Bitcoin extended losses below the $22,650 support against the US Dollar. BTC is attempting another recovery and might face hurdles near $23,100. Bitcoin remained in a bearish zone and extended losses below the $23,500 level. The price is now trading below the $23,000 level and the 100 hourly simple moving average. There was a break…
Bitcoin is facing a key resistance near the $23,500 zone against the US Dollar. BTC must clear $23,500 to avoid a fresh bearish reaction in the near term. Bitcoin is struggling to rise and trading below the $23,500 level. The price is now trading below the $23,200 level and the 100 hourly simple moving average.…
Bitcoin has been slowing down on its bullish momentum after crossing the barrier at $22,000 and $23,000. The cryptocurrency still holds some of its gains from last week but might be poised for a re-test of lower levels. At the time of writing, BTC’s price trades at $22,900 with a 2% loss in the last…
Bitcoin has entered into a new month, but its price has not been doing as well as expected. The end of July had indeed come with good tidings as the bitcoin price had broken above $24,000. However, maintaining this point has been a harder task. As the market welcomes the new month of August, bitcoin…
Bitcoin failed to clear the $25,000 resistance zone against the US Dollar. BTC is declining and might break the $23,250 support zone. Bitcoin attempted a clear move towards the $25,000 resistance but failed. The price is now trading below the $24,000 level and the 100 hourly simple moving average. There was a break below a…
Bitcoin continues to trend to the upside over the short term as the crypto market hints at further gains. The bullish momentum seems to be driven by the positive earnings seasons and the U.S. Federal Reserve (Fed) interest rates hike. The financial institution announced a 75 basis points (bps) increase in interest staying within market…
Bitcoin started a fresh increase above the $23,000 resistance zone against the US Dollar. BTC might continue to rise towards the $25,000 resistance zone. Bitcoin started a fresh increase and climbed above the $23,000 resistance. The price is now trading above the $23,000 level and the 100 hourly simple moving average. There is a short-term…
Bitcoin has recovered above $23,000 multiple times now, but the digital asset remains in a perilous position. This is because the recovery alone has not been able to assure that the bull trend would endure. Rather, it has been falling the brief buying and selling pressures that have been plaguing investors in recent times. The…
The crypto market is trading in the green with Bitcoin and Ethereum pushing beyond critical resistance levels. The first and second cryptocurrencies by market capitalization record a 10% and 15% profit in the last day and seem poised for more profits during today’s trading session. Related Reading | Bitcoin Makes Surprise Climb As Fed Discloses 0.75…
Bitcoin has been on a steady increase over the last two weeks. It has not been on the uptrend for all of this time, but the majority of the time, the digital asset has maintained this upward trajectory. This has seen it touch above $24,000 at one point after bouncing off its strong consolidation point.…