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 regains momentum back to $8800 resistance. • The leading cryptocurrency continues to rely on the $8500 support After trading around $8600 for a few days, yesterday, Bitcoin’s price increased by 3% to reach $8800 level. This level is currently suppressing the bullish pressure. If a break occurs, we should see a further gain. […]
• Despite indecisiveness, Bitcoin could foot more bearish correction. • Bitcoin now held resistance at $8800 over the last 48-hours trading. Since Bitcoin fell from $9150 over the weekend, the price has continued to hover around $8600. Due to the sideways swing on the 30-minutes chart, BTC has stylishly moved out of the wedge […]
• Latest correction suspends long-term bullish sentiment. • Bitcoin remains indecisive after correcting loss at $8500. • The channel break turns BTC bearish on the hourly chart. Yesterday, Bitcoin’s price saw a sudden correction from $9150 to $8450 after seeing four weeks of growth. Though, the price has bounced a bit to $8650 – where […]
• Bitcoin hits $9000 after a long-term breakout. • BTC remains bullish but sellers lurk around. • A break below $8500 may set the market on correction mode. Again, Bitcoin’s price has increased by roughly 5% to hit $9000 after breaking from the strong bearish zone of $8400 this week. This surge has made BTC […]
• Bitcoin’s price cut to $8600 after rejection at $8800. • The bullish pattern remains valid but could end if Bitcoin breaks down the wedge on the 4-hours chart. After breaking $8400 two days ago, Bitcoin has been facing serious rejection around the $8800 resistance. Due to this, the BTC price dropped to $8600 support […]
• Bitcoin remains bullish but the rally is stalled at $8800 resistance. • A heavy drop could occur if BTC breaks the wedge on the 4H chart. • Decreasing volume on the 30-M chart indicates short selling for Bitcoin. After our previous crypto trading signals, Bitcoin’s price shifted a bit upward to $8800 before closing […]
• Bitcoin is breaking out of a long bearish zone – the six-month channel boundary. • $7600-$8000 support provides a rebound for Bitcoin. • A retracement move is likely if the price drops below $8500 After finding support at $7600 last week, Bitcoin has further mounted key support at $8000 -which now fuels the current […]
• Bitcoin is in the middle of a consolidation circle. • Sellers may gain control if $8000 breakdown. On January 8, Bitcoin’s price hits $8400 after recording a six-day price increase. The market saw a small drop to $7800 before bouncing back to where BTC is now priced at $8000. However, the entire market cap […]
• A break above the daily channel pattern would confirm a bullish trend. • Bitcoin holds key support at $7400. • Short-term sellers regain control of the market after $8000 break. Bitcoin has continued to remain trapped in a bearish zone, following the January 8 rejection at the descending channel that is forming on the […]
