• Bitcoin dropped to key support area as buyers look for small gains • If Bitcoin fails to hold above $9000 level, the bearish sentiment would become stronger. In our previous crypto trading signals, we mentioned the next possible sell to the $9200-$9000 support area. As we can see now, Bitcoin is testing 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 Bitcoin is gradually falling after failing to break above the overhead resistance. At first, it drops to a low of $9,600 after failing to break above $10,400 resistance. The price went up to retest the resistance at […]
The new coronavirus officially called COVID-19, provoked a real emotional attack on investors. Finally, the impact of COVID-19, better known as coronavirus, has begun to have a major impact on financial markets but the crypto has remained relatively stable for the normally volatile asset class. The stock market tanked, but haven assets like gold advanced […]
• Bitcoin loses 1.85% overnight and continues to plot more bearish • Following a wedge break-down, Bitcoin keeps selling in a descending channel. Over the last 24-hours, Bitcoin has dropped by 1.85%, bringing the current price to around $9535 at press time. The latest price drops could be traced to the bearish pressure in 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 Today, Bitcoin is retracing after being resisted from the $10,000 price level. The bulls were making an upward move after the coin rebounded at the low of $9,290. The upward move was interrupted at the resistance of […]
• Bitcoin continued to trade in an hourly channel as bears gain control. • Bearish actions might get worse if Bitcoin drops below $9500 The situation for Bitcoin now shows bearish signs than before considering the sudden rejection from $10000 to $9562 on Bitfinex a few hours ago. As a result of this, Bitcoin is […]
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 (BTC) has continued to consolidate after two unsuccessful attempts at the $10,400 resistance. The coin is fluctuating between $9,400 and $10,250. After the last breakdown, BTC reached a low of $9,400 and pulled back. The bulls […]
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 has failed to break above $10,400 overhead resistance. The bulls made two unsuccessful attempts at the resistance. In the recent one, the bears took the price to a low of $9,290 and then pulled back above […]
• Following recent recovery to $9750, Bitcoin still looks bearish on a short-term perspective • If Bitcoin drops below $9300, the next support is likely to hold at $9000 Since our previous crypto trading signals, Bitcoin saw a small increase to on the upside. This increase came after dropping heavily to $9300. Though Bitcoin witnessed […]
