Bitcoin records a new weekly high at $7600 following the recent price increase that allowed the buyers to overcome the $7400 resistance-turned-support. BTC is currently correcting a gain of 5.12% after witnessing significant volatility and volume under 24-hours. There’s a more positive move for Bitcoin if the buyers can remain active in the market. However, […]
Bitcoin’s volume has been trading below $150 billion over the past few days due to liquidation which has stalled price movement below $7300 since Monday. Despite that, BTC dominance has continued to hold 66% of the market share for months. With the market cap statistics, there seems to be a sign of optimism from the […]
Following the recent positive move, Bitcoin has seen a quick gain of 1.77% in less than eight hours, making BTC trade at $7300 at the moment. Earlier today, the market was under a lot of bearish pressure but considering the latest buying that led to a channel breakout on the 15-minutes time frame; Bitcoin may […]
Bitcoin has staged support on $7000 for a while now but it may become weak if a bearish play occurs again. While staying on a six-month low of $6600, BTC may reverse if the channel pattern on the daily chart continues to hold price actions. For now, the $7400 resistance is still holding buying pressure […]
Bitcoin’s Lightning Network has taken a big step forward as a prototype after the Lightning Labs’ Lightning Network Daemon (LND) was launched this week. This software serves as a tool for developers to begin the creation of Lightning apps (Lapps) for the everyday Bitcoin user. What Exactly is the Lightning Network? For a basic understanding, […]
The $7300 – $7400 zones have become a tough resistance for Bitcoin to surpass since yesterday. The buying pressure has been almost halted, although there’s still hope for the bulls if BTC remains above $7000. Meanwhile, the six-month bearish bias is still dominant in the market but we may see a short-term bullish play to […]
With a 7.53% gain over the last 24-hours, Bitcoin is now trading well above $7000 to indicate that buyers are stepping back into the market after four weeks of a sloppy downtrend. The price of BTC has evolved around $7200 since yesterday after failing to break above a key resistance zone of $7400. A […]
We mentioned a possible rebound for Bitcoin earlier today, which has eventually played out to the upside. The recovery was quite quick with a $600 add up with the last 8-hours of trading. Compared to about 10% loss a few hours ago, Bitcoin has now seen a correction of 8% gain, bringing the market back […]
Just as we predicted in our previous crypto trading signals, Bitcoin finally dropped below $6800, cutting price all the way to $6600. The sudden price reduction has amounted to -9.10% losses overnight. More bearish reactions could play out for Bitcoin if the market continues to show weakness. Bitcoin (BTC) Price Analysis: Weekly Chart – Bearish […]
