After struggling to break above $8,000 for the past several days, Bitcoin was once again able to find some support within the upper-$7,000 region that held strong and allowed BTC to move back up above $8,000. Analysts are now noting that the cryptocurrency may climb higher in the near-term but are also noting that a…
Bitcoin (BTC) has been trading within a tight trading range around $8,000 for the past week and has failed to incur any significant momentum in either direction that illuminates its near-term trend. One prominent Gold bull and an outspoken Bitcoin critical is now noting that multiple technical formations point to the possibility that the cryptocurrency…
After a short period of upwards momentum earlier this week that appeared to be bull’s attempt to bolster Bitcoin’s price action, bears have once again gained the upper hand and have now pushed BTC’s price decisively below $8,000. One prominent technical analyst is now noting that he believes this latest movement downwards points to the…
Bitcoin price corrected higher, but it faced hurdles near $8,120 and $8,140 against the US Dollar. The price is declining again and it could gain momentum below the $8,000 support. There is a major bearish trend line forming with resistance near $8,240 on the hourly chart of the BTC/USD pair (data feed from Kraken). The…
After plummeting below $8,000 overnight, Bitcoin’s bulls were able to propel the crypto slightly higher, showing signs that bulls are not ready to let the cryptocurrency drop lower in the near-term, which could mean that bulls will garner greater strength in the near-term that could help propel BTC higher. Analysts are noting that Bitcoin likely…
Bitcoin price is back in a downtrend with a close below the $8,000 support against the US Dollar. The price is trading below the $8,000 support and remains at a risk of more losses below $7,800. Yesterday’s highlighted major declining channel was breached with support near $8,100 on the hourly chart of the BTC/USD pair…
The total crypto market cap is declining and it could soon test the $200.0B support area. Bitcoin price is down 3% and it broke the main $8,000 support area. Binance coin (BNB) price broke the key $18.00 support and it might revisit $17.20. Litecoin (LTC) price is down around 5% and it is approaching the…
Bitcoin (BTC) and the aggregated crypto markets have incurred some bearish momentum over the past several hours, as sellers have pushed the cryptocurrency’s price below a key support level, which could mean significantly further losses are imminent. It is important to note that BTC did wick as low as $7,900 overnight before bulls stepped up…
Bitcoin price failed to rebound above $8,300 and extended its decline against the US Dollar. The price is trading below the $8,200 level and recently it declined towards the $8,050 level. There is a key declining channel forming with resistance near $8,350 on the hourly chart of the BTC/USD pair (data feed from Kraken). The…
The total crypto market cap struggled to surpass $220.0B and declined recently below $215.0B. Bitcoin price is also under pressure and it recently traded below the $8,200 support area. EOS price is down around 5% and it broke the key $3.000 support area. BCH price retested the key $215 support area and it is currently…