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…
A rough week for Bitcoin is turning into a big hangover at the weekend as the sells keep the pressure on. For the first time in over six months BTC dipped below $7k and further losses are looking likely. Bitcoin Hits 6 Month Low The 2019 crypto rally is becoming a distant memory as the…
Bitcoin (BTC) has found itself caught firmly within a bearish downtrend over the past several weeks, which has led its price to plummet down to $7,000, with today’s drop marking a full retrace of the gains that were incurred in late-October. Analysts are now noting that Bitcoin is currently trading at a key long-term technical…
Bitcoin price is down 6% and tested $7,400 (discussed in the medium term outlook) against the US Dollar. The price is showing no signs of a strong recovery and remains at a risk below $7,800. There is a key contracting triangle forming with resistance near $7,650 on the hourly chart of the BTC/USD pair (data…
The total crypto market cap declined heavily and tested the $200.0B support (yesterday’s target). Bitcoin price is down more than 6% and it is approaching the long awaited $7,400 bearish target. Binance coin (BNB) price is down around 5% and it is now trading well below $17.50. Litecoin (LTC) price is under a lot of…
Bitcoin (BTC) has plummeted into the $7,000 region today as bears continue working to erase all the gains that were incurred during the crypto’s meteoric rally in late-October, which may signal that significantly further downside is imminent for the embattled cryptocurrency. Analysts are now noting that Bitcoin is “on life support” as it trades around…
After a brief period of consolidation, Bitcoin has once again made another downwards movement that has led it below its previous support level at $8,000. This latest bout of downwards momentum has opened the gates for significantly further losses, assuming bulls don’t step up and propel BTC higher. One prominent analyst is now noting that…
Bitcoin price is diving and it recently broke the $8,000 support area against the US Dollar. The price is under a lot of pressure and recently traded to a new monthly low at $7,828. Morning’s bearish flag pattern was breached with support near $8,080 on the hourly chart of the BTC/USD pair (data feed from…
Bitcoin price is consolidating losses above the $8,000 support area against the US Dollar. The price is likely to struggle near the $8,150 and $8,220 resistance levels. There is a key rising channel or a bearish flag pattern forming with support near $8,060 on the hourly chart of the BTC/USD pair (data feed from Kraken).…