After stalling in the low-$9,000s for a series of days, Bitcoin has finally shown some strength. Over the past six hours, the cryptocurrency has shot higher from $9,400 to a local high of $9,650 on margin exchanges.BTC’s rally comes shortly after a ~$12 million block of sell orders on Binance was “pulled.” This reduced the…
Bitcoin is trading nicely above the $9,300 and $9,220 support levels against the US Dollar. BTC is likely to continue higher towards $9,500 and $9,800 as long as it is above $9,220.Bitcoin is forming a strong support base above the $9,220 support zone.The price is currently trading above the $9,300 level and the 100 hourly…
Bitcoin could be coiling up to make a massive bear-favoring movement in the days and weeks ahead.This weakness could mark a resolution to the multi-week trading range that it has been caught within, potentially causing investors to see intense losses in the weeks ahead as some analysts set downside targets within the $7,000 region.There are…
For the umpteenth day in a row, Bitcoin has stalled in the low-$9,000s. Bulls and bears have found themselves at an impasse, with neither side forming a trend as there is also indecision in the equity market.Bears may soon take the high ground as a trader has noted that Bitcoin is approaching a multi-million-dollar sell…
Bitcoin’s consolidation over the past few weeks hasn’t been seen as bullish by everyone. Case in point: institutional traders on the CME are currently net short on BTC futures.Yet, a trader says that those shorting have “terrible odds” of making money.Related Reading: Ethereum Could Soon “Rally Hard” as DeFi Hits Escape Velocity: Fund ManagerBitcoin Is Historically…
Bitcoin’s consolidation phase is showing few signs of letting up anytime soon. The benchmark crypto is still trading within the lower-$9,000 region, and the support just below its current price level appears to be significant.As for where the market could trend next, analysts are closely watching to see how it reacts to a few key…
Bitcoin has found itself stuck in the $9,000s for weeks on end. Save for a few flashes of volatility, the cryptocurrency has traded within 10% of $9,000 for nearly two months now.Historical odds say that BTC has an extremely high chance of breaking out of this consolidation, but market data shows that institutions are betting…
The past few days have seen Bitcoin trade in the low-$9,000s seemingly with a downside skew. The cryptocurrency has tested $9,000 time and time again, as bears prepare to push the asset under that crucial support to confirm a bear trend.Yet an analyst that made an extremely accurate prediction has suggested that Bitcoin may soon…
It’s clear that Bitcoin is building towards a breakout. The cryptocurrency has converged towards supports in low-$9,000s, with volatility reaching multi-week and multi-month lows.Unfortunately for bulls, a textbook chart pattern is predicting that Bitcoin will break lower from this range, likely to fall towards the $8,000s.Related Reading: BTC Hash Rate Recovers to Pre-Halving Levels, But a…
Bitcoin traded as low as $9,165 and recently started a fresh increase against the US Dollar. BTC is currently rising, but it might struggle to clear the main $9,500 resistance zone.Bitcoin is showing recovery signs and trading above the $9,300 resistance zone.The price is likely to continue higher towards the $9,450 and $9,500 resistance levels.There…