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.
Yesterday, Bitcoin saw another major price shift to $8100 on the downside. The bearish reactions brought BTC price to the bottom of the descending channel on the hourly chart, although there’s still a small room for a sell-off to $8000. Bitcoin is currently down by 4% as further sell might become uglier if $8000 price […]
Yesterday, Bitcoin traded around the $8600 resistance before closing at $8578 on the day. Today, BTC short opening has made the price to drop as low as $8420 on Bitfinex, amounting to a current loss of 1.60% on the market cap. The entire crypto market is now holding an approximately $232 billion with BTC dominance […]
Bitcoin has extended its bearishness to a new week, although the market has been stable since the price fell to $8400 during last week trading. Currently, Bitcoin is leaning on the $8400 support. If this support can hold well, we should expect a positive move in the coming days. As of now, BTC is consolidating […]
Trading volatility has been shrinking for a while now as a result of recent capitulation in the crypto market, which appeared to have made the value of Bitcoin to depreciate by the day. Recording a daily low of $8400, Bitcoin is struggling around the $8500 at the moment. Meanwhile, the market scenario is causing a […]
Just as we predicted earlier today, Bitcoin has sharply dropped to the $8400 support zone, hitting take profits provided in our crypto trading signals. If the price can close well below the $8500, Bitcoin may close on a weekly low of $8000. As of now, Bitcoin is trading at $8496 under a lot of bearish […]
The bears have continued to stay in the market as Bitcoin’s extend support to the $8500 zone overnight. Due to the price drop, the market has currently recorded a loss of about -1.2.6%. This time, if the $8500 support fails to suppress selling pressure, Bitcoin would further look for lower support. Bitcoin (BTC) Price Analysis: […]
Bitcoin has been under a lot of bearish pressure over the last few days, making the price to now trade near the $8600 support zones. It may become devastating if BTC price drops below the current support as $8000 could play out in no time. But if the buyers can regroup well, Bitcoin may reclaim […]
Bitcoin has been in a range-bound for about two days now and it appeared the bearish sentiment could continue shortly. This time, BTC trading may witness an ugly scenario if the supply remains heavy at $8880. However, if the price eventually falls, Bitcoin would possibly find a new bottom at $8500. Above all, the market […]
Following the latest price actions, Bitcoin has been trading below the $8800 resistance over the last 24-hours and has similarly held support at $8600. Due to the selling pressure, Bitcoin’s market cap is valued at $158.6 billion with a trading volume of about $18.7 billion. We can expect a heavy price fall if the bears […]
