Bitcoin price is declining and it recently traded to a new monthly low at $7,661 against the US Dollar. The price is trading in a downtrend and it is likely to test the $7,500 or $7,200 level in the near term. There is a key bearish trend line forming with resistance near $8,050 on the…
There was a nasty decline in bitcoin below the $9,000 support against the US Dollar. The price even declined below the $8,000 support and it is currently consolidating losses. There is a declining channel forming with resistance near $8,350 on the 4-hours chart of the BTC/USD pair (data feed from Kraken). The price remains at…
Bitcoin has been able to establish some stability after experiencing massive volatility earlier this week, and it is beginning to look as though the $8,000 region could potentially be a support level that allows BTC to continue climbing higher in the near-term. Importantly, analysts are noting that BTC’s recent stability, in combination with yesterday’s CME…
After a long period of consolidation around the $10,000 level, Bitcoin’s bulls ran out of fuel and surrendered to bears, which has subsequently led BTC’s price to plummet lower as it begins cutting deeply into the gains it incurred throughout the first half of 2019. Now, analysts are noting that there is a decent chance…
Bitcoin price extended its decline and broke the key $8,000 support area against the US Dollar. The price is likely to test the main weekly bearish target of $7,500 in the coming sessions. There was a bearish break below a contracting triangle with support near $8,350 on the hourly chart of the BTC/USD pair (data…
The total crypto market cap dived more than $50.0B and tested the $200.0B support. Bitcoin price is down more than 10% and it is currently consolidating below the $8,500. Binance coin (BNB) price tumbled below the $18.50 and $16.50 support levels. Litecoin (LTC) price is now trading well below the key $60.00 support area. BCH…
Bitcoin price is down more than 12% and it recently broke the $8,500 support against the US Dollar. The price is currently correcting higher, but the $8,750 and $8,800 levels are preventing recovery. There is a crucial bearish trend line forming with resistance near $9,500 on the hourly chart of the BTC/USD pair (data feed…
Whenever Bitcoin prices fall off the cliff industry observers scramble to find a reason beyond the technical indicators. Something fundamental must have caused the crash and one industry executive has fingered the FED’s recent market meddling. FED Repo and Bitcoin Related? Last week the US Federal Reserve pumped more than the entire crypto currency market…
Bitcoin’s price action has proven to be quite bearish as of late after it failed to hold above its key support level around $10,000. The drop below this level has led BTC to a key support level in the $9,000 region, and a failure to hold above this support level could lead to a massive…
Trading appears to be off to a positive start on Bakkt following its launch late yesterday. The same cannot be said for Bitcoin which at the moment is experiencing a lull in volume and volatility. Bakkt Bitcoin Volume to Increase Over Time Launching a major institutional investment product for a relatively new asset is not…