Bitcoin’s bulls have lost their strength and allowed bears to push the cryptocurrency under its previous key support level at $8,200, which may signal that significantly further losses are imminent in the near-future as BTC slowly creeps back towards its recently established range lows at $7,800. Analysts are noting that Bitcoin is likely to continue…
Bitcoin has prolonged its bout of sideways around its key near-term support level at $8,200 and has continued showing some signs of underlying bearishness as BTC’s bulls fail to push it higher in the near-term. Importantly, analysts are noting that Bitcoin is currently building significant support just below its current price level, which could mean…
Bitcoin price is currently declining after it failed to surpass the $8,400 resistance against the US Dollar. The price is trading near the $8,000 support level, with a minor bearish angle. There is a key declining channel forming with resistance near the $8,260 level on the hourly chart of the BTC/USD pair (data feed from…
The total crypto market cap is struggling to break the key $220.0B resistance area. Bitcoin price is now trading well below the $8,400 and $8,500 resistance levels. Binance coin (BNB) price is slowly declining and it could test the $15.20 support area. Litecoin (LTC) price is somehow holding the key $55.00 support area. BCH price…
Bitcoin has further extended its bout of consolidation as it continues trading sideways around the $8,200 level, which appears to be a key support level that BTC’s bulls need to defend in order for the crypto to move higher in the near-term. Analysts are noting that Bitcoin is currently forming what could be a long-term…
Bitcoin price is holding the $8,200 support area with positive moves against the US Dollar. The price is likely to revisit the $8,500 resistance area and it might even surpass the stated level. There is a new connecting bullish trend line forming with support near $8,300 on the hourly chart of the BTC/USD pair (data…
Bitcoin (BTC) has surrendered the majority of the upwards momentum that it incurred earlier this week and is now sitting at a key support level that bulls must hold if they want to propel the crypto any further in the near-term. It is important to note that the muted response to this support level may…
Bitcoin price struggled to climb above $8,500 and declined recently against the US Dollar. The price is currently trading below $8,300 and it could continue to decline towards $8,100. There was a break below an ascending channel with support near $8,275 on the hourly chart of the BTC/USD pair (data feed from Kraken). The price…
The total crypto market cap is facing a strong resistance near the $220.0B level. Bitcoin price is also trading below a crucial resistance area near the $8,500 level. EOS price failed to hold the $3.000 support and declined below $2.950. Binance Coin (BNB) is declining and it might test the $15.00 support area. BCH price…
Bitcoin price started a strong recovery above the $8,000 and $8,200 resistance against the US Dollar. The price is up more than 5%, but it is facing a strong resistance near the $8,500 level. Yesterday’s highlighted major bearish trend line was breached with resistance near $8,080 on the hourly chart of the BTC/USD pair (data…