Following the recent influx of selling pressure that sent Bitcoin’s price spiraling below its previously established support level at $3,800, the cryptocurrency’s bulls were able to garner an influx of buying pressure that sent BTC back above $3,800 and towards $3,900. It now appears that Bitcoin is facing relative levels of resistance at $3,900, and…
Bitcoin price extended losses and traded below the $3,720 and $3,700 supports against the US Dollar. The price traded as low as $3,671 and it is currently consolidating above the $3,700 level. There is a crucial bearish trend line formed with resistance at $3,775 on the hourly chart of the BTC/USD pair (data feed from…
Bitcoin’s price once again dipped after it was unable to hold $3,800 as a level of support. This drop led many cryptocurrencies to plunge nearly 5% and has further confirmed that BTC does not have enough buying pressure to allow it to decisively push above $4,000. Now, Bitcoin has established a fresh support level at…
Following an extended period of sideways trading, the cryptocurrency markets dropped today as Bitcoin failed to hold above its recently established support level at $3,800. BTC’s drop below this level has led many cryptocurrencies to plunge 5% or more, signaling that greater volatility is likely to come as the week continues on. Despite the current…
Bitcoin price failed on many occasions to break the key $3,860 resistance level against the US Dollar. The price started a downward move and broke the $3,800 and $3,760 support levels. There was a break below a declining channel with resistance at $3,800 on the hourly chart of the BTC/USD pair (data feed from Kraken).…
The total crypto market cap is following a declining structure below the $128.0B resistance level. EOS price broke the key $3.55 and $3.50 support levels to move into a bearish zone. Bitcoin cash price traded below the $130 support and it could now test the $125 level. Tron (TRX) price extended losses below $0.0240 and…
Following last week’s increased levels of volatility, Bitcoin (BTC) is now nearing the end of a relatively involatile weekend, and it has further established that it is currently caught in a tight trading range between $3,800 and $3,900. Although the persisting bear market has led the sentiment of crypto investors to near rock bottom, one…
Bitcoin price corrected lower sharply after trading towards the $4,200 resistance against the US Dollar. The price declined below the $3,860 support area and tested the $3,620 support zone. There is a short term ascending channel or bear flag formed with resistance at $3,900 on the 4-hours chart of the BTC/USD pair (data feed from…
Following many months of consistent downturn, Bitcoin has finally been able to form its first green candle on its monthly chart. Despite this, BTC is continuing to trade sideways today, and has continued to struggle to break above $3,900 after experiencing increased levels of volatility last weekend. One analyst is quick to point out that…
Bitcoin prices in range mode Controversial AB 1489 bill introduces stringent rules for VCs Transactional volumes low but the trend has been positive The question is whether AB 1489, a new Californian bill, will pass as the state follows the New York route. If so, it is likely that prices will dump in response. However,…