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 cash has seen a substantial increase over the last 24-hours Bitcoin the mid-year bearish bias has remained dominant for the 4th largest cryptocurrency by market cap. If we can see a strong upward progression, BCH may reach $219 in no time. But looking smartphone the long bearish formation, the price may slip below $200. […]
Trading cryptocurrency, especially Bitcoin could be highly volatile as market sentiments, price actions and fundamentals would be important things to consider before making a trading decision. More so, doing diligent research on a choice of a coin to trade is very vital for both the beginner and professional traders to achieve high probability result in […]
Yesterday, Bitcoin’s saw a sudden price increase to $7900 (Bitfinex) after trading as low as $7100. The sudden surge in volatility was due to a significant volume in the market which recorded about +10% gains within an hour. After opening at $7200 today, Bitcoin is now trading back around $7300 zones. Currently, BTC dominance has […]
XRP has witnessed about -30% losses over the past weeks of trading. In fact, the bearish scenario could even become uglier if the supply remains heavy. At the moment, Ripple’s XRP trades at $0.212 after seeing an overnight loss of -2.66%. We can expect more bearish pressure if the sellers remain in the market. Ripple […]
Since the monthly short opening, Bitcoin has been relying on the $7200 support but has failed to bounce back due to low pressure in the market. A drive beneath the above-mentioned support may lead to a weakness in price. However, BTC dominance currently increased by 0.1%. We may see a bullish rally if the percentage […]
Ethereum has seen a substantial loss of about -6% over the past five days of trading, making the token to trade at $148 at the moment. Meanwhile, the market is still very much on a six-month downward range. ETH is likely to remain bearish for the rest of the year if the buyers fail to […]
The last 7 days of price actions have made Bitcoin stay above $7000 for the month of November. Starting the new month on a short opening could be a bit send a negative sentiment in the market if Bitcoin fails back roll back to November low. However, there’s hope for a bullish continuation if buying […]
During the week, Bitcoin recorded a monthly low of $6600 after witnessing a series of decline for about four weeks. On November 25, Bitcoin regained strength back above the $7000. This recovery led to a forming an inverse head-and-shoulder pattern which was quite significant in the weekly trading with a lot of bullish sentiment. Meanwhile, […]
Since the daily opening, XRP has been showing a sign of small recovery, amounting to +1.07% gains. The correction may become significant if volumes can troop into the market. Otherwise, XRP price would continue to drag sluggishly. However, it’s not too late to accumulate some amount of XRP as the value might become more enticing […]
