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 poised for short-term sell but $9200 is suppressing bearish scenario • BTC continues to show weakness after losing $400 over the last 24-hours Since our previous crypto trading analysis, Bitcoin has remained in a very tight range of $9200-$9600 over the past five days. Meanwhile, BTC price had lost $400 from its […]
• The latest weakness in the price could foot a short-term bearish setup for Bitcoin. • Bitcoin turns weak after smashing 7-month high around $9600. Over the past five days now, Bitcoin’s volatility has been subdued with choppy price actions and at the same time keeps the world largest cryptocurrency in a consolidation mode. […]
• Bitcoin drops to $9300 after seeing a -3% discount overnight. • The bullish sentiment may suspend for a while if Bitcoin breaks $9200 support. Following a -3% losses overnight, Bitcoin has now dropped to around $9300 after testing $9555 as weekly high. This price cut pulled Bitcoin beneath the trend line on the […]
• A bearish correction could play out if BTC volume keeps moving against its price. • Bitcoin paused after gaining $1200 in three days, although bullish setup remains valid. Reaching $9400 yesterday, Bitcoin’s price has seen a lot of gains over the past weeks after rising by a total of 40% since December 2019. The […]
• Bitcoin’s price now stuck at $9400 but could resume uptrend once buyers regroup • If Bitcoin resumes buying, the price might hit $10000 in the coming days. After surpassing the $9150, Bitcoin’s price further increased but now the price stuck around $9400. The price could correct healthily at $10000 if BTC keeps rising. Otherwise, […]
• Bitcoin got rejected after reclaiming monthly high. • The $8000 break now provides support for Bitcoin. Few minutes after our previous crypto trading signal, Bitcoin’s moved higher after breaking the $8800 to $9150 resistance. This resistance slight got rejected and dropped Bitcoin to around $9000 at the moment. It may continue to fall […]
• Bitcoin bounced back with 8% gains over the past 24-hours • After surging at $8800, Bitcoin is waiting for the next direction Bitcoin has shown significant volatility over the past two days now. This time, it went upside in favour of the bulls following a sharp bounce from $8300. After crossing $8500 yesterday, BTC […]
• After three days of consolidation, Bitcoin finally dropped under $8500 support. • Bitcoin now targets $8100 but need to breach the current holding support. Leaving 8500 support yesterday, Bitcoin has now created new support around $8300 that was mentioned in our previous crypto trading signals. Today, Bitcoin has retested this support but was slightly […]
• Bitcoin reached key support but awaiting the next wave. • The price could bounce back if the $8500 level holds. Since our previous crypto trading signals, Bitcoin’s price has moved to the downside, touching the $8500 support at the time of writing. This support has jolted price since the last sharp correction. If Bitcoin […]
