Bitcoin price formed a high near $8,348 and recently corrected lower against the US Dollar. The price is currently trading near the $8,120 level and it could test $8,050 or even $8,000. There is a short term contracting triangle forming with resistance near $8,160 on the hourly chart of the BTC/USD pair (data feed from…
The total crypto market cap is facing a strong resistance near the $218.0B and $220.0B levels. Bitcoin price failed to gain momentum above $8,300 and recently declined below $8,200. Litecoin (LTC) price is still trading well below the main $60.00 resistance area. Bitcoin cash price is currently correcting gains and it could test the $220.00…
After incurring a noteworthy rally yesterday that sent Bitcoin’s price surging towards the mid-$8,000 region after a brief visit to $7,800, BTC’s upwards momentum has once again faltered, with the crypto once again nearing its previously established support level at $8,200. Analysts are now noting that the price level that exists directly above BTC’s current…
The total crypto market cap is currently recovering, but it is facing resistance near $220.0B. Bitcoin price is up around 5%, but it is also facing hurdles near $8,300 and $8,350. EOS price extended its gains above the $3.000 resistance and tested $3.200. BCH price is up around 5% and it is trading near the…
Bitcoin price is currently declining and is trading well below $8,000 against the US Dollar. The price is struggling to recover and it looks set to decline further towards the $7,500 support. There is a crucial declining channel forming with resistance near the $8,050 level on the hourly chart of the BTC/USD pair (data feed…
After experiencing a long period of sideways trading within the lower-$8,000 region, Bitcoin (BTC) has once again extended its downwards momentum and has begun moving lower today as it has broken below $8,000 on most major exchanges. This extension of its downwards momentum has led most analysts to target lower-lows in the near-term, but BTC…
There was a steady decline in bitcoin below the $8,500 support against the US Dollar. The price is following a bearish path and it is facing many hurdles near $8,200 and $8,500. There is a key declining channel forming with resistance near $8,200 on the 4-hours chart of the BTC/USD pair (data feed from Kraken).…
Bitcoin has had a rocky past few weeks and months as BTC failed to maintain its foothold within the five-figure price region and has continued to face heightened selling pressure over the past several days and weeks. This bearish price action has significantly hampered the overall sentiment surrounding Bitcoin and the aggregated crypto markets, but…
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…