Bitcoin is still struggling to clear the $7,400 and $7,500 resistances against the US Dollar. BTC price must stay above $7,080 to rally above $7,500. If not, it could decline heavily below $7,000.Bitcoin is trading in a contracting range below the $7,400 resistance against the US Dollar.A crucial breakdown support is forming near the $7,080…
Bitcoin has seen some notable fundamental growth throughout the past week – according to on-chain data – which appears to have come about in tandem with the benchmark cryptocurrency’s climb into the $7,000 region.Large players within the nascent crypto market – commonly referred to as whales – have also been fueling this fundamental growth, appearing…
It has been another boring day for Bitcoin, with the benchmark cryptocurrency further extending its bout of sideways trading as its bulls and bears reach an impasse within the lower-$7,000 region.This lackluster price action comes close on the heels of Bitcoin’s recent surge up to highs of $7,500, with the resistance it met here proving…
Crypto investors have been in this position time and time again. Bitcoin and the rest of the market has been rising, building up bullish momentum, and then what? Thus far, nearly every major rally has been nothing more than a bear market rally.Is this time different? Or will the crypto market suffer another massive crash…
Bitcoin just completed a repeating pattern signaling the third, and potentially final miner capitulation event, that in during past cycles proceeded the start of a major bull run, leading to a new all-time high.Past Bitcoin Market Cycles Suggest Miners Capitulate Three Times Before Bull RunAll financial markets are cyclical, and Bitcoin and cryptocurrencies are no…
It’s no secret the past few weeks have been tough for Bitcoin investors. The past month saw a number of horrors: over a billion dollars worth of BitMEX positions were liquidated during the flash crash on March 12th, the cryptocurrency slid 50%, and much more.But, prominent analysts are starting to come to the conclusion that…
Bitcoin is showing a few bearish signs below the $7,400 resistance area against the US Dollar. BTC price is currently declining and it could extend its weakness towards $7,100 or $6,800.Bitcoin is struggling to clear the $7,400 and $7,500 resistance levels against the US Dollar.The bears are slowly taking control and they are likely aiming…
Bitcoin dominance has not only broken down from a two-year-long uptrend, but it has also retested the trend line as resistance and failed to reclaim the key level.With trend line support now confirmed as resistance, its likely that Bitcoin dominance could see an extended downtrend in the days, weeks, and months ahead. But what does…
After last month’s catastrophic collapse, Bitcoin and the rest of the crypto market has made a strong recovery, nearly doubling in value from the recent extreme low.But just as the asset class has reached critical resistance, a rough week and a deadly accurate sell signal triggering on a dozen or more individual crypto assets are…
Bitcoin and the entire crypto market appears to have entered another bout of sideways trading within the lower-$7,000 region, with bulls struggling to surmount the resistance that has been formed around $7,300.The price action seen throughout the past couple of weeks, however, seems to suggest that this consolidation may be short-lived, as it is on…