Michael Fasogbon

Michael Fasogbon is a professional Forex trader and cryptocurrency technical analyst with over five years of trading experience. Years back, he became passionate about blockchain technology and cryptocurrency through his sister and has since been following the market wave.

Bitcoin Price Analysis: Bitcoin Struggles Under Crucial Resistance After Reclaiming $7000, Break or Rejection?

• 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 […]

1 y

Bitcoin Price Analysis: Bitcoin Slips To $6500 After Losing 5% In 24-Hours

• 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, […]

1 y

Bitcoin Price Analysis: Bitcoin Facing Solid Resistance At $7000, Will It Break Or Make?

  • 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 […]

1 y

Bitcoin Price Analysis: Bitcoin Recovers 3% Overnight But Bearish Correction Continues

• 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% […]

1 y