After a period of facing some downwards pressure, Bitcoin bulls have been able to step up and lead the crypto higher, pushing it back into the mid-$6,000 region.This recent price action seems to indicate that both bulls and bears have reached an impasse, as neither have been able to garner any decisive momentum in the…
Bitcoin is up more than 4% and it broke the key $6,500 resistance area against the US Dollar. BTC price is forming a solid bullish trend and it could soon rally towards $7,000 or $7,200.Bitcoin started a fresh increase after testing the $6,200 support area against the US Dollar.The price is up close to 5%…
Since NewsBTC’s last market update, Bitcoin has continued to rip higher, recently hitting $6,750. With this, the cryptocurrency is up nearly 9% from the daily lows around $6,200, and up over 16% from the weekend lows at $5,800.Although not on the same magnitude, many have likened Bitcoin’s recent price action to the 25% surge seen…
Following Bitcoin’s bout of consolidation within the mid-$6,000 region, the benchmark cryptocurrency has seen a slight decline that has led it down towards the support that has been established around $6,000.This decline today has come about against a backdrop of bearishness in the equities market, with virtually all of the benchmark indices seeing some notable…
Bitcoin price had one of its most volatile months yet, resulting in a massive, $6,000 long “Darth Maul” candle on the three-month price chart.But what does this rare and explosive candlestick pattern typically indicate, and what could this mean for Bitcoin price in the future?First Quarter 2020 in Crypto Closes Out More Volatile Three Months…
Bitcoin corrected lower from the $6,600 resistance area against the US Dollar. BTC price is currently holding the key $6,250 support and it could start a fresh increase in the near term.Bitcoin started a short term downside correction from the $6,636 high against the US Dollar.The price is currently holding the key $6,250 support and…
Since the monthly close that transpired at the turn of the month (UTC), Bitcoin has tanked, falling 4% from the $6,500 price where it spent most of the past few hours to a low just above $6,250.The move lower began just eight minutes after the monthly candle closed, potentially suggesting that market players were intending…
Bitcoin’s recent volatility did some severe technical damage to its market structure, and also led to mass capitulation amongst BTC miners, with the crypto’s decline from $10,500 to lows of $3,800 making it no longer profitable for many smaller mining operations.Miner’s ongoing capitulation is illustrated while looking towards Bitcoin’s hash rate, which has seen a…
In just over 120 minutes as of the time of this article’s publishing, Bitcoin’s one-month and three-month candles will close. A number of analysts have remarked that the upcoming close will be crucial for the crypto market’s directionality moving forward.Related Reading: This Key Metric Suggests the Crypto Market’s Downturn Will Be ShortlivedLevels to Watch ForAccording…
After Bitcoin price fell from $10,000 to under $4,000 in one short month, the ultra bearish, panic-induced price action has finally settled into a neutral state.However, if bulls can break above this key level and hold it as support, the price action will flip bullish and likely go on to target $7,800.Neutral Price Action Ready…