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. […]
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 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 […]
