Bitcoin appears to be currently trading at a pivotal price region, as its reaction to the resistance it is facing at $9,000 could set the tone for where BTC trends in the weeks and months to come.Analysts are now noting that they widely expect Bitcoin’s reaction to this level to ultimately result in a bullish…
Towards the end of 2019 that lackluster price action experienced by Bitcoin had led many investors and analysts alike to grow increasingly bearish on the cryptocurrency, and discussions about BTC surging to fresh all-time highs were far and few between.This has changed in the meanwhile, however, as the uptrend the cryptocurrency has been caught within…
The short-term bull market that Bitcoin has been caught within over the past couple of weeks has completely altered the sentiment amongst cryptocurrency investors for the better and has led to a strong sense of vitality amongst BTC bulls.The impacts of this 2020 uptrend have stretched beyond just shifting investor sentiment, as it also appears…
Bitcoin has been holding steady around the $8,700 region after facing an influx of selling pressure that forced it to lose its previously held position within the $8,800 region. Data suggests that this selling pressure was quite massive, despite BTC only seeing slight losses.Bull’s ability to absorb the majority of this selling pressure may be…
Bitcoin has begun showing some signs of topping out as the crypto inches lower from its previous consolidation region around $8,800. BTC’s move towards $8,600 has led some analysts to believe that its recent highs of $8,900 will mark a mid-term top.One valuable indicator that often offers significant insight into future trends is now suggesting…
Bitcoin struggled to break the $8,900 resistance on two occasions against the US Dollar. BTC price is showing a few bearish signs and it seems like it could decline towards $8,300 or $8,200.Bitcoin price is likely forming a double top pattern near the $8,900 resistance against the US Dollar.The price is down 3% and it…
It is beginning to look increasingly as though Bitcoin’s (BTC) recent rally from its early-January lows of $6,800 to its recent highs of $8,900 is much more than a fleeting relief pump.BTC bulls have been able to hold the crypto within the upper-$8,000 region for the past day, signaling that buyers currently have enough strength…
Bitcoin rallied more than 5% and broke key hurdles near $8,250 and $8,500 against the US Dollar. BTC price might continue to rise towards $8,780 and $8,800 in the near term.Bitcoin price is gaining bullish momentum above the $8,400 resistance against the US Dollar.There was a crucial upside break above the range resistance near $8,200.Yesterday’s…
Following Bitcoin’s recent immense volatility, the cryptocurrency has found itself caught within an extended bout of sideways trading that has led BTC to hover around $8,100 for the past couple of days.In the near-term, the cryptocurrency’s bulls and bears do appear to remain at an impasse, which has muddied the clarity that some analysts previously…
Bitcoin price is confined in a range below the key $8,200 resistance against the US Dollar, suggesting a short term accumulation phase. BTC could either rally above $8,200 or it might dip to $7,700 before a decent bounce.Bitcoin is moving in a range between $8,200 and $8,000 against the US Dollar.The bulls are likely aiming…