Bitcoin’s intense downtrend appears to be far from being over, as the benchmark cryptocurrency’s bulls were unable to support BTC above a critical support level that was ardently defended throughout yesterday.It now appears that the break below this level has put the crypto in precarious territory, potentially opening the gates for significantly further near-term downside.This…
Bitcoin is currently recovering from the $8,512 weekly low against the US Dollar. However, BTC price is still facing many key hurdles near $9,000 and it could resume its decline.Bitcoin is showing signs of a short term upside correction from $8,512 against the US Dollar.The bears are still in control unless there is a clear…
Following the incredibly bearish selloff witnessed by Bitcoin and the aggregated crypto market yesterday, buyers have stepped up and supported the markets, allowing BTC and most other altcoins to put some distance between their recent lows.The market’s ability to establish some strong support above its recent lows seems to suggest that the ongoing selloff may…
Bitcoin (BTC) has found some stability in the time followings its capitulatory selloff seen over the past few days, with bulls stepping up and ardently defending against a drop below $8,800 – which appears to have become a near-term support level for the cryptocurrency.Analysts are now noting that the ongoing pullback has led BTC’s price…
Bitcoin started a major downside correction from the $10,521 yearly high against the US Dollar. BTC price declined below $9,000, but it is still in a larger uptrend above $8,000.Bitcoin started a major correction from well above the $10,000 level against the US Dollar.The price is down more than 15% from the high and it…
Bitcoin failed to stay above the $9,500 support and declined more than 5% against the US Dollar. BTC price is now trading in a negative territory and it could slide below $9,000.Bitcoin started a major decline below the $9,500 and $9,350 support levels against the US Dollar.The price is approaching the $9,000 support and remains…
Bitcoin’s recent price action has done tremendous damage to the bullish market structure that the cryptocurrency was able to form throughout the past couple of months, with many analysts now noting that the crypto could be poised for significantly further downside.One top analyst is now noting that one technical indicator that spells trouble for where…
Bitcoin struggled to stay above $9,750 and declined towards the $9,500 support against the US Dollar. BTC price could decline heavily if it settles below the key $9,500 support.Bitcoin price struggled to continue higher and declined below $9,750 against the US Dollar.A strong support is forming on the downside near the $9,500 area.There is a…
Bitcoin climbed higher nicely above $9,800, but it failed near $10,000 against the US Dollar. BTC price is currently declining, but it is likely to find support near $9,640 and $9,500.Bitcoin price failed again to gain strength above the $10,000 resistance area against the US Dollar.It is down more than $250, but there are still…
Bitcoin found a strong support near $9,330 and started a fresh increase against the US Dollar. However, BTC must settle above the 100 SMA (4-hours) for a sustained upward move.After trading to a new weekly low at $9,336, bitcoin price started a fresh increase above $9,500.The price is now trading nicely above the $9,600 and…