The cryptocurrency market’s recent bout of sideways trading was met with a bullish resolution overnight when bulls were able to propel Bitcoin (BTC) through the heavy resistance it was previously facing at $8,900, with its break above this level allowing most other cryptos to also climb higher.Traders are now widely anticipating the cryptocurrency to see…
Bitcoin is slowly gaining bullish momentum above $8,800 against the US Dollar. BTC price must settle above the $9,000 barrier to start a convincing rally towards $9,500.Bitcoin is showing positive signs above the $8,800 resistance area against the US Dollar.The price remains well supported on dips near the $8,840 and $8,780 levels.There is a major…
Bitcoin is trading in a positive zone against the US Dollar, especially after the fed interest rate cut . BTC price is likely to continue higher above the $8,900 and $9,000 resistance levels in the near term.Bitcoin is likely to gain traction after the recent breakout attempt against the US Dollar.The price is trading nicely…
It has been a rocky past few weeks for the cryptocurrency markets, with Bitcoin plummeting from recent highs of $10,500 to lows of $8,400, leading most major cryptos to similarly see some intense bearishness.There is one crypto that has been able to rally in the face of this market-wide selling pressure, however, with Chainlink setting…
Bitcoin is correcting losses from the $8,400 region against the US Dollar. It seems like BTC price is likely to extend its recovery above the $9,000 in the coming sessions.Bitcoin is up more than 2% and it recovered above the $8,800 resistance against the US Dollar.The price is now testing the last swing high and…
Last week was rough for investors across virtually all major markets, with the Dow Jones and other benchmark stock indices plummeting in tandem with traditionally uncorrelated assets like Bitcoin, gold, and oil – with investors fleeing risk-on assets due to fears regarding the rapid spread of the deadly Coronavirus.The markets have been able to snap…
The turbulent market conditions that Bitcoin has been experiencing over the past several days and weeks has muddied the clarity that many analysts and investors previously had with regards to the strength of the firm 2020 uptrend BTC was previously caught within.Although the cryptocurrency has been able to post a decent bounce from its recent…
Bitcoin is likely forming a short term bottom near $8,400 against the US Dollar. However, BTC price must climb above the 100 hourly SMA and $8,800 to start a fresh increase.Bitcoin is currently consolidating above the $8,400 and $8,500 support levels against the US Dollar.The bulls need to gain control above $8,700 and the 100…
Bitcoin’s intense downtrend seen over the past several days and weeks has left it in a precarious position, with BTC’s bulls struggling to hold the crypto above a key support level that could spark intense losses.One top trader is now noting that a dip below this key level could spark a notable selloff that sparks…
Bitcoin declined more than $1,500 in the past few days against the US Dollar. BTC is now facing a drop to $8,200 or $8,000 before a strong upward move in the coming days.After forming a short term top, bitcoin price dived below $9,000 and $8,800.The price is currently consolidating above $8,500, with a few bearish…