Just as we predicted earlier today, Bitcoin has sharply dropped to the $8400 support zone, hitting take profits provided in our crypto trading signals. If the price can close well below the $8500, Bitcoin may close on a weekly low of $8000. As of now, Bitcoin is trading at $8496 under a lot of bearish […]
The bears have continued to stay in the market as Bitcoin’s extend support to the $8500 zone overnight. Due to the price drop, the market has currently recorded a loss of about -1.2.6%. This time, if the $8500 support fails to suppress selling pressure, Bitcoin would further look for lower support. Bitcoin (BTC) Price Analysis: […]
Bitcoin has been under a lot of bearish pressure over the last few days, making the price to now trade near the $8600 support zones. It may become devastating if BTC price drops below the current support as $8000 could play out in no time. But if the buyers can regroup well, Bitcoin may reclaim […]
Bitcoin has been in a range-bound for about two days now and it appeared the bearish sentiment could continue shortly. This time, BTC trading may witness an ugly scenario if the supply remains heavy at $8880. However, if the price eventually falls, Bitcoin would possibly find a new bottom at $8500. Above all, the market […]
Following the latest price actions, Bitcoin has been trading below the $8800 resistance over the last 24-hours and has similarly held support at $8600. Due to the selling pressure, Bitcoin’s market cap is valued at $158.6 billion with a trading volume of about $18.7 billion. We can expect a heavy price fall if the bears […]
Bitcoin’s volatility has continued to expand downward after losing the $9000 support (now resistance) again. Since the weekly opening, the price has been struggling below this support a bearish action continues. Yesterday, Bitcoin made a new weekly low at around the $8600 but has managed to recover back to $8760 – where BTC is currently […]
The general assertion that Bitcoin and Gold are correlating pair cannot be disputed. Over time, these instruments have proven their true trends to be synonymous. In late October, Bitcoin and Gold broke out of their mid-term descending channel with a massive surge of about +50% after Xi Ping, the Chinese President release on Blockchain and […]
The last two hours trading has set a little panic for Bitcoin’s traders after rising sharply to $8900 and at the same time fell to $8600 zones – where BTC is currently oscillating. The bulls are now trapped as it may be difficult for them to get out this mess unless Bitcoin revisits the $8900 […]
Following the quick recovery at $8600, Bitcoin has been consolidation around the $8750 since yesterday, suggesting a potential retracement for a healthier move. Currently, BTC is recording a loss of -0.66% overnight. However, we can expect a correction to $9125 shortly before Bitcoin resumes bearish swing. Bitcoin (BTC) Price Analysis: 4H Chart – Bearish Key […]
