Bitcoin started a downside correction from the 2020 high at $9,191 against the US Dollar. However, BTC price is still in an uptrend and it could find buyers near $8,000 or $7,670.Bitcoin price started a short term downside correction below $9,000 and $8,800.It is currently trading above $8,200 and there are many important supports on…
Bitcoin (BTC) has been caught within a bout of turbulent price action over the past several days and weeks, which is elucidated while looking at the wide trading range between $8,300 and $9,200 that it has been trading within for the past week.Although the sharp rejection at $9,200 last week did do some damage to…
Although the past few weeks have proven to be highly bullish for Bitcoin (BTC) and the aggregated crypto markets, it is important to note that the local highs set by most major digital assets are looking increasingly like mid-term tops, and bears are slowly regaining control over the markets.It does appear that most major cryptocurrencies…
Bitcoin has been stuck within a consolidation phase for the past several days, which was first seen when the crypto was ranging around $8,600. This was followed by a range expansion when BTC dipped to lows of $8,200 overnight before bouncing back to the mid-$8,000 region earlier today.This bout of sideways trading may not last…
Bitcoin (BTC) experienced a sharp selloff yesterday evening that led its price to dip as low as $8,200 before it found a significant amount of buying pressure that sparked a sharp movement up to highs of $8,500.BTC now appears to be trading just beneath a critical resistance level that is halting it from climber higher,…
Bitcoin and the aggregated crypto markets have had a great 2020 so far, which has piqued investors’ interest in the markets and has led to an increased sense of hope amongst active participants.This may be emblematic by the possibility that billions of dollars’ worth of unannounced capital is close to being injected into the crypto…
Bitcoin price failed to stay above the key $8,500 support area and extended its decline against the US Dollar. BTC price is likely to continue lower towards $8,000 or $7,880.Bitcoin started a strong corrective decrease from the $9,200 resistance area.The price broke the key $8,500 and $8,470 support levels to move further into a bearish…
Since Bitcoin’s genesis block was first mined, the cryptocurrency has been caught within a whirlwind that has allowed BTC to post gains that defy historical precedent.Although the past couple of years have tempered the excitement surrounding the cryptocurrency, it is important to note that multiple bullish factors are fast approaching on the horizon, and the…
Bitcoin’s recent bout of sideways trading around the $8,600 region has resulted in a massive bear-favoring movement, with BTC now plummeting down towards the lower-$8,000 region.This movement has completely altered the sentiment amongst investors, with many analysts now claiming that the crypto will see significantly further losses as $9,200 begins to look increasingly like a…
Bitcoin bulls are facing an uphill task near $8,700 and $8,800 against the US Dollar. BTC price could either rally above $8,800 or decline heavily below $8,470 in the coming sessions.Bitcoin is showing a few bearish signs after it was rejected near $8,800.The price is currently sliding and it is approaching the key $8,560 and…