Some analysts believe that both Bitcoin and Gold have fallen as investors sell them to make ends meet for quick money. The U.S. treasuries were kept for not being able to be liquidated so quickly. Equating the two categories of assets isn’t easy. Bitcoin and gold are trustless. Its success relies solely on forces of […]
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 now trades above $6,000 after failing to breach the $7,000 resistance. The price is consolidating above the $6,000 support. Before this time, the pair was range-bound between $4,400 and $6,000. The price fluctuated between the range-bound […]
Key Resistance Zones: $10,000, $11,000, $12,000 Key Support Zones: $7, 000, $6, 000, $5,000 BTC/USD Long-term Trend: Bearish Surprisingly, Bitcoin has broken the $6,000 resistance. The resistance at $6,000 was the upper price range of the previous range of $4,400 and $6,000 before the breakout. This is a positive move if the bulls can sustain […]
A fresh wave of fraudsters is using the COVID-19 outbreak (coronavirus) to trick people. They trick the victims into giving them Bitcoins by posing themselves as representatives of common health and charities. Fraudulent Schemes Having Links to Bitcoins The notorious coronavirus threatened the global economy and put lots of people at health risk. According to […]
• BTC bears lost control to the bulls as they now charge towards $7000 level • After recovering from $4000 (Bitfinex), Bitcoin has established new support around $6000 Following a 20% increase under 24-hours, Bitcoin finally broke through a key level of $6000, followed by $6500, which the price just surpassed a few minutes […]
• Bitcoin continued to trade in a tight range as price prepares to breakout • The bearish sentiment may continue if Bitcoin fails to show strength Apart from the $4000-$6000 levels, Bitcoin has been trading between the ranges of $5000-$5500 areas for the past three days now, which shows that there’s a lack of interest […]
Fears about Bitcoin being banned in Russia seemed to be allayed when a top Russian apex bank executive categorically claimed in a study that Bitcoin can not be banned. Bank of Russia’s legal department director Alexei Guznov has been caught saying in a recent article that a ban on cryptocurrencies will be a Hercules mission. […]
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, the bulls took price to a high of $5,572 and were resisted. The $5,500 resistance is the upper price range of the current tight range. Today, the price is falling and approaching the lower price range […]
• Bitcoin is down by 2.30% following a price rejection at $5500 • Bitcoin remains in a tight range, but a triangle breakout is likely on the hourly Since our previous crypto trading signals, Bitcoin continued to facing tough resistance around $5560. More so, the market is in a range-bound for the past few […]
