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 volatility has continued to expand downward after losing the $9000 support (now resistance) again. Since the weekly opening, the price has been struggling below this support a bearish action continues. Yesterday, Bitcoin made a new weekly low at around the $8600 but has managed to recover back to $8760 – where BTC is currently […]
The general assertion that Bitcoin and Gold are correlating pair cannot be disputed. Over time, these instruments have proven their true trends to be synonymous. In late October, Bitcoin and Gold broke out of their mid-term descending channel with a massive surge of about +50% after Xi Ping, the Chinese President release on Blockchain and […]
The last two hours trading has set a little panic for Bitcoin’s traders after rising sharply to $8900 and at the same time fell to $8600 zones – where BTC is currently oscillating. The bulls are now trapped as it may be difficult for them to get out this mess unless Bitcoin revisits the $8900 […]
Following the quick recovery at $8600, Bitcoin has been consolidation around the $8750 since yesterday, suggesting a potential retracement for a healthier move. Currently, BTC is recording a loss of -0.66% overnight. However, we can expect a correction to $9125 shortly before Bitcoin resumes bearish swing. Bitcoin (BTC) Price Analysis: 4H Chart – Bearish Key […]
From $9200, Bitcoin has established new support at $8600 about six hours following a -2.43% price loss at the moment. The $800 price cut has driven Bitcoin all the way to the channel’s support on the hourly chart. Meanwhile, on the daily chart, BTC is currently holding support on the channel’s resistance. All in all, […]
Bitcoin is back on a selling mode after surging all the way from $8800 to $9250 (Bitfinex) yesterday. Now, the price has rolled back to the $8800, where BTC held as support since November 8. The latest bearish actions have brought the market down by -0.62% overnight as the market cap drops below $160 billion. […]
After locating support around $8800 for over two days, Bitcoin now saw a sudden price increase to $9250 on Bitfinex – amounting to a +5% gains under 15 minutes of trading. The surge is making BTC trade at around $9025 at the moment. Due to the latest positive move, Bitcoin’s market cap is now valued […]
Since our previous crypto trading signals, we have seen Bitcoin finally broken beneath $9000 to $7700. Bitcoin has seen a little price recovery back to the $8800 area at the moment as more sell may be underways. For this reason, BTC is currently correcting a loss of -4.98%. The selling pressure could become heavier if […]
Due to recent shrink in volatility, the $9200 has become a trading level for Bitcoin for over two days now. In spite of that, the $9100 – $9000 is currently providing support for the market. On the upside, Bitcoin is holding major support at $9500. We can expect these price zones to provide levels for […]
