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 rejects at $8400 after a short-term bullish rally. • $7600 support may provide a rebound for Bitcoin if $7800 fails • Bitcoin loses +5.36% following last 24-hours selling The $8400 resistance has rejected short-term buyer but it appeared the bullish trend is still valid on the 4-hours chart as Bitcoin relies on […]
• Bitcoin may completely reverse to $13000 if the six-month channel breaks. • A drop below $8000 would allow correction to $7800. • Bitcoin reached $8400 with a weekly gain of 15%. Bitcoin has now met a short-term resistance of $8400 after witnessing five days positive move. This resistance would determine whether the bullish will […]
• Bitcoin keeps flaunting bullish pattern but a downward correction may come soon. • Short-term bullish remains valid but Bitcoin may correct slightly down before rally continues. Bitcoin continues to follow a bullish sentiment after breaking out of a critical resistance of $7800 yesterday. BTC has recorded a 24-hour high of $7860 on Bitfinex. If […]
• After breaking out of a descending channel, Bitcoin forms a new bullish pattern in a short-term channel. • If Bitcoin drops, a possible correction may roll the price to $7400 before bouncing back. • Short-term bullish pattern may send BTC price to $8000 in the coming days. Following last week recovery from $6900 low, […]
• Bitcoin surges $500 to climb back to reach $7400 but $7100 is likely for a retracement. • The channel breakout on the hourly chart signals short-term bullish setup. • A mid-week reversal is at play after locating supports at $6900. Following the past three days of price drops, Bitcoin recently saw a sudden price […]
• Bitcoin is trapped in a bearish trend with newly formed head-and-shoulder pattern on the 4-hours. • If the price breaks below $7100 support, Bitcoin would be doomed for a serious fall • A climb above $7300 could possibly ignite bulls’ hope again! Bitcoin’s price is facing a lot of bearish pressure over the past […]
Well, we will get to know that at the close of the day. Since Bitcoin fell from $7700 on December 23, the price has been facing a lot of huge supply and demand, trapping the most-traded coin to between $7100 – $7500 zones for a couple of days now. If Bitcoin manages to cross these […]
Last week, Bitcoin’s price regains momentum to $7500 on Bitfinex after locating support at $7100, holding over the past week. Though the bullish move is looking realistic; Bitcoin needs to break more key resistance zones before we can confirm a potential reversal above $8000. For now, $7900 is an important resistance to set BTC on […]
Yesterday, Bitcoin’s price spiked up the $7300 resistance to $7465 on the day, but the market could not continue buying pressure. The surge was later followed by a dump to around $7200 – where BTC is trading up till now. However, a drop below $7000 may result in a massive sell-off as Bitcoin could roll […]
