Bitcoin has recaptured the support it had previously established at $6,800, with its rebound from daily lows around $6,600 being a bullish sign that seems to unveil some underlying strength amongst the benchmark cryptocurrency’s bulls.One analyst is now noting that the large clusters of volume that have occurred in tandem with Bitcoin’s previous capitulatory declines…
Bitcoin’s latest rejection within the lower-$7,000 region led the cryptocurrency to break below its key support at $6,800, a level that bulls are currently in the process of reclaiming.This ongoing rebound comes as bulls attempt to regain a key technical level that was lost in the recent selloff, with a sustained movement above this level…
As Bitcoin attempts to gain a foothold above $7,000, analysts are noting that data shows large players within the market are currently foraying back into Bitcoin, which could be a sign that further volatility is imminent in the days and weeks ahead.Traders do seem to believe that this next movement will favor bears, as the…
Bitcoin is down more than 5% from the $7,470 swing high against the US Dollar. BTC is now trading near a crucial support at $6,700 and the 100 SMA (H4).Bitcoin started a fresh decline from the $7,470 monthly high and traded below $7,000.There is a crucial support forming above $6,700 and the 100 simple moving…
Bitcoin faced a grim overnight rejection within the lower-$7,000 region that led it to decline all the way to its low-time-frame support at $6,800, with bulls ardently attempting to defend against the crypto dropping beneath this level.Today’s downside movement marks an extension of the bearish momentum that was first incurred during the crypto’s firm rejection…
Bitcoin is still struggling to clear the $7,400 and $7,500 resistances against the US Dollar. BTC price must stay above $7,080 to rally above $7,500. If not, it could decline heavily below $7,000.Bitcoin is trading in a contracting range below the $7,400 resistance against the US Dollar.A crucial breakdown support is forming near the $7,080…
Bitcoin has seen some notable fundamental growth throughout the past week – according to on-chain data – which appears to have come about in tandem with the benchmark cryptocurrency’s climb into the $7,000 region.Large players within the nascent crypto market – commonly referred to as whales – have also been fueling this fundamental growth, appearing…
It has been another boring day for Bitcoin, with the benchmark cryptocurrency further extending its bout of sideways trading as its bulls and bears reach an impasse within the lower-$7,000 region.This lackluster price action comes close on the heels of Bitcoin’s recent surge up to highs of $7,500, with the resistance it met here proving…
Bitcoin is showing a few bearish signs below the $7,400 resistance area against the US Dollar. BTC price is currently declining and it could extend its weakness towards $7,100 or $6,800.Bitcoin is struggling to clear the $7,400 and $7,500 resistance levels against the US Dollar.The bears are slowly taking control and they are likely aiming…
Bitcoin and the entire crypto market appears to have entered another bout of sideways trading within the lower-$7,000 region, with bulls struggling to surmount the resistance that has been formed around $7,300.The price action seen throughout the past couple of weeks, however, seems to suggest that this consolidation may be short-lived, as it is on…