovery. How does it compare to Solana, and what does the future hold for ETH?

Kieth Rean Garcia

March 29, 2024 1:26 PM

Celestia Price Prediction: How High Can TIA go this April?

Explore Celestia (TIA)'s price prediction amid Bitcoin's halving. Will TIA soar or face challenges? Insights on its bullish potential.

Prasanna Peshkar

February 17, 2024 5:25 PM

5 Reasons Why the Bitcoin Price Can Rise to $500,000 in 2025!

The BTC burst above the 50,000 dollar threshold. We'd like to share five reasons why the Bitcoin price might grow to $500,000 by 2025.

Prasanna Peshkar

January 15, 2024 6:37 AM

Is Bitcoin (BTC) Price Poised to Hit $1 Million within Days to Weeks? – Max Pain Theory Factor?

With the impending Bitcoin halving in April, experts hold varying opinions on the prospective trajectories of Bitcoin price.

Prasanna Peshkar

November 16, 2023 7:21 AM

XRP Price Prediction: How High the XRP Price Will Go After the 2024 Halving?

Will XRP soon hit $1? or How high will XRP price go after the Bitcoin halving? Let us examine this in this XRP price prediction post.

Robert Weiss

October 20, 2020 7:23 PM

Bitcoin Price Breaks $12,000 For The First Time In 2 Months

Bitcoin just broke $12,000 for the first time since September 1. The $12,000 psychological level was a strong point holding the price of Bitcoin. The digital asset is looking at $13,000 and even $14,000 as most technical indicators show very […]

Prasanna Peshkar

July 4, 2019 5:48 PM

Analysis: Bitcoin Price is looking bullish

Bitcoin is once more observing bullish trend as the world’s most significant decentralized asset has noticed a fresh introduction of purchasing support to rally near to 19% in price since the start of the month July 2019. The BTC tried […]