Bitcoin traded to a new 2020 high at $9,575 and recently corrected lower against the US Dollar. It seems like a head and shoulder pattern is forming, which could drag BTC towards $8,800.After a steady rise, bitcoin price struggled to gain momentum above $9,500 against the US Dollar.The price is currently declining and it could…
After facing a constant stream of buying pressure that led Bitcoin’s price to climb as high as $9,550, BTC faced a large influx of overnight selling pressure that sent it reeling down to lows of $9,200 before it found some support.The sharp decline from $9,550 does make this 2020 high look like a local top…
Bitcoin spiked above $9,400 and $9,500 against the US Dollar. BTC traded to a new yearly high at $9,569 and it is currently showing signs of a downside correction.Bitcoin price is likely forming a short term top near the $9,570 level against the US Dollar.The bulls seem to be losing control, but there are still…
Bitcoin (BTC) has been caught within the throes of immense bull-favoring volatility over the past several weeks, which has allowed the cryptocurrency to put significant distance between its recent lows of $6,400 and its current price of $9,500.This upwards momentum has led the crypto’s market structure to grow increasingly bullish, which is leading some analysts…
Bitcoin and the aggregated crypto markets are currently entering a bout of sideways trading that comes just days after the massive rally that sent BTC to highs of $9,500 occurred.The market structure that has developed as a result of the consistent gains seen by Bitcoin throughout 2020 highly favors bulls and has led many analysts…
Bitcoin corrected lower, but stayed above the $9,150 support against the US Dollar. BTC bears need to push the price below $9,150 or the price could rally above $9,500.Bitcoin price is holding a crucial support area near the $9,150 level against the US Dollar.The current technical structure above $9,000 suggests the price is preparing for…
Bitcoin extended its rally above the $9,200 resistance against the US Dollar. BTC tagged the $9,400 area and now it could correct lower towards $8,800 or $8,500.Bitcoin price is approaching a couple of key resistances near $9,500 against the US Dollar.There could be a short term downside correction from $9,400 or $9,500 in the coming…
Bitcoin (BTC) and the altcoin markets incurred some notable momentum today, which comes as Bitcoin’s bulls extend the rally that first kicked off yesterday when the crypto made its way up to highs of $9,150.This momentum has not been isolated to Bitcoin, however, as many major cryptos have been able to similarly incur notable momentum…
Bitcoin gained bullish momentum above the key $8,800 resistance. As a result, BTC price surpassed $9,000 and it seems like the bulls are now aiming a test of $9,500.Bitcoin price is rising and it is now trading nicely above $9,000 against the US Dollar.The bulls are in control and there are high chances of a…
Bitcoin found a strong buying interest above $8,200, resulting in a fresh increase above $8,500. BTC price is currently above $8,600 and the bulls seem to be eyeing a break above $8,800 and $9,000.Bitcoin price is currently rising and showing positive signs above $8,500 against the US Dollar.The bulls seem to be in control above…