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Last Updated: April 21st, 2020
T• Bitcoin falls below $7000 following a 5% drops over the past hours • The trend is still looking bullish but the bears may take over if the price drops below $6600 Bitcoin lost 5% of its value to $6775 under 24-hours, making the largest cryptocurrency to witness a mild bearish on the intra-day trading. […]
• Bitcoin is facing tough resistance around $7200 – $7300 price area • The price continues to hold above $7000 support as bullish continuation remains shaky Last week, Bitcoin corrected to $6500 but managed to bounce back above $7000 level. Starting the week above this level could be an interesting bullish sign for Bitcoin. But […]
• After breaking above $7000, Bitcoin remained indecisive due to low buying volume • Bitcoin is looking bullish but a drop below $6900 could introduced sellers back in the market Yesterday, Bitcoin finally decided on where next it’s heading following a quick pump from $6500 (which now holds as weekly support) to $7200, which suppressed […]
• Bitcoin continued to maintain lower lows and lower highs in an hourly descending channel • Bitcoin recovered back following a 5% drop to $6500 mark, but bearish correction remains valid After Bitcoin got rejected around $6980 resistance yesterday, the price continued to show weakness following a 5% drop to reach $6500 earlier today. Now, […]
• Bitcoin is facing heavy supply at $6900 – $7000 area, although it may start a fresh increase if the price can successfully breakthrough • Bitcoin bulls are trying to hold momentum but selling pressure remains dominant. Since the massive selloff over the weekend, Bitcoin’s volatility has been quite moderate after recovering from $6600 […]
• After a wedge breakdown, Bitcoin is still suspending major correction on the 4-hours chart • Bitcoin is already forming a lower low and lower high pattern in an hourly channel. Bitcoin continued to struggle under $7000 since price plunged from $7450 last week. After dropping to $6600 yesterday, Bitcoin slightly bounced back with 3% […]
• On the hourly chart, Bitcoin is consolidating around $6700 following a sharp recovery from $6600 level • After dropping off a month’s wedge, Bitcoin confirms reversal with a head-and-shoulders pattern on the 4-hours chart. Starting the week with a 3% loss, Bitcoin’s price is now floating around $6700 against the US Dollar following a […]
• The price is approaching $6700 support, but Bitcoin could bounce back if the level holds • To reactive bullish actions, Bitcoin would need to retake $7450 resistance level Bitcoin finally made the big move as mentioned in our previous crypto trading signal. This time, it was a heavy drop beneath the $7000 level. After […]
• Bitcoin is primed for a fresh rally but the price remains trapped with an hourly symmetrical triangle • If the bullish flag pattern fails, Bitcoin may roll back to $7100 After a quick bounce from $7072, Bitcoin keeps finding it difficult to push the price above the current weekly high of $7450. Despite that, […]
• Bitcoin is looking for a rebound level after establishing new resistance around $7450 • Bitcoin may reverse gains if the price drops below $7000, but holds strong support at $6700 After reclaiming $7000 on Monday, Bitcoin has seen a further 5% gain to reach $7450 level. Bitcoin is currently trading around $7300 against the […]
