• After breaking above $7000, Bitcoin remained indecisive due to low buying volume • Bitcoin is looking bullish but a drop below $6900 could introduced sellers back in the market Yesterday, Bitcoin finally decided on where next it’s heading following a quick pump from $6500 (which now holds as weekly support) to $7200, which suppressed […]
Key Resistance Zones: $10,000, $11,000, $12,000 Key Support Zones: $7, 000, $6, 000, $5,000 BTC/USD Long-term Trend: Bullish Since April 7, Bitcoin has been fluctuating between $7,400 and $6,600. Yesterday, the market reached a high of $6, 985 and was repelled. Immediately, BTC dropped to a low of $6,500. At the moment, the bulls have […]
• Bitcoin continued to maintain lower lows and lower highs in an hourly descending channel • Bitcoin recovered back following a 5% drop to $6500 mark, but bearish correction remains valid After Bitcoin got rejected around $6980 resistance yesterday, the price continued to show weakness following a 5% drop to reach $6500 earlier today. Now, […]
John McAfee is introducing new privacy-centric crypto named Ghost Token (GHOST), and it will be tradable through atomic swaps on the McAfeeDex once it drops. The whitepaper is scheduled to launch on May 15, and on May 25, 25 percent of the Ghost Token (GHOST) supply is airdropped to Switch token (ESH) holders. Few tentative […]
• Bitcoin is facing heavy supply at $6900 – $7000 area, although it may start a fresh increase if the price can successfully breakthrough • Bitcoin bulls are trying to hold momentum but selling pressure remains dominant. Since the massive selloff over the weekend, Bitcoin’s volatility has been quite moderate after recovering from $6600 […]
Google’s queries for “Bitcoin Halving” soared beyond all levels shown in 2016 in this last year. Statistics reveal that many people search for details about the block-reward halving of the first and largest crypto-currency until it happens in mid-May. Search queries in cryptocurrencies are also among the strongest methods to assess retail demand. The halving […]
• After a wedge breakdown, Bitcoin is still suspending major correction on the 4-hours chart • Bitcoin is already forming a lower low and lower high pattern in an hourly channel. Bitcoin continued to struggle under $7000 since price plunged from $7450 last week. After dropping to $6600 yesterday, Bitcoin slightly bounced back with 3% […]
Despite the course of the global COVID-19 epidemic and fears about continued quarantines and slowing growth, it appears that many people across the globe are shifting to cryptocurrencies, Russia is no exception. During the ongoing coronavirus epidemic, people in Russia are now progressively involved with crypto platform services, as shown by reports from cybersecurity company […]
• On the hourly chart, Bitcoin is consolidating around $6700 following a sharp recovery from $6600 level • After dropping off a month’s wedge, Bitcoin confirms reversal with a head-and-shoulders pattern on the 4-hours chart. Starting the week with a 3% loss, Bitcoin’s price is now floating around $6700 against the US Dollar following a […]
