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Bitcoin (BTC) Ranges as Dominance Falls

Key Resistance Zones: $10,000, $11,000, $12,000 Key Support Zones: $7, 000, $6, 000, $5,000 BTC/USD Long-term Trend: Bullish Bitcoin is still trading in the bullish trend zone. We have entered the fourth day as Bitcoin continues to struggle below the $8,800 resistance level. On a daily bases, the bulls will test the resistance level and …

1 day

Bitcoin Price Analysis – Bitcoin Makes Wedge Pattern To $9000 But Correction is Underways

• 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 …

1 day

Bitcoin (BTC) Consolidates, Attempts to Resume Uptrend

Key Resistance Zones: $10,000, $11,000, $12,000 Key Support Zones: $7, 000, $6, 000, $5,000 BTC/USD Long-term Trend: Bullish For the past three days, the bulls have been compelled to a stand still below the $9,000 resistance. Bitcoin is in a sideways move below the resistance for a few days since the upward move has been …

2 days

Bitcoin Price Analysis – Price Rejects To $8600, Can Bitcoin Make or Break This Support?

• 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 …

2 days

SEC Records Yet Another Bitcoin ETF Petition Withdrawal

A document published on the 14th of January by the United States Securities and Exchange Commission has confirmed rumors being circulated that Bitwise Asset Management has withdrawn its previous petition for a Bitcoin exchange-traded fund. This will be the second notable ETF withdrawal in the past few months after a coinciding action by VanEck. Bitwise …

3 days

Bitcoin (BTC) Fights On, Retake Lost Ground

Key Resistance Zones: $10,000, $11,000, $12,000 Key Support Zones: $7, 000, $6, 000, $5,000 BTC/USD Long-term Trend: Bullish In the last 24 hours, Bitcoin has been struggling to penetrate the resistance at $8,800. In the previous days, the bulls overwhelmed the bears as more resistances were broken. The coin is now in a sideways move …

3 days

Bitcoin Price Analysis – Buying Pressure Holds After Bitcoin Hits $8800, What’s Next?

• 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 …

3 days

Bitcoin (BTC) Breaches another Resistance, a New Uptrend Likely

Key Resistance Zones: $10,000, $11,000, $12,000 Key Support Zones: $7, 000, $6, 000, $5,000 BTC/USD Long-term Trend: Bullish Today, the bulls have succeeded in breaking the first resistance at $8,200. It is likely to break the second resistance at $8,400. During the first bullish impulse, the bulls were resisted at $8,400. This caused Bitcoin to …

4 days

Bitcoin Price Analysis – Bullish Signal: Is Bitcoin Breaking Out From This Six-Month Channel?

• 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 …

4 days

Bitcoin has become an Investment Vehicle to Watch in 2020

News coming from a crypto market research company, Arcane Research, remarks that Bitcoin’s trading volume has more than doubled in the past week. Based on the publication, Bitcoin’s 7-day average trading volume has increased by 125% just in the first week of 2020, with about $1.5 billion in trades recorded on the 8th of January …

5 days
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