Bitcoin (BTC) and the aggregated crypto market has incurred a notable influx of selling pressure over the past 24-hours that has caused significant technical damage to many of the cryptocurrencies, with multiple prominent analysts claiming that this latest drop has opened the gates for further losses. Although it is not unusual for analysts to flip…
Bitcoin price is down more than 8% and it dived below $7,500 against the US Dollar. The price is currently correcting higher after trading to a new monthly low near $7,300 There are two connecting bearish trend lines forming with resistance near $7,450 and $7,660 on the hourly chart of the BTC/USD pair (data feed…
The total crypto market cap is down more than 10% and it broke the $200.0B support area. Bitcoin price declined heavily and traded below the $7,500 support area. EOS price is down more than 8% and it traded close to the $2.500 support area. BCH price is still holding the main $200 support area, with…
Bitcoin has plummeted below its previous support levels during a swift and sharp sell-off earlier this morning that led the aggregated crypto market to drop to fresh multi-month lows. BTC has continued grinding lower throughout the day and it is unclear as to where it will find any meaningful support that halts its current downtrend.…
Bitcoin price is declining after it failed to climb above the key $8,300 resistance against the US Dollar. The price is under pressure and it is now trading below the $8,000 support area. There was a break below a connecting bullish trend line with support near $8,080 on the hourly chart of the BTC/USD pair…
Bitcoin (BTC) has been caught in the throes of consolidation for the past several weeks and months, and it has failed to garner any momentum in either direction in the time since it plummeted below $10,000. This period of consolidation may soon be coming to an end, however, as one technical indicator is elucidating that…
After incurring an influx of buying pressure yesterday, Bitcoin has been able to sustain its upwards momentum and has not faced any notable retrace in the time since its recent surge, which may point to growing strength amongst BTC’s bulls. One prominent cryptocurrency analyst is now noting that he anticipates BTC to see further upside…
After hovering around the $8,000 region for an extended period of time, Bitcoin has been able to garner some hints of bullishness as its buyers have pushed its price up over 3%. This latest surge further confirms the upper-$7,000 region as a strong level of support for BTC. Analysts are noting that today’s surge pushed…
Bitcoin (BTC) has continued to trade sideways around $8,000 after recovering slightly from its recent drop to the upper-$7,000 region, but its bulls have failed to garner any notable upwards momentum following this slight recovery, which may spell trouble for its near-term price action. Analysts are now noting that Bitcoin’s “bedrock” support in the near-term…
There was a steady decline in bitcoin price below the $8,200 support against the US Dollar. The price is currently trading below $8,000 and it remains at a risk of more losses. There is a major bearish trend line forming with resistance near $8,100 on the 4-hours chart of the BTC/USD pair (data feed from…