Bitcoin price is trading nicely above the $3,500 support area against the US Dollar. There is a major ascending channel formed with resistance at $3,650 on the 4-hours chart of the BTC/USD pair (data feed from Kraken). The pair needs to surpass the $3,650 and $3,720 resistance levels to gain bullish momentum in the near…
As the Bitcoin bear market that first began when BTC reached nearly $20,000 in late-2017 persists into 2019, investors are keen to know when the markets will begin climbing back towards their previously established all-time-highs. Although there have been many positive developments in the cryptocurrency industry over the past year, if history proves to be…
Over the past several days Bitcoin (BTC) has seen an extended period of sideways trading within an extremely tight trading range between approximately $3,550 and $3,650. Although this lack of volatility may be welcomed by investors who are tired of the cryptocurrency’s frequent price movements, historically involatile price action leads to a massive price movement…
JP Morgan has doubled down on their criticism of Bitcoin (BTC) and Crypto in general in a recent report analyzing the nascent markets. Within this report, analysts at the financial institution made multiple claims regarding the markets, notably saying that Bitcoin may only be a good hedge in a “dystopian scenario.” This bearish report does…
Bitcoin price stagnant in a $300 range Charles Hoskinson says crypto will retest 2017 peaks in 11 years Transactional volumes low, average 12k thus consolidation According to Hoskinson, the crypto market is far from mature. In that case, he expects assets like Bitcoin to retest 2017 highs in the next 11 years. Even so, there…
Bitcoin price traded higher and broke the $3,550 resistance level against the US Dollar. There is a connecting bullish trend line formed with support at $3,545 on the hourly chart of the BTC/USD pair (data feed from Kraken). The price is showing positive signs above the $3,545 level, but it must break the $3,585 resistance.…
Bitcoin price failed near key resistances at $3,600 and $3,620 against the US Dollar. This week’s followed key bearish trend line is in place with resistance near $3,570 on the hourly chart of the BTC/USD pair (data feed from Kraken). The price may continue to move down unless buyers gain strength above the $3,600 and…
The total crypto market cap tested the $117.50B resistance and later corrected lower. EOS price is currently correcting lower and it may test the $2.40 support level. Bitcoin cash price tested the $130 resistance and it is currently moving lower towards $126. Tron (TRX) price remains in an uptrend and it could accelerate towards the…
Bitcoin price climbed higher sharply after diving below the $3,480 support level against the US Dollar. Yesterday’s highlighted key bearish trend line is intact with resistance near $3,600 on the hourly chart of the BTC/USD pair (data feed from Kraken). The price is facing a crucial resistance near $3,600, above which it could rally towards…
Bitcoin price remained in a bearish zone below the $3,580 and $3,600 resistance levels against the US Dollar. There is a major bearish trend line in place with resistance near $3,600 on the hourly chart of the BTC/USD pair (data feed from Kraken). The price is currently trading inside an expanding triangle with resistance near…