Bitcoin price is struggling to hold a couple of important supports near $7,200 against the US Dollar. The price is likely to continue lower below the $7,200 and $7,000 support levels. There is a major bearish trend line forming with resistance near $7,390 on the hourly chart of the BTC/USD pair (data feed from Kraken).…
Bitcoin’s bulls and bears have been engaged in a heated battle over the past several days and weeks, with BTC’s latest bout of volatility being a sharp downtrend that followed its recent attempt to surge past $8,000. Analysts are now noting that they anticipate Bitcoin to see further gains in the near-term, with this notion…
After a decent recovery, bitcoin price faced resistance near the $7,880 level against the US Dollar. The price is currently correcting gains and it is trading near the $7,300 support area. There is a crucial bearish trend line forming with resistance near $7,678 on the 4-hours chart of the BTC/USD pair (data feed from Kraken).…
After making a strong attempt to break above $8,000 yesterday, Bitcoin (BTC) lost the momentum that it had been gaining over the past couple of days and has begun to descend back down towards the lower-$7,000 region. The cryptocurrency’s inability to break above $8,000 has led analysts to conclude that BTC could be at risk…
It is looking increasingly likely that Bitcoin’s recent dip to lows of $6,500 will mark a long-term bottom for the cryptocurrency, as its bulls have been able to propel its price higher and sustain their momentum, with BTC now targeting a movement to $8,000. Analysts are now noting that Bitcoin is clearly shifting its recent…
Bitcoin price is consolidating gains above the $7,400 and $7,295 support levels against the US Dollar. The price is likely to accelerate higher once it clears the $7,600 and $7,700 resistance levels. There is a key declining channel forming with resistance near $7,610 on the hourly chart of the BTC/USD pair (data feed from Kraken).…
The total crypto market cap is now placed nicely above the $190.0B support area. Bitcoin price is holding the $7,300 and $7,400 support levels. EOS price is currently consolidating above the $2.600 level and it could rise towards the $2.85 level. Binance Coin (BNB) is struggling to gain momentum above the $16.00 and $16.20 resistance…
Bitcoin price is recovering and it recently broke the main $7,375 and $7,400 resistances against the US Dollar. The price is likely to start a strong rise to $8,000 once it clears the $7,700 resistance. There is a short term contracting triangle forming with resistance near $7,540 on the hourly chart of the BTC/USD pair…
The total crypto market cap broke a major resistance area near the $188.0B level. Bitcoin price is up more than 5% and it broke the $7,400 resistance area. Litecoin (LTC) price is slowly rising towards the $48.50 and $49.20 resistance levels. BCH price is rising and it managed to climb above the $220 resistance area.…
Bitcoin’s position within the lower-$7,000 region has been ardently defended by the cryptocurrency’s bulls over the past several hours and days, with the crypto’s overnight drop into the upper-$6,000 region being met with significant buying pressure that allowed BTC to post a sharp bounce to highs of $7,400. It is important to note that this…