Microsoft, a tech company, has licensed a new crypto mining technology that uses data on human body behavior to compensate people with digital currencies while executing specific functions. As shown in a study published on April 6, 2020, the company says the new technology aims at reducing computing energy consumed while mining, thus allowing the […]
• Bitcoin broke out from a 4-hour triangle but the bullish sentiment is still shaky under $7285 • If the price closes above $7000 today, Bitcoin could hit $8000 on a short-term rally. After April 2 fakeout, Bitcoin traded sideways for three days and reclaims the $7000 spot today, following a nice 6% growth over […]
Key Resistance Zones: $10,000, $11,000, $12,000 Key Support Zones: $7, 000, $6, 000, $5,000 BTC/USD Long-term Trend: Bearish Bitcoin has been ranging above $6,800 for the past three days. On March 3, the market reached a higher of $7,049.10 after a rebound from the previous low of $6,180. The bears defended the $7,000 overhead resistance […]
Key Resistance Zones: $10,000, $11,000, $12,000 Key Support Zones: $7, 000, $6, 000, $5,000 BTC/USD Long-term Trend: Bearish Since April 1, Bitcoin has been fluctuating between $6,000 and $7,000. Today, BTC reached a high of $6,917.90 but the bulls fail to break the resistance level. Consequently, BTC is on a downward move. Its initial fall […]
In a tweet on Wednesday, Changpeng Zhao (CZ) CEO of Binance revealed that the Bitcoin mining pool is getting unveiled in Q2. The report is only weeks out from the third halving event of Bitcoin. Reports began circulating of another prospective Binance project over the last few days when CoinMarketCap.com was recently acquired. This development by Binance […]
• The bullish trend remains valid but Bitcoin needs to close well above $7000 to start a fresh rally • Bitcoin is forming a bullish setup in an hourly channel • Bitcoin is holding weekly support at $5880 After making a false breakout yesterday, Bitcoin’s price dropped and continued to hold strongly around a […]
Key Resistance Zones: $10,000, $11,000, $12,000 Key Support Zones: $7, 000, $6, 000, $5,000 BTC/USD Long-term Trend: Bearish On March 2, there was a price spike as Bitcoin reached a high of $7,283.50. The bulls could not sustain the upward move as Bitcoin fell to $6,828. The bears are defending intensively the $7,000 overhead resistance. […]
• Bitcoin signals fresh rally after breaking out from an ascending triangle on the 4-hours chart • The next price target for Bitcoin is $8000 if the $7000 level can act as support • Bitcoin hits $7200 following a 14% increase in a day. Following yesterday’s rejection at $6635, Bitcoin saw about 5% drops but […]
Key Resistance Zones: $10,000, $11,000, $12,000 Key Support Zones: $7, 000, $6, 000, $5,000 BTC/USD Long-term Trend: Bearish Yesterday, April 1, Bitcoin was hovering above $6,300 as the market moved up above the breakout level to reach $6,800. Above the breakout level of $6,400, the bulls were able to push the price upward. The bulls […]
