Bitcoin and the aggregated crypto markets are currently coming off of a period of large volatility that appears to have put the entire market’s recently established upwards momentum in danger of being lost. Since incurring significant selling pressure over the past couple of days, however, Bitcoin (BTC) has been able to stabilize in the upper-$7,000…
Until recently, traditional investors have long viewed gold, silver, and other precious metals as the go to source of stability when the equities markets destabilize, although the advent of digital currencies, like Bitcoin (BTC), have ignited debates as to whether or not precious metals are still relevant tools of stability during times of market turmoil.…
Price action is not linear so any movements in either direction will come in stages. Bitcoin’s two day slide of over a thousand dollars may not be over yet, but at the moment BTC appears to be taking a breather. Bitcoin Scenarios A number of scenarios could be on the cards for Bitcoin’s next move.…
Bitcoin price started a major downward move below the $8,200 and $8,000 supports against the US Dollar. The price even broke the key $7,600 support level and it is currently recovering higher. There are two major bearish trend lines forming with resistance near $7,950 and $8,200 on the hourly chart of the BTC/USD pair (data…
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…
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…
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…
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…