Bitcoin is currently trimming gains after struggling to clear the $7,400 barrier against the US Dollar. The price is likely to stay above the $7,000 and $6,950 support levels in the near term. There is likely a bullish flag forming with resistance near $7,170 on the hourly chart of the BTC/USD pair (data feed from…
Bitcoin (BTC) has been caught in the throes of immense volatility over the past several days and weeks, with the cryptocurrency recently dropping to lows of $6,500 before posting a sharp bounce to $7,400. The momentum sparked by BTC’s bounce at $6,500 appears to be faltering, however, which could signal that it will soon drop…
Bitcoin price tested the crucial $6,500 support area and started an upside correction against the US Dollar. The price is up around 10% and it even settled above the $7,000 resistance area. Yesterday’s key bearish trend line was breached with resistance near $7,060 on the hourly chart of the BTC/USD pair (data feed from Kraken).…
The total crypto market cap started an upside correction after tagging $171.8B. Bitcoin price is up close to 10% and it is now trading above the $7,000 resistance. Litecoin (LTC) price is gaining momentum and it could test the $48.50 resistance area. Bitcoin cash price is climbing higher towards the main $220 and $225 resistance…
After incurring a bout of capitulation throughout the latter part of yesterday, Bitcoin (BTC) has been able to post a decently strong rally that has allowed it to recapture its position within the lower-$7,000 region, and its recent lows may ultimately mark a long-term bottom for the crypto. It is important to note that the…
Bitcoin price is declining and approaching the next bearish target of $6,500 against the US Dollar. The price is down close to 10% and it seems like the bears are targeting $6,500 or $6,400. There is a new connecting bearish trend line forming with resistance near $7,010 on the hourly chart of the BTC/USD pair…
The total crypto market cap is down more than $25.0B and it tested the $175.0B support. Bitcoin price is now trading well below the $7,000 level, with a bearish angle. Litecoin (LTC) price is down more than 8% and it even traded below the $45.00 support. BCH price is now trading below the main $200…
There was a sharp decline in bitcoin below the $8,000 and $7,500 supports against the US Dollar. The price is currently correcting losses, but remains at a risk below $7,400. There is another breakdown pattern forming with support near $7,240 on the 4-hours chart of the BTC/USD pair (data feed from Kraken). The price is…
Bitcoin has been facing intense volatility over the past month, which first began when it incurred an explosive rally that sent it from $7,300 to highs of $10,600. In the time since this occurred, BTC’s bears have been firmly in control, erasing nearly all of the gains that were produced in this rally. In the…
After facing a sharp drop into the upper-$6,000 region yesterday morning, Bitcoin’s bulls have stepped up and propelled the crypto higher, laying the foundations for the cryptocurrency’s recent lows to be a mid-term bottom for BTC. Analysts now widely expect Bitcoin to see further gains in the short-term, but it is important to note that…