Bitcoin failed to surpass the $7,200 resistance and declined below $7,000 against the US Dollar. BTC price is showing a few bearish signs, but the bulls are likely to protect $6,555.Bitcoin is declining and trading below the $7,000 support zone against the US Dollar.It is testing a major support near the $6,750-$6,800 region.There was a…
Bitcoin has been caught within a steady uptrend throughout the past month, with the benchmark cryptocurrency’s overtly bullish reaction to its capitulatory drop to lows of $3,800 looking increasingly like a long-term bottom.The bullishness of Bitcoin’s “V-shaped recovery” from these lows has significantly boosted investor sentiment, leading many market participants to forecast imminent upside in…
Bitcoin briefly dipped below $7,000 as the US oil prices collapsed to their two-decade low.The cryptocurrency’s price declined alongside US equities and Gold markets, again exhibiting a risk-on behavior.The US dollar, on the other hand, jumped on safe-haven demand.Bitcoin briefly fell below its $7,000-support in what appears to be a panic-sell caused by the upsetting…
Bitcoin price just broke below $7,000 Monday morning after a late Friday evening rally pushed the asset over the key level for the weekend.However, coronavirus concerns have returned to traditional markets, causing major turbulence to kick off the day, which may have also caused Bitcoin to tumble. Could a repeat of last month’s mayhem and…
Somehow, someway, Bitcoin has managed to rally over the past five weeks, amid the most uncertain economic conditions we’ve seen in years, even more so than since 2008’s Great Recession.The rally has been so strong that since the March 12th “Black Thursday” crash, the cryptocurrency has managed to print five — yes, five — green…
Bitcoin gained traction and settled above the $7,000 resistance against the US Dollar. BTC price is consolidating gains above the 100 hourly SMA and likely to grind higher towards $7,500.Bitcoin is rising steadily and it is positioned nicely above $7,000 against the US Dollar.There is a strong support base forming near the $7,050 and $7,000…
Despite Bitcoin continuing to consolidate above $7,000 as other crypto assets have shown signs of strength, analysts have still been stewing over the prospects that cryptocurrency didn’t bottom last month during “Black Thursday.”Primarily, those that fall into this bucket of belief cite the stock market, remarking that there are signs that the S&P 500 and…
Last month, as the world began to grapple with the economic reality of the coronavirus outbreak, Bitcoin fell off a cliff — tumbling from $7,700 to $3,700 within the span of two days, a drop of over 50%.Since then, a question that has plagued investors is if Bitcoin bottomed during that crash. While there is…
Bitcoin is slowly gaining momentum and it broke the $7,000 resistance against the US Dollar. BTC is showing positive signs and it is likely to surge towards $7,500 and $8,200.Bitcoin is up more than 5% from the $6,500 swing low formed this past week.The bulls are gaining momentum above $7,500 and the 100 simple moving…
Bitcoin saw a notable overnight rally that allowed it to move as high as $7,300, with this coming about after an extended period of trading sideways within the lower-$7,000 region for the latter part of this past week.It now appears that bulls are targeting a movement towards $8,000, as resistance could be weakening as bulls…