Bitcoin price is declining and approaching the next bearish target of $6,500 against the US Dollar. The price is down close to 10% and it seems like the bears are targeting $6,500 or $6,400. There is a new connecting bearish trend line forming with resistance near $7,010 on the hourly chart of the BTC/USD pair…
Bitcoin has just plunged to a new six month low under $6,700 which opens up a new range of lows in the short term. The chances of a ‘santa rally’ are dwindling as crypto markets continue to crash back towards the deep chills of winter 2018 levels. Bitcoin Bottoms at $6,600 According to Tradingview.com BTC…
On Saturday, Bitcoin bulls were afforded a glimmer of hope as the cryptocurrency jumped 8% from the Friday low of $7,400. Though, this hasn’t lasted. As of the time of writing this article, BTC has just tapped $6,600 — the lowest the cryptocurrency has traded at since the middle of May earlier this year —…
With the debate raging over if Bitcoin (BTC) truly set a bottom at $6,700, an analyst recently tried to set the record straight, issuing the tweet below after Saturday’s candle close. In it, a popular cryptocurrency analyst that goes by “Salsa” noted that Bitcoin and Ethereum’s three-day charts printed the same extremely bullish candle pattern:…
After plunging to $6,800 on Friday, Bitcoin (BTC) has been subject to some reprieve; the cryptocurrency now trades at $7,300, up some 8-odd percent from the bottom. While this bounce is somewhat positive for bulls, especially considering the historical importance of the high-$6,000s, a key indicator suggests that there may be more pain to come…
There was a sharp decline in bitcoin below the $8,000 and $7,500 supports against the US Dollar. The price is currently correcting losses, but remains at a risk below $7,400. There is another breakdown pattern forming with support near $7,240 on the 4-hours chart of the BTC/USD pair (data feed from Kraken). The price is…
Bitcoin has been facing intense volatility over the past month, which first began when it incurred an explosive rally that sent it from $7,300 to highs of $10,600. In the time since this occurred, BTC’s bears have been firmly in control, erasing nearly all of the gains that were produced in this rally. In the…
Another week, another round of Crypto Tidbits. Bitcoin and other cryptocurrencies haven’t had the best of weeks. On Friday, BTC fell as low as $6,800, marking a 19% decline on the week. Altcoins posted similar losses, crushed under the pressure of a plunging Bitcoin. Despite the bearish price action, the past week was still fundamentally positive…
After facing a sharp drop into the upper-$6,000 region yesterday morning, Bitcoin’s bulls have stepped up and propelled the crypto higher, laying the foundations for the cryptocurrency’s recent lows to be a mid-term bottom for BTC. Analysts now widely expect Bitcoin to see further gains in the short-term, but it is important to note that…
Ouch. Bulls haven’t had the best of weeks, with Coin360 reporting that Bitcoin (BTC) has shed some 14% in the past week, trading at $7,300 as of the time of writing this article. Despite the decisively bearish price action, some believe that this market is bottoming, at least for the time being. Here’s why. Related…