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 cuts $2400 in a day to reach a 3-month low • If Bitcoin finds support on the weekly triangle, we can anticipate a quick recovery in no time. Today, Bitcoin saw another big shock-wave in the market, crashing 33% from $8000 to $5600 a few hours ago. So far, today’s drops […]
• Bitcoin remained trapped in a three-week descending channel on the 4-hours chart • The $8200 level is now a crucial resistance for Bitcoin Yesterday, Bitcoin saw a small bounce to near $8200 but failed after witnessing a quick sell to $7760. Meanwhile, the current $7700 support has continued to suppress selling pressure. Due to […]
• Bitcoin saw 0.33% increases overnight but the downward trend remains valid • The price could retrace back to $8500 if Bitcoin keep respecting the 4-hours channel Following the $1500 drops in three days, Bitcoin appeared to have found temporal support around $7700 for the past 24-hours. Meanwhile, the bears are a bit weak at […]
• Bitcoin resumes short-term correction after failing to advance above $9200. • If Bitcoin continues to drop, the next selling target would be $7500 Since our previous crypto trading signals, Bitcoin has seen a huge price movement to the downside following a small bounce to $9200 last week. This time, BTC lost 18% in three […]
• Bitcoin finally overcomes $9000 after seeing a 2.1% increase overnight • The next swing high may reach $9500 if buyers continue to show commitment This week, Bitcoin has displayed a nice recovery; especially above the critical $9000 resistance that suppressed buying pressure for days. Yesterday, the bulls finally reclaimed this resistance. After that, a […]
• Bitcoin attempting to break $9000 resistance following a 2% increase overnight • The $8500 level remains a key support for Bitcoin Over the past week now, Bitcoin continued to trade under the $9000 price level after recovery from a two-week low of $8450 (Bitfinex). Apart from that, the price has been consolidating between $8700 […]
• Bitcoin is brewing for a fresh increase, but insignificant volatility is keeping rally in suspense. • If buyers fail to push above $9000, Bitcoin would remain in the wood After establishing small support around $8700 yesterday, Bitcoin is now completing an inverse head-and-shoulder pattern on the 4-hours chart and at the same time forming […]
• A new bullish rally would be confirmed once Bitcoin reclaims the $9000 price level • Bitcoin now held support at $8450 after seeing a notable increase over the past hours Over the past few hours, Bitcoin saw a small recovery of about 6% from the three-week low of $8450. After nearing $9000 yesterday, Bitcoin […]
• Bitcoin may start new bullish rally if $8400 can continue to suppress selling pressure • Notwithstanding, the two-week bearish correction is still valid across the major time frames After witnessing a huge downward correction in February, Bitcoin appeared to have found support around $8446 (Bitfinex) for some days now. This shows that selling pressure […]
