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 at present is approaching the low of $7,800. The current downtrend broke the critical support levels of $8,400, $8,200 and it is approaching the low of $7,800. The current selling pressure was as a result of […]
Confiscated Bitcoins and Bitcoin forks worth about $125,000 will be sold through Wilsons Auctions, an Irish auction house. The auction house is located in Ireland. Belgium will announce the sale of its confiscated cryptocurrency at noon on March 24 without a reserve of GMT, according to an announcement at Wilson auctions, which means that a […]
In July 2018, India’s apex bank, The Reserve Bank of India (RBI) placed a blanket rule against businesses dealing in cryptocurrency. The apex bank had cited concerns of the banking sector being in impending danger if the activities of companies transacting in cryptos were allowed to continue. It was also worried about the spate of […]
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 […]
