• Bitcoin finds support after losing 6% but deciding on the next move. • Despite that, Bitcoin remains bullish inside a channel on the daily chart Over the past weekend, Bitcoin saw a huge price movement to the downside after marking a 4-month high around $10500. The $10000 breakdown has led to a serious selling […]
Key Resistance Zones: $10,000, $11,000, $12,000 Key Support Zones: $7, 000, $6, 000, $5,000 BTC/USD Long-term Trend: Bullish After failing to break above $10,400, the bulls and bears were tussling with the price between $10,200 and $10,400 for five days. The bears succeeded in breaking the $10,200 support after consolidation. The bears won the first […]
Key Resistance Zones: $10,000, $11,000, $12,000 Key Support Zones: $7, 000, $6, 000, $5,000 BTC/USD Long-term Trend: Bullish After February 11 breakouts, Bitcoin has been characterized by small body candlesticks like Doji and spinning tops. These candlesticks describe the indecision between the buyers and sellers concerning the direction of the market. The price is now […]
• The $10000 support is a key important level for the next bullish rally. • If Bitcoin fails to rebound at this support, a slight bearish correction is likely for Bitcoin Since yesterday, Bitcoin’s bullish sentiment paused after facing resistance at $10450. This rejection has led to about 3% losses; bringing the current price to […]
The creator of crypto wallet provider DropBit, Larry Harmon, has been arraigned for being responsible for laundering about $311 million with Bitcoin privacy instruments. Harmon is also the Chief Executive Officer of media site Coin Ninja. Federal prosecutors of the US are indicting Harmon with conspiracy to launder money and running a fund transaction business […]
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 on the downward move because of the resistance at $10,400. Yesterday, the market reached a high of $10,460 but the bulls could not sustain the upward move above the resistance at $10,360. In retrospect, the […]
• Bitcoin corrects downward after meeting tough resistance around $10450. • If Bitcoin fails to regain momentum at $10200-$10000 support area; a bearish correction could occur. Over the last 24-hours, Bitcoin’s price has remained under $10500 after seeing about 8% increases this week. The price increase made Bitcoin to mark a fresh yearly high at […]
Key Resistance Zones: $10,000, $11,000, $12,000 Key Support Zones: $7, 000, $6, 000, $5,000 BTC/USD Long-term Trend: Bullish Today, the bulls broke above the target price of $10,360 and reached a high of $10460. Unfortunately, Bitcoin is retracing after being resisted at $10,400. On the downside, if price retraces to the $10,000 support and holds, […]
• Bitcoin regain momentum at $9700 support after a strong bullish actions • The next short-term target for Bitcoin is $11000 After locating support around $9700, Bitcoin bounced back above the previous high of $10200 level. Not just that, Bitcoin has marked a new high around $10350 on Bitfinex today. The bulls are back again. […]
