There was a steady decline in bitcoin below the $8,500 support against the US Dollar. The price is following a bearish path and it is facing many hurdles near $8,200 and $8,500. There is a key declining channel forming with resistance near $8,200 on the 4-hours chart of the BTC/USD pair (data feed from Kraken).…
Bitcoin’s weakness over the past couple of weeks has resulted in a failure to bounce back as it clings to support at $8k. The drop had largely been expected and many analysts are of the opinion that further declines could be on the cards. The BTC dominance chart is also showing telltale signs that could…
Bitcoin has had a rocky past few weeks and months as BTC failed to maintain its foothold within the five-figure price region and has continued to face heightened selling pressure over the past several days and weeks. This bearish price action has significantly hampered the overall sentiment surrounding Bitcoin and the aggregated crypto markets, but…
Over the past few days, Bitcoin (BTC) has finally started to settle in a fixed price range, finding itself trading in the low-$8,000s. For now, the cryptocurrency seems directionless, stuck between resistances and supports above and below. However, it is important to note that Bitcoin is edging very near to a key historical level, one…
Bitcoin’s bulls have lost their strength and allowed bears to push the cryptocurrency under its previous key support level at $8,200, which may signal that significantly further losses are imminent in the near-future as BTC slowly creeps back towards its recently established range lows at $7,800. Analysts are noting that Bitcoin is likely to continue…
Another week, another of Crypto Tidbits. After last week’s collapse, Bitcoin (BTC) took some time to settle, finding itself trading in the low-$8,000s for an extended period of time. Analysts are currently divided over what this consolidation means for the cryptocurrency market’s short-term future, with some even arguing that this is a precursor to another bear…
Yesterday, San Francisco-based crypto exchange, Coinbase, announced that they would be increasing their fees for the lowest volume tier of traders on their Coinbase Pro platform, effectively helping the rich get richer, and the poor stay that way. Not only did the increase only impact the lowest wealth users on the platform upset the cryptocurrency…
Just days ago Bitcoin closed its monthly candle for September, marking three red candles in a row for the first time in 2019. While this in itself may not seem significant. The three red candle closes have formed what could be a powerful Japanese candlestick pattern that signals a major trend reversal and a much…
The dreaded death cross – the name for when a short-term moving average crosses below a long-term moving average. It’s appearance on the charts of Bitcoin and other financial assets – crypto or traditional – can hint at an extended downtrend ahead. To the dismay of crypto investors, the total cryptocurrency market cap is inching…
Bitcoin appears to be looking at a little more downside before it becomes a reasonable buy again, according to a pair of crypto industry commentators. Having recently rebounded from what most traders are considering the ultimate bottom of the 2018 bear market, we could be looking at a further drop then sideways trading for a…