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 is looking for a rebound level after establishing new resistance around $7450 • Bitcoin may reverse gains if the price drops below $7000, but holds strong support at $6700 After reclaiming $7000 on Monday, Bitcoin has seen a further 5% gain to reach $7450 level. Bitcoin is currently trading around $7300 against the […]
• Bitcoin broke out from a 4-hour triangle but the bullish sentiment is still shaky under $7285 • If the price closes above $7000 today, Bitcoin could hit $8000 on a short-term rally. After April 2 fakeout, Bitcoin traded sideways for three days and reclaims the $7000 spot today, following a nice 6% growth over […]
• The bullish trend remains valid but Bitcoin needs to close well above $7000 to start a fresh rally • Bitcoin is forming a bullish setup in an hourly channel • Bitcoin is holding weekly support at $5880 After making a false breakout yesterday, Bitcoin’s price dropped and continued to hold strongly around a […]
• Bitcoin signals fresh rally after breaking out from an ascending triangle on the 4-hours chart • The next price target for Bitcoin is $8000 if the $7000 level can act as support • Bitcoin hits $7200 following a 14% increase in a day. Following yesterday’s rejection at $6635, Bitcoin saw about 5% drops but […]
• The price dropped below $6300 level after losing 3.49% today • Bitcoin resumes selling pressure after facing strong rejection at $6600 resistance • The next price target for Bitcoin is located at $6000. After opening short for the new month, Bitcoin lost 3.49% today to reach a current daily low of $6170 mark. As […]
• Bitcoin is still facing crucial resistance around $6900 resistance • While BTC holds temporal support at $5880, a rebound at $6300 could provide a fresh increase for Bitcoin Bitcoin is showing a sign of bullish for some days now but the $6900 resistance has continued to pose a serious threat to the bulls. Though […]
• While Bitcoin remains bearish on the weekly chart, the bulls are struggling to regain control • The only condition for a bullish continuation is if Bitcoin can increase well above $7000 After struggling to stay above $6900, Bitcoin turned weak and saw a 10% drops during the weekend. This price drops led to a […]
• Bitcoin continues to hold gains around $6700 after two weeks of recovery • A break above $6900 could fuel more bullish rally to $7500 in the coming days Bitcoin’s volatility is still shrinking at around $6700 for the past few days now, showing no sign of interest amongst traders. While the $6900 level […]
• The double-top spotted on the 4-hours chart could send Bitcoin back to $5000 if buyers fail to push higher. • Short-term bullish sentiment would remain valid as long as Bitcoin respect the forming channel pattern There’s no much volatility since our previous crypto trading signals as Bitcoin continue to consolidate over the past 48-hours. […]
