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 in an uptrend and has successfully taken the first step to breach the $8,800 resistance. The bulls are now battling to break $9,200 resistance. The market will attain a high of $9,600 if the bulls […]
• Bitcoin finally overcomes $9000 after seeing a 2.1% increase overnight • The next swing high may reach $9500 if buyers continue to show commitment This week, Bitcoin has displayed a nice recovery; especially above the critical $9000 resistance that suppressed buying pressure for days. Yesterday, the bulls finally reclaimed this resistance. After that, a […]
AUDUSD grapples to extend recent recovery amid weaker bulls At the time of the writing, AUDUSD flashes red as it seemed to struggle to gain any significant traction, although it was able to hold its neck comfortably above the 0.6550 marks. A fresh wave of global risk-aversion trade weighed on the perceived riskier currency Aussie […]
• Bitcoin attempting to break $9000 resistance following a 2% increase overnight • The $8500 level remains a key support for Bitcoin Over the past week now, Bitcoin continued to trade under the $9000 price level after recovery from a two-week low of $8450 (Bitfinex). Apart from that, the price has been consolidating between $8700 […]
The World Health Organization (WHO) warned in a recent statement that coronavirus may potentially infect up to 60 percent of the world’s population. This is not very good news, especially considering that this disease is transmitted by inhalation and physical contact. Money has become one of the main avenues that this disease spreads, according to […]
Key Resistance Zones: $10,000, $11,000, $12,000 Key Support Zones: $7, 000, $6, 000, $5,000 BTC/USD Long-term Trend: Ranging Bitcoin fails to continue with its upward move as the bullish move was interrupted. The price fell back to the range-bound zone of $8,400 and $8,800. Bitcoin’s upward move is doubtful as the coin is still in […]
• Bitcoin is brewing for a fresh increase, but insignificant volatility is keeping rally in suspense. • If buyers fail to push above $9000, Bitcoin would remain in the wood After establishing small support around $8700 yesterday, Bitcoin is now completing an inverse head-and-shoulder pattern on the 4-hours chart and at the same time forming […]
• A new bullish rally would be confirmed once Bitcoin reclaims the $9000 price level • Bitcoin now held support at $8450 after seeing a notable increase over the past hours Over the past few hours, Bitcoin saw a small recovery of about 6% from the three-week low of $8450. After nearing $9000 yesterday, Bitcoin […]
Key Resistance Zones: $10,000, $11,000, $12,000 Key Support Zones: $7, 000, $6, 000, $5,000 BTC/USD Long-term Trend: Bearish The pair has continued to consolidate within the confined range. Bitcoin is making an upward move between $8,400 and $8,800. The price reached the upper price range and was repelled. This has been the scenario since February […]
