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.
As the year 2019 runs to an end, Bitcoin’s price continues to trade above the $7100 support for some days now following a sharp rejection at $7700 on December 23. The short-term bullish sentiment would remain valid as long as Bitcoin stays above technical support of $7000. Today, BTC dominance is up by 68.9% but […]
In our previous crypto trading signals, we mentioned possible moves for Bitcoin’s price action. Leaving the weekly bullish rally, Bitcoin’s bear gained control of the market over the last 24-hours hours and as such, the price has dropped below the rising wedge that was spotted on the hourly chart. This suggests that short-term bullish may […]
After breaking last week’s high of $7440, Bitcoin is now preparing for another bullish rally which is likely to reach $8200 in a couple of days. But currently, it appeared that the $7700 resistance is suppressing bullish pressure. Nevertheless, we can expect a more positive move as soon as BTC climbs above this mentioned […]
The weekly bearish volatility has continued to become notable for some days now but it may suspend soon. A weekly short opening at $44 now makes Litecoin record a daily low of $36. With -4.47% losses, Litecoin is currently the sixth-largest cryptocurrency by market cap. We can expect more positive move if the bullish pattern […]
Following our last crypto trading signals, Bitcoin has breached the channel pattern on the hourly chart. The price is now heading for the channel’s support on the 4-hour chart. Currently, BTC roams at $6668 after losing -2.42% overnight. Additionally, the entire crypto market is trading under $180 billion market cap as BTC dominance increases to […]
Out of the top 10 crypto projects, Binance Coin is currently the biggest loser in the market with a market cap of $1.9 billion at the moment. The latest surge has made the 8th most-traded cryptocurrency to correct loss of -10.70% over the last 24-hours. More, importantly, BNB broke the descending triangle forming on the […]
The much-anticipated move for Bitcoin finally came yesterday, following a colossal drop below $7000 – where Bitcoin held as support for days. Now, the market is slowly leaving the $7000 zone, although we may see a retest before the next bearish surge. Currently, BTC is down by -2.58%, more drop is expected to play out. […]
Boosting followership on social media has become a regular act on the internet over the past years, especially with some public figures that are eventually involved in such activities. To some who engages in this public scenario, the motives behind their actions are mostly traced to hyping and an attempt to build trust amongst its […]
For many years now, Bitcoin’s price is known majorly for driving the entire cryptocurrency market due to its larger share of the market volume. Currently, the entire cryptocurrency market cap is estimated at $191.4 billion with BTC dominance of $66.9%. With such a volume percentage, Bitcoin has high potency to cause a lot of pressure […]
