BTC is weak, down 6.1 percent Real FOMO is after BTC blast past $10,000 according to Tom Lee After two months of higher lows and higher highs, BTC bulls are exhausted. In the last day, the asset is down 6.1 percent. As bears press lower, it is likely that prices will crumble to $7,500 or…
The Bitcoin rally is running out of steam it seems. A bearish candle closing below $8,200 has been a signal for further losses and, as expected, they came pretty quickly. For the second time over the past seven days markets have fallen back instead of heading higher indicating that a correction is imminent. Bitcoin’s bearish…
Crypto markets dump again as $22 billion is lost; Bitcoin Cash, EOS, ADA, IOTA, Tezos and BTT in a world of pain. For the second time in less than a week crypto markets have taken a massive dump. Led by Bitcoin as it collapsed below $8,000, markets have shed over $22 billion as altcoins get…
Bitcoin price failed to climb above $8,800 and declined sharply below $8,400 against the US Dollar. The price failed to hold the key $8,250 support and it even spiked below the $8,000 support. There is a major bearish trend line forming with resistance near $8,440 on the hourly chart of the BTC/USD pair (data feed…
The crypto markets have incurred some downwards pressure today after Bitcoin (BTC) was once again unable to climb into the upper-$8,000 region without incurring any significant selling pressure. The bitcoin price has shown high volatility in the past week in a tight range (source: coinmarketcap.com) Bitcoin’s inability to gain a foothold within the upper-$8,000 region…
At long last, Bitcoin (BTC) has begun to slip after trending in the mid-$8,000s for days on end. In a move expected by a number of analysts, BTC has dropped to $8,100 on most major crypto exchanges. In the past 24 hours (according to Coin Market Cap), the cryptocurrency is down 5.80%, as a number…
Although the crypto markets have been in a firm uptrend over the past month or so, most major cryptocurrencies have begun incurring some levels of selling pressure over the past several days that appears to have put Bitcoin (BTC) and the aggregated market’s momentum in jeopardy. The bitcoin price has risen consistently in the past…
Throw in the towel bulls — Bitcoin (BTC) has just printed its first mediocre weekly candle in over six weeks. With this, more and more analysts are becoming convinced that the crypto market is preparing for a drawdown and that a local top is forming. And despite the fact that some cheery commentators are convinced…
A 50 percent pump for crypto markets in May with BTC, ETH, BCH, EOS and IOTA gaining more than 50 percent each. For a fourth month this year, crypto markets have surged with May market performance being the best so far. Total market capitalization surged by 50 percent in May, largely driven by Bitcoin which…
Bitcoin price started a decent upward move above the $8,500 level against the US Dollar. The price is trading with a positive tone above $8,600 and the 100 hourly simple moving average. There is a key bullish trend line forming with support at $8,640 on the hourly chart of the BTC/USD pair (data feed from…