• Bitcoin bounced back after holstering support around $9450 yesterday. • A significant bullish rally is expected if Bitcoin can reclaim monthly high Following a three days correction, Bitcoin saw a 7% drop to $9450 low yesterday after marking $10500 last week. Though Bitcoin has managed to recover back to where it’s now trading near […]
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 had been on a downward move because of the bull’s failures to break above the $10,400 overhead head resistance. BTC fell and found support at $9,500 low and then rebounded. The bulls have earlier push prices […]
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 is falling after the bulls fail to overturn the overhead resistance at $10,400. The resistance at $10,400 has been a strong resistance since August 2019. The bears have succeeded in breaking the support at $9,800. This […]
In May 2019, the Russian Prime Minister announced at the St. Petersburg International Legal Forum that digital assets are “not applicable” and that their popularity has “waned,” according to BeInCrypto Russia. Many attribute this to the fact that the government is not purposeful on blockchain technology and its supervisory territory. This does not appear to […]
The regulatory outlook of bitcoins and cryptocurrencies in the United States has long been choked by the emerging cryptocurrency sector, while several embraced more supportive zones such as Switzerland. “The general populace understands the clear guidelines of Europe on cryptocurrency storage, exchange registrations, laws for issuing payment tokens, utilities and security,” said blockchain pioneer and […]
• 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 […]
