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 has risen above the $8,000 price level. As earlier anticipated in the previous analysis, the bulls have successfully broken the resistance at $7,600 and $7,800. The bears have succumbed to the bulls at the resistance levels. […]
• Bitcoin may completely reverse to $13000 if the six-month channel breaks. • A drop below $8000 would allow correction to $7800. • Bitcoin reached $8400 with a weekly gain of 15%. Bitcoin has now met a short-term resistance of $8400 after witnessing five days positive move. This resistance would determine whether the bullish will […]
• Bitcoin keeps flaunting bullish pattern but a downward correction may come soon. • Short-term bullish remains valid but Bitcoin may correct slightly down before rally continues. Bitcoin continues to follow a bullish sentiment after breaking out of a critical resistance of $7800 yesterday. BTC has recorded a 24-hour high of $7860 on Bitfinex. If […]
Key Supply Zones: $10,000, $11,000, $12,000 Key Demand Zones: $7, 000, $6, 000, $5,000 BTC/USD Long-term Trend: Ranging Expectantly, the bulls have broken the $7,600 and $7,800 resistance level. This impressive run has been on for the past three days. The bulls have had the upper hand as price breaks the major key levels. Nonetheless, […]
If a survey was taken ten years ago, on the little number of people interested in Bitcoin, on what predictions they had about the price Bitcoin a decade from that time, not one would have predicted that Bitcoin would be valued at thousands of dollars. This just goes to show the potential for growth Bitcoin […]
Key Supply Zones: $10,000, $11,000, $12,000 Key Demand Zones: $7, 000, $6, 000, $5,000 BTC/USD Long-term Trend: Ranging Bitcoin had its last bearish impulse at the low of $6,400 on November 24. The price corrected upward but the overwhelming selling pressure brought the price to its low on December 18. The support at $6,400 is […]
• After breaking out of a descending channel, Bitcoin forms a new bullish pattern in a short-term channel. • If Bitcoin drops, a possible correction may roll the price to $7400 before bouncing back. • Short-term bullish pattern may send BTC price to $8000 in the coming days. Following last week recovery from $6900 low, […]
There’s a special something about New Years that causes people to make promises and pledges to do or make things better than they did in the year before. We promise to eat healthier, exercise more, quit bad habits, and a bunch of promises we seldom fulfill. With that in mind, here is the top New […]
Mark Hipperson, the former Head of Technology for the Barclays group, has announced his intention to release an innovative digital banking scheme. The project, tagged Ziglu, is slated to be released in the first quarter of 2020. According to reports, the concept of the project is an all-digital banking account that will enable its users […]
