Following the immense volatility that Bitcoin (BTC) experienced earlier this week, the cryptocurrency has once again found itself caught within a period of consolidation as it trades sideways within the upper-$7,300 region.This sideways trading, however, may soon draw to a close, as one highly respected analyst is now noting that Bitcoin is bound to break…
Bitcoin price is still trading above the $7,200 and $7,240 support levels against the US Dollar.The price is struggling to climb above the $7,440 and $7,500 resistance levels.There is a major breakout pattern forming with resistance near $7,440 on the hourly chart of the BTC/USD pair (data feed from Kraken).The pair could either rally above…
The total crypto market cap is forming a major breakout pattern with resistance near $195.0B.Bitcoin price is slowly rising and it seems like it could climb above the $7,400 resistance.Binance coin (BNB) price is holding the $15.00 support and it is correcting higher.Litecoin (LTC) price is attempting a break above the $45.50 resistance area.BCH price…
Bitcoin price is back to where it started and trading below the $7,380 resistance against the US Dollar.The price is currently under pressure, but it is likely to hold the $7,100 support area.There is a short term contracting triangle forming with resistance near $7,220 on the hourly chart of the BTC/USD pair (data feed from…
The total crypto market cap jumped from $188.0B, but it failed to stay above $200.0B.Bitcoin price rally above the $7,500 level was completely reversed.BCH price is somehow holding the key $205 and $200 support levels.EOS price is facing a strong resistance near the $2.700 area.Stellar (XLM) price could continue to move down towards the main…
Bitcoin (BTC) has been firmly caught within the throes of immense volatility over the past several days and weeks, with its recent bout of sideways trading ultimately resulting in a massive movement that caused a maximum pain scenario for traders.This volatility has come concurrently with “extreme fear” amongst investors, which may be a counter-trading signal…
The total crypto market cap is under pressure below the main $200.0B resistance.Bitcoin price is struggling to stay above the $7,000 support area.Litecoin (LTC) price is down more than 3% and it traded below the $44.50 support.BCH price is down 4% and it is approaching the main $200 support area.EOS price is declining and it…
The chances of an end of year ‘Santa rally’ for Bitcoin are slipping away. Its half year down trend has been maintained and does not look like reversing before the year is out. All hopes are now being pinned on the BTC halving in May next year, but will it really be the lifeline everyone…
2019 has been a rough year for the crypto markets, with Bitcoin’s price action and the overall industry development gravely disappointing investors. BTC is poised to end the year up significantly from where it ended last year, but it does remain in a precarious position.It is also important to note that one analyst is claiming…
Bitcoin price is facing a strong resistance near the $7,400 and $7,460 levels against the US Dollar. The price is approaching the key $7,200 and $7,160 support levels. There is a short term declining channel forming with resistance near $7,380 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could…