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 continued to be stable above the breakout level of $6,400. The price movement is insignificant as the bulls continue to defend the breakout level. The bears also defend the $7,000 overhead resistance. On the upside, […]
• The double-top spotted on the 4-hours chart could send Bitcoin back to $5000 if buyers fail to push higher. • Short-term bullish sentiment would remain valid as long as Bitcoin respect the forming channel pattern There’s no much volatility since our previous crypto trading signals as Bitcoin continue to consolidate over the past 48-hours. […]
Key Resistance Zones: $10,000, $11,000, $12,000 Key Support Zones: $7, 000, $6, 000, $5,000 BTC/USD Long-term Trend: Bearish In the last 48 hours, Bitcoin has been relatively stable as the bulls continue to defend the breakout level of $6,400. The bulls have earlier made two unsuccessful attempts at the overhead resistance. BTC find support above […]
• Bitcoin dropped gains to 1.65% today after waiting around $6700 for the past few hours • The price is still trading well within a rising channel on the 4-hours chart. Since our previous crypto trading analysis, Bitcoin’s price has remained under the $6900 (last week’s high) level, although the bulls managed to push the […]
Key Resistance Zones: $10,000, $11,000, $12,000 Key Support Zones: $7, 000, $6, 000, $5,000 BTC/USD Long-term Trend: Bearish Within a week, the bulls have made three unsuccessful attempts at the $7,000 overhead resistance. The only consolation is that it is trading below $6,800 resistance and close to the overhead resistance. Bitcoin may have the possibility […]
• Bitcoin regains momentum back but still need to clear $6927 (last week’s high) before producing more gains. • The $6000 level is now acting as weekly support for Bitcoin Yesterday, Bitcoin reclaimed the $6000 level following a sharp surge from $5700. Today, BTC hits $6800 but the price has now dropped a bit to […]
BitMEX states in its official blog post that on March 12 and 13 the exchange received numerous queries over the results of its insurance trust. It also defines what the insurance trust is, and why it is important. BitMEX declared, contrary to public opinion: This does not offset BitMEX operating expenses or add to BitMEX […]
• The price of Bitcoin remains trapped within a symmetrical triangle on a weekly chart. • Bitcoin is likely to resume bearish if the price drops below the daily low – $5677 Last week, the cryptocurrency market saw a significant volume, which made Bitcoin recover about 20% (from $4500) to reach a high of $6929. […]
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 crashes below $6,000 as the bulls were unable to sustain the upward move. The price is unstable below and above the $6,000 price level. However, since the upward move is interrupted, the coin will revert to […]
