2020 has so far been a great year for Bitcoin (BTC), with the cryptocurrency climbing significantly from its year-to-date lows of $6,800 that were set just prior to the massive upswing incurred by the aggregated crypto market.Bitcoin’s bullish price action throughout the early weeks of 2020 seem to confirm one prominent – and eerily accurate…
Bitcoin is trading back in an uptrend above the $7,800 and $7,700 support levels against the US Dollar. BTC could start another strong uptrend if it settles above $8,200.After a downside correction, bitcoin price found support near $7,700 against the US Dollar.The price is currently rising, but it is facing hurdles near $8,200 on the…
Bitcoin has been hovering within the lower-$8,000 region for the past day, struggling to gain any significant momentum as the resistance between its current price and $8,400 continues to absorb the majority of BTC’s buying pressure.Analysts are noting that Bitcoin may have to drop to a critical support level before it can muster up enough…
Bitcoin’s bulls have fought back against intense selling pressure that the cryptocurrency has faced over the past 12 hours, which previously led some analysts to believe that BTC was poised for a major drop back into the lower-$7,000 region.If BTC had broken below its key support around $7,700, it is probable that it would have…
2020 has so far been a great year for Bitcoin (BTC), as a combination of bullish technical and fundamental factors have helped lead its price as high as $8,400 over the past ten days.This bullishness did show some signs of slowing down yesterday, but bulls have since been able to fend off the bears and…
Bitcoin price followed a bearish path after it failed to surpass the $8,500 resistance against the US Dollar. BTC is now approaching a crucial support near $7,750 and $7,600.Bitcoin is trading near a significant buy zone at $7,600-$7,750 against the US Dollar.The bulls are likely to gain control if they are able to protect $7,600.There…
After posting what appeared to be a grim break below $8,000 yesterday, Bitcoin’s bulls have thus far been able to step up and defend a key monthly support level that is the only thing stopping BTC from posting significantly further losses.The cryptocurrency’s ability to hold above this level is bullish, and further confirms the possibility…
Bitcoin price started a downside correction after rallying to a new 2020 high near $8,460 against the US Dollar. BTC corrected $500, but the price is still above many key supports.Bitcoin failed to continue above $8,500 and started a downside correction against the US Dollar.There was a significant correction below the $8,200 and $8,080 support…
Bitcoin’s meteoric uptrend over the past several days and weeks has allowed BTC to smash through multiple resistance levels that were previously hampering its price action, and yesterday’s break above $8,000 led to a sense of euphoria amongst the cryptocurrency’s bulls.Analysts are now noting that Bitcoin could currently be caught within the early stages of…
Bitcoin (BTC) has been posting strong and consistent gains over the past several days, with its recent dip to lows of $6,800 being closely followed by a massive price surge that has allowed it to gain a position within the lower-$8,000 region.There has been an abundance of different narratives regarding what could be behind this…