Key Points Bitcoin price extended losses below the $4,000 and $3,600 supports against the US Dollar. There is a significant bearish trend line formed with resistance at $3,630 on the 4-hours chart of the BTC/USD pair (data feed from Kraken). The pair is currently consolidating losses above $3,200, with resistances near $3,500 and $3,600. Bitcoin…
When optimists thought it couldn’t get any worse, it did. In the past 24 hours, after ranging between $3,800 and $4,200 for a week, Bitcoin (BTC) was suddenly subject to another spell of bear market fever, as the asset fell under $3,700, $3,600, and $3,500 in quick succession. BTC even established a new year-to-date low…
Key Points Bitcoin price declined further and broke the $3,550 and $3,420 support levels against the US Dollar. There is a major bearish trend line formed with resistance at $3,700 on the hourly chart of the BTC/USD pair (data feed from Kraken). The price is likely to decline further and it may even test the…
After being unable to stabilize above the important psychological price level of $4,000, Bitcoin has continued to sell-off and is now approaching its 2018 lows. Bitcoin’s latest leg down has led to a widespread market drop that has seen many altcoins drop 3% or more over a 24-hour trading period. At the time of writing,…
Key Points Bitcoin price failed to break the $4,080 resistance level and declined recently against the US Dollar. Yesterday’s highlighted two key bearish trend lines are active with resistance near $4,000 and $4,090 on the hourly chart of the BTC/USD pair (data feed from Kraken). The price remains in a major downtrend and it could…
Following a weekend of choppy trading action, the cryptocurrency markets have established a fresh leg down, erasing most of their gains incurred through the recent relief rally that sent the markets up 10% or more from their recently established 2018 lows. At the time of writing, Bitcoin is trading down 7% at its current price of…
Key Points Bitcoin price traded lower recently and broke the $4,120 support area against the US Dollar. There is a key bearish trend line in place with resistance at $4,180 on the hourly chart of the BTC/USD pair (data feed from Kraken). The price is currently trading above the $3,880 support, but it is at…
Key Points Bitcoin price recovered recently and traded above the $4,000 and $4,200 levels against the US Dollar. There is a key bearish trend line formed with resistance at $4,320 on the 4-hours chart of the BTC/USD pair (data feed from Kraken). The pair is likely to struggle to break the $4,320, $4,400, $4,500 and…
After a couple days of upwards trading, the cryptocurrency markets have continued to sell-off, led by Bitcoin, but are still sitting above their recently established lows. Today’s drop could be the result of traders taking profits on short-term long positions, according to one research firm. At the time of writing, Bitcoin is trading down 6.5% at…
After a day of relatively large gains, the overall cryptocurrency markets has held steady and have not yet surrendered their recent gains to the bears. Despite its apparent stability at its current price levels, there could be further losses to come according to one analyst. At the time of writing, Bitcoin is trading up 3% at…