Bitcoin faced a grim overnight rejection within the lower-$7,000 region that led it to decline all the way to its low-time-frame support at $6,800, with bulls ardently attempting to defend against the crypto dropping beneath this level.Today’s downside movement marks an extension of the bearish momentum that was first incurred during the crypto’s firm rejection…
Bitcoin price was just rejected from above $7,000, after recently bouncing from extreme lows under $4,000.With the first-ever cryptocurrency failing to reclaim highs from even just a couple weeks prior, the asset is at risk of another catastrophic collapse to as low as $1,800, according to one cryptocurrency analyst.After a Record-Breaking Collapse, Is the Cryptocurrency…
In the wake of “Black Thursday,” it seemed clear to some that Bitcoin was dead: hundreds of millions of dollars worth of BitMEX positions were liquidated, the crypto’s market liquidity dried up (accentuated by the 50% drop in a day), and Crypto Twitter briefly became a ghost town.But, as I recently cataloged in a Twitter…
After days of consolidation after rallying 100% from the March bottom, Bitcoin tanked under $7,000 just minutes ago, reaching a local low of $6,920 as of the time of this article’s writing. With this downward move, the cryptocurrency is down 6% from Thursday’s peak and down nearly 8% from the highs at $7,470.Bitcoin’s drop comes…
Bitcoin is still struggling to clear the $7,400 and $7,500 resistances against the US Dollar. BTC price must stay above $7,080 to rally above $7,500. If not, it could decline heavily below $7,000.Bitcoin is trading in a contracting range below the $7,400 resistance against the US Dollar.A crucial breakdown support is forming near the $7,080…
Bitcoin has seen some notable fundamental growth throughout the past week – according to on-chain data – which appears to have come about in tandem with the benchmark cryptocurrency’s climb into the $7,000 region.Large players within the nascent crypto market – commonly referred to as whales – have also been fueling this fundamental growth, appearing…
Crypto investors have been in this position time and time again. Bitcoin and the rest of the market has been rising, building up bullish momentum, and then what? Thus far, nearly every major rally has been nothing more than a bear market rally.Is this time different? Or will the crypto market suffer another massive crash…
Bitcoin just completed a repeating pattern signaling the third, and potentially final miner capitulation event, that in during past cycles proceeded the start of a major bull run, leading to a new all-time high.Past Bitcoin Market Cycles Suggest Miners Capitulate Three Times Before Bull RunAll financial markets are cyclical, and Bitcoin and cryptocurrencies are no…
It’s no secret the past few weeks have been tough for Bitcoin investors. The past month saw a number of horrors: over a billion dollars worth of BitMEX positions were liquidated during the flash crash on March 12th, the cryptocurrency slid 50%, and much more.But, prominent analysts are starting to come to the conclusion that…
Bitcoin is showing a few bearish signs below the $7,400 resistance area against the US Dollar. BTC price is currently declining and it could extend its weakness towards $7,100 or $6,800.Bitcoin is struggling to clear the $7,400 and $7,500 resistance levels against the US Dollar.The bears are slowly taking control and they are likely aiming…