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’s price is on a slow growth for a while now, owing to the recent selling shakeout in the entire crypto market. But recently, it appeared that Bitcoin has found its mid-year low around $6600 on November 25. This setup was quite synonymous to late October surge in volatility that saw after the Chinese […]
Ethereum saw a small increase over the past days which made the token to break slightly above $155. Since the break, ETH has been finding it hard to move further. Meanwhile, the cryptocurrency is experiencing a low amount of volume and volatility since the breakout on November 27. If the short-term bullish setup fails to […]
Ripple (XRP) is slowly recovering from a six-month low of $0.20 over the last three days of trading. Currently, the market is correcting gain of about +2.63. Though the long-term bearish bias remains dominant as there’s hope for reversal if the bulls can reclaim the $0.30 resistance. Nonetheless, the weak buying pressure is still […]
Bitcoin records a new weekly high at $7600 following the recent price increase that allowed the buyers to overcome the $7400 resistance-turned-support. BTC is currently correcting a gain of 5.12% after witnessing significant volatility and volume under 24-hours. There’s a more positive move for Bitcoin if the buyers can remain active in the market. However, […]
Bitcoin’s volume has been trading below $150 billion over the past few days due to liquidation which has stalled price movement below $7300 since Monday. Despite that, BTC dominance has continued to hold 66% of the market share for months. With the market cap statistics, there seems to be a sign of optimism from the […]
Following the recent positive move, Bitcoin has seen a quick gain of 1.77% in less than eight hours, making BTC trade at $7300 at the moment. Earlier today, the market was under a lot of bearish pressure but considering the latest buying that led to a channel breakout on the 15-minutes time frame; Bitcoin may […]
Bitcoin has staged support on $7000 for a while now but it may become weak if a bearish play occurs again. While staying on a six-month low of $6600, BTC may reverse if the channel pattern on the daily chart continues to hold price actions. For now, the $7400 resistance is still holding buying pressure […]
The $7300 – $7400 zones have become a tough resistance for Bitcoin to surpass since yesterday. The buying pressure has been almost halted, although there’s still hope for the bulls if BTC remains above $7000. Meanwhile, the six-month bearish bias is still dominant in the market but we may see a short-term bullish play to […]
With a 7.53% gain over the last 24-hours, Bitcoin is now trading well above $7000 to indicate that buyers are stepping back into the market after four weeks of a sloppy downtrend. The price of BTC has evolved around $7200 since yesterday after failing to break above a key resistance zone of $7400. A […]
