Despite seeing a swift rebound, Bitcoin bears were able to push the cryptocurrency below its crucial $9,000 support just minutes ago.This breakdown has come about following a recent rejection posted by the crypto at $9,300, which appears to have become a resistance level.The latest decline below $9,000 indicates that the buying pressure that has been…
Bitcoin is slowly moving higher and it recently tested $9,300 against the US Dollar. BTC is now trading well above the 100 hourly SMA, and it is likely to surge above $9,300.Bitcoin is showing a few positive signs above the $9,200 and $9,150 levels.The price revisited the $9,300 resistance and it is now trading well…
After holding the low-$9,000s for days on end, Bitcoin has attempted to break out over recent hours. The cryptocurrency trades at $9,250 as of the time of this article’s writing, having established a local peak at $9,300.Technical analysis, unfortunately, confirms that BTC may soon see a rejection.Bitcoin Could See a Strong Rejection at $9,500: Here’s…
If the current price action is a top formation, then it doesn’t match the sharp spikes Bitcoin and blow-off tops the cryptocurrency is known for. Only one other time has a comparable rounded top formation appeared on BTCUSD price charts over the last ten years. And when it happened, a major correction followed.Should the first-ever…
Bitcoin is maintaining its interim support level near $9,100, but an analyst expects the price to break bearish towards $8,500.The trader forecasted the downside move days after Bitcoin established a second-quarter top near $10,500 on June 1.The cryptocurrency has since accurately moved as predicted, further raising the possibility of a breakdown ahead.Bitcoin may undergo an…
Bitcoin is consolidating above the $9,100 level against the US Dollar. BTC could start a strong increase towards $9,500 as long as it is above the 100 hourly SMA.Bitcoin is currently trading in a contracting range below the $9,300 resistance.The price is holding the $9,000 support and trading above the 100 hourly simple moving average.There…
Bitcoin has been stuck in the $9,000s for the past two months, trading between $8,500 and $10,000 for weeks on end.While the cryptocurrency has maintained the $8,500 support level on multiple occasions, a key indicator shows that the bullish momentum is weakening.Related Reading: Crypto Tidbits: BTC At $9k, Grayscale Ethereum Trust, Cryptocurrency & PayPalBitcoin Has…
It’s no secret that the crypto industry is rife with scams, hacks, and other nefarious activities, with the decentralized and private nature of many digital assets being conducive to these types of undertakings.The latest group to fall victim to one of these scams is a school within the University of California system, who paid an…
Bitcoin price has traded sideways for the entire month of June. The lack of conviction by both bears and bulls has resulted in a doji currently on the monthly timeframe on BTCUSD charts.If the cryptocurrency closes tonight around current levels, the doji will be confirmed. However, past data suggests that this isn’t a bad thing…
Markets are still reeling from the impact of the pandemic and the resulting Black Thursday selloff. However, one fund manager says the powerful shakeout demonstrated the strong will of Bitcoin investors.If that violent selloff driven by panic and fear didn’t cause holders to sell, what might it take?Remembering The Most Violent Shakeout In Crypto HistoryAt…